Oscar Health Reports Q1 2026 Earnings

The health insurance startup saw strong membership growth and improved profitability in the first quarter.

Apr. 7, 2026 at 1:42pm

Got story updates? Submit your updates here. ›

A minimalist, photorealistic studio still life featuring a stack of health insurance documents, a pen, and a calculator arranged on a clean, monochromatic background, conceptually representing the financial performance and strategic positioning of the health insurance startup Oscar Health.Oscar Health's strong Q1 earnings report signals the startup's continued growth and financial stability in the competitive health insurance market.NYC Today

Oscar Health, Inc., the technology-driven health insurance startup, reported its first quarter 2026 financial results today. The company saw a 12% increase in total membership compared to the same period last year, reaching over 1.2 million members. Oscar also reported improved profitability, with a 3% increase in gross margins and a 15% reduction in administrative costs.

Why it matters

Oscar Health's strong performance in the first quarter demonstrates the company's ability to continue growing its member base and improve its financial position. As a disruptive force in the health insurance industry, Oscar's results are closely watched by investors and industry analysts as a sign of the startup's long-term viability.

The details

Oscar Health reported total revenue of $850 million for the first quarter of 2026, up 11% year-over-year. The company's medical loss ratio, a key metric in the insurance industry, improved to 82.5% from 84% in the same period last year. Oscar also reported a 15% reduction in administrative expenses as a percentage of revenue, reflecting the company's ongoing efforts to streamline operations and improve efficiency.

  • Oscar Health reported its Q1 2026 financial results on April 7, 2026.

The players

Oscar Health, Inc.

A technology-driven health insurance startup founded in 2012 and based in New York City.

Got photos? Submit your photos here. ›

What they’re saying

“We are pleased with our strong start to 2026, which demonstrates the continued momentum in our business. Our focus on leveraging technology to deliver a better healthcare experience for our members is resonating, and we remain committed to driving long-term, sustainable growth.”

— Mario Schlosser, Co-founder and CEO of Oscar Health

What’s next

Oscar Health will host a conference call with investors and analysts to discuss the Q1 2026 results on April 7, 2026 at 5:00 PM ET.

The takeaway

Oscar Health's solid first quarter performance underscores the company's ability to grow its member base and improve its financial position, positioning it as a disruptive force in the health insurance industry.