Oscar Health demonstrated strong financial performance with significant revenue and membership growth, operational efficiency, and successful technological and partnership initiatives. However, challenges remain in managing increased medical loss ratios and navigating regulatory changes.

Company Guidance -

Q1 2025

During the Oscar Health first quarter 2025 earnings call, the company provided guidance for the full year, reaffirming all of its key metrics. It anticipates total revenue between $11.2 billion and $11.3 billion, driven by a strong 41% year-over-year increase in membership to over 2 million effectuated members. The medical loss ratio (MLR) is expected to range from 80.7% to 81.7%, while the SG&A expense ratio is projected to be between 17.6% and 18.1%. The company also expects earnings from operations to range from $225 million to $275 million, with adjusted EBITDA anticipated to be approximately $140 million higher than earnings from operations. Oscar Health emphasized its commitment to disciplined execution, strong top line growth, and margin expansion, positioning the company to achieve its 2025 targets.

Strong Revenue and Income Growth

Oscar Health reported total revenue of $3 billion for the quarter, a 42% increase year-over-year. Net income improved significantly to $275 million, up $98 million from the prior year period.

Membership Growth

The company closed the quarter with approximately 2 million effectuated members, representing a 41% increase year-over-year.

Operational Efficiency

Oscar reported the lowest SG&A ratio in the company's history at 15.8%, a 260 basis point improvement year-over-year.

Technological Advancements

The launch of a free live chat feature for Virtual Urgent Care decreased member response times by 90% and improved provider efficiency by 28%.

Partnerships and Community Programs

Oscar launched Oscar Community Resources with Find Help, providing members access to local food, housing, and other services beyond medical care.

Oscar Health (OSCR) Earnings, Revenues Date & History

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OSCR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2025 (Q2)	0.34 / -	0.2	―	―	―
May 07, 2025	2025 (Q1)	0.79 / 0.92	0.62	48.39% (+0.30)	―
Feb 04, 2025	2024 (Q4)	-0.59 / -0.62	-0.66	6.06% (+0.04)	―
Nov 07, 2024	2024 (Q3)	-0.17 / -0.22	-0.29	24.14% (+0.07)	―
Aug 07, 2024	2024 (Q2)	0.16 / 0.20	-0.07	385.71% (+0.27)	―
May 07, 2024	2024 (Q1)	0.27 / 0.62	-0.18	444.44% (+0.80)	―
Feb 07, 2024	2023 (Q4)	-0.72 / -0.66	-1.05	37.14% (+0.39)	―
Nov 07, 2023	2023 (Q3)	-0.47 / -0.29	-0.91	68.13% (+0.62)	―
Aug 08, 2023	2023 (Q2)	-0.22 / -0.07	-0.53	86.79% (+0.46)	―
May 09, 2023	2023 (Q1)	-0.06 / -0.18	-0.36	50.00% (+0.18)	―

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
May 07, 2025	$13.07	$17.02	+30.22%
Feb 04, 2025	$15.28	$15.75	+3.08%
Nov 07, 2024	$15.55	$13.64	-12.28%
Aug 07, 2024	$17.23	$16.70	-3.08%

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.