Oscar records $87M loss in Q1: 3 things to know

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.

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