The Oncology Institute, Inc. (TOI) quarterly balance sheet — complete assets, liabilities & equity 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 |
|---|
| Total Current Assets | 116.86M | 112.75M | 110.09M | 104.79M | 106.82M | 112.42M | 116.42M | 116.21M | 141.19M | 143.49M | 152.68M | 104.07M | 118.96M | 130.51M | 143.63M | 112.2M | 139.84M | 154.06M | 51.3M | 48.37M |
| Cash & Short-Term Investments | 30.28M | 33.56M | 27.66M | 30.29M | 39.74M | 49.67M | 47.4M | 46.36M | 65.83M | 82.86M | 87.41M | 39.18M | 55.38M | 73.81M | 90.58M | 64.21M | 94.66M | 114.3M | 11.53M | 15.17M |
| Cash Only | 30.28M | 33.56M | 27.66M | 30.29M | 39.74M | 49.67M | 47.4M | 36.42M | 36.05M | 33.49M | 27.54M | 28.89M | 15.25M | 14.01M | 61.42M | 64.21M | 94.66M | 114.3M | 11.53M | 15.17M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.94M | 29.78M | 49.37M | 59.88M | 10.29M | 40.13M | 59.8M | 29.15M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 59.45M | 59.32M | 59.98M | 55.66M | 49.67M | 48.68M | 54.86M | 54.37M | 59.13M | 42.91M | 48.91M | 46.89M | 46.38M | 40.43M | 35.38M | 29.37M | 25.79M | 21.24M | 22.26M | 20.56M |
| Days Sales Outstanding | 36.25 | 38.66 | 38.95 | 40 | 42.39 | 47.5 | 50.29 | 52.39 | 49.04 | 49.23 | 53.72 | 52.9 | 51.28 | 48.83 | 45.84 | 41.2 | 38.37 | 38.26 | 37.68 | 35.15 |
| Inventory | 24.29M | 16.88M | 18.88M | 15.79M | 12.31M | 10.04M | 10.11M | 11.32M | 11.55M | 13.68M | 12.17M | 12.17M | 10.25M | 9.26M | 10.02M | 8.58M | 7.77M | 6.44M | 5.76M | 4.69M |
| Days Inventory Outstanding | 14.73 | 13.8 | 13.56 | 12.5 | 11.54 | 10.82 | 11.52 | 12.17 | 13.88 | 16.65 | 16.95 | 15.67 | 14.14 | 15.89 | 16.46 | 14.94 | 14.92 | 12.76 | 11.76 | 10.62 |
| Other Current Assets | 2.84M | 2.99M | 3.57M | 276K | 5.11M | 4.03M | 4.06M | 0 | 4.68M | 0 | 0 | 0 | 0 | 617K | 0 | 0 | 875K | 875K | 9.68M | 6.08M |
| Total Non-Current Assets | 51.37M | 51.91M | 53.53M | 55.01M | 57.18M | 60.3M | 62.76M | 63.39M | 63.34M | 65.75M | 65.67M | 125.89M | 115.67M | 133.24M | 140.17M | 77.53M | 66.67M | 49.38M | 39.53M | 37.44M |
| Property, Plant & Equipment | 33.22M | 33.06M | 33.98M | 34.74M | 35.33M | 37.67M | 39.36M | 39.22M | 38.41M | 40.05M | 39.32M | 39.81M | 34.52M | 33.04M | 31.81M | 23.27M | 22.14M | 4.19M | 3.52M | 2.79M |
| Fixed Asset Turnover | 4.45x | 4.24x | 3.97x | 3.42x | 2.86x | 2.60x | 2.54x | 2.54x | 2.41x | 2.16x | 2.07x | 2.16x | 2.26x | 2.20x | 2.36x | 2.68x | 4.19x | 13.57x | 16.57x | 18.62x |
| Goodwill | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 7.23M | 4.55M | 23.41M | 31.02M | 34.48M | 26.63M | 26.63M | 15.68M | 15.68M |
| Intangible Assets | 10.3M | 11.02M | 11.73M | 12.45M | 14.04M | 14.81M | 15.58M | 16.36M | 17.13M | 17.9M | 18.56M | 19.34M | 17.23M | 17.96M | 18.66M | 19.38M | 17.57M | 18.25M | 18.16M | 18.78M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58.94M | 58.84M | 58.35M | 58.22M | 0 | -551K | -371K | 0 | 0 |
