Earnings ·
Oscar Health, Inc. reported financial results for the quarter ended June 30, 2026, announcing record profitability and…
OSCROscar Health, Inc.
Oscar Health, Inc. reported financial results for the quarter ended June 30, 2026, announcing record profitability and raising its full-year 2026 guidance. Total revenue reached $4.9 billion in Q2, up from $2.9 billion a year prior, driven by higher membership and rate increases. The company reported net income of $361.8 million, or $1.10 diluted EPS, compared to a net loss of $228.4 million in the same period last year. Operating earnings improved significantly to $388.6 million from a $230.5 million loss, aided by disciplined pricing and $164 million in favorable prior period reserve development. The medical loss ratio decreased to 79.2% from 91.1%, while the SG&A expense ratio fell to 14.2%. Effectuated membership grew to nearly 3 million individuals. Oscar Health operates as a healthcare technology company providing individual and family health insurance plans.