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OSCR Price Correlated With Financials For Oscar Health

Free historical financial statements for Oscar Health Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 5 quarters since 2021. Compare with OSCR stock chart to see long term trends.

OSCR Stock Compared to Quarterly

OSCR Income Statement

Revenue, Net:972765000
Revenue Per Share:4.6202
Selling, General & Admin Expense:74664000
Total Operating Expenses:1041294000
Operating Income:-75803000
Income Taxes:1517000
Net Income:-77320000
Earnings Per Share, Basic:-0.36
Shares Outstanding, Basic Avg:210547696

OSCR Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:3799000
Net Cash from Operations:562849000
Net Cash from Operations Per Share:2.6733
Issuance of Long-term Debt:305000000
Net Cash from Financing Activities:298775000
Property, Plant & Equipment Purchases:6247000
Net Cash from Investing Activities:102811000
Net Change in Cash & Equivalents:964435000

OSCR Balance Sheet

Cash and Cash Equivalents:2089992000
Total Current Assets:3674819000
Property, Plant & Equipment, Net:48607000
Total Assets:4350521000
Total Short-Term Liabilities:2640880000
Long Term Debt, Non-Current Portion:297416000
Total Liabilities:3015354000
ORGANIZATION Oscar Health, Inc. ("Oscar" or the "Company") is the first health insurance company built around a full stack technology platform and a relentless focus on serving its members. Headquartered in New York City, Oscar offers two complementary products: (1) innovative and consumer-oriented health plans are sold to Individual, Small Group and Medicare Advantage members and (2) via +Oscar, the Company leverages its technology platform to sell services to providers and payers to directly enable their shift to value-based care.

The Company operates as one segment to sell insurance to its members directly and through the state-run health care exchanges formed in conjunction with the Patient Protection and Affordable Care Act via its health insurance subsidiaries and to sell services via its +Oscar offering. Individual plans are offered to individuals and families through Health Insurance Marketplaces. Small Group plans are offered to employees of companies with 50 - 100 full-time workers. Medicare Advantage plans are offered to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan. The Company has also partnered with Cigna through the Cigna + Oscar partnership, which unites Oscar’s highly-differentiated member experience with Cigna’s broad provider networks, to exclusively serve the Small Group employer market.

The Company's Class A common stock is traded on the New York Stock Exchange under the symbol "OSCR."

Basis of Presentation

The accompanying interim condensed consolidated financial statements of the Company are unaudited. These interim unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP, and the applicable rules and regulations of the Securities and Exchange Commission for interim financial information. As such, these financial statements do not include all information and footnotes required by U.S. GAAP for complete financial statements.

These condensed consolidated financial statements are unaudited; however, in the opinion of management, they reflect all adjustments consisting only of normal recurring adjustments necessary to state fairly the information presented for the periods presented in conformity with U.S. GAAP applicable to interim periods. The results of operations for the interim periods presented are not necessarily indicative of results for the full year or future periods. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Annual Report on Form 10-K.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates inherent in the preparation of the accompanying interim condensed consolidated financial statements include healthcare costs incurred but not yet reported, premium deficiency reserve and risk adjustment. Estimates are based on past experience and other considerations reasonable under the circumstances. Actual results may differ materially from these estimates.

Data imported from Oscar Health Inc. SEC filings. Check original filings before making any investment decision.