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Oscar Health (OSCR)
NYSE:OSCR
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.06Last Year’s EPS
0.92Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of significant near-term challenges and clear strategic progress. Oscar reported strong top-line growth (11.7B revenue, +28% YoY), record enrollment and major market share gains (17% → 30%), meaningful SG&A and AI-driven efficiencies, and provided bullish 2026 guidance including a return to profitability (operating earnings $250–$450M and revenue guidance up ~61% at midpoint). Offsetting these positives, 2025 was loss-making with high MLRs (87.4% full year, 95.4% in Q4), sizable risk-adjustment volatility including a $275M Q4 accrual, and uncertainty about how many passively-enrolled members will remain paid after subsidy expirations. Management articulated concrete levers to improve margins (pricing, product design, broker expansion, AI) and enacted capital actions to support growth. On balance, the call emphasized recovery and strong operational momentum for 2026 while acknowledging material risk-adjustment, enrollment and utilization uncertainties carried over from 2025.Company Guidance
Strong Revenue Growth
Total revenue of $11.7 billion in 2025, a 28% year-over-year increase; 2026 revenue guidance of $18.7–$19.0 billion (≈61% YoY growth at midpoint).
Large Membership and Market Share Gains
Company reported 3.4 million members as of Feb 1, 2026 and expects ~3.0 million paid members by start of Q2 (a 58% year-over-year increase in paid members); footprint market share rose from 17% in 2025 to 30% in 2026.
Clear Path to Profitability in 2026
Guidance expects earnings from operations of $250–$450 million in 2026 (midpoint implies ~ $750 million year-over-year improvement) and an operating margin ~1.9% at midpoint; adjusted EBITDA expected to be ~ $115 million above operating earnings.
Material SG&A Efficiency Improvements
Full year SG&A expense ratio improved to 17.5%, roughly 160 basis points better year-over-year; 2026 SG&A guidance 15.8%–16.3% (≈140 bps YoY improvement at midpoint) driven by scale, technology and AI.
AI and Technology-Driven Operational Gains
Administrative costs lowered ~160 basis points YoY due to AI; agentic AI care-guide reduced response times by 67% during peak/enrollment; Oswell handles 86% of member questions with high accuracy — cited as core efficiency driver.
Product & Distribution Momentum
Record open enrollment with product innovation (Hello Menno, A Salud, Hive Health with Oscar), broker partnerships expanded 60%, and lifestyle-product members showing stronger engagement (50% more likely to recommend and higher direct enrollment rates).
Balance Sheet and Capital Actions
Ended year with ~$5.5 billion cash and investments (including $414M at parent); completed $410M convertible offering (net $360M) and a new $475M 3-year revolver, and insurance subsidiaries had ~ $1.0B surplus (including $315M excess).
OSCR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OSCR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $12.66 | $12.88 | +1.74% |
Nov 06, 2025 | $17.03 | $16.56 | -2.76% |
Aug 06, 2025 | $13.82 | $14.34 | +3.76% |
May 07, 2025 | $13.07 | $17.02 | +30.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oscar Health (OSCR) report earnings?
Oscar Health (OSCR) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Oscar Health (OSCR) earnings time?
Oscar Health (OSCR) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OSCR EPS forecast?
OSCR EPS forecast for the fiscal quarter 2026 (Q1) is 1.06.
