← Back to daily list

TOI · Oncology Institute, Inc.

The Oncology Institute, Inc., an oncology company, provides various oncology services in the United States. It operates through three segments: Specialty pharmacy, Patient Services, and Clinical Trials & Other. The company offers physician services, in-house infusion, in-house specialty pharmacy, clinical trials, radiation therapy, and outpatient blood product transfusion services, as well as educational seminars, support groups, counseling services, and 24/7 patient assistance and support services. It also manages clinical trials and palliative care programs; operates combined community clinics and infusion suites; and operates a specialty pharmacy that includes both in-office and mail-order dispensing for complementary oral and self-injectable medications taken by patients concurrent with their in-office cancer therapies. It serves adult and senior cancer patients. The Oncology Institute, Inc. was founded in 2007 and is headquartered in Cerritos, California.

Cap structure and valuation

Cap structure
SP$5.72
SO100.0M
Options3.9M
Warrants16.2M
FD SO120.1M
MC$687.1M
Cash$30.3M
Total debt$78.7M
EV$735.5M
TTM Multiples
EV / Revenue1.3x
EV / EBITDA
MC / Net Income
EV / FCF
MC / FCF
Ownership & coverage
Institutional45.8%
Insiders18.2%
# Institutions150
Analysts5
ConsensusStrong Buy
Avg target$8.40
Short % float7.8%
Days to cover3.35

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-04-30. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

Financial statements

LTM12/31/2512/31/2412/31/2312/31/22
Total Revenue 545.76502.73393.41324.24252.48
Revenue YoY % 8.6%27.8%21.3%28.4%
Gross Profit 75.7269.4947.7136.8337.74
Gross Profit YoY % 9.0%45.7%29.5%(2.4%)
Gross Margin % 13.9%13.8%12.1%11.4%14.9%
SG&A 108.41105.57107.83113.85119.69
Operating Income (32.69)(36.08)(60.12)(77.02)(81.95)
Operating Income YoY % 9.4%40.0%21.9%6.0%
Operating Margin % (6.0%)(7.2%)(15.3%)(23.8%)(32.5%)
EBITDA (25.91)(29.14)(53.83)(71.14)(77.54)
EBITDA Margin % (4.7%)(5.8%)(13.7%)(21.9%)(30.7%)
Interest Expense 7.6411.287.506.78(4.08)
Other Income / (Expense) (3.32)(13.38)2.950.6977.78
Pretax Income (43.64)(60.74)(64.66)(83.10)(0.09)
Tax Provision (0.13)(0.13)0.00(0.04)(0.24)
Net Income (43.51)(60.61)(64.66)(83.07)0.15
Net Margin % (8.0%)(12.1%)(16.4%)(25.6%)0.1%
Diluted EPS -$0.36-$0.54-$0.71-$0.92-$0.21
Basic EPS -$0.36-$0.54-$0.71-$0.92$0.00
Diluted Avg Shares 101.892.475.073.780.6
Basic Avg Shares 101.892.475.073.772.8

Insider activity (last 2 years)

