Oscar Health, Inc. Class A (OSCR)

In November 2025, Oscar Health reported Q3 CY2025 earnings with revenue of $2.93 billion, falling short of market expectations, and a GAAP loss per share of ($0.53). In July 2025, Oscar Health announced preliminary financial results for Q2 2025, expecting a loss from operations of approximately $230 million and revised its full-year 2025 guidance. In September 2025, Oscar Health reaffirmed its updated full-year 2025 guidance. In February 2026, Oscar Health reported achieving profitability for the first time, but the stock experienced a decline. Analyst opinions have been mixed, and insiders have sold a significant number of shares.

Demand seasonality for Oscar Health is strongly influenced by the annual enrollment periods for health insurance, particularly within the ACA marketplace. A significant factor impacting future demand is the potential expiration of health insurance subsidies in 2026, which could lead to a loss of customers. The company's strategy for 2025 included aggressive pricing adjustments for the 2026 plan year in response to anticipated demand and cost trends.

Oscar Health, Inc. is an American for-profit health insurance company founded in 2012 that operates as a healthcare technology company. It aims to simplify the American healthcare system through technology, telemedicine, and transparent claims pricing. Oscar Health operates in the ACA marketplace, offering individual and small group health plans with metal-tier options. The company differentiates itself with a proprietary technology platform, including a member engagement engine, and offers services to other healthcare organizations through +Oscar. Revenue is generated through insurance premiums and licensing its technology platform.

Oscar Health operates in 20 states across the U.S., partnering with health systems and provider networks. In 2025, the company was actively expanding its geographic footprint, offering plans in 504 counties across 18 states. Historically, Oscar Health has served states such as New York, California, Texas, New Jersey, Ohio, Tennessee, Arizona, Florida, Michigan, Pennsylvania, Virginia, Georgia, Kansas, Colorado, and Missouri.

Oscar Health's brand reputation has been shaped by its focus on technology and efforts to simplify healthcare. The company is recognized as a technology-first health insurer that aims to improve customer happiness and lower costs. The introduction of an AI chatbot named Oswell is a notable development. The company's recent achievement of profitability is a significant positive, but challenges, including rising healthcare costs, could have temporarily impacted its financial reputation. Oscar Health responded by raising prices on its plans by 28% for 2026.

Oscar Health, Inc. has a diverse ownership structure, with institutions holding a significant portion of its shares. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., and T. Rowe Price Investment Management, Inc. Thrive Capital Management, LLC, along with its various funds, also holds substantial stakes. Individual insiders own 24.39% of the company's stock.