Oscar Health, Inc. (OSCR) Financial Statements
Oscar Health financial statements at a glance
Oscar Health reported revenue of $11.70 billion for fiscal year 2025 (ended December 31, 2025), up 27.5% from fiscal year 2024. Net income was -$443.15 million, a net margin of 3.8% loss, and diluted earnings per share were -$1.69.
At the end of fiscal year 2025 it had total assets of $6.33 billion, total liabilities of $5.34 billion and shareholders' equity of $977.65 million, with cash and short-term investments of $3.99 billion and total debt of $430.10 million.
Its operations brought in $1.09 billion of cash; capital spending was $36.37 million, leaving free cash flow of $1.06 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Oscar Health, Inc.
Income Statement
Annual • USD
Oscar Health key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $11.7B | $9.2B | $5.9B | $4.1B | $1.9B |
| Operating income | -$419.7M | $57.2M | -$242.7M | -$587.5M | -$565.9M |
| Net income | -$443.2M | $25.4M | -$270.7M | -$606.3M | -$572.6M |
| Diluted EPS | -$1.69 | – | -$1.22 | -$2.85 | -$3.20 |
| Total assets | $6.3B | $4.8B | $3.6B | $4.5B | $3.3B |
| Total liabilities | $5.3B | $3.8B | $2.8B | $3.6B | $1.9B |
| Shareholders' equity | $977.6M | $1.0B | $804.0M | $890.4M | $1.4B |
| Cash and short-term investments | $4.0B | – | – | – | – |
| Total debt | $430.1M | $299.6M | $298.8M | $298.0M | – |
| Operating cash flow | $1.1B | $978.2M | -$272.2M | $380.3M | -$181.7M |
| Capital spending | $36.4M | $27.9M | $25.6M | $29.0M | $25.9M |
| Free cash flow | $1.1B | $950.3M | -$297.7M | $351.3M | -$207.6M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2019.
Questions and answers
What was Oscar Health's revenue in fiscal year 2025?
$11.70 billion, up 27.5% from $9.18 billion in fiscal year 2024.
How much profit does Oscar Health make?
Oscar Health reported net income of -$443.15 million for fiscal year 2025 (3.8% of revenue); operating income was -$419.70 million.
How much cash and debt does Oscar Health have?
At the end of fiscal year 2025: cash and short-term investments of $3.99 billion and total debt of $430.10 million.
What is Oscar Health's free cash flow?
$1.06 billion in fiscal year 2025 (operating cash flow of $1.09 billion minus capital spending of $36.37 million).
