secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001568651-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health reports first-ever positive net income of $25.4M in 2024; appoints new insurance president
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- Total Revenue $9.2B (+56.5% YoY); Net income $25.4M ($0.10 diluted EPS) vs loss of $270.7M in 2023.
- Adjusted EBITDA $199.2M, a $244.5M improvement YoY, marking first year of profitability on this metric.
- 2025 guidance: Revenue $11.2-11.3B, MLR 80.7-81.7%, SG&A 17.6-18.1%, Earnings from Operations $225-275M.
- Janet Liang appointed EVP & President of Oscar Insurance, effective Feb 24, 2025; COO Steven Wolin resigned.
- Membership grew to 1.68M (+62% YoY); Individual & Small Group members 1.64M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865125000005/0001568651-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865125000005/oscr-20250129.htm
  HTML page:      https://secwatch.observer/filing/0001568651-25-000005

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