โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adjusted EPS: $1.10 (Est. $0.38) โ
โข Revenue: $4.88B (Est. $4.75B) โ
โข Net Income: $361.8M, compared to a loss of $228.4M last year.
โข Earnings from Operations: $388.6M, compared to a loss of $230.5M last year.
โข Adjusted EBITDA: $415.3M, compared to a loss of $199.4M last year.
โข Medical Loss Ratio: 79.2%, improved from 91.1% last year.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2026 Revenue: $18.7Bโ$19.0B (Est. $18.57B) โ
โข FY2026 Medical Loss Ratio: 81.5%โ82.5%, improved from 82.4%โ83.4%. โฌ๏ธ
โข FY2026 SG&A Expense Ratio: 15.6%โ16.1%, improved from 15.8%โ16.3%. โฌ๏ธ
โข FY2026 Earnings from Operations: $500Mโ$700M, raised from $250Mโ$450M. โฌ๏ธ
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Total revenue increased 70% YoY, driven by higher membership growth and premium rate increases.
โข Membership reached 2.96 million, up from 2.03 million a year ago.
โข Strong underwriting performance and favorable reserve development drove record first-half profitability.
โข Oscar maintained its revenue outlook while raising profitability guidance across key operating metrics.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
"Oscar delivered record profitability in the first half of the year and we are raising our full-year 2026 guidance. Our superior operating performance and execution against the fundamentals of our strategy are accelerating the individual market. More people are moving between full- and part-time jobs, gig work, and retirement โ a shift AI will accelerate."
