Oscar Health, Inc.
OSCR · Hospital & Medical Service Plans · 221.7M shares · +67%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$157M (gross $3M, SBC $160M)
Reference price $28.95 · est. market cap ~$6.4B — last insider sale, 2026-06-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D53Fast-scaling ACA insurer still posting underwriting losses and deeply negative returns.
Strengths
- Revenue growth +65.7% (100th pct) and OCF margin (100th) on rapid membership gains
- Differentiated +Oscar tech platform and clean tangible book (100th pct)
Risks
- Negative EBITDA, net margin -3.8%, ROE -45% and ROIC -22%
- Heavy ACA/CMS regulatory concentration (93% of premiums from CMS) and MLR volatility
Notable findings
- Weak liquidityCurrent ratio 0.95 (<1)
- Net lossNet loss (net margin -3.8%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +67%/yr over 4y (dilution, book value/share -91%)
- Strong balance sheetStrong balance sheet — $5.5B cash & investments
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$12M, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 34 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$44M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-3.4%
Net margin
-3.8%
Return on equity
-45.3%
Return on assets
-7.0%
ROIC
-22.2%
Revenue growth (QoQ)
65.7%
Debt / equity
0.4×
Current ratio
0.9×
EBITDA
-$367M
Tangible book value
$978M
Cash & investments
$5.5B
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-23 | Schlosser Mario | Sell | 591K | $29.58 |
| 2026-06-23 | Schlosser Mario | Sell | 1.8K | $30.09 |
| 2026-06-23 | Schlosser Mario | Conversion | 50K | — |
| 2026-06-23 | Schlosser Mario | Sell | 16K | $28.95 |
| 2026-06-23 | Schlosser Mario | Sell | 287K | $28.95 |
| 2026-06-23 | Schlosser Mario | Sell | 34K | $29.58 |
| 2026-06-23 | Schlosser Mario | Sell | 102 | $30.09 |
| 2026-06-23 | Schlosser Mario | Conversion | 50K | — |
| 2026-06-23 | Schlosser Mario | Sell | 16K | $28.95 |
| 2026-06-23 | Schlosser Mario | Sell | 34K | $29.58 |
| 2026-06-23 | Schlosser Mario | Conversion | 880K | — |
| 2026-06-23 | Schlosser Mario | Sell | 102 | $30.09 |
| 2026-06-23 | Schlosser Mario | Conversion | 48K | — |
| 2026-06-23 | Schlosser Mario | Sell | 15K | $28.95 |
| 2026-06-23 | Schlosser Mario | Sell | 32K | $29.58 |
| 2026-06-23 | Schlosser Mario | Sell | 97 | $30.09 |
| 2026-06-04 | WITTMAN VANESSA AMES | Grant | 8.5K | — |
| 2026-06-04 | Gassen William | Grant | 8.5K | — |
| 2026-06-04 | Plouffe David | Grant | 8.5K | — |
| 2026-06-04 | Lang Laura W | Grant | 8.5K | — |
| 2026-06-04 | Sankaran Sid | Grant | 8.5K | — |
| 2026-06-02 | Baltrus Victoria | Sell | 1.1K | $21.74 |
| 2026-06-02 | Baltrus Victoria | Sell | 432 | $22.45 |
| 2026-06-02 | Liang Janet | Sell | 8.9K | $21.74 |
| 2026-06-02 | Liang Janet | Sell | 3.5K | $22.45 |
| 2026-06-02 | Schlosser Mario | Sell | 24K | $21.74 |
| 2026-06-02 | Schlosser Mario | Sell | 9.7K | $22.45 |
| 2026-06-02 | McAnaney Adam | Sell | 7.1K | $21.74 |
| 2026-06-02 | McAnaney Adam | Sell | 2.8K | $22.45 |
| 2026-06-02 | Blackley Richard Scott | Sell | 23K | $21.74 |
| 2026-06-02 | Blackley Richard Scott | Sell | 9.0K | $22.45 |
| 2026-05-18 | Blackley Richard Scott | Sell | 110K | $25.03 |
| 2026-05-14 | Blackley Richard Scott | Sell | 91K | $23.10 |
| 2026-05-14 | Blackley Richard Scott | Sell | 8.7K | $23.79 |
| 2026-04-06 | Bertolini Mark T | Tax withheld | 1.0M | $11.92 |
| 2026-04-06 | Bertolini Mark T | Buy | 1.0M | $11.92 |
| 2026-04-03 | Bertolini Mark T | Option exercise | 5.7M | — |
| 2026-03-12 | Blackley Richard Scott | Gift | 75K | — |
| 2026-03-12 | Blackley Richard Scott | Gift | 75K | — |
| 2026-03-12 | Blackley Richard Scott | Gift | 75K | — |
| 2026-03-02 | Blackley Richard Scott | Sell | 19K | $13.39 |
| 2026-03-02 | Liang Janet | Grant | 106K | — |
| 2026-03-02 | Liang Janet | Sell | 7.5K | $13.39 |
| 2026-03-02 | Bertolini Mark T | Grant | 1.6M | — |
| 2026-03-02 | Baltrus Victoria | Grant | 17K | — |
