Oscar Health, Inc. (OSCR): Results of Operations and Financial Condition

Oscar Health (OSCR) reported Q2 2026 revenue of $4.9B, up 70% year over year, and net income of $362M. Effectuated membership rose to 2.96M, and medical loss ratio improved to 79.2%. Management reiterated full-year revenue guidance of $18.7B to $19.0B and raised earnings from operations guidance to $500M to $700M, citing disciplined pricing and favorable prior-period reserves, while noting potential higher churn from CMS eligibility verification.

GoodRx reported Q2 revenue of $200.4M, down 1%, and raised its full-year outlook, citing a projected 70% revenue increase from Pharma Direct. Oscar Health reported first-half 2026 results with revenue up 70% to $4.9B and record profitability, attributing gains to its AI platform and “Oswal” tools. Both cited shifting consumer insurance needs.

Oscar Health, Inc. reported record first-half profitability with $1 billion net income and improved medical loss ratio, citing disciplined pricing and favorable utilization. The company raised 2026 earnings from operations guidance to $500 million to $700 million, with full-year MLR expected at 81.5% to 82.5% and SG&A ratio 15.6% to 16.1%. It highlighted AI tools and CMS program integrity reviews.

Oscar Health (NYSE:OSCR) reported Q2 CY2026 revenue of $4.88 billion, up 70.4% year over year, beating Wall Street estimates by 2.9%, according to the company. GAAP EPS was $1.10, up from -$0.89 a year earlier, above consensus. The stock rose 11.8% to $34.10. Analysts expect next-12-month revenue growth of 25.5%.

Oscar Health reported a $361.8 million Q2 profit and $1.04 billion net income for the first six months of 2026, with revenue up 70% year over year to $4.9 billion. Membership rose to 2.9 million. Oscar said its medical loss ratio fell to 79.2% from 91.1% and raised its 2026 outlook, citing cost control and prior-period reserve development.

Oscar Health (NYSE:OSCR) shares rose 11.75% to $27.39 on Monday and added 0.77% to $27.60 after hours, after management cited favorable operating trends at the Goldman Sachs 47th Annual Global Healthcare Conference. CFO Scott Blackley said 2026 is off to a “very strong start,” with utilization modestly favorable through May and a final 2025 Wakely report $130 million better than first-quarter assumptions. Oscar reiterated 2026 guidance: revenue $18.7B–$19B and operating earnings $250M–$450M.