newsfilter
← Earnings
Earnings Releases·

Oscar Health — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue reached $5.14 billion (up from $2.99 billion in Q3 2025), while net income turned profitable at $167.3 million ($0.49 EPS) compared to a $137.5 million loss in the prior year period.
  • The company raised full-year 2026 guidance for earnings from operations to $850–$950 million (from $600–$800 million) and total revenue to $19.0–$19.3 billion (from $18.7–$19.0 billion).
  • Operating efficiency improved significantly with a Q3 MLR of 84.0% (down from 88.5%) and SG&A ratio of 14.0% (down from 17.5%), driven by disciplined pricing and fixed cost leverage.
  • Membership grew to 2.69 million as of September 30, 2026, following the non-renewal of the Cigna+Oscar Small Group arrangement and the cessation of small group plan offerings in December 2024.
  • Management projects continued market share growth and margin expansion in 2027, citing a technology-powered approach and strong underwriting performance as key drivers.
Company
OSCAR HEALTH INC
Sector
Healthcare
Industry
Healthcare Plans