Oscar Health, Inc.

OSCR Healthcare Healthcare Plans

Oscar Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, up 27.5% from fiscal 2024.

Revenue
+72.1%
EPS
+201.9%
Free cash flow
−24.5%
Total debt
−37.0%

Quarter to September 2026, against a year earlier

30.65 2.53 −7.63%
Market cap
$10.2B
P/E
11.0×
Fwd P/E
15.9×
Dividend yield
—
F-score
3/9
Altman Z
1.07
Beneish M
−2.18
Dividend safety
n/a

Oscar Health, Inc. (OSCR) Gross margin

Alert me on Gross margin

Oscar Health, Inc.'s gross margin over the twelve months to 30 September 2026 was 20.6%, up 6.2 percentage points from fiscal 2025 (14.4%). Over the past ten years it has ranged from 11.7% (fiscal 2021) to 33.2% (fiscal 2020); the current reading is higher than 29% of that period. That is above the Healthcare Plans industry median of 19.4% and below the Healthcare sector median of 54.5%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 14.4% (5.72)
FY2024 20.1% (0.72)
FY2023 20.8% 3.59
FY2022 17.2% 5.55
FY2021 11.7% (21.48)
FY2020 33.2% 16.79
FY2019 16.4% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 17.6% (4.61)
Jun 2026 22.3% (8.25)
Mar 2026 30.5% 23.90
Dec 2025 6.60% (6.78)
23 more quarters

Against its own ten years

Low 11.7% High 33.2%
Ten-year median 17.2%
Current reading's percentile 71

Gross margin against peers

Company Gross margin
CI Cigna Group compare 88.4%
PGNY Progyny, Inc. compare 24.9%
OSCR Oscar Health, Inc. 20.6%
CLOV Clover Health Investments, Corp. compare 18.9%
ELV Elevance Health, Inc. compare 15.5%
HUM Humana Inc. compare 13.0%
MOH Molina Healthcare, Inc compare 12.6%
ALHC Alignment Healthcare, Inc. compare 11.9%
CNC Centene Corporation compare 7.78%
Healthcare Plans industry median 19.4%
Healthcare sector median 54.5%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on OSCR