Date Filed Reporter Relationship Trans. Date Code Shares Price Total Value
2026-06-24 Chernett Jorey 10% Owner 2026-06-23 P 18,000 $5.02 $90,360
2026-06-09 Podnos Yale Officer (Chief Medical Officer) 2026-06-08 S (23,451) $5.38 -$126,094
2026-06-05 Chernett Jorey 10% Owner 2026-06-04 P 12,000 $4.75 $57,000
2026-05-22 Podnos Yale Officer (Chief Medical Officer) 2026-05-21 J (1,805) $4.47 -$8,068
2026-05-22 Virnich Daniel Officer (Chief Executive Officer) 2026-05-21 J (23,058) $4.47 -$103,069
2026-05-22 Carter Robert Ross Officer (Chief Financial Officer) 2026-05-21 J (1,604) $4.47 -$7,170
2026-05-21 Chernett Jorey 10% Owner 2026-05-20 P 33,500 $4.07 $136,345
2026-05-21 Chernett Jorey 10% Owner 2026-05-19 P 5,000 $4.05 $20,250
2026-05-20 Chernett Jorey 10% Owner 2026-05-19 P 30,000 $4.09 $122,700
2026-04-16 Kaushal Mohit Director 2026-04-16 S (38,433) $3.50 -$134,535
2026-04-16 Kaushal Mohit Director 2026-04-14 S (57,286) $3.50 -$200,598
2026-04-13 Chernett Jorey 10% Owner 2026-04-09 P 20,000 $3.10 $62,000
2026-04-01 Langsam Jeffrey Officer (Chief Clinical Officer) 2026-03-27 A 70,270 $0
2026-04-01 England Kristin Officer (Chief Administrative Officer) 2026-03-27 A 55,743 $0
2026-04-01 Podnos Yale Officer (Chief Medical Officer) 2026-03-27 A 66,446 $0
2026-04-01 Podnos Yale Officer (Chief Medical Officer) 2026-03-27 J (16,173) $3.07 -$49,651
2026-04-01 Carter Robert Ross Officer (Chief Financial Officer) 2026-03-27 A (202,914) $-0
2026-04-01 Carter Robert Ross Officer (Chief Financial Officer) 2026-03-27 J (20,320) $3.07 -$62,382
2026-04-01 Virnich Daniel Officer (Chief Executive Officer) 2026-03-27 A (670,608) $-0
2026-04-01 Virnich Daniel Officer (Chief Executive Officer) 2026-03-27 J (98,534) $3.07 -$302,499
2026-03-30 Chernett Jorey 10% Owner 2026-03-27 P 27,429 $2.96 $81,190
2026-03-27 Chernett Jorey 10% Owner 2026-03-26 P 50,000 $3.15 $157,500
2026-03-25 Chernett Jorey 10% Owner 2026-03-24 P 125,000 $3.11 $388,750
2026-03-23 Chernett Jorey 10% Owner 2026-03-20 P 25,000 $3.35 $83,750
2026-03-18 Virnich Daniel Officer (Chief Executive Officer) 2026-03-17 J (11,834) $3.59 -$42,484
2026-03-18 Carter Robert Ross Officer (Chief Financial Officer) 2026-03-17 J (1,314) $3.59 -$4,717
2026-03-18 Podnos Yale Officer (Chief Medical Officer) 2026-03-17 J (3,420) $3.59 -$12,278
2026-03-17 Chernett Jorey 10% Owner 2026-03-17 P 75,000 $3.42 $256,500
2026-03-17 Chernett Jorey 10% Owner 2026-03-16 P 60,985 $3.29 $200,641
2026-03-17 Chernett Jorey 10% Owner 2026-03-13 P 263,000 $2.92 $767,960
2026-01-06 Carter Robert Ross Officer (Chief Financial Officer) 2026-01-02 J (244) $3.67 -$895
2026-01-05 Carter Robert Ross Officer (Chief Financial Officer) 2026-01-02 S (247) $3.56 -$879
2025-12-16 Hively Brad Director 2025-12-15 S (13,333) $3.77 -$50,291
2025-11-24 McGeorge Anne Director 2025-11-20 A 67,901 $0
2025-11-24 McGeorge Anne Director 2025-11-20 A 40,123 $0
2025-11-24 Kaushal Mohit Director 2025-11-20 A 50,926 $0
2025-11-24 Kaushal Mohit Director 2025-11-20 A 40,123 $0
2025-11-24 Ling Gabriel Director 2025-11-20 A 46,296 $0
2025-11-24 Ling Gabriel Director 2025-11-20 A 37,037 $0
2025-11-24 Johnson Karen Marie Director 2025-11-20 A 47,840 $0
2025-11-24 Johnson Karen Marie Director 2025-11-20 A 37,037 $0
2025-11-24 Pacala Mark L Director 2025-11-20 A 46,296 $0
2025-11-24 Pacala Mark L Director 2025-11-20 A 35,494 $0
2025-11-24 Hively Brad Director 2025-11-20 A 41,667 $0
2025-11-24 Hively Brad Director 2025-11-20 A 32,407 $0
2025-11-20 Pacala Mark L Director 2025-11-18 S (2,160) $4.00 -$8,640
2025-11-20 Pacala Mark L Director 2025-11-18 S (1,210) $4.00 -$4,840
