Filing Flows › DocGo (DCGO) › Q4 2024
DocGo (DCGO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
DocGo (DCGO) reported revenue of $121M for the fourth quarter 2024 (Q4 2024), -39% from a year earlier and -13% from the quarter before. Operating margin was -6.2%, net loss $7.6M (6.3% of revenue).
DocGo, Q4 2024: revenue $121M (-39% year over year), operating margin -6.2%, net loss $7.6M, operating cash flow $12.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $121M | -13% | -39% |
| Operating profit | −$7.5M | — | — |
| Net earnings | −$7.6M | — | — |
| Operating cash flow | $12.7M | -59% | — |
| Free cash flow | $11.8M | -56% | — |
What changed
Revenue was $120.8M in Q4 2024, down 39% year over year and down 13% from the previous quarter. Mobile Health Services was the largest line at 59% of revenue.
Operating costs exceeded revenue by $7.5M, an operating margin of -6.2%. Total costs fell 32% while revenue fell 39%. The fastest-growing cost line was Sales & marketing (+95%). The quarter ended with a net loss of $7.6M, after a profit of $4.5M the previous quarter. Minority interests bore $4.4M of it: to shareholders the quarter was a loss of $3.3M.
Operating cash flow was $12.7M. Non-cash charges added back $11.6M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $4.9M. Capital expenditures of $946K left free cash flow of $11.8M.
Questions
What was DocGo's revenue in the fourth quarter 2024?
DocGo (DCGO) reported revenue of $121M for the fourth quarter 2024 (Q4 2024), -39% from a year earlier and -13% from the quarter before.
Was DocGo profitable in the fourth quarter 2024?
Operating loss was $7.5M (-6.2% of revenue) and net loss $7.6M.
Source: DocGo 10-K on SEC EDGAR.