Oscar Health Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
OSCR$33.47+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except per share amounts) | 2024 | 2023 |
| Revenue | ||
| Premium | $2,093,682 | $1,428,626 |
| Investment income | 42,989 | 36,056 |
| Services and other | 5,634 | 5,003 |
| Total revenue | 2,142,305 | 1,469,685 |
| Operating Expenses | ||
| Medical | 1,554,774 | 1,091,592 |
| Selling, general, and administrative | 394,162 | 398,519 |
| Depreciation and amortization | 7,811 | 4,939 |
| Total operating expenses | 1,956,747 | 1,495,050 |
| Earnings (loss) from operations | 185,558 | (25,365) |
| Interest expense | 5,902 | 6,136 |
| Other expenses | 1,178 | 6,106 |
| Earnings (loss) before income taxes | 178,478 | (37,607) |
| Income tax expense | 996 | 2,021 |
| Net income (loss) | 177,482 | (39,628) |
| Less: Net income attributable to noncontrolling interests | 114 | 144 |
| Net income (loss) attributable to Oscar Health, Inc. | $177,368 | $(39,772) |
| Earnings (Loss) per Share | ||
| Basic | $0.77 | $(0.18) |
| Diluted | $0.62 | $(0.18) |
| Weighted Average Common Shares Outstanding | ||
| Basic | 231,443 | 216,913 |
| Diluted | 293,796 | 216,913 |
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