Oscar Health Beats Q2 Estimates With $4.88 Billion Revenue and $1.10 EPS
Updated
Updated · Yahoo Finance · Aug 10
Oscar Health Beats Q2 Estimates With $4.88 Billion Revenue and $1.10 EPS
1 articles · Updated · Yahoo Finance · Aug 10
Summary
$4.88 billion in Q2 revenue and $1.10 adjusted EPS both topped Wall Street forecasts, while adjusted EBITDA reached $415.3 million and operating margin swung to 8% from negative 8% a year earlier.
70.4% sales growth was driven by disciplined pricing, strong execution in individual insurance, and favorable medical utilization and risk-adjustment trends, management said.
2.96 million members—up 46%—helped push costs lower as Oscar used AI tools to automate claims and steer care, cutting SG&A to a record-low ratio and processing most claims within 48 hours.
Management raised its outlook around further AI deployment and growth in ICHRA products for gig and part-time workers, but warned CMS eligibility reviews could drive more membership churn in the second half.