Filing Flows › Oscar Health (OSCR) › Q1 2025
Oscar Health (OSCR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Oscar Health (OSCR) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +42% from a year earlier and +27% from the quarter before. Operating margin was 9.8%, net earnings $276M (9.0% of revenue).
Oscar Health, Q1 2025: revenue $3.0B (+42% year over year), operating margin 9.8%, net earnings $276M, operating cash flow $879M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +27% | +42% |
| Operating profit | $297M | — | +60% |
| Net earnings | $276M | — | +55% |
| Operating cash flow | $879M | +153% | +38% |
| Free cash flow | $870M | +156% | +38% |
What changed
Revenue was $3.0B in Q1 2025, up 42% year over year and up 27% from the previous quarter.
Operating profit was $0.30B, a 9.8% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 9% margin then. Total costs grew 40% against revenue growth of 42%. The fastest-growing cost line was Other operating costs (+45%). Net earnings were $0.28B, up 55% year over year. The effective tax rate was 4.4%.
Operating cash flow was $0.88B (up 38% year over year), 319% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.57B. Capital expenditures of $0.01B left free cash flow of $0.87B.
Questions
What was Oscar Health's revenue in the first quarter 2025?
Oscar Health (OSCR) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +42% from a year earlier and +27% from the quarter before.
Was Oscar Health profitable in the first quarter 2025?
Operating profit was $297M (9.8% of revenue) and net earnings $276M.
Source: Oscar Health 10-Q on SEC EDGAR.