Oscar Health (OSCR) Operating Expenses (2020 - 2026)

Oscar Health (OSCR) posted Operating Expenses of $3.9 billion for Q1 2026, up 25.62% on a QoQ basis from $3.1 billion in Q4 2025, and up 43.43% year-over-year from $2.7 billion in Q1 2025.

Oscar Health (OSCR) Operating Expenses (2020 - 2026) Analysis & Trends

Oscar Health's Operating Expenses history runs 7 years deep, the most recent figure standing at $3.9 billion for Q1 2026.

  • Quarterly Operating Expenses rose 43.43% year-over-year to $3.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.3 billion (up 34.09% YoY) and the FY2025 annual result came in at $12.1 billion, up 32.65% from the prior year.
  • Operating Expenses was $3.9 billion for Q1 2026 at Oscar Health, up from $3.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.9 billion in Q1 2026 and bottomed at $1.0 billion in Q1 2022.
  • A 5-year average of $2.1 billion and a median of $2.0 billion in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 140.25% — and 2025, when it gained 23.57%.
  • Oscar Health's Operating Expenses stood at $1.2 billion in 2022, then advanced by 29.53% to $1.6 billion in 2023, then surged by 61.06% to $2.5 billion in 2024, then grew by 23.57% to $3.1 billion in 2025, then climbed by 25.62% to $3.9 billion in 2026.
  • Business Quant data shows OSCR's Operating Expenses at $3.9 billion in Q1 2026, $3.1 billion in Q4 2025, and $3.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn 102.73 Bn
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn 95.75 Bn
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn 48.54 Bn
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn 66.14 Bn
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn 37.89 Bn
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn 48.08 Bn
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn 10.73 Bn
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn 3.94 Bn
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn 1.22 Bn
10 Progyny 2.48 Bn 2.26 Bn 83.07 Mn 47.69 Mn

Historic Data

Download Data
DateValue
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