The Oncology Institute, Inc. financials
Source: EDGAR filings · Built 2026-06-04T02:31:06Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -27.82M | -30.37M | -40.98M | -67.34M | -35.56M | -717.00K |
| EBITDA | -29.14M | -53.83M | -71.14M | -77.54M | -42.52M | -5.02M |
| Working Capital | 41.78M | 60.20M | 108.70M | 100.70M | 124.26M | 1.11M |
| Net Debt | 70.19M | 73.58M | 86.33M | 94.41M | -114.99M | 11.03M |
| Operating Margin | -7.18% | -15.28% | -23.75% | -32.46% | -22.59% | -4.37% |
| Net Margin | -12.06% | -16.44% | -25.62% | 0.06% | -5.38% | -7.64% |
| Return on Equity (ROE) | 385.53% | -1801.70% | -145.67% | 0.12% | -10.49% | -50.97% |
| Return on Assets (ROA) | -36.81% | -37.44% | -39.70% | 0.06% | -5.37% | -21.80% |
| Current Ratio | 1.59× | 2.15× | 4.12× | 4.39× | 5.17× | 1.04× |
| Debt-to-Equity | -6.60× | 34.34× | 2.10× | 0.88× | 0.00× | 0.42× |
| Effective Tax Rate | 0.22% | 0.00% | 0.04% | 267.03% | 5.79% | 3.33% |
| Cash Conversion Ratio | 0.41× | 0.41× | 0.44× | -406.29× | 2.99× | -0.04× |
| Accruals Ratio | -0.22× | -0.22× | -0.22× | 0.24× | 0.11× | -0.23× |
| SBC % of Revenue | 0.91% | 2.83% | 5.49% | 10.96% | 12.09% | 0.08% |
| CapEx Coverage | -7.60× | -6.93× | -7.78× | -11.05× | -11.35× | 0.41× |
| Free Cash Flow Per Share | $-0.30 | $-0.40 | $-0.56 | $-0.84 | $-0.54 | $-0.01 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 502.73M | 393.41M | 324.24M | 252.48M | 203.00M | 187.51M |
| Selling, General and Administrative Expense | 105.57M | 107.83M | 113.85M | 119.69M | 83.36M | 41.90M |
| Operating Income (Loss) | -36.08M | -60.12M | -77.02M | -81.95M | -45.86M | -8.20M |
| Income Tax Expense (Benefit) | -131.00K | 0 | -36.00K | -243.00K | -671.00K | -493.00K |
| Net Income (Loss) Attributable to Parent | -60.61M | -64.66M | -83.07M | 152.00K | -10.93M | -14.32M |
| Earnings Per Share, Basic | $-0.54 | $-0.71 | $-0.92 | $0.00 | $-0.16 | $-0.24 |
| Weighted Average Number of Shares Outstanding, Basic | 92.39M | 75.04M | 73.75M | 72.79M | 66.23M | 59.12M |
| Earnings Per Share, Diluted | $-0.54 | $-0.71 | $-0.92 | $-0.21 | $-0.16 | $-0.24 |
| Weighted Average Number of Shares Outstanding, Diluted | 92.39M | 75.04M | 73.75M | 80.61M | 66.23M | 59.12M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | — | — | — | — | 900.00K |
| Assets, Current | 112.75M | 112.42M | 143.49M | 130.42M | 154.06M | 29.72M |
| Assets | 164.66M | 172.72M | 209.24M | 261.67M | 203.44M | 65.69M |
| Liabilities, Current | 70.96M | 52.22M | 34.79M | 29.72M | 29.80M | 28.61M |
| Long-term Debt, Excluding Current Maturities | 77.40M | 93.13M | 86.83M | 80.62M | 0 | 6.56M |
| Liabilities | 180.38M | 169.13M | 152.22M | 138.49M | 99.28M | 37.59M |
| Stockholders' Equity Attributable to Parent | -15.72M | 3.59M | 57.02M | 123.17M | 104.16M | 28.10M |
| Common Stock, Shares, Outstanding | 98.86M | 75.74M | 74.15M | 73.27M | 73.25M | 5.75M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -24.59M | -26.54M | -36.31M | -61.76M | -32.68M | 508.00K |
| Payments to Acquire Property, Plant, and Equipment | 3.20M | 3.79M | 4.57M | 5.53M | 2.85M | 1.19M |
| Net Cash Provided by (Used in) Investing Activities | -3.07M | 46.21M | 62.64M | -131.61M | -12.15M | -8.84M |
| Payments for Repurchase of Common Stock | — | 0 | 1.02M | 9.00M | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | 11.56M | -3.49M | -6.85M | 92.21M | 154.01M | 11.89M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.27M | 2.16M | -29.99M | -16.75M | -5.33M | 2.23M |
