v3.26.1
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share The computations for basic and diluted EPS are as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands, except per share data)2026202520262025
Numerator:
Net income (loss) attributable to Oscar Health, Inc. - basic$361,808 $(228,361)$1,040,804 $46,910 
Effect of convertible senior notes3,721 — 7,442 — 
Net income (loss) available to Oscar Health, Inc. common shareholders - diluted$365,529 $(228,361)$1,048,246 $46,910 
Denominator:
Weighted average shares of common stock outstanding - basic302,220255,531300,197253,417
Common stock equivalents10,485—10,36816,827
Effect of convertible senior notes 20,727—20,727—
Weighted average shares of common stock outstanding - diluted333,432 255,531 331,292 270,244 
Earnings (loss) per Share
Basic
$1.20 $(0.89)$3.47 $0.19 
Diluted
$1.10 $(0.89)$3.16 $0.17 
Schedule of Antidilutive Securities Excluded From Computation
The following potential common shares were excluded from the computation of diluted EPS because including them would have had an anti-dilutive effect:

Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Stock options to purchase common stock
371 15,323 638 2,952 
Restricted stock units
277 10,770 409 4,239 
Performance-based restricted stock units— 7,453 4,984 — 
Shares underlying convertible notes (Note 9)— 36,652 — 36,652 
Total
648 70,198 6,031 43,843