vs

Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and Oncology Institute, Inc. (TOI). Click either name above to swap in a different company.

Oncology Institute, Inc. is the larger business by last-quarter revenue ($142.0M vs $73.9M, roughly 1.9× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -5.3%, a 32.1% gap on every dollar of revenue. On growth, Oncology Institute, Inc. posted the faster year-over-year revenue change (41.6% vs 17.3%). Oncology Institute, Inc. produced more free cash flow last quarter ($2.2M vs $-12.0M). Over the past eight quarters, Oncology Institute, Inc.'s revenue compounded faster (22.5% CAGR vs 6.6%).

Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.

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.

KPLT vs TOI — Head-to-Head

Bigger by revenue
TOI
TOI
1.9× larger
TOI
$142.0M
$73.9M
KPLT
Growing faster (revenue YoY)
TOI
TOI
+24.2% gap
TOI
41.6%
17.3%
KPLT
Higher net margin
KPLT
KPLT
32.1% more per $
KPLT
26.8%
-5.3%
TOI
More free cash flow
TOI
TOI
$14.1M more FCF
TOI
$2.2M
$-12.0M
KPLT
Faster 2-yr revenue CAGR
TOI
TOI
Annualised
TOI
22.5%
6.6%
KPLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KPLT
KPLT
TOI
TOI
Revenue
$73.9M
$142.0M
Net Profit
$19.8M
$-7.5M
Gross Margin
15.6%
Operating Margin
-1.4%
-4.9%
Net Margin
26.8%
-5.3%
Revenue YoY
17.3%
41.6%
Net Profit YoY
307.3%
43.0%
EPS (diluted)
$3.69
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KPLT
KPLT
TOI
TOI
Q4 25
$73.9M
$142.0M
Q3 25
$74.0M
$136.6M
Q2 25
$71.9M
$119.8M
Q1 25
$71.9M
$104.4M
Q4 24
$63.0M
$100.3M
Q3 24
$60.3M
$99.9M
Q2 24
$58.9M
$98.6M
Q1 24
$65.1M
$94.7M
Net Profit
KPLT
KPLT
TOI
TOI
Q4 25
$19.8M
$-7.5M
Q3 25
$-4.9M
$-16.5M
Q2 25
$-7.8M
$-17.0M
Q1 25
$-5.7M
$-19.6M
Q4 24
$-9.6M
$-13.2M
Q3 24
$-8.9M
$-16.1M
Q2 24
$-6.9M
$-15.5M
Q1 24
$-570.0K
$-19.9M
Gross Margin
KPLT
KPLT
TOI
TOI
Q4 25
15.6%
Q3 25
19.7%
Q2 25
15.5%
Q1 25
19.9%
Q4 24
11.8%
Q3 24
19.8%
Q2 24
16.9%
Q1 24
25.3%
Operating Margin
KPLT
KPLT
TOI
TOI
Q4 25
-1.4%
-4.9%
Q3 25
3.3%
-5.9%
Q2 25
-2.0%
-9.4%
Q1 25
-0.7%
-9.5%
Q4 24
-7.7%
-11.9%
Q3 24
-7.4%
-13.9%
Q2 24
-4.5%
-16.6%
Q1 24
5.8%
-19.0%
Net Margin
KPLT
KPLT
TOI
TOI
Q4 25
26.8%
-5.3%
Q3 25
-6.7%
-12.1%
Q2 25
-10.9%
-14.2%
Q1 25
-7.9%
-18.8%
Q4 24
-15.2%
-13.1%
Q3 24
-14.7%
-16.1%
Q2 24
-11.7%
-15.7%
Q1 24
-0.9%
-21.0%
EPS (diluted)
KPLT
KPLT
TOI
TOI
Q4 25
$3.69
$-0.04
Q3 25
$-0.94
$-0.14
Q2 25
$-1.63
$-0.15
Q1 25
$-1.23
$-0.21
Q4 24
$-2.17
$-0.14
Q3 24
$-2.05
$-0.18
Q2 24
$-1.61
$-0.17
Q1 24
$-0.13
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KPLT
KPLT
TOI
TOI
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.1M
$-15.7M
Total Assets
$107.9M
$164.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
TOI
TOI
Q4 25
$22.4M
Q3 25
$3.4M
Q2 25
$3.7M
Q1 25
$6.0M
Q4 24
$3.5M
Q3 24
$25.9M
Q2 24
$33.7M
$9.9M
Q1 24
$31.2M
$29.8M
Stockholders' Equity
KPLT
KPLT
TOI
TOI
Q4 25
$-38.1M
$-15.7M
Q3 25
$-58.4M
$-12.3M
Q2 25
$-54.1M
$-9.0M
Q1 25
$-51.7M
$5.1M
Q4 24
$-46.8M
$3.6M
Q3 24
$-40.3M
$15.5M
Q2 24
$-32.9M
$29.2M
Q1 24
$-27.5M
$41.3M
Total Assets
KPLT
KPLT
TOI
TOI
Q4 25
$107.9M
$164.7M
Q3 25
$85.9M
$163.6M
Q2 25
$90.6M
$159.8M
Q1 25
$88.5M
$164.0M
Q4 24
$93.2M
$172.7M
Q3 24
$92.0M
$179.2M
Q2 24
$106.6M
$179.6M
Q1 24
$106.6M
$204.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KPLT
KPLT
TOI
TOI
Operating Cash FlowLast quarter
$-11.9M
$3.2M
Free Cash FlowOCF − Capex
$-12.0M
$2.2M
FCF MarginFCF / Revenue
-16.2%
1.5%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
-0.60×
TTM Free Cash FlowTrailing 4 quarters
$-27.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
TOI
TOI
Q4 25
$-11.9M
$3.2M
Q3 25
$4.0M
$-12.6M
Q2 25
$-6.6M
$-10.2M
Q1 25
$3.4M
$-5.0M
Q4 24
$-32.6M
$4.2M
Q3 24
$-5.4M
$819.0K
Q2 24
$-628.0K
$-15.7M
Q1 24
$2.0M
$-15.9M
Free Cash Flow
KPLT
KPLT
TOI
TOI
Q4 25
$-12.0M
$2.2M
Q3 25
$4.0M
$-13.2M
Q2 25
$-11.4M
Q1 25
$3.4M
$-5.3M
Q4 24
$-32.6M
$2.4M
Q3 24
$-5.4M
$417.0K
Q2 24
$-653.0K
$-17.5M
Q1 24
$-16.5M
FCF Margin
KPLT
KPLT
TOI
TOI
Q4 25
-16.2%
1.5%
Q3 25
5.4%
-9.7%
Q2 25
-9.5%
Q1 25
4.7%
-5.1%
Q4 24
-51.8%
2.4%
Q3 24
-9.0%
0.4%
Q2 24
-1.1%
-17.7%
Q1 24
-17.4%
Capex Intensity
KPLT
KPLT
TOI
TOI
Q4 25
0.0%
0.7%
Q3 25
0.0%
0.4%
Q2 25
0.0%
1.0%
Q1 25
0.0%
0.3%
Q4 24
0.1%
1.8%
Q3 24
0.0%
0.4%
Q2 24
0.0%
1.9%
Q1 24
0.0%
0.6%
Cash Conversion
KPLT
KPLT
TOI
TOI
Q4 25
-0.60×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KPLT
KPLT

Segment breakdown not available.

TOI
TOI

Other$82.1M58%
Fee For Service$36.3M26%
Capitated Revenue$23.6M17%

Related Comparisons