| Other Non-Current Assets | 620K | 606K | 586K | 586K | 591K | 589K | 588K | 582K | 568K | 561K | 560K | 479K | 527K | -8.11M | 461K | 407K | 332K | 320K | 2.18M | 183.16K |
| Total Assets | 168.23M | 164.66M | 163.62M | 159.8M | 164M | 172.72M | 179.18M | 179.6M | 204.53M | 209.24M | 218.35M | 229.96M | 234.63M | 263.75M | 283.8M | 189.74M | 206.51M | 203.44M | 90.83M | 85.8M |
| Asset Turnover | 0.89x | 0.86x | 0.84x | 0.74x | 0.62x | 0.57x | 0.56x | 0.51x | 0.46x | 0.40x | 0.37x | 0.35x | 0.31x | 0.26x | 0.27x | 0.31x | 0.27x | 0.36x | 0.59x | 0.57x |
| Asset Growth % | 2.58% | -4.67% | -8.69% | -11.03% | -19.82% | -17.46% | -17.94% | -21.9% | -12.83% | -20.67% | -23.06% | 21.2% | 13.62% | 29.65% | 212.46% | 121.13% | 130.08% | 209.7% | -60.75% | -62.93% |
| Total Current Liabilities | 79.35M | 70.96M | 65.58M | 64.78M | 59.54M | 52.22M | 46.76M | 35.1M | 45.77M | 34.79M | 32.39M | 33.51M | 30.09M | 29.85M | 32.85M | 36.13M | 31.52M | 29.8M | 41.83M | 27.49M |
| Accounts Payable | 47.65M | 43.17M | 35.63M | 34.93M | 29.29M | 24.32M | 24.57M | 15.75M | 21.02M | 14.43M | 13.33M | 13.12M | 11.95M | 9.37M | 11.15M | 13.9M | 12.6M | 15.56M | 19.01M | 13.71M |
| Days Payables Outstanding | 32.5 | 30.41 | 27.59 | 28.56 | 27.68 | 26.27 | 21.68 | 19.55 | 19.5 | 17.88 | 18.42 | 17.52 | 15.45 | 16.92 | 22.17 | 24.22 | 29.58 | 36.17 | 36.85 | 31.48 |
| Short-Term Debt | 7.4M | 7.16M | 7.16M | 314K | 0 | 0 | 0 | 6.52M | 0 | 0 | 6.08M | 6M | 0 | 0 | 0 | 0 | 4.28M | 183K | 4.9M | 187.5K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 4.08M | 4.7M | 1.38M | 861K | 964K | 545K | 545K | 610K | 875K | 1.14M | 1.28M | 1.35M | 220K | 592K | 0 | 0 |
| Other Current Liabilities | 24.3M | 20.64M | 22.79M | 13.88M | 17.96M | 10.35M | 12.92M | 253K | 16.29M | 11.32M | 7.3M | 9.2M | 8.57M | 9.35M | 9.94M | 11.16M | 10.24M | 10.14M | 14.05M | 0 |
| Current Ratio | 1.47x | 1.59x | 1.68x | 1.62x | 1.79x | 2.15x | 2.49x | 3.31x | 3.08x | 4.12x | 4.71x | 3.11x | 3.95x | 4.37x | 4.37x | 3.11x | 4.44x | 5.17x | 1.23x | 1.76x |
| Quick Ratio | 1.17x | 1.35x | 1.39x | 1.37x | 1.59x | 1.96x | 2.27x | 2.99x | 2.83x | 3.73x | 4.34x | 2.74x | 3.61x | 4.06x | 4.07x | 2.87x | 4.19x | 4.95x | 1.09x | 1.59x |
| Cash Conversion Cycle | 18.48 | 22.05 | 24.91 | 23.93 | 26.24 | 32.06 | 40.13 | 45 | 43.43 | 48 | 52.25 | 51.05 | 49.97 | 47.8 | 40.12 | 31.92 | 23.72 | 14.85 | 12.59 | 14.3 |
| Total Non-Current Liabilities | 105.16M | 109.41M | 110.31M | 104M | 99.39M | 116.91M | 116.94M | 115.29M | 117.47M | 117.43M | 114.11M | 111.73M | 106.14M | 109.22M | 123.02M | 29.63M | 42.99M | 69.48M | 1.52M | 7.91M |
| Long-Term Debt | 18.84M | 19.13M | 20.2M | 75.02M | 73.89M | 93.13M | 91.54M | 89.95M | 88.39M | 86.83M | 85.25M | 83.69M | 82.14M | 80.62M | 79.07M | 0 | 0 | 0 | 0 | 4.69M |
