The Oncology Institute, Inc. (TOI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 147.44M | 141.96M | 136.56M | 119.8M | 104.41M | 100.27M | 99.9M | 98.58M | 94.67M | 85.79M | 82.03M | 80.22M | 76.19M | 71.42M | 64.98M | 60.92M | 55.16M | 52.3M | 52.27M | 49.84M |
| Revenue Growth % | 41.22% | 41.58% | 36.7% | 21.53% | 10.29% | 16.88% | 21.78% | 22.88% | 24.25% | 20.11% | 26.25% | 31.69% | 38.13% | 36.56% | 24.3% | 22.22% | 13.55% | 6.82% | 10.64% | 5.42% |
| Cost of Goods Sold | 125.74M | 119.19M | 117.64M | 102.3M | 87.16M | 85.63M | 85.53M | 85.55M | 82.7M | 71.41M | 66.06M | 65.11M | 62.09M | 55.8M | 51.98M | 49.78M | 42.84M | 43.97M | 40.85M | 38.95M |
| COGS % of Revenue | 85.28% | 83.96% | 86.15% | 85.39% | 83.48% | 85.4% | 85.62% | 86.79% | 87.36% | 83.24% | 80.52% | 81.16% | 81.5% | 78.12% | 79.99% | 81.71% | 77.66% | 84.07% | 78.15% | 78.15% |
| Gross Profit | 21.7M | 22.77M | 18.92M | 17.5M | 17.25M | 14.64M | 14.37M | 13.03M | 11.97M | 14.38M | 15.98M | 15.12M | 14.1M | 15.63M | 13M | 11.14M | 12.32M | 8.33M | 11.42M | 10.89M |
| Gross Margin % | 14.72% | 16.04% | 13.85% | 14.61% | 16.52% | 14.6% | 14.38% | 13.21% | 12.64% | 16.76% | 19.48% | 18.84% | 18.5% | 21.88% | 20.01% | 18.29% | 22.34% | 15.93% | 21.85% | 21.85% |
| Gross Profit Growth % | 25.8% | 55.54% | 31.7% | 34.35% | 44.11% | 1.79% | -10.09% | -13.83% | -15.11% | -8% | 22.91% | 35.68% | 14.42% | 87.56% | 13.81% | 2.31% | 20.78% | -17.11% | 19.32% | 14.77% |
| Operating Expenses | 28.21M | 29.67M | 26.97M | 28.71M | 27.16M | 26.57M | 28.22M | 29.39M | 29.94M | 29.67M | 29.9M | 30.05M | 46.97M | 40.71M | 33.1M | 29.45M | 30.79M | 49.16M | 13.58M | 12.01M |
| OpEx % of Revenue | 19.13% | 20.9% | 19.75% | 23.97% | 26.01% | 26.49% | 28.25% | 29.81% | 31.63% | 34.58% | 36.45% | 37.46% | 61.64% | 56.99% | 50.94% | 48.33% | 55.82% | 94% | 25.98% | 24.09% |
| Selling, General & Admin | 28.21M | 28.04M | 25.25M | 0 | 25.38M | 24.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.96M | 28.35M | 29.81M | 48.24M | 12.73M | 11.21M |
| SG&A % of Revenue | 19.13% | 19.75% | 18.49% | - | 24.31% | 24.79% | - | - | - | - | - | - | - | - | 49.19% | 46.53% | 54.03% | 92.24% | 24.35% | 22.49% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 987K | 920K | 850K | 794K |
| Operating Income | -6.51M | -6.91M | -8.05M | -11.21M | -9.91M | -11.93M | -13.85M | -16.36M | -17.97M | -15.29M | -13.93M | -14.94M | -32.87M | -25.08M | -20.1M | -18.3M | -18.47M | -40.83M | -2.16M | -1.12M |
| Operating Margin % | -4.42% | -4.87% | -5.9% | -9.36% | -9.49% | -11.9% | -13.87% | -16.6% | -18.98% | -17.82% | -16.97% | -18.62% | -43.14% | -35.11% | -30.93% | -30.05% | -33.49% | -78.07% | -4.13% | -2.24% |
| Operating Income Growth % | 34.29% | 42.1% | 41.86% | 31.49% | 44.85% | 21.97% | 0.52% | -9.55% | 45.32% | 39.04% | 30.71% | 18.39% | -77.94% | 38.58% | -831.71% | -1540.14% | -953.68% | -719.43% | -203.28% | -898.75% |
| EBITDA | -4.9M | -5.28M | -6.33M | -9.41M | -8.13M | -10.22M | -12.28M | -14.85M | -16.48M | -13.71M | -12.23M | -13.61M | -31.6M | -23.89M | -18.96M | -17.21M | -17.48M | -39.91M | -1.31M | -322K |
| EBITDA Margin % | -3.32% | -3.72% | -4.64% | -7.85% | -7.78% | -10.19% | -12.29% | -15.06% | -17.41% | -15.98% | -14.9% | -16.96% | -41.47% | -33.44% | -29.18% | -28.24% | -31.7% | -76.31% | -2.5% | -0.65% |
| EBITDA Growth % | 39.74% | 48.4% | 48.44% | 36.64% | 50.69% | 25.45% | -0.43% | -9.09% | 47.84% | 42.6% | 35.52% | 20.91% | -80.73% | 40.15% | -1350.88% | -5243.48% | -1691.39% | -851.87% | -1708.67% | -134.22% |
