Aug. 28 at 8:24 PM
$OSCR is showing some serious operating leverage.
Q2 membership grew roughly 46% YoY.
Revenue grew even faster at 70%.
That means quarterly revenue per member climbed from roughly
$1,413 to
$1,647, while Oscar’s SG&A ratio fell from 18.7% to just 14.2%.
More members.
More revenue per member.
Less overhead required to generate each dollar of revenue.
This is exactly what you want to see from a company still this early in its growth curve.
