Quarterly ResultMay 7, 2026, 04:36 PM
Oscar Health Q1 Net Income $679M, up 147%; Revenue up 53%
AI Summary
Oscar Health reported strong financial results for the first quarter of 2026, with net income attributable to the company surging 147% year-over-year to $679 million. Total revenue for the quarter increased 53% to $4.65 billion, driven by a significant rise in premium revenue. The company also saw a substantial increase in net cash provided by operating activities, which nearly tripled to $2.62 billion. As of March 31, 2026, Oscar Health served approximately 3.2 million effectuated members.
Key Highlights
- Net income attributable to Oscar Health, Inc. rose 147% to $679 million.
- Total revenue increased 53% to $4.65 billion for the quarter.
- Basic earnings per share grew 107% to $2.28.
- Net cash provided by operating activities surged 198% to $2.62 billion.
- Premium revenue increased 53% to $4.58 billion.
- Medical expenses rose to $3.23 billion from $2.26 billion.
- Effectuated members reached approximately 3.2 million as of March 31, 2026.