Filing Flows › DocGo (DCGO) › Q1 2025
DocGo (DCGO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
DocGo (DCGO) reported revenue of $96.0M for the first quarter 2025 (Q1 2025), -50% from a year earlier and -21% from the quarter before. Operating margin was -14.6%, net loss $11.1M (11.5% of revenue).
DocGo, Q1 2025: revenue $96.0M (-50% year over year), operating margin -14.6%, net loss $11.1M, operating cash flow $9.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.0M | -21% | -50% |
| Operating profit | −$14.0M | — | — |
| Net earnings | −$11.1M | — | — |
| Operating cash flow | $9.2M | -28% | — |
| Free cash flow | $7.7M | -34% | — |
What changed
Revenue was $96.0M in Q1 2025, down 50% year over year and down 21% from the previous quarter. Transportation Services was the largest line at 53% of revenue. Mobile Health Services lost $98.7M year over year (down 69%), 103% of the total change.
Operating costs exceeded revenue by $14.0M, an operating margin of -14.6%. Total costs fell 38% while revenue fell 50%. The fastest-growing cost line was Research & development (+52%). The quarter ended with a net loss of $11.1M, wider than the previous quarter's $7.6M loss. Minority interests bore $1.7M of it: to shareholders the quarter was a loss of $9.4M.
Operating cash flow was $9.2M. Non-cash charges added back $3.8M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $11.7M. Capital expenditures of $1.5M left free cash flow of $7.7M.
Questions
What was DocGo's revenue in the first quarter 2025?
DocGo (DCGO) reported revenue of $96.0M for the first quarter 2025 (Q1 2025), -50% from a year earlier and -21% from the quarter before.
Was DocGo profitable in the first quarter 2025?
Operating loss was $14.0M (-14.6% of revenue) and net loss $11.1M.
Source: DocGo 10-Q on SEC EDGAR.