secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001568651-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health reports first-ever quarterly net income of $177.4M; revenue up 46% YoY
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- Q1 2024 net income of $177.4M ($0.62 diluted EPS) vs. net loss of $39.8M in Q1 2023.
- Total revenue of $2.1B, up 46% YoY driven by higher membership and pricing.
- Medical Loss Ratio improved 210 bps YoY to 74.2%; SG&A Expense Ratio improved 870 bps to 18.4%.
- Adjusted EBITDA of $219.3M, up $168.2M YoY; total members reached 1,448,408.
- Company reaffirms full-year 2024 outlook across all metrics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865124000013/0001568651-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865124000013/oscr-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001568651-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer