--- title: "Oscar Health Inc. Metrics Guide" description: "Oscar Health Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/oscar-health-inc/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Oscar Health Inc. Financial Metrics Guide ## Direct Answer > Oscar Health Inc. reported revenue of $11.7 billion for the fiscal year ended December 31, 2025, with an operating margin of -3.4% and net income of -$443 million, according to its SEC filings. Revenue grew 27.5% from the prior year. ## What Are Oscar Health Inc.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $11.7 billion | $9.2 billion | $5.9 billion | $4.0 billion | | Operating income | -$396 million | $57 million | -$236 million | -$590 million | | Operating margin | -3.4% | 0.6% | -4.0% | -14.9% | | Net income | -$443 million | $25 million | -$271 million | -$606 million | | Net margin | -3.8% | 0.3% | -4.6% | -15.3% | | Operating cash flow | $1.1 billion | $978 million | -$272 million | $380 million | | Capital expenditures | $36 million | $28 million | $26 million | $29 million | | Free cash flow | $1.1 billion | $950 million | -$298 million | $351 million | Operating margin narrowed by 4.0 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.1 billion against net income of -$443 million; cash generation covered reported earnings. ![Bar chart of Oscar Health Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $11.7 billion, operating income negative $396 million and net income negative $443 million.](https://www.getswoopr.com/images/charts/oscar-health-inc-metrics-revenue-profit.webp) *Oscar Health Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Oscar Health Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was -3.4% and net margin was -3.8%.](https://www.getswoopr.com/images/charts/oscar-health-inc-metrics-margins.webp) *Oscar Health Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Oscar Health Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $1.1 billion, capital expenditures was $36 million, free cash flow was $1.1 billion.](https://www.getswoopr.com/images/charts/oscar-health-inc-metrics-cash-flow.webp) *Oscar Health Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Oscar Health Inc.'s Balance Sheet Show? | Cash and cash equivalents | $2.8 billion | | --- | --- | | Long-term debt | $430 million | | Total assets | $6.3 billion | | Total liabilities | $5.3 billion | | Shareholders' equity | $978 million | | Current ratio | 0.9x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Oscar Health Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001568651-26-000011 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Oscar Health Inc.'s revenue in fiscal 2025? Oscar Health Inc. reported revenue of $11.7 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Oscar Health Inc.'s operating margin? Oscar Health Inc.'s operating margin was -3.4% in fiscal 2025: operating income of -$396 million on revenue of $11.7 billion. ### How much free cash flow did Oscar Health Inc. generate? Operating cash flow of $1.1 billion less capital expenditures of $36 million gives free cash flow of $1.1 billion for fiscal 2025. ## References - [SEC EDGAR: Oscar Health, Inc. Form 10-K filed February 13, 2026](https://www.sec.gov/Archives/edgar/data/1568651/000156865126000011/oscr-20251231.htm) - [SEC EDGAR: Oscar Health, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1568651&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Oscar Health Inc. company dossier](https://www.getswoopr.com/stocks/companies/oscar-health-inc/) - [Oscar Health Inc. financial metrics](https://www.getswoopr.com/stocks/companies/oscar-health-inc/financial-metrics/) - [Oscar Health Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/oscar-health-inc/risks-monitoring/) - [Oscar Health Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/oscar-health-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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