| 2026-03-02 | Baltrus Victoria | Sell | 4.6K | $13.39 |
| 2026-03-02 | McAnaney Adam | Grant | 67K | — |
| 2026-03-02 | McAnaney Adam | Sell | 19K | $13.39 |
| 2026-03-02 | Schlosser Mario | Grant | 189K | — |
| 2026-03-02 | Schlosser Mario | Sell | 24K | $13.39 |
| 2026-03-02 | Blackley Richard Scott | Grant | 135K | — |
| 2026-01-08 | Schlosser Mario | Conversion | 23K | — |
| 2026-01-08 | Schlosser Mario | Sell | 23K | $17.65 |
| 2026-01-06 | Schlosser Mario | Sell | 77K | $17.01 |
| 2026-01-06 | Schlosser Mario | Conversion | 77K | — |
| 2026-01-05 | Schlosser Mario | Conversion | 87K | — |
| 2026-01-05 | Schlosser Mario | Sell | 97K | $15.64 |
| 2026-01-02 | Schlosser Mario | Conversion | 60K | — |
| 2026-01-02 | Schlosser Mario | Sell | 138K | $15.02 |
| 2025-12-24 | Schlosser Mario | Sell | 39K | $15.00 |
| 2025-12-02 | McAnaney Adam | Sell | 1.9K | $16.59 |
| 2025-12-02 | Baltrus Victoria | Sell | 4.1K | $16.59 |
| 2025-12-02 | Liang Janet | Sell | 7.3K | $16.59 |
| 2025-12-02 | Schlosser Mario | Sell | 24K | $16.59 |
| 2025-12-02 | Blackley Richard Scott | Sell | 25K | $16.59 |
| 2025-11-12 | Schlosser Mario | Conversion | 105K | — |
| 2025-11-12 | Schlosser Mario | Sell | 105K | $15.05 |
| 2025-11-11 | Schlosser Mario | Sell | 286K | $15.27 |
| 2025-11-11 | Schlosser Mario | Conversion | 286K | — |
| 2025-09-22 | Schlosser Mario | Sell | 395K | $18.43 |
| 2025-09-22 | Schlosser Mario | Conversion | 395K | — |
| 2025-09-02 | Baltrus Victoria | Tax withheld | 6.3K | $16.66 |
| 2025-09-02 | Liang Janet | Tax withheld | 7.3K | $16.66 |
| 2025-09-02 | Schlosser Mario | Tax withheld | 24K | $16.66 |
| 2025-09-02 | McAnaney Adam | Tax withheld | 1.8K | $16.66 |
| 2025-09-02 | Blackley Richard Scott | Tax withheld | 28K | $16.66 |
| 2025-06-04 | BOYD JEFFERY H | Grant | 14K | — |
| 2025-06-04 | Lang Laura W | Grant | 14K | — |
| 2025-06-04 | Plouffe David | Grant | 14K | — |
| 2025-06-04 | WITTMAN VANESSA AMES | Grant | 14K | — |
| 2025-06-04 | Sankaran Sid | Grant | 14K | — |
| 2025-06-04 | Gassen William | Grant | 14K | — |
| 2025-06-02 | McAnaney Adam | Tax withheld | 1.8K | $13.80 |
| 2025-06-02 | Liang Janet | Tax withheld | 7.2K | $13.80 |
| 2025-06-02 | Schlosser Mario | Tax withheld | 24K | $13.80 |
| 2025-06-02 | Blackley Richard Scott | Tax withheld | 28K | $13.80 |
| 2025-06-02 | Baltrus Victoria | Tax withheld | 6.3K | $13.80 |
| 2025-05-12 | Robinson Elbert O. Jr. | Sell | 25K | $16.43 |
| 2025-04-03 | Bertolini Mark T | Option exercise | 956K | — |
| 2025-03-05 | Baltrus Victoria | Grant | 11K | — |
| 2025-03-05 | Schlosser Mario | Grant | 172K | — |
| 2025-03-05 | Blackley Richard Scott | Grant | 103K | — |
| 2025-03-05 | Liang Janet | Grant | 97K | — |
| 2025-03-05 | McAnaney Adam | Grant | 61K | — |
| 2025-03-01 | Schlosser Mario | Tax withheld | 8.0K | $14.61 |
| 2025-03-01 | Blackley Richard Scott | Tax withheld | 22K | $14.61 |
| 2025-03-01 | Baltrus Victoria | Tax withheld | 5.1K | $14.61 |
| 2025-02-24 | McAnaney Adam | Grant | 123K | — |
| 2025-02-24 | Liang Janet | Grant | 97K | — |
| 2025-02-07 | Sankaran Sid | Gift | 296K | — |
| 2025-02-07 | Sankaran Sid | Gift | 296K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-09 | 2026-06-04 | 0001568651-26-000059 ↗ |
| 8-K | 2026-06-08 | 2026-06-08 | 0001568651-26-000054 ↗ |
| 8-K | 2026-06-02 | 2026-05-29 | 0001568651-26-000048 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001568651-26-000040 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001568651-26-000036 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001568651-26-000028 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001568651-26-000014 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0001568651-26-000011 ↗ |
| 8-K | 2026-02-10 | 2026-02-06 | 0001568651-26-000008 ↗ |
| 8-K | 2025-12-29 | 2025-12-22 | 0001193125-25-335294 ↗ |
| 8-K | 2025-11-06 | 2025-11-03 | 0001568651-25-000035 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001568651-25-000037 ↗ |