Oscar Health, Inc. Class A (OSCR)

Oscar Health's stock price has experienced several notable events in the past six months. In July 2025, the company reported preliminary second-quarter financial results, leading to a stock decline of over 15%. In August 2025, Oscar Health released its complete second-quarter 2025 financial results. In September 2025, Oscar Health priced a private offering of 2.25% convertible senior subordinated notes due 2030, raising $355 million. In October 2025, shares jumped 3% after the company announced an expansion of its health insurance coverage. In November 2025, Oscar Health's stock surged following reports that the White House was expected to unveil a health policy framework including a two-year extension of Obamacare subsidies, and the company reported its Q3 2025 earnings.

Demand for Oscar Health's products and services exhibits seasonality due to health insurance enrollment periods. The open enrollment period for health insurance plans is a critical time for member acquisition. Events such as the potential extension of Obamacare subsidies directly impact the demand for ACA plans. The company's performance and membership growth are closely tied to these annual enrollment cycles and related policy decisions.

Oscar Health, Inc., founded in 2012 and headquartered in New York City, is a technology-driven health insurance company operating in the Healthcare sector, specifically in Managed Health Care and Health Insurance. The company uses a proprietary technology platform, including a mobile app and web interface, to help members manage their healthcare, find doctors, track medical history, and access virtual care services. Major products and services include Individual & Family Plans, Small Group Insurance, Medicare Advantage Plans, +Oscar Technology Platform, Oscar Virtual Primary Care, Care Router, Oscar Mobile App, Campaign Builder platform, Reinsurance products, HelloMeno, and Oscar Unlocks.

Oscar Health has been actively expanding its geographic presence across the United States. As of Q1 2024, the company operated in 22 states and 439 counties. For 2025, Oscar Health expanded its presence to 504 counties across 18 states. Looking ahead to the 2026 open enrollment period, Oscar Health plans to make its health plans available in 573 counties across 20 states, including new expansions into Alabama and Mississippi.

Oscar Health's brand reputation has been influenced by its strategic initiatives and market performance. The company aims to differentiate itself through its technology platform and focus on member experience. The introduction of new AI-powered tools and specialized health plans are likely to enhance its reputation for innovation and customer-centricity. Recent stock surges indicate positive investor confidence, but ongoing challenges with profitability could temper its reputation among some investors.

Oscar Health, Inc. has a mixed ownership structure, with significant institutional, individual, and insider holdings. Key institutional shareholders include Vanguard Group Inc., BlackRock, Inc., T. Rowe Price Investment Management, Inc., Thrive Capital Management, LLC, American Century Companies Inc., and State Street Corp. General Catalyst Group Management LLC is a significant individual shareholder, and insiders, including co-founder Mario Schlosser, hold a notable portion of the company's stock.