| Capital Lease Obligations | 0 | 0 | 0 | 21.23M | 21.6M | 23.22M | 24.66M | 24.54M | 25.06M | 26.49M | 26.01M | 26.65M | 22.25M | 22.25M | 21.83M | 14.61M | 14.41M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 32K | 32K | 32K | 32K | 32K | 32K | 158K | 78K | 82K | 554K | 554K | 502K | 551K | 371K | 0 | 1.83M |
| Other Non-Current Liabilities | 86.32M | 90.28M | 90.12M | 7.76M | 3.87M | 527K | 711K | 777K | 3.99M | 4.08M | 2.69M | 1.32M | 1.67M | 5.9M | 21.57M | 14.51M | 28.03M | 69.11M | 1.52M | 1.38M |
| Total Liabilities | 184.51M | 180.38M | 175.89M | 168.78M | 158.93M | 169.13M | 163.7M | 150.4M | 163.24M | 152.22M | 146.5M | 145.24M | 136.23M | 139.07M | 155.87M | 65.76M | 74.51M | 99.28M | 43.34M | 35.4M |
| Total Debt | 26.25M | 26.29M | 27.36M | 103.55M | 102.31M | 123.15M | 122.95M | 127.57M | 119.83M | 119.67M | 117.35M | 116.34M | 110.03M | 108.18M | 106.06M | 19.1M | 18.69M | 183K | 4.9M | 4.88M |
| Net Debt | -4.03M | -7.28M | -302K | 73.26M | 62.57M | 73.48M | 75.55M | 91.14M | 83.78M | 86.19M | 89.81M | 87.44M | 94.78M | 94.17M | 44.63M | -45.11M | -75.97M | -114.12M | -6.64M | -10.29M |
| Debt / Equity | - | - | - | - | 20.18x | 34.31x | 7.94x | 4.37x | 2.90x | 2.10x | 1.63x | 1.37x | 1.12x | 0.87x | 0.83x | 0.15x | 0.14x | 0.00x | 0.10x | 0.10x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -3.37x | -2.92x | -7.60x | -6.00x | -2.52x | -10.29x | -6.23x | -7.73x | -9.05x | -7.93x | -5.15x | -5.57x | -6.04x | -6.46x | -0.80x | -88.92x | 264.05x | -209.40x | -26.96x | 50.20x |
| Total Equity | -16.29M | -15.72M | -12.27M | -8.98M | 5.07M | 3.59M | 15.48M | 29.21M | 41.3M | 57.02M | 71.85M | 84.72M | 98.41M | 124.68M | 127.93M | 123.98M | 132M | 104.16M | 47.48M | 50.4M |
| Equity Growth % | -421.27% | -538% | -179.28% | -130.76% | -87.73% | -93.71% | -78.45% | -65.53% | -58.04% | -54.26% | -43.84% | -31.67% | -25.45% | 19.7% | 169.43% | 145.98% | 179.96% | 270.66% | -78.89% | -77.6% |
| Book Value per Share | -0.02 | -0.02 | -0.01 | -0.01 | 0.07 | 0.05 | 0.20 | 0.39 | 0.56 | 0.78 | 0.98 | 1.14 | 1.34 | 1.46 | 1.61 | 1.70 | 1.73 | 1.49 | 0.64 | 0.76 |
| Total Shareholders' Equity | -16.29M | -15.72M | -12.27M | -8.98M | 5.07M | 3.59M | 15.48M | 29.21M | 41.3M | 57.02M | 71.85M | 84.72M | 98.41M | 124.68M | 127.93M | 123.98M | 132M | 104.16M | 47.48M | 50.4M |
| Common Stock | 10K | 10K | 10K | 9K | 9K | 8K | 8K | 8K | 8K | 8K | 8K | 7K | 7K | 7K | 7K | 7K | 7K | 7K | 0 | 0 |
| Retained Earnings | -273.91M | -271.42M | -263.91M | -247.41M | -230.4M | -210.81M | -197.63M | -181.52M | -166.04M | -146.15M | -127.4M | -109.98M | -93.08M | -61.58M | -52.08M | -49.4M | -43.95M | -63.23M | -53.08M | -50.1M |
| Treasury Stock | 0 | -1.02M | 0 | -1.02M | -1.02M | -1.02M | -1.02M | -1.02M | -1.02M | -1.02M | -1.02M | -894K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -206.51M | 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 |