| D&A (Non-Cash Add-back) | 1.62M | 1.63M | 1.72M | 1.8M | 1.78M | 1.71M | 1.57M | 1.52M | 1.49M | 1.58M | 1.7M | 1.33M | 1.27M | 1.19M | 1.13M | 1.1M | 987K | 920K | 850K | 794K |
| EBIT | -6.51M | -5.59M | -14.58M | -11.21M | -14.02M | -12.01M | -13.85M | -16.36M | -17.97M | -15.4M | -13.88M | -14.88M | -16M | -15.83M | -1.2M | -5.42M | 19.54M | -12.56M | -2.1M | 4.07M |
| Net Interest Income | -1.93M | -1.92M | -1.92M | -1.87M | -5.57M | -1.17M | -2.23M | -2.12M | -1.99M | -1.94M | -1.75M | -1.64M | -1.44M | -2.45M | -1.5M | -61K | -74K | -60K | -78K | -81K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 940K | 1.03M | 1.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.93M | 1.92M | 1.92M | 1.87M | 5.57M | 1.17M | 2.23M | 2.12M | 1.99M | 1.94M | 2.69M | 2.67M | 2.65M | 2.45M | 1.5M | 61K | 74K | 60K | 78K | 81K |
| Other Income/Expense | 4.02M | -601K | -8.45M | -5.93M | -9.67M | -1.25M | -2.26M | 885K | -1.92M | -3.78M | -3.36M | -1.86M | 2.91M | 13.71M | 17.4M | 12.82M | 37.94M | 28.21M | -24K | 5.1M |
| Pretax Income | -2.49M | -7.51M | -16.5M | -17.14M | -19.59M | -13.18M | -16.11M | -15.48M | -19.89M | -19.07M | -17.28M | -16.8M | -29.95M | -11.37M | -2.7M | -5.49M | 19.47M | -12.62M | -2.18M | 3.98M |
| Pretax Margin % | -1.69% | -5.29% | -12.09% | -14.31% | -18.76% | -13.15% | -16.13% | -15.7% | -21.01% | -22.23% | -21.07% | -20.94% | -39.31% | -15.92% | -4.15% | -9% | 35.29% | -24.14% | -4.17% | 7.99% |
| Income Tax | 0 | 0 | 0 | -131K | 0 | 0 | 0 | 0 | 0 | -314K | 135K | 99K | 44K | -367K | -24K | -32K | 180K | -2.47M | 799K | 780K |
| Effective Tax Rate % | 0% | 0% | 0% | 0.76% | 0% | 0% | 0% | 0% | 0% | 1.65% | -0.78% | -0.59% | -0.15% | 3.23% | 0.89% | 0.58% | 0.92% | 19.55% | -36.63% | 19.57% |
| Net Income | -2.49M | -7.51M | -16.5M | -17.01M | -19.59M | -13.18M | -16.11M | -15.48M | -19.89M | -18.75M | -17.42M | -16.9M | -30M | -11.01M | -2.67M | -5.45M | 19.29M | -10.16M | -2.98M | 3.21M |
| Net Margin % | -1.69% | -5.29% | -12.09% | -14.2% | -18.76% | -13.15% | -16.13% | -15.7% | -21.01% | -21.86% | -21.23% | -21.06% | -39.37% | -15.41% | -4.12% | -8.95% | 34.96% | -19.42% | -5.7% | 6.43% |
| Net Income Growth % | 87.28% | 43.04% | -2.43% | -9.88% | 1.53% | 29.71% | 7.5% | 8.39% | 33.7% | -70.38% | -551.42% | -209.87% | -255.54% | -8.38% | 10.27% | -270.14% | 2036.35% | -110.75% | -340.86% | 214.77% |
| Net Income (Continuing) | -2.49M | -7.51M | -16.5M | -17.01M | -19.59M | -13.18M | -16.11M | -15.48M | -19.89M | -18.75M | -17.42M | -16.9M | -30M | -11.01M | -2.67M | -5.45M | 19.29M | -10.16M | -2.98M | 3.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.02 | -0.04 | -0.14 | -0.15 | -0.21 | -0.14 | -0.18 | -0.17 | -0.22 | -0.21 | -0.19 | -0.23 | -0.41 | -0.11 | -0.03 | -0.07 | 0.21 | -0.15 | -0.04 | 0.05 |
| EPS Growth % | 90.48% | 71.43% | 22.22% | 11.76% | 4.55% | 33.33% | 5.26% | 26.09% | 46.34% | -90.91% | -465.48% | -207.9% | -295.24% | 26.67% | 16% | -249.4% | 1490.73% | 50% | 52.44% | 224.68% |
| EPS (Basic) | -0.02 | -0.04 | -0.14 | -0.15 | -0.21 | -0.14 | -0.18 | -0.17 | -0.22 | -0.21 | -0.19 | -0.23 | -0.41 | -0.13 | -0.03 | -0.07 | 0.22 | -0.15 | -0.04 | 0.05 |
| Diluted Shares Outstanding | 1.02B | 1.01B | 974.75M | 932.04M | 77.1M | 75.66M | 75.52M | 74.75M | 74.23M | 73.47M | 73.47M | 74.12M | 73.45M | 85.59M | 79.58M | 73M | 76.25M | 69.95M | 74.59M | 66.02M |
| Basic Shares Outstanding | 1.02B | 1.01B | 974.75M | 932.04M | 77.1M | 75.66M | 75.52M | 74.75M | 74.23M | 73.47M | 73.47M | 74.12M | 73.45M | 72.75M | 79.58M | 73M | 73.25M | 69.95M | 74.59M | 66.02M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |