Oscar kicked off 2025 with a strong quarter, driven by strong top-line growth, bottom-line performance, and improvement across most key metrics.
In the first quarter Oscar reported:
- Approximately 2 million members, a 41% increase year-over-year.
- Total revenue of approximately $3.0 billion and net income of $275 million.
- The lowest SG&A ratio in the company’s history at 15.8% – driving greater efficiency in our business.
- Earnings from operations growth by $112 million to $297 million and improved operating margin of 9.8%.
You can read our full press release here (opens in new tab). Below are a few highlights and takeaways from our results.
Deepening our market presence with new partnerships. In the U.S., around 80% of health outcomes are influenced by factors unrelated to healthcare, such as access to food, transportation to medical appointments, and the ability to pay for housing, utilities, or education. This quarter, we launched Oscar Community Resources with FindHelp, a social care network that connects people with 600,000+ free or reduced-cost community-based resources. These resources will ultimately support our clinical intervention and case management programs to lower spend and improve clinical outcomes.