What Are Oscar Health Inc.'s Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended 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.
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.