Quarterly ResultMay 11, 2026, 04:17 PM
DocGo Q1 Revenue $75.6M; Raises 2026 Revenue Guidance to $300-$315M
AI Summary
DocGo Inc. announced its first quarter 2026 financial results, reporting total revenue of $75.6 million, a decrease from $96.0 million in Q1 2025, primarily due to the wind-down of migrant-related programs. Excluding these programs, revenue increased 19.3%. The company posted a net loss of ($16.7) million and adjusted EBITDA of ($10.2) million for the quarter. DocGo raised its full-year 2026 revenue guidance to $300-$315 million, citing strong demand for virtual care services, but maintained its adjusted EBITDA guidance at ($5-$10) million, acknowledging temporary margin inefficiencies from hiring and fuel costs.
Key Highlights
- Increased full-year 2026 revenue guidance to $300-$315 million.
- Q1 2026 total revenue was $75.6 million, down from $96.0 million YoY.
- Excluding migrant programs, Q1 revenue rose 19.3% to $75.6 million.
- Q1 2026 net loss was ($16.7) million, compared to ($11.1) million YoY.
- Q1 2026 adjusted EBITDA was ($10.2) million, compared to ($3.9) million YoY.
- Mobile Health Services revenue (ex-migrant) increased 131% to $23.6 million.
- Medical Transportation Services revenue was $51.9 million, up from $50.8 million.
- Full-year 2026 adjusted EBITDA guidance maintained at ($5-$10) million.