NYSE$OSCR

Oscar Health Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Oscar Health reported Q3 2025 total revenue of $2.99B with a net loss of $137.5M.

Third-quarter total revenue rose to $2.99 billion while the company reported a net loss of $137.5 million and diluted loss per share of $0.53. Premium growth and medical loss ratio trends remained key investor focus areas.

  • Q3 total revenue $2.99B.
  • Net loss $(137.5)M; diluted EPS $(0.53).
  • Premium and MLR trends central.
  • Membership growth and risk adjustment discussed.

Headline financials

Total Revenue

$2.99B

Previous: $2.42B+23.2%
EPS (adj)

-$0.53

Previous: -$0.22-140.9%
Medical loss ratio

88.5%

Previous: 84.6%+4.6%
SG&A expense ratio

17.5%

Previous: 19.0%-7.9%
Adjusted EBITDA

-$101M

Previous: -$11.6M-777.4%
Total membership

2.1M

Previous: 1.7M+28.0%
Net Income

-$137M

Previous: -$54.6M-151.8%
Operating Income

-$129M

Previous: -$48.4M-167.2%

Revenue & EPS history

Oscar Health · Revenue · Quarterly

$2.99B

Q3 2025+23.2%vs Q3 2024
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The release discusses Oscar Health's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Oscar Health cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q3 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q3 2025

Historical avgQ3 2025

+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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