Oscar Health Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-443.15	25.43	-270.73	-606.28	-572.61
Depreciation & Amortization	28.89	32.15	30.69	15.28	14.61
Other Amortization	1.63	0.78	0.78	0.71	0.33
Gain (Loss) on Sale of Investments	-29.79	-26.88	-29.37	2.48	8.03
Stock-Based Compensation	87.65	109.82	159.68	112.33	86.3
Change in Accounts Receivable	-101.93	-114.32	-13.41	-81.05	-66.95
Reinsurance Recoverable	191.79	-50.34	651.69	-460.9	147.4
Change in Accounts Payable	205.49	152.77	-29.18	57.81	98.62
Change in Unearned Revenue	91.81	8.47	-13.08	3.95	3.14
Change in Insurance Reserves / Liabilities	-	-5.78	1.56	-25.03	-55.33
Change in Other Net Operating Assets	1,110	867.74	-423.05	1,138	258.89
Other Operating Activities	14.69	-1.67	0.26	-2.17	33.9
Operating Cash Flow	1,095	978.19	-272.16	380.35	-181.75
Operating Cash Flow Growth	11.93%	-	-	-	-
Capital Expenditures	-36.37	-27.9	-25.58	-29.01	-25.89
Investment in Securities	-208.96	-1,363	605.04	-198.62	-755.31
Other Investing Activities	4.28	3.93	-2.28	1.12	6.68
Investing Cash Flow	-241.06	-1,387	577.19	-226.52	-774.52
Long-Term Debt Issued	410	-	-	305	-
Total Debt Repaid	-38.89	-	-	-	-153.17
Net Debt Issued (Repaid)	371.12	-	-	305	-153.17
Issuance of Common Stock	55.03	68.39	6.45	3.15	1,407
Repurchases of Common Stock	-4.04	-	-	-	-
Other Financing Activities	-22.9	-	-	-7.04	-15.21
Financing Cash Flow	399.21	68.39	6.45	301.11	1,239
Net Cash Flow	1,253	-340.85	311.47	454.94	282.45
Free Cash Flow	1,058	950.3	-297.74	351.34	-207.63
Free Cash Flow Growth	11.38%	-	-	-	-
Free Cash Flow Margin	9.05%	10.36%	-5.08%	8.86%	-10.96%
Free Cash Flow Per Share	4.03	3.58	-1.34	1.65	-1.16
Cash Interest Paid	12.78	33.69	23.16	10.08	4.26
Cash Income Tax Paid	17.52	0.67	2.41	1.89	0.7
Levered Free Cash Flow	698	1,043	538.86	-230.88	-253.85
Unlevered Free Cash Flow	707.37	1,058	553.45	-217.46	-251.23
Change in Working Capital	1,459	838.86	-192.09	855	247.7

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q