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
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