Oscar Health (OSCR) Operating Expenses (2020 - 2026)
Oscar Health's (OSCR) quarterly Operating Expenses came in at $3.9 billion in Q1 2026, up 43.43% YoY 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) Operating Expenses (2020 - 2026) Analysis & Trends
Oscar Health (OSCR) has 7 years of Operating Expenses data on file, last reported at $3.9 billion in 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 advanced to $3.9 billion in Q1 2026, from $3.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.9 billion in Q1 2026 to a low of $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 grew 23.57%.
- Tracing OSCR's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 48.54 Bn |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 39.51 Bn |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 52.38 Bn |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 10.73 Bn |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 4.49 Bn |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 1.29 Bn |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 715.17 Mn |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 49.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.49 Bn |
| 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 |