Short answer
Oscar Health, Inc. (OSCR) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $9M (up 79.6% year over year) with net income of −$137M.
Q3 2025 key financials · XBRL
- Revenue
- $9M
- +79.6% YoY · +35.5% QoQ
- Net income
- −$137M
- −151.8% YoY · +39.8% QoQ
- Operating margin
- -1468.6%
- EPS (diluted)
- −$0.52
- −205.9% YoY · +30.7% QoQ
Source: XBRL data from the Oscar Health, Inc. (OSCR) Q3 2025 10-Q on SEC EDGAR. USD.
Oscar Health, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue not specified, no YoY comparison provided in the text
- Net investment income $53.2M for Q3 2025 vs $50.3M Q3 2024, $153.3M for 9M 2025 vs $143.3M 9M 2024
- Health insurance subsidiaries investment income $50.6M Q3 2025 vs $47.8M Q3 2024
- Net cash from operating activities $423.0M 9M 2025 vs $631.4M 9M 2024, decrease due to higher claims and expenses
- Issued $410M convertible senior subordinated notes due 2030 at 2.25% interest; terminated $115M revolving credit facility on September 18, 2025
Risk Factors
- New risk from CMS Program Integrity Rules enacted June 25, 2025, causing stricter APTC eligibility verification and shortening open enrollment impacting membership
- Increased estimate of risk adjustment transfer as of Sept 30, 2025 reflects worsening market morbidity, raising potential capital contribution needs and liquidity pressures
- Regulatory/legal risk from ongoing litigation City of Columbus v. Kennedy, delaying full effect of Program Integrity Rules and creating enrollment uncertainty through 2026
- Operational risk from potential renewal of enhanced APTCs late in 2025, requiring rapid system and process changes that could disrupt 2026 open enrollment performance
- Financial risk due to enhanced APTC renewal uncertainty increasing risk of pricing inaccuracies, margin compression, and potential premium rebating under compressed timelines
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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