Added to YB: 2026-04-02
Pitch date: 2026-03-30
OSCR [neutral]
Oscar Health, Inc.
+6.83%
current return
Author Info
No bio for this author
Company Info
Oscar Health, Inc. operates as a healthcare technology company in the United States. The company offers health plans to individuals, families, employees, and small group markets.
Market Cap
$3.2B
Pitch Price
$10.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
-2.71
P/E
-6.42
EV/Sales
0.08
Sector
Insurance
Category
turnaround
OSCAR HEALTH (OSCR): Why Oscar's ambitious guidance could fail on four key levers - and what suggests it will hold
OSCR (overview): Digital health insurer at 1.9% op margin—narrow margin means small deviations = big swings. 2026 guide $250-450M earnings assumes 3M members, 82.4-83.4% MLR, 15.8-16.3% SG&A, ~20% risk adj payable. Risks: subsidy expiration could push members down to 2.4M (resulting in losses); every 1pp MLR slip costs $190M; 60% SG&A fixed; risk adj jumped $275M in Q4'25 alone. $5.5B cash mostly trapped in regulated subs; real holdco liquidity ~$50M. CFO reaffirmed guide Mar 2 under Reg FD (positive signal). Binary: hit guidance=undervalued; miss=capital raise risk.
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