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Oscar Health is riding high after a blockbuster Q3, reporting $5.1 billion in revenue — roughly 70% more than last year — and record profitability for the first nine months of 2026. Membership climbed 27% year-over-year to 2.7 million, and the company is raising its full-year revenue outlook to as much as $19.3 billion. CEO Mark Bertolini called it the "strongest year" in the company's history.
Oscar Health is having a moment. The tech-driven health insurer reported $5.1 billion in Q3 revenue — up roughly 70% year-over-year — blowing past analyst estimates of $4.72 billion. CEO Mark Bertolini told investors it's the "strongest year" in the company's history, with record earnings from operations of $1.3 billion and net income of $1.2 billion for the first nine months of 2026.
Membership is booming too, with 2.7 million members at the end of Q3, a 27% jump from last year. Oscar is heading into open enrollment with a 24% larger geographic footprint, including a new expansion into South Carolina, targeting a total addressable market of ~10 million consumers across 21 states. The company is also leaning into AI, with its Lucie platform on track to sell around 800,000 new policies in 2027.
By the Numbers:
Why it matters: Oscar's performance signals that tech-forward, ACA-focused insurers can scale profitably — a notable data point as the health insurance landscape faces ongoing regulatory and affordability pressures.