| EBITDA | -4.90M | -5.28M | — | — | -8.13M | -10.22M |
| Working Capital | 37.51M | 41.78M | 44.51M | 40.01M | 47.28M | 60.20M |
| Net Debt | 74.63M | 70.19M | 75.97M | 72.94M | 62.66M | 73.58M |
| Operating Margin | -4.42% | -4.87% | -5.90% | -9.36% | -9.49% | -11.90% |
| Net Margin | -1.69% | -5.29% | -12.09% | -14.20% | -18.76% | -13.15% |
| Return on Equity (ROE) | 15.30% | 47.76% | 134.46% | 189.30% | -386.37% | -367.29% |
| Return on Assets (ROA) | -1.48% | -4.56% | -10.09% | -10.64% | -11.94% | -7.63% |
| Current Ratio | 1.47× | 1.59× | 1.68× | 1.62× | 1.79× | 2.15× |
| Debt-to-Equity | -6.44× | -6.60× | -8.44× | -11.49× | 20.20× | 34.34× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.76% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.89× | -0.43× | 1.69× | 0.89× | 0.25× | -0.30× |
| Accruals Ratio | -0.00× | -0.07× | 0.07× | -0.01× | -0.09× | -0.10× |
| SBC % of Revenue | 1.14% | 0.93% | 2.37% | 1.84% | 1.40% | 1.29% |
| CapEx Coverage | -2.11× | 3.02× | -12.83× | -9.76× | -14.76× | 2.27× |
| Free Cash Flow Per Share | $-0.03 | $0.02 | $-0.31 | $-0.18 | $-0.07 | $0.03 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 147.44M | 141.96M | 136.56M | 119.80M | 104.41M | 100.27M |
| Selling, General and Administrative Expense | 28.21M | 28.04M | 25.25M | 26.91M | 25.38M | 24.86M |
| Operating Income (Loss) | -6.51M | -6.91M | -8.05M | -11.21M | -9.91M | -11.93M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | -131.00K | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -2.49M | -7.51M | -16.50M | -17.01M | -19.59M | -13.18M |
| Earnings Per Share, Basic | $-0.02 | $-0.05 | $-0.14 | $-0.15 | $-0.21 | $-0.15 |
| Weighted Average Number of Shares Outstanding, Basic | 101.80M | 92.39M | 97.47M | 93.20M | 77.10M | 75.04M |
| Earnings Per Share, Diluted | $-0.02 | $-0.05 | $-0.14 | $-0.15 | $-0.21 | $-0.15 |
| Weighted Average Number of Shares Outstanding, Diluted | 101.80M | 92.39M | 97.47M | 93.20M | 77.10M | 75.04M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets, Current | 116.86M | 112.75M | 110.09M | 104.79M | 106.82M | 112.42M |
| Assets | 168.23M | 164.66M | 163.62M | 159.80M | 164.00M | 172.72M |
| Liabilities, Current | 79.35M | 70.96M | 65.58M | 64.78M | 59.54M | 52.22M |
| Long-term Debt, Excluding Current Maturities | 78.61M | 77.40M | 76.19M | 75.02M | 73.89M | 93.13M |
| Liabilities | 184.51M | 180.38M | 175.89M | 168.78M | 158.93M | 169.13M |
| Stockholders' Equity Attributable to Parent | -16.29M | -15.72M | -12.27M | -8.98M | 5.07M | 3.59M |
| Common Stock, Shares, Outstanding | 99.97M | 98.86M | 97.57M | 93.28M | 88.93M | 75.74M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -2.21M | 3.23M | -27.82M | -15.19M | -4.99M | 4.00M |
| Payments to Acquire Property, Plant, and Equipment | 1.04M | 1.06M | 2.14M | 1.54M | 328.00K | 1.75M |
| Net Cash Provided by (Used in) Investing Activities | -1.04M | -1.06M | -2.01M | -1.41M | -202.00K | -1.75M |
| Payments for Repurchase of Common Stock | — | — | — | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | -28.00K | 3.73M | 7.82M | -2.78M | -4.74M | -164.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (TOI CIK 0001799191),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.