Oncology Institute, Inc.TOIEarnings & Financial Report
Oncology Institute, Inc. is a specialized healthcare enterprise focused on delivering patient-centric, evidence-based oncology care services, including advanced treatment regimens, clinical trial access, and supportive care programs. It primarily operates across the United States, serving patients with diverse cancer diagnoses and partnering with care teams to improve treatment outcomes.
TOI Q4 2025 Key Financial Metrics
Revenue
$142.0M
Gross Profit
N/A
Operating Profit
$-6.9M
Net Profit
$-7.5M
Gross Margin
N/A
Operating Margin
-4.9%
Net Margin
-5.3%
YoY Growth
41.6%
EPS
$-0.04
Financial Flow
Oncology Institute, Inc. Q4 2025 Financial Summary
Oncology Institute, Inc. reported revenue of $142.0M (up 41.6% YoY) for Q4 2025, with a net profit of $-7.5M (up 43.0% YoY) (-5.3% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $142.0M |
|---|---|
| Net Profit | $-7.5M |
| Gross Margin | N/A |
| Operating Margin | -4.9% |
| Report Period | Q4 2025 |
Revenue Breakdown
Oncology Institute, Inc. Q4 2025 revenue of $142.0M breaks down across 3 segments, led by Other at $82.1M (57.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $82.1M | 57.8% |
| Fee For Service | $36.3M | 25.5% |
| Capitated Revenue | $23.6M | 16.6% |
Oncology Institute, Inc. Revenue by Segment — Quarterly Trend
Oncology Institute, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Fee For Service) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Other | $82.1M | — | — | — |
| Fee For Service | $36.3M | $39.6M | $37.0M | $35.6M |
| Capitated Revenue | $23.6M | $20.6M | $18.8M | $17.5M |
Oncology Institute, Inc. Annual Revenue by Year
Oncology Institute, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $502.7M). Click any linked year to see what changed vs the prior annual report.
Oncology Institute, Inc. Quarterly Revenue & Net Profit History
Oncology Institute, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $142.0M | +41.6% | $-7.5M | -5.3% |
| Q3 2025 | $136.6M | +36.7% | $-16.5M | -12.1% |
| Q2 2025 | $119.8M | +21.5% | $-17.0M | -14.2% |
| Q1 2025 | $104.4M | +10.3% | $-19.6M | -18.8% |
| Q4 2024 | $100.3M | +16.9% | $-13.2M | -13.1% |
| Q3 2024 | $99.9M | +21.8% | $-16.1M | -16.1% |
| Q2 2024 | $98.6M | +22.9% | $-15.5M | -15.7% |
| Q1 2024 | $94.7M | +24.2% | $-19.9M | -21.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $94.7M | $98.6M | $99.9M | $100.3M | $104.4M | $119.8M | $136.6M | $142.0M |
| YoY Growth | 24.2% | 22.9% | 21.8% | 16.9% | 10.3% | 21.5% | 36.7% | 41.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $204.5M | $179.6M | $179.2M | $172.7M | $164.0M | $159.8M | $163.6M | $164.7M |
| Liabilities | $163.2M | $150.4M | $163.7M | $169.1M | $158.9M | $168.8M | $175.9M | $180.4M |
| Equity | $41.3M | $29.2M | $15.5M | $3.6M | $5.1M | $-9.0M | $-12.3M | $-15.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-15.9M | $-15.7M | $819000 | $4.2M | $-5.0M | $-10.2M | $-12.6M | $3.2M |