Added to YB: 2026-05-25
Pitch date: 2026-05-19
OSCR [bullish]
Oscar Health, Inc.
Author Info
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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
$6.8B
Pitch Price
N/A
Price Target
42.00
Dividend
N/A
EV/EBITDA
45.41
P/E
-149.63
EV/Sales
0.19
Sector
Insurance
Category
growth
Oscar Health: Q1 2026 Earnings Overview and Investment Thesis
OSCR (added to position): Q1 rev $4.65B (+53% YoY), MLR 70.5%, SG&A 15.2% (both records). Net income $679M vs $275M Q1'25. 3.2M members beat 3M guide despite ACA subsidy lapse. FY26 guide: $18.7-19B rev (+61% YoY), $250-450M op profit (vs -$396M '25 loss). 28% rate hike priced in adverse selection. 2024 seasonality suggests 78-80% FY MLR vs 82.4% mgmt low-end guide. AI-driven SG&A at 15.2% (was 24% in '22). 20x PE yields $22-34 '26 PT, $26-42 '27 PT (~100-200% upside from $21).
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