# Oscar Health (OSCR.US)

Canonical: https://gigainvestors.com/s/OSCR

Analysis as of: 2026-10-16T07:30:57.831Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $33.47 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Dan Davidowitz](https://gigainvestors.com/pcm): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Up 554% since Oct 2023 · "Oscar Health signals $500M-$700M 2026 earnings from operations outlook with 81.5%-82.5% MLR target" (seekingalpha.com, Aug 2026)

Story as of 2026-10-16T09:59:20.772Z; price observation 2026-10-15.

- 2025-07-22: Oscar Health falls after revising 2025 guidance due to higher market risk scores ([finance.yahoo.com](https://finance.yahoo.com/news/oscar-health-falls-revising-2025-130047653.html))

- 2025-08-07: Oscar Health outlines $12B–$12.2B 2025 revenue target and new ICHRA strategy amid market reset ([seekingalpha.com](https://seekingalpha.com/news/4480845-oscar-health-outlines-12b-12_2b-2025-revenue-target-and-new-ichra-strategy-amid-market-reset?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2025-09-07: Oscar Health (OSCR) Surges 16.6% as Firm Reaffirms 2025 Growth Guidance ([finance.yahoo.com](https://finance.yahoo.com/news/oscar-health-oscr-surges-16-220750710.html))

- 2026-04-09: Oscar Health (OSCR) Soars 12.88% on Medicare Reimbursement Jump ([finance.yahoo.com](https://finance.yahoo.com/sectors/healthcare/articles/oscar-health-oscr-soars-12-005400879.html))

- 2026-05-12: Oscar Health Hits 7-Month High as Profits More-Than-Double ([finance.yahoo.com](https://finance.yahoo.com/news/oscar-health-hits-7-month-231014655.html))

- 2026-08-06: Oscar Health Stock Falls After Earnings Beat and Guidance Hike ([finance.yahoo.com](https://finance.yahoo.com/m/b857f8d3-4cbf-3edc-b992-960a7864ebc7/oscar-health-stock-falls.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in healthcare plans; annual sales are USD 11.7 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1568651/000156865126000011/oscr-20251231.htm (filed 2026-02-13); FY2025: revenue 11701427000; grossProfit 1682402000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); OSCR.US: Oscar Health, Inc. operates as a healthcare technology company in the United States. The company offers health plans to individuals, families, employees, and small group markets. It also provides +Oscar platform that power others throughout the healthcare system; Campaign Builder platform, an engagement and recommendation platform for providers and payors; and reinsurance products. In addition, the company offers brokerage services and enrollment platform for brokers and consumers to shop, buy, and enroll in medical and supplemental health products. The company was formerly known as Mulberry Health Inc. and changed its name to Oscar Health, Inc. in January 2021. Oscar Health, Inc. was incorporated in 2012 and is headquartered in New York, New York.

### Why customers stay

Margins ranged from 14.4% to 100% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-13); FY2023: grossProfit / revenue = 100%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-13); FY2024: grossProfit / revenue = 20.1%.

- Source: https://www.sec.gov/Archives/edgar/data/1568651/000156865126000011/oscr-20251231.htm (filed 2026-02-13); FY2025: grossProfit / revenue = 14.4%.

### Where the cash goes

Paid no dividends in 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-13); FY2024: growth capex 0; upkeep 27897000; owner earnings 29680000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-13); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 5.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); OSCR.US SharesStats.PercentInsiders = 5.16 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.8 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-13); Closing price 33.47 USD; reporting-to-trading FX 1; FY2025 annual sales per share 44.59589234263762; price multiple 0.7505175531155303. FY2025 cash earnings/share -1.68891488940043. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2021-03: $26.88 per share

- 2021-04: $22.73 per share

- 2021-05: $25.24 per share

- 2021-06: $21.50 per share

- 2021-07: $16.93 per share

- 2021-08: $15.59 per share

- 2021-09: $17.39 per share

- 2021-10: $17.28 per share

- 2021-11: $9.00 per share

- 2021-12: $7.85 per share

- 2022-01: $6.70 per share

- 2022-02: $7.29 per share

- 2022-03: $9.97 per share

- 2022-04: $7.36 per share

- 2022-05: $4.84 per share

- 2022-06: $4.25 per share

- 2022-07: $5.40 per share

- 2022-08: $6.63 per share

- 2022-09: $4.99 per share

- 2022-10: $3.73 per share

- 2022-11: $2.88 per share

- 2022-12: $2.46 per share

- 2023-01: $3.84 per share

- 2023-02: $5.54 per share

- 2023-03: $6.54 per share

- 2023-04: $6.73 per share

- 2023-05: $7.34 per share

- 2023-06: $8.06 per share

- 2023-07: $7.52 per share

- 2023-08: $6.27 per share

- 2023-09: $5.57 per share

- 2023-10: $5.12 per share

- 2023-11: $8.50 per share

- 2023-12: $9.15 per share

- 2024-01: $12.52 per share

- 2024-02: $16.26 per share

- 2024-03: $14.87 per share

- 2024-04: $17.37 per share

- 2024-05: $19.96 per share

- 2024-06: $15.82 per share

- 2024-07: $17.68 per share

- 2024-08: $18.30 per share

- 2024-09: $21.21 per share

- 2024-10: $16.80 per share

- 2024-11: $17.33 per share

- 2024-12: $13.44 per share

- 2025-01: $16.60 per share

- 2025-02: $14.61 per share

- 2025-03: $13.11 per share

- 2025-04: $13.01 per share

- 2025-05: $13.80 per share

- 2025-06: $21.44 per share

- 2025-07: $14.05 per share

- 2025-08: $16.66 per share

- 2025-09: $18.93 per share

- 2025-10: $18.00 per share

- 2025-11: $17.97 per share

- 2025-12: $14.37 per share

- 2026-01: $14.35 per share

- 2026-02: $13.64 per share

- 2026-03: $11.47 per share

- 2026-04: $18.46 per share

- 2026-05: $22.23 per share

- 2026-06: $28.52 per share

- 2026-07: $31.22 per share

- 2026-08: $29.96 per share

- 2026-09: $30.84 per share

- 2026-10: $33.47 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1568651/000156865126000011/oscr-20251231.htm); period 2025-12-31, filed 2026-02-13.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.