NASDAQ$TOI

Oncology Institute Inc/The · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

The Oncology Institute reported Q1 2026 total operating revenue of $147.4M (+41% YoY) with a net loss of $2.5M, or $0.02 per share.

For the quarter ended March 31, 2026, TOI reported total operating revenue of $147.4 million, up from $104.4 million a year ago, driven by patient services growth. Net loss narrowed to $2.5 million, or $0.02 per diluted share, from $19.6 million in Q1 2025. Loss from operations improved to $6.5 million.

  • Total operating revenue of $147.4M (+41% YoY); patient services $59.1M.
  • Net loss narrowed to $2.5M from $19.6M; EPS $(0.02) versus $(0.21).
  • Loss from operations of $6.5M improved versus $9.9M a year ago.
  • Cash of $30.3M at quarter end.

Headline financials

Total Revenue

$147M

Previous: $104M+41.2%
EPS (adj)

-$0.02

Previous: -$0.21+90.5%
Capital Expenditures

-$1.04M

Previous: -$328K-217.7%
Net Income

-$2.49M

Previous: -$19.6M+87.3%
Operating Income

-$6.51M

Previous: -$9.91M+34.3%

Revenue & EPS history

Oncology Institute · Revenue · Quarterly

$147M

Q1 2026+41.2%vs Q1 2025
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Oncology Institute · $82M total across 3 segments · Q3 2023

  • Patient Services
    $53.6M+20.2%
  • Dispensary
    $26.8M+42.2%
  • Clinical Trials & Other
    $1.61M

Forward guidance

Management discusses clinic expansion and value-based care contracts without specific quarterly EPS targets in the filing.

Tailwinds

  • Strong revenue growth and materially narrower net loss.
  • Operating loss improvement year over year.

Headwinds

  • Still reporting a net loss; path to profitability depends on scale and payer mix.
  • Preferred stock and capital structure complexity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.6%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+8.0%

Avg return

30 days after

62%

13 / 21 earnings

Positive

+28.9%

Q3 2025

Best reaction

-23.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.8%+5.8%+27.9%
Q4 2025+8.4%+37.4%+17.6%
Q3 2025+28.9%+6.2%+22.7%
Q1 2025+28.3%+17.3%+4.2%
Q4 2024+24.5%+14.5%+189.2%
Q3 2024-23.4%-43.8%-5.1%
Q2 2024-20.4%-11.1%-26.9%
Q1 2024+3.6%-26.5%-46.6%
Q4 2023+8.9%-7.7%-32.0%
Q3 2023+5.7%+46.6%-27.6%
Q2 2023-10.1%-13.3%+28.3%
Q1 2023+4.2%-6.3%+29.2%
Q4 2022+1.9%-5.8%-30.6%
Q3 2022-4.3%-35.5%-66.4%
Q2 2022+0.6%-1.2%-9.6%
Q1 2022-14.7%-11.8%-6.5%
Q2 2021+10.3%+31.4%+48.1%
Q4 2020+10.3%+31.4%+48.1%
Q4 2021-14.6%+18.5%+26.5%
Q3 2021+0.0%+10.0%-23.6%
Q1 2021-0.2%+1.0%+0.7%

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