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Oscar Health (OSCR)

Headquartered in New York City, Oscar has been challenging the health care s\stem's status quo since our founding in 2012. The compan\Ŗs member-ırst philosoph\ and innovative approach to care has earned us the trust of approximately 529,000 Americans across 291 counties, as of January 31, 2021. Oscar offers Individual & Family, Small Group and Medicare Advantage plans. Its vision is to refactor health care to make good care cost less. Refactor is a term used in software engineering that means to improve the design, structure, and implementation of the software, while preserving its functionality. Oscar takes this deınition a step further. The company improves its membersŖ experience b\ building trust through deep engagement, personali]ed guidance, and rapid iteration.

Company profile

Ticker
OSCR
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Former names
Mulberry Health Inc.
SEC CIK
Subsidiaries
Mulberry Insurance Agency, Inc. • Oscar Buckeye State Insurance Corporation • Oscar Garden State Insurance Corporation • Oscar Health Plan of New York, Inc. • Oscar Health Plan of North Carolina, Inc. • Oscar Health Plan of Pennsylvania Inc • Oscar Health Plan, Inc. • Oscar Insurance Company • Oscar Insurance Corporation • Oscar Management Corporation ...

OSCR stock data

Press releases

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Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 May 22
29 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.09B 2.09B 2.09B 2.09B 2.09B 2.09B
Cash burn (monthly) (no burn) 20.67M 25.27M 46.66M (no burn) (no burn)
Cash used (since last report) n/a 61.3M 74.93M 138.38M n/a n/a
Cash remaining n/a 2.03B 2.02B 1.95B n/a n/a
Runway (months of cash) n/a 98.1 79.7 41.8 n/a n/a

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jun 22 Wittman Vanessa Ames Class A Common Stock Grant Acquire A No No 0 35,787 0 85,787
9 Jun 22 Boyd Jeffery H Class A Common Stock Grant Acquire A No No 0 35,787 0 85,787
9 Jun 22 Phillips JR Charles E Class A Common Stock Grant Acquire A No No 0 35,787 0 85,787
9 Jun 22 David Plouffe Class A Common Stock Grant Acquire A No No 0 35,787 0 85,787
9 Jun 22 Elbert O. Jr. Robinson Class A Common Stock Grant Acquire A No No 0 35,787 0 85,787
13F holders Current Prev Q Change
Total holders 126 119 +5.9%
Opened positions 36 46 -21.7%
Closed positions 29 17 +70.6%
Increased positions 30 28 +7.1%
Reduced positions 29 25 +16.0%
13F shares Current Prev Q Change
Total value 2.05B 2.07B -1.2%
Total shares 228.85M 228.19M +0.3%
Total puts 441.2K 577.8K -23.6%
Total calls 797.6K 406.5K +96.2%
Total put/call ratio 0.6 1.4 -61.1%
Largest owners Shares Value Change
Thrive Capital Management 37.61M $375.01M 0.0%
CapitalG 2015 24.04M $0 0.0%
Thrive Capital Partners III 23.15M $133.33M 0.0%
Baillie Gifford & Co 21.38M $213.18M -8.3%
General Catalyst Group Management 14.46M $144.22M 0.0%
General Catalyst Group Management Holdings GP 14.46M $113.55M 0.0%
VK Services 11.7M $116.7M 0.0%
Khosla Ventures IV 11.7M $91.88M 0.0%
Southeastern Asset Management 11.15M $111.13M +22.4%
Vanguard 8.99M $89.62M -3.3%
Largest transactions Shares Bought/sold Change
Capital World Investors 2.75M +2.75M NEW
Southeastern Asset Management 11.15M +2.04M +22.4%
Baillie Gifford & Co 21.38M -1.94M -8.3%
Millennium Management 2.17M +1.88M +650.7%
Dragoneer Investment 1.35M -1.2M -47.1%
Citadel Advisors 154.52K -1.07M -87.3%
Coatue Management 0 -964.59K EXIT
Dumac 825.26K +825.26K NEW
Gilder Gagnon Howe & Co 821.49K +720.86K +716.4%
Prosight Management 237.5K -687.5K -74.3%

Financial report summary

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Competition
Bright HealthHealthLynked
Management Discussion
  • Premiums before ceded reinsurance increased $705.0 million, or 116%, to $1.3 billion for the three months ended March 31, 2022, from $610.1 million for the three months ended March 31, 2021, which was primarily due to higher membership driven largely by growth in the Individual line of business, as well as increases due to serving new C+O members. Oscar’s growth also reflects strong retention and growth in core markets during open enrollment, including in Florida, Texas and Georgia, despite having the lowest cost plan in only 5% of its markets.
  • Reinsurance premiums ceded increased $118.1 million, or 49%, to $359.7 million for the three months ended March 31, 2022, from $241.6 million for the three months ended March 31, 2021. The increase is driven by the growth in premiums before ceded reinsurance discussed above.
  • Administrative services revenue increased $18.2 million to $18.5 million for the three months ended March 31, 2022, from $0.3 million for the three months ended March 31, 2021. This increase was driven by the launch of our newest +Oscar client, in January 2022, Health First Health Plans, which is utilizing our technology and services to support their Individual and Medicare Advantage members.

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