Oscar Health — Third Quarter 2026 Earnings Summary

Oscar Health reported a third quarter 2026 net income of $167.3 million, marking a significant turnaround from the net loss of $137.5 million recorded in the same period the previous year. Total revenue for the quarter reached $5.14 billion, driven by rate increases and higher membership, while the medical loss ratio improved to 84.0% from 88.5% in the prior year. The company raised its full-year 2026 earnings from operations outlook to a range of $850 million to $950 million, citing disciplined pricing and improved underwriting performance. Effectuated membership grew to 2.69 million as of September 30, 2026, reflecting continued expansion in the individual and small group markets.