Oscar Health, Inc.
Oscar Health, Inc. (NYSE: OSCAR) is a healthcare technology company that operates as a leading health insurer in the individual market, serving approximately 2.0 million effectuated members as of December 31, 2025. The company's website is www.hioscar.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Oscar Health, Inc. does
In the company’s own words
Oscar Health, Inc. (NYSE: OSCAR) is a healthcare technology company that operates as a leading health insurer in the individual market, serving approximately 2.0 million effectuated members as of December 31, 2025. The company's website is www.hioscar.com.
Founded in 2012, Oscar built its business around a proprietary cloud-native technology platform designed to deliver superior member experiences and engagement. The company offers health plans across five metal plan categories—Catastrophic, Bronze, Silver, Gold, and Platinum—primarily through the federal Health Insurance Marketplaces established by the Affordable Care Act, as well as through off-exchange channels and Individual Coverage Health Reimbursement Arrangements (ICHRA) programs. For the year ended December 31, 2025, 93 percent of premiums were earned directly from the Centers for Medicare & Medicaid Services through the Advanced Premium Tax Credits program, with the remaining 7 percent from members.
Oscar operates in 18 states as of 2025, with plans to expand to 20 states in 2026, generating the vast majority of revenue from health insurance policy premiums. The company's differentiated competitive advantages center on its end-to-end technology platform spanning member and provider data, utilization management, claims processing, billing, and benefits administration. This integrated approach enables personalized member engagement through features including virtual care, Care Guides, and Campaign Builder, an engagement platform leveraging artificial intelligence and predictive analytics.
Beyond its core insurance business, Oscar operates the +Oscar platform, which extends its technology to external providers and payors, currently serving nearly 0.6 million client lives. In 2025, the company acquired three businesses to support its ICHRA strategy and long-term vision to build a consumer health marketplace: Lucie, Inc., a CMS-approved direct enrollment technology platform; IHC Specialty Benefits, Inc., an individual market brokerage; and Healthinsurance.org, LLC, a consumer education website.
As of December 31, 2025, Oscar employed approximately 2,305 people. The company maintains provider networks including exclusive provider organization plans in most markets and HMO plans in select markets, contracting with major health systems across the United States. Oscar's business model emphasizes selective networks and value-based payment arrangements alongside traditional fee-for-service structures.
Company details
- Sector
- Financials
- Industry
- Insurance
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1568651
- SIC
- 6324
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Oscar Health, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Oscar Health, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Oscar Health, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Oscar Health, Inc.’s bonds, as funds hold them
Funds report holding 1 issues of Oscar Health, Inc.’s debt, $63.35M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.25%, maturing 2030 to 2030.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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