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TLDR
- Oscar Health stock jumps 8.58% as third-quarter revenue climbs to $5.14 billion.
- Membership grows 27.2% to 2.69 million, strengthening Oscar Health’s market reach.
- Oscar Health swings to a $167.3 million profit after last year’s quarterly loss.
- Medical loss ratio improves to 84.0%, while administrative costs decline sharply.
- Oscar Health raises its 2026 operating earnings outlook to 850M–950M after Q3.
Oscar Health (OSCR) shares surged 8.58% to $35.19, gaining $2.78, before climbing another 4.19% to $36.67 in premarket trading. The rally followed strong third-quarter financial results, including higher revenue, improved profitability, and significant membership growth. Additionally, the health insurer raised its full-year 2026 outlook as stronger operating performance supported its expansion plans.
Oscar Health Revenue Jumps 72% as Profitability Improves
Oscar Health reported third-quarter revenue of $5.14 billion, up 72.1% from $2.99 billion during the same period last year. The increase reflected continued business growth and a larger membership base across its health insurance offerings. Meanwhile, the company strengthened its operating performance through improved medical cost management and lower administrative expenses.
Operating earnings reached $178 million, reversing a $129.3 million operating loss recorded in the third quarter of 2025. Net income attributable to Oscar Health totaled $167.3 million, compared with a $137.5 million loss a year earlier. Furthermore, adjusted EBITDA reached $206.9 million, compared with a negative $101.5 million in the previous year.
The medical loss ratio improved to 84.0% from 88.5%, reflecting lower medical expenses relative to premiums. Additionally, the selling, general, and administrative expense ratio declined to 14.0% from 17.5% a year earlier. These improvements helped Oscar Health convert revenue growth into stronger earnings during the quarter.
Oscar Health Membership Surges 27% as Insurance Business Expands
Oscar Health ended September with approximately 2.69 million members, compared with 2.12 million during the previous year. This represented membership growth of approximately 27.2%, supporting the company’s expanding presence in the individual health insurance market. The increase also strengthened its premium revenue base as demand for its insurance products continued growing.
The company primarily serves individuals through health plans connected to the Affordable Care Act marketplace. Its business focuses on technology-supported insurance services, consumer products, and healthcare coverage for individual members. Oscar Health continues developing its operations around pricing discipline and administrative efficiency.
For the first nine months of 2026, total revenue reached $14.67 billion, compared with $8.90 billion a year earlier. Operating earnings climbed to $1.27 billion, reversing a $62.6 million loss during the comparable period. Additionally, nine-month net income reached $1.21 billion, reflecting a substantial improvement in overall financial performance.
Oscar Health Raises 2026 Outlook Following Strong Third Quarter
Oscar Health increased its full-year revenue guidance to between $19.0 billion and $19.3 billion. Previously, management projected annual revenue between $18.7 billion and $19.0 billion. The revised outlook reflects stronger business performance and continued membership expansion throughout 2026.
The company also raised its operating earnings guidance to between $850 million and $950 million. Earlier projections placed operating earnings between $600 million and $800 million. Furthermore, management lowered its expected medical loss ratio to between 80.5% and 81.5%.
Oscar Health reduced its projected administrative expense ratio to between 15.1% and 15.6% for the full year. CEO Mark Bertolini linked the stronger outlook to disciplined pricing, consumer-focused products, and technology-driven operations. The company now aims to expand market share and improve operating margins during 2027.
The post Oscar Health, Inc. (OSCR) Stock: Climbs as Revenue Hits $5.14B and Membership Surges appeared first on Blockonomi.
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