Oscar Health reported a $87.4 million net loss in the first quarter of fiscal year 2021, according to financial documents the insurer released May 13.
Three things to know:
1. The financial results are the health insurance startup's first since going public in February.
2. Oscar posted revenue of $369.4 million in the first quarter of this year, up from $88.1 million a year prior.
3. The $87.4 million net loss is a year-over-year improvement from the $96.9 million Oscar lost in the first quarter of 2020.