2025-11-20 Pacala Mark L Director 2025-11-18 S (46,630) $4.00 -$186,520
2025-11-20 Ling Gabriel Director 2025-11-18 J 141,149 $0
2025-11-20 M33 Growth I L.P. Director 2025-11-18 J (590,892) $-0
2025-11-20 M33 Growth I L.P. Director 2025-11-18 J 11,818 $0
2025-11-20 M33 Growth I L.P. Director 2025-11-18 J (2,500,000) $-0
2025-11-19 Virnich Daniel Officer (Chief Executive Officer) 2025-11-17 A 6,464 $0
2025-11-19 Podnos Yale Officer (Chief Medical Officer) 2025-11-17 A 2,086 $0
2025-11-19 Carter Robert Ross Officer (Chief Financial Officer) 2025-11-17 A 195 $0
2025-11-14 Virnich Daniel Officer (Chief Executive Officer) 2025-11-12 A 6,211 $0
2025-11-14 Podnos Yale Officer (Chief Medical Officer) 2025-11-12 A 306 $0
2025-11-14 Podnos Yale Officer (Chief Medical Officer) 2025-11-12 A 1,202 $0
2025-09-05 M33 Growth I L.P. Director, 10% Owner 2025-09-04 S (6,018,168) $3.09 -$18,596,139
2025-09-05 M33 Growth I L.P. Director, 10% Owner 2025-09-04 S (681,832) $3.09 -$2,106,861
2025-08-21 Hively Brad Director 2025-08-19 S (20,221) $4.06 -$82,097
2025-07-28 BARASCH RICHARD A Director 2025-07-24 J (287,756) $-0
2025-07-24 England Kristin Officer (Chief Administrative Officer) 2025-07-22 A 98,037 $0
2025-06-24 BARASCH RICHARD A Director 2025-06-17 X 679,224 $1.20 $813,710
2025-06-24 BARASCH RICHARD A Director 2025-06-17 F (311,128) $2.62 -$813,724
2025-06-24 BARASCH RICHARD A Director 2025-06-17 X (679,224) $-0
2025-06-20 BARASCH RICHARD A Director 2025-06-18 C 620,400 $0
2025-06-20 BARASCH RICHARD A Director 2025-06-18 C (6,204) $-0
2025-06-20 BARASCH RICHARD A Director 2025-06-17 C 159,500 $0
2025-06-20 BARASCH RICHARD A Director 2025-06-17 C (1,595) $-0
2025-06-09 M33 Growth I L.P. Director, 10% Owner 2025-06-05 S (673,676) $3.05 -$2,054,712
2025-06-09 M33 Growth I L.P. Director, 10% Owner 2025-06-05 S (76,324) $3.05 -$232,788
2025-06-05 Hively Brad Director 2025-06-03 M 684,528 $0.85 $581,849
2025-06-05 Hively Brad Director 2025-06-03 M 105,320 $0.48 $50,659
2025-06-05 Hively Brad Director 2025-06-03 M 131,297 $1.87 $245,525
2025-06-05 Hively Brad Director 2025-06-03 M 946,460 $0.85 $804,491
2025-06-05 Hively Brad Director 2025-06-03 S (1,867,605) $2.87 -$5,360,587
2025-06-05 Hively Brad Director 2025-06-03 S (108,532) $2.87 -$311,519
2025-06-05 Hively Brad Director 2025-06-03 M 684,528 $0
2025-06-05 Hively Brad Director 2025-06-03 M 105,320 $0
2025-06-05 Hively Brad Director 2025-06-03 M 131,297 $0
2025-06-05 Hively Brad Director 2025-06-03 M 946,460 $0
2025-05-23 Langsam Jeffrey Officer (Chief Clinical Officer) 2025-05-21 A 57,380 $0
2025-05-22 Virnich Daniel Officer (Chief Executive Officer) 2025-05-21 D (20,388) $2.67 -$54,538
2025-05-22 Podnos Yale Officer (Chief Medical Officer) 2025-05-21 D (1,801) $2.67 -$4,818
2025-05-22 Carter Robert Ross Officer (Chief Financial Officer) 2025-05-21 D (1,601) $2.67 -$4,283
2025-05-22 Castle Jeremy Officer (Chief Operating Officer) 2025-05-21 D (5,636) $2.67 -$15,076
2025-05-22 M33 Growth I L.P. Director, 10% Owner 2025-05-20 S (1,796,468) $2.71 -$4,873,638
2025-05-22 M33 Growth I L.P. Director, 10% Owner 2025-05-20 S (203,532) $2.71 -$552,162
2025-04-28 Hively Brad Director 2025-03-26 P 45,280 $1.04 $47,168
2025-04-28 Hively Brad Director 2025-03-26 P 22,640 $0.12 $2,830
2025-04-02 Podnos Yale Officer (Chief Medical Officer) 2025-03-31 A 157,088 $0
2025-04-02 Carter Robert Ross Officer (Chief Financial Officer) 2025-03-31 A 197,368 $0
2025-04-02 Castle Jeremy Officer (Chief Operating Officer) 2025-03-31 A 162,281 $0
2025-04-02 Virnich Daniel Officer (Chief Executive Officer) 2025-03-31 A 1,083,334 $0
2025-03-28 M33 Growth I L.P. Director, 10% Owner 2025-03-26 A 2,716,898 $1.04 $2,830,193
