Oscar Health Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 7, 2024

OSCR$33.47+4.1%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Statements of Operations

Condensed Consolidated Statements of Operations

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands, except per share amounts)	2024	2023	2024	2023
Revenue
Premium	2,164,116	1,474,966	$4,257,798	$2,903,592
Investment income	49,994	41,484	92,983	77,540
Services and other	5,231	5,085	10,865	10,088
Total revenue	2,219,341	1,521,535	4,361,646	2,991,220
Operating Expenses
Medical	1,708,722	1,181,999	3,263,496	2,273,591
Selling, general, and administrative	435,206	337,244	829,368	735,763
Depreciation and amortization	7,601	8,821	15,412	13,760
Total operating expenses	2,151,529	1,528,064	4,108,276	3,023,114
Earnings (loss) from operations	67,812	(6,529)	253,370	(31,894)
Interest expense	5,991	6,120	11,893	12,256
Other expenses	872	1,612	2,050	7,718
Earnings (loss) before income taxes	60,949	(14,261)	239,427	(51,868)
Income tax expense	4,637	1,164	5,633	3,185
Net income (loss)	56,312	(15,425)	233,794	(55,053)
Less: Net income attributable to noncontrolling interests	105	103	219	247
Net income (loss) attributable to Oscar Health, Inc.	$56,207	$(15,528)	$233,575	$(55,300)
Earnings (Loss) per Share
Basic	$0.24	$(0.07)	$0.99	$(0.25)
Diluted	$0.20	$(0.07)	$0.82	$(0.25)
Weighted Average Common Shares Outstanding
Basic	238,672	219,400	235,056	218,164
Diluted	303,965	219,400	299,186	218,164

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.