Growth Metrics

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

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

Oscar Health (OSCR) has 7 years of Operating Expenses data on file, last reported 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.
  • Across five years, Operating Expenses topped out at $3.9 billion in Q1 2026 and bottomed at $1.0 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $2.0 billion (2024), against an average of $2.1 billion.
  • The widest annual swing landed in 2022, when Operating Expenses jumped 140.25%; it then grew 23.57% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $1.2 billion in 2022, then gained by 29.53% to $1.6 billion in 2023, then jumped by 61.06% to $2.5 billion in 2024, then climbed by 23.57% to $3.1 billion in 2025, then advanced 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 345.31 Bn 315.51 Bn 98.90 Bn 102.73 Bn
2 Cvs Health 115.41 Bn 103.79 Bn 4.43 Bn 95.75 Bn
3 Elevance Health 88.60 Bn 53.18 Bn 13.88 Bn 47.88 Bn
4 Cigna 72.05 Bn 64.43 Bn -44.29 Bn 66.14 Bn
5 Humana 39.05 Bn 17.15 Bn 4.00 Bn 37.89 Bn
6 Centene 30.50 Bn 6.84 Bn 49.24 Bn 48.08 Bn
7 Molina Healthcare 9.31 Bn 60.65 Mn 1.53 Bn 10.71 Bn
8 Oscar Health 6.86 Bn 63.05 Mn -3.22 Bn 3.94 Bn
9 Alignment Healthcare 2.69 Bn 1.96 Bn 135.85 Mn 1.22 Bn
10 Progyny 2.12 Bn 1.90 Bn 83.07 Mn 47.69 Mn

Historic Data

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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
Mar 31, 2021 433.43 Mn
Dec 31, 2020 344.51 Mn
Sep 30, 2020 181.83 Mn
Jun 30, 2020 154.68 Mn
Mar 31, 2020 184.05 Mn