2025-03-28 M33 Growth I L.P. Director, 10% Owner 2025-03-26 A 1,358,449 $0.12 $169,806
2025-03-28 Virnich Daniel Officer (Chief Executive Officer) 2025-03-26 P 22,640 $1.04 $23,584
2025-03-28 Virnich Daniel Officer (Chief Executive Officer) 2025-03-26 P 11,320 $0.12 $1,415
2025-03-28 Podnos Yale Officer (Chief Medical Officer) 2025-03-26 P 9,056 $1.04 $9,434
2025-03-28 Podnos Yale Officer (Chief Medical Officer) 2025-03-26 P 4,528 $0.12 $566
2025-03-28 Pacala Mark L Director 2025-03-26 P 90,562 $1.04 $94,338
2025-03-28 Pacala Mark L Director 2025-03-26 P 42,281 $0.12 $5,285
2025-03-28 Johnson Karen Marie Director 2025-03-26 P 36,224 $1.04 $37,735
2025-03-28 Johnson Karen Marie Director 2025-03-26 P 18,112 $0.12 $2,264
2025-03-28 Hively Brad Director 2025-03-26 P 9,056 $1.04 $9,434
2025-03-28 Hively Brad Director 2025-03-26 P 4,528 $0.12 $566
2025-03-28 Castle Jeremy Officer (Chief Operating Officer) 2025-03-26 P 9,056 $1.04 $9,434
2025-03-28 Castle Jeremy Officer (Chief Operating Officer) 2025-03-26 P 4,528 $0.12 $566
2025-03-28 Carter Robert Ross Officer (Chief Financial Officer) 2025-03-26 P 9,056 $1.04 $9,434
2025-03-28 Carter Robert Ross Officer (Chief Financial Officer) 2025-03-26 P 4,528 $0.12 $566
2025-03-28 BARASCH RICHARD A Director 2025-03-26 P 1,358,448 $1.04 $1,415,095
2025-03-28 BARASCH RICHARD A Director 2025-03-26 P 679,224 $0.12 $84,903
2025-03-20 Virnich Daniel Officer (Chief Executive Officer) 2025-03-19 D (10,261) $0.89 -$9,122
2025-03-20 Podnos Yale Officer (Chief Medical Officer) 2025-03-19 D (2,975) $0.89 -$2,645
2025-03-20 Carter Robert Ross Officer (Chief Financial Officer) 2025-03-19 D (1,150) $0.89 -$1,022
2025-01-07 Carter Robert Ross Officer (Chief Financial Officer) 2025-01-06 D (258) $0.34 -$86
2024-12-05 Castle Jeremy Officer (Chief Operating Officer) 2024-12-03 D (1,130) $0.16 -$181
2024-12-02 Hively Brad Director 2024-12-02 P 50,000 $0.15 $7,500
2024-12-02 Hively Brad Director 2024-11-26 P 250,000 $0.17 $42,500
2024-12-02 Hively Brad Director 2024-11-12 J (353,450) $-0
2024-11-25 BARASCH RICHARD A Director 2024-11-22 A 80,000 $0
2024-11-25 Pacala Mark L Director 2024-11-22 A 50,000 $0
2024-11-25 McGeorge Anne Director 2024-11-22 A 56,000 $0
2024-11-25 Johnson Karen Marie Director 2024-11-22 A 52,000 $0
2024-11-25 Kaushal Mohit Director 2024-11-22 A 56,000 $0
2024-11-25 Ling Gabriel Director 2024-11-22 A 40,000 $0
2024-11-25 Hively Brad Director 2024-11-22 A 44,000 $0
2024-11-21 Virnich Daniel Officer (Chief Executive Officer) 2024-11-20 D (4,750) $0.14 -$646
2024-11-21 Virnich Daniel Officer (Chief Executive Officer) 2024-11-20 D (4,977) $0.14 -$677
2024-11-21 Carter Robert Ross Officer (Chief Financial Officer) 2024-11-20 D (235) $0.14 -$32
2024-11-21 Podnos Yale Officer (Chief Medical Officer) 2024-11-20 D (1,709) $0.14 -$232
2024-11-21 Podnos Yale Officer (Chief Medical Officer) 2024-11-20 D (267) $0.14 -$36
2024-11-21 Podnos Yale Officer (Chief Medical Officer) 2024-11-20 D (1,026) $0.14 -$140
2024-11-18 Podnos Yale Officer (Chief Medical Officer) 2024-11-12 J (11,359) $-0
2024-11-18 Podnos Yale Officer (Chief Medical Officer) 2024-11-12 J (17,039) $-0
2024-11-18 Pacala Mark L Director 2024-11-12 J (20,248) $-0
2024-11-18 Pacala Mark L Director 2024-11-12 J (30,372) $-0
2024-11-18 Virnich Daniel Officer (Chief Executive Officer) 2024-11-12 J (78,094) $-0
2024-11-18 Virnich Daniel Officer (Chief Executive Officer) 2024-11-12 J (117,142) $-0
2024-08-20 Havencrest Healthcare Partners, L.P. 10% Owner 2024-08-16 J (8,701,823) $-0
2024-08-20 Havencrest Healthcare Partners, L.P. 10% Owner 2024-08-16 J (7,631,418) $-0