secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001568651-25-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health expects Q2 operating loss ~$230M; cuts FY2025 guidance on higher ACA risk scores
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- Q2 expects loss from operations of ~$230M and net loss of ~$228M.
- FY2025 guidance revised: Total Revenue $12.0B-$12.2B, MLR 86-87%, Operating loss ($300M)-($200M).
- Cost trends moderated vs Q1 but utilization remains elevated; plans 2026 rate resubmissions covering ~98% of membership.
- 2024 risk adjustment results $23M favorable to prior accruals.
- Adjusted EBITDA expected to be ~$120M better than operating loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865125000018/0001568651-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865125000018/oscr-20250722.htm
  HTML page:      https://secwatch.observer/filing/0001568651-25-000018

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