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Oscar s revenue is spiking, but it s still losing money Plus: Mercy Hospital launches virtual care for patients with high-risk pregnancies Midtown biotech firm to receive investment of up to $30M Print Oscar Health s first quarter financial results, its first since a $1.4 billion IPO in March, have the tech-focused insurance company s cheerleaders celebrating a game point scored. But skeptics point to a glaring $87.4 million loss as a reminder that Oscar has yet to turn a profit, seven years in. The SoHo-based company on Thursday reported $369 million in revenue during the first quarter, which ran from January through the end of March, compared with $88 million in the first quarter of 2020. Its $87.4 million net loss during the quarter was down from a net loss just under $97 million in the first quarter of 2020.

United statesCity ofUnited kingdomCharles rudinShuan simLenox hillSarah vinsonSloan ketteringGeoff fatzingerRicky goldwasserMaya kaufmanMario schlosserDenis corinCatholic health mercy hospitalMorgan stanleyDepartment of defense