DocGo Inc. DCGO
DocGo is leading the proactive healthcare revolution. We are democratizing access with our innovative care delivery platform that includes mobile health services, virtual care management and ambulance services. Our goal is to deliver healthcare at any address and help reshape the traditional healthcare system, driven by our mission to bring high quality, highly accessible care to all.
DocGo's proprietary technology platform, dedicated network of certified health professionals, including virtual care clinicians, and robust fleet of medical response vehicles provide services in all 50 states and the United Kingdom. DocGo's vertically integrated approach helps elevate the quality of patient care and drive business efficiencies for municipalities, hospital networks and health insurance providers. We often provide our services in collaboration with leading healthcare organizations via long-term relationships that are intended to provide efficient and strategic capital deployment opportunities that can drive meaningful revenue and create significant growth.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $322.2M | $616.6M | $624.3M | $440.5M | $318.7M | $94.1M | — |
| Cost of revenue | — | — | — | $523.9M | $451.7M | — | — |
| Gross profit | — | — | — | -$83.4M | -$133.0M | — | — |
| R&D | $13.6M | $11.6M | $10.9M | $5.4M | $3.3M | $1.2M | — |
| SG&A | $133.4M | $138.8M | $137.2M | $103.4M | $74.9M | $34.9M | — |
| Total operating expenses | $500.2M | $587.9M | $609.2M | $418.7M | $303.4M | $108.8M | — |
| Operating income | -$178.0M | $28.7M | $15.1M | $21.8M | $15.4M | -$14.8M | — |
| Interest expense | — | — | $1.7M | $762.7K | $763.0K | $204.6K | — |
| Pre-tax income | -$187.5M | $27.7M | $16.3M | $22.8M | $19.8M | -$14.6M | — |
| Income tax | $8.9M | $14.4M | $6.2M | $8.0M | $615.7K | $167.4K | — |
| Net income | -$196.4M | $13.4M | $10.0M | $30.7M | $19.2M | -$14.8M | — |
| EPS, basic | -1.84 | 0.20 | 0.07 | 0.34 | 0.30 | -0.25 | — |
| EPS, diluted | -1.84 | 0.18 | 0.06 | 0.34 | 0.25 | -0.25 | — |
| Shares, diluted (wtd. avg.) | $99.1M | $109.4M | $105.6M | $103.0M | $94.9M | $58.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $51.0M | $89.2M | $59.3M | $164.1M | $179.1M | $34.5M | $51.8M |
| Receivables | $92.9M | $210.9M | $262.1M | $103.0M | — | — | — |
| Total current assets | $152.4M | $304.5M | $338.9M | $271.1M | $256.0M | $58.4M | — |
| Property, plant and equipment | $14.6M | $14.9M | $16.8M | $21.3M | $12.7M | $9.1M | — |
| Goodwill | $19.0M | $47.4M | $47.5M | $38.9M | $8.7M | $6.6M | — |
| Other intangibles | $0 | $25.7M | $37.7M | $23.0M | $10.7M | $10.7M | — |
| Total assets | $217.1M | $455.6M | $490.5M | $393.3M | $309.6M | $100.2M | — |
| Accounts payable | $11.1M | $28.4M | $19.8M | $21.6M | $15.8M | $4.0M | — |
| Short-term debt | $51.7K | $12.5K | $28.1K | $664.9K | $600.4K | — | — |
| Total current liabilities | $67.5M | $121.8M | $170.1M | $100.2M | $57.9M | $23.5M | — |
| Long-term debt | $183.8K | $5.2K | $41.6K | — | — | $142.7K | — |
| Total liabilities | $91.2M | $140.4M | $185.3M | $114.4M | $82.5M | $33.2M | — |
| Retained earnings | -$183.8M | -$1.4M | -$21.4M | -$29.0M | -$63.6M | -$87.3M | — |
| Total equity | $144.0M | $320.9M | $305.2M | $278.9M | $227.1M | $66.9M | $79.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $34.5M | $70.1M | -$64.5M | $28.9M | -$1.9M | -$10.7M | — |
| Depreciation and amortisation | $15.7M | $15.9M | $16.4M | $10.6M | $2.3M | $1.9M | — |
| Stock-based compensation | $17.4M | $13.6M | $21.0M | $8.1M | $1.4M | — | — |
| Capital expenditure | $4.5M | $3.6M | $7.3M | $3.2M | $4.8M | $4.4M | — |
| Investing cash flow | -$39.1M | -$10.7M | -$29.6M | -$38.4M | -$8.6M | -$6.0M | — |
| Financing cash flow | -$50.8M | -$24.2M | $1.1M | -$6.2M | $155.2M | -$812.1K | — |
| Buybacks | $10.8M | $13.8M | $0 | $3.7M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-046600.
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| OMDA | Omada Health, Inc. | $1.39B | — | 53.2% |
| PNTG | Pennant Group, Inc. | $1.33B | 45.2x | 36.3% |
| USPH | U S PHYSICAL THERAPY INC /NV | $1.18B | 55.9x | 16.3% |
| SRTA | Strata Critical Medical, Inc. | $470.6M | 10.6x | 34.3% |