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| 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 |