NYSE$OSCR

Oscar Health Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a net loss of $112 million and a membership of 1,036,720, reflecting continued growth and strategic plan execution.

Oscar Health announced its Q2 2022 financial results, highlighted by an 84% year-over-year increase in membership, reaching 1,036,720. The company reported premiums earned of $995 million, an 88% increase YoY, and a net loss of $112 million, which increased by $39 million YoY. Oscar Health is reaffirming its 2022 outlook across all metrics and remains focused on achieving profitability for its Insurance product in 2023.

  • Membership reached 1,036,720 as of June 30, 2022, an 84% increase year-over-year.
  • Direct and assumed policy premiums totaled $1.7 billion, a 101% increase year-over-year.
  • Premiums earned were $995 million, up 88% year-over-year.
  • Net loss was $112 million, an increase of $39 million year-over-year.

Headline financials

Total Revenue

$1.02B

Previous: $529M+92.2%
EPS (adj)

-$0.53

Previous: -$0.35-51.4%
Medical loss ratio

82.2%

Previous: 82.4%-0.2%
Free Cash Flow

-$112M

No prior period
Net Income

-$112M

Previous: -$73.1M-53.5%
Operating Income

-$106M

Previous: -$72.3M-47.4%
Gross Profit

$213M

Previous: $550M-61.2%
Cash & Equivalents

$2.36B

Previous: $1.67B+41.3%
Total Assets

$4.75B

Previous: $3.71B+28.2%
Stock-Based Comp

$27M

Previous: $18.3M+47.7%

Revenue & EPS history

Oscar Health · Revenue · Quarterly

$1.02B

Q2 2022+92.2%vs Q2 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Oscar Health reaffirmed its 2022 outlook across all metrics.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+3.7%

Avg return

Earnings day

+5.6%

Avg return

5 days after

+7.5%

Avg return

30 days after

64%

16 / 25 earnings

Positive

+30.0%

Q1 2025

Best reaction

-23.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%+22.6%+36.6%
Q4 2025+1.7%+6.0%+2.7%
Q3 2025-2.8%-12.8%-1.5%
Q1 2025+30.0%+28.7%+18.0%
Q4 2024+3.1%-3.7%+4.5%
Q3 2024-12.9%-12.8%+0.4%
Q2 2024+7.2%+4.4%-1.4%
Q1 2024+9.3%+14.1%+2.8%
Q4 2023+22.7%+27.5%+7.7%
Q3 2023+23.5%+24.5%+42.0%
Q2 2023+8.6%+1.9%-10.5%
Q1 2023-8.8%-6.6%+17.8%
Q4 2022+21.0%+36.2%-3.9%
Q3 2022-23.9%-4.5%-11.3%
Q2 2022+19.9%+21.1%-3.7%
Q1 2022-8.9%-2.0%-25.0%
Q4 2019+6.3%+2.5%+39.1%
Q4 2021+2.4%+15.6%+21.9%
Q3 2020-2.4%-6.3%-12.7%
Q3 2021-23.3%-25.2%-33.0%
Q2 2020-16.4%-11.8%+19.4%
Q2 2021-0.9%-12.0%+17.9%
Q4 2020+15.2%+14.5%+23.1%
Q1 2020+15.2%+14.5%+23.1%
Q1 2021+3.6%+4.2%+14.0%

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