OSCR Oscar Health (OSCR) Q2 FY26 earnings call
Oscar Health delivered record profitability in the first half of 2026, driven by strong revenue growth, improved MLR, and significant SG&A efficiency gains. The company raised its full-year outlook, reflecting confidence in its operating performance and scalable technology platform, despite anticipated membership churn from CMS program integrity efforts. Management emphasized the long-term strength of the individual market and Oscar's role in driving innovation and consumer choice.
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OSCR operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Members | 3.2MOscar ended the first quarter with 3.2 million members, an increase of 56% year-over-year.Source: earnings call transcript | 2.96MOscar ended the second quarter with 2.96 million members, up 46% year-over-year.Source: earnings call transcript | -7.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.