Oscar Health (OSCR) Operating Expenses (2020 - 2026)
Oscar Health (OSCR) reported Operating Expenses of $3.9 billion for Q1 2026, up 43.43% on a YoY basis from $2.7 billion in Q1 2025, and up 25.62% quarter-over-quarter from $3.1 billion in Q4 2025.
Oscar Health (OSCR) Operating Expenses (2020 - 2026) Analysis & Trends
Oscar Health has reported Operating Expenses for 7 years, with the latest figure at $3.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 43.43% year-over-year to $3.9 billion; the trailing twelve-month figure through Mar 2026 stood at $13.3 billion (up 34.09% YoY), and the FY2025 full-year result was $12.1 billion, up 32.65% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.9 billion, up from $3.1 billion in the prior quarter.
- The five-year high for Operating Expenses was $3.9 billion in Q1 2026, with the low at $1.0 billion in Q1 2022.
- Historically, Operating Expenses has averaged $2.1 billion across 5 years, with a median of $2.0 billion in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 140.25% — and 2025, when it grew 23.57%.
- Oscar Health's Operating Expenses stood at $1.2 billion in 2022, then rose by 29.53% to $1.6 billion in 2023, then soared by 61.06% to $2.5 billion in 2024, then advanced by 23.57% to $3.1 billion in 2025, then gained by 25.62% to $3.9 billion in 2026.
- The last three Operating Expenses figures came in at $3.9 billion (Q1 2026), $3.1 billion (Q4 2025), and $3.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 102.73 Bn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 95.75 Bn |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 47.88 Bn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 37.89 Bn |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 10.71 Bn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.22 Bn |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 721.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.94 Bn |
| Dec 31, 2025 | 3.14 Bn |
| Sep 30, 2025 | 3.12 Bn |
| Jun 30, 2025 | 3.09 Bn |
| Mar 31, 2025 | 2.75 Bn |
| Dec 31, 2024 | 2.54 Bn |
| Sep 30, 2024 | 2.47 Bn |
| Jun 30, 2024 | 2.15 Bn |
| Mar 31, 2024 | 1.96 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Sep 30, 2023 | 1.50 Bn |
| Jun 30, 2023 | 1.53 Bn |
| Mar 31, 2023 | 1.50 Bn |
| Dec 31, 2022 | 1.22 Bn |
| Sep 30, 2022 | 1.17 Bn |
| Jun 30, 2022 | 1.12 Bn |
| Mar 31, 2022 | 1.04 Bn |
| Dec 31, 2021 | 692.32 Mn |
| Sep 30, 2021 | 655.66 Mn |
| Jun 30, 2021 | 601.79 Mn |