Growth Metrics

Oncology Institute (TOI) Operating Expenses (2020 - 2026)

Oncology Institute posted quarterly Operating Expenses of $154.0 million for Q1 2026, up 34.67% year-on-year from $114.3 million in Q1 2025, and up 3.42% on a QoQ basis from $148.9 million in Q4 2025.

Oncology Institute (TOI) has 7 years of Operating Expenses data on file, last reported at $154.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 34.67% year-over-year to $154.0 million; the trailing twelve-month figure through Mar 2026 stood at $578.4 million (up 27.07% YoY), and the FY2025 full-year result was $538.8 million, up 18.8% from the prior year.
  • Operating Expenses for Q1 2026 stood at $154.0 million, up from $148.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $154.0 million in Q1 2026 and bottomed at $73.6 million in Q1 2022.
  • The 5-year median for Operating Expenses is $112.2 million (2024), against an average of $110.7 million.
  • The widest annual swing landed in 2022, when Operating Expenses soared 56.29%; it then climbed 1.49% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $96.5 million in 2022, then gained by 4.74% to $101.1 million in 2023, then increased by 11.0% to $112.2 million in 2024, then soared by 32.68% to $148.9 million in 2025, then grew by 3.42% to $154.0 million in 2026.
  • The last three Operating Expenses figures came in at $154.0 million (Q1 2026), $148.9 million (Q4 2025), and $144.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 27.00 Mn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 1.29 Bn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 820.65 Mn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 1.30 Bn
10 Oncology Institute 477.45 Mn 447.17 Mn 139.16 Mn 153.95 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 153.95 Mn
Dec 31, 2025 148.86 Mn
Sep 30, 2025 144.62 Mn
Jun 30, 2025 131.01 Mn
Mar 31, 2025 114.32 Mn
Dec 31, 2024 112.20 Mn
Sep 30, 2024 113.75 Mn
Jun 30, 2024 114.94 Mn
Mar 31, 2024 112.64 Mn
Dec 31, 2023 101.08 Mn
Sep 30, 2023 95.96 Mn
Jun 30, 2023 95.16 Mn
Mar 31, 2023 109.06 Mn
Dec 31, 2022 96.50 Mn
Sep 30, 2022 85.07 Mn
Jun 30, 2022 79.23 Mn
Mar 31, 2022 73.63 Mn
Dec 31, 2021 93.14 Mn
Sep 30, 2021 54.43 Mn
Jun 30, 2021 50.96 Mn
Mar 31, 2021 50.33 Mn
Dec 31, 2020 41.69 Mn
Sep 30, 2020 95,980.00
Jun 30, 2020 92,008.00