OSCR
Oscar Health, Inc.

Oscar Health, Inc.OSCR

Healthcare · Healthcare Plans
35.19USD
+8.58%
Nov 05, 2026
OSCR overview ready
Technology-Enabled Health Insurance Plans and Platforms for US Markets
Direct ACA individual-market insurer and enrollment-platform participant.
Theme not measured
No economic group is assigned yet.
Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Regulatory changes affecting health insurance markets.
Market Nov 4Price action Nov 5Research Sep 7

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction7.4BusinessPerformance—BusinessQuality—Valuation7.7ThemeMomentum—Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
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Price Action

Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$9.4B
Avg Volume (60D)
5.3M
60 sessions
Revenue Growth YoY
+42.8%
Trailing twelve months
Gross Margin
+20.2%
Operating Margin
+4.1%
Trailing twelve months
Free Cash Flow Yield
+7.4%
P/E
22.2x
EV / EBITDA
1.9x
EV / Sales
0.1x
Market metrics as of Nov 4, 2026

Business Performance

Business Quality

Not assessed

Not assessed — banks, insurers and lenders need a different model.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
This company has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
Direct ACA individual-market insurer and enrollment-platform participant. Oscar has a concentrated, direct exposure to the U.S. ACA individual market rather than a generic digital-health adjacency.
Opportunity
Moderate opportunity
A policy- and affordability-driven reset in ACA individual-market enrollment, premium pricing, insurer participation and risk-pool quality following the expiration of enhanced premium tax credits and tighter Marketplace program-integrity rules.
Key risk
Regulatory changes affecting health insurance markets.

Economic classification

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Business & Markets

Healthcare · Healthcare Plans
What they do

Oscar Health, Inc. operates as a healthcare technology company offering health insurance plans and digital platforms that support healthcare providers, payors, brokers, and consumers in the United States.

How it earns

The company generates revenue primarily through subscription-based health insurance premiums and transactional fees from its digital platforms and brokerage services.

Products & services
Health insurance plans for individuals, families, employees, and small groups
The +Oscar healthcare platform
Campaign Builder engagement and recommendation platform
Reinsurance products
Brokerage and enrollment platform
Customers & end markets
Individuals and families
Employees and small group markets
Healthcare providers and payors
Insurance brokers and consumers
Market position

Challenger in the healthcare plans industry leveraging technology to differentiate its insurance and platform services.

Demand drivers
Low cyclicality

Health insurance demand is relatively stable and less sensitive to economic cycles due to regulatory and essential coverage factors.