Below are the financial statements of Oscar Health, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 1,527,186a | 1,870,315a |
| Short-term investments | 624,461a | 689,833a |
| Premiums and accounts receivable (net of allowance for credit losses) | 315,891a | 201,269a |
| Risk adjustment transfer receivable | 64,779a | 51,925a |
| Reinsurance recoverable | 291,537a | 241,194a |
| Other current assets | 21,320a | 6,564a |
| Total current assets | 2,845,174a | 3,061,100a |
| Property, equipment, and capitalized software, net | 66,793a | 61,930a |
| Long-term investments | 1,815,254a | 365,309a |
| Restricted deposits | 30,878a | 29,870a |
| Other assets | 82,397a | 83,271a |
| Total assets | 4,840,496a | 3,601,480a |
| Liabilities and stockholders' equity | — | — |
| Current liabilities | — | — |
| Benefits payable | 1,356,730a | 965,986a |
| Risk adjustment transfer payable | 1,558,341a | 1,056,941a |
| Premium deficiency reserve | 0a | 5,776a |
| Unearned premiums | 74,389a | 65,918a |
| Accounts payable and other liabilities | 432,428a | 273,367a |
| Reinsurance payable | 41,346a | 61,024a |
| Total current liabilities | 3,463,234a | 2,429,012a |
| Long-term debt | 299,555a | 298,777a |
| Other liabilities | 61,282a | 67,574a |
| Total liabilities | 3,824,071a | 2,795,363a |
| Stockholders' equity | — | — |
| Class A common stock | 2a | 2a |
| Class B common stock | 0a | 0a |
| Treasury stock | -2,923a | -2,923a |
| Additional paid-in capital | 3,869,617a | 3,682,294a |
| Accumulated deficit | -2,851,283a | -2,876,715a |
| Accumulated other comprehensive income (loss) | -1,827a | 1,309a |
| Total Oscar Health, Inc. stockholders’ equity | 1,013,586a | 803,967a |
| Noncontrolling interests | 2,839a | 2,150a |
| Total stockholders’ equity | 1,016,425a | 806,117a |
| Total liabilities and stockholders' equity | 4,840,496a | 3,601,480a |
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