Net Income (Loss) Per Share (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Earnings Per Share [Abstract]

Summary of reconciliation of numerator (net loss) and the denominator (weighted average number of shares) used in the basic and diluted net loss per share calculations

The following table sets forth the computation of the Company's basic net income (loss) per share to common stockholders for the three and six months ended June 30, 2022 and 2021.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share data)	2022		2021		2022		2021
Net income (loss) attributable to TOI	$	(5,453)	$	3,205	$	13,833	$	2,209
Less: Deemed dividend	64		—		64		—
Net income (loss) attributable to TOI available for distribution	(5,517)		3,205		13,769		2,209
Net income (loss) attributable to participating securities, basic	(1,013)		—		2,521		—
Net income (loss) attributable to common stockholders, basic	$	(4,504)	$	3,205	$	11,248	$	2,209
Weighted average common shares outstanding, basic	72,996,836		66,021,829		73,123,895		64,446,377
Net income (loss) per share attributable to common stockholders, basic	$	(0.06)	$	0.05	$	0.15	$	0.03

The following table sets forth the computation of the Company's diluted net income (loss) per share to common stockholders for the three and six months ended June 30, 2022 and 2021.

(in thousands, except share data)	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income (loss) attributable to TOI	$	(5,453)	$	3,205	$	13,833	$	2,209
Less: Deemed dividend	64		—		64		—
Net income (loss) attributable to TOI available for distribution	(5,517)		3,205		13,769		2,209
Less: Net income attributable to participating securities, diluted	(1,013)		—		2,441		—
Net income (loss) attributable to common stockholders, diluted	$	(4,504)	$	3,205	$	11,328	$	2,209
Weighted average shares outstanding, diluted	72,996,836		66,021,829		76,106,201		64,446,377
Net income (loss) per share attributable to common stockholders, diluted	$	(0.06)	$	0.05	$	0.15	$	0.03

The following table sets forth the computation of the Company's basic and diluted net loss per share to common stockholders for the years ended December 31, 2021 and 2020.

	Year Ended December 31,
	2021		2020
Net loss attributable to TOI (in thousands)	$	(10,927)	$	(14,322)
Basic and diluted weighted average shares outstanding	66,230,606		59,117,723
Basic and diluted net loss per share attributable to TOI	$	(0.16)	$	(0.24)

Summary of potentially dilutive outstanding securities which were excluded from computation of diluted net loss per share because their effect would have been anti-dilutive

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Stock options	7,270,358	9,201,136	4,429,451	9,201,136
RSUs	2,182,536	1,367,463	1,471,052	1,367,463
Earnout Shares	1,437,138	—	1,437,138	—
Public Warrants	5,749,986	—	5,749,986	—
Private Warrants	3,177,542	—	3,177,542	—

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

	Year Ended December 31,
	2021	2020
Stock options	6,921,180	8,683,952
RSUs	1,291,492	1,390,839
Earnout Shares	1,602,435	—
Public Warrants	5,749,986	—
Private Warrants	3,177,542	—