Q2 2025 DocGo Inc Earnings Call Transcript

Aug 7, 2025 / 09:00 PM GMT

Transcript 8-K10-Q

Key Points

Positve

DocGo Inc (DCGO) reported a substantial increase in cash balance, with total cash and investments reaching $128.7 million at the end of Q2 2025, up from $103.1 million in the previous quarter.
The company successfully reduced SGNA expenses, achieving an estimated $10 million in annualized savings through workforce reductions and overhead cuts.
DocGo Inc (DCGO) completed over 176,000 medical transports and more than 28,000 mobile phlebotomy visits in Q2 2025, demonstrating strong operational performance.
The company expanded its care GAAP closure program, increasing the number of assigned lives from 900,000 to 1.2 million, indicating growth in its payer and provider vertical.
DocGo Inc (DCGO) launched a new AI agent to automate appointment reminders and rescheduling, which has already confirmed over 3,000 appointments, enhancing operational efficiency.

Negative

Total revenue for Q2 2025 was $80.4 million, a significant decline from $164.9 million in Q2 2024, primarily due to the wind down of migrant-related projects.
Mobile health revenue decreased to $30.8 million in Q2 2025 from $116.7 million in the same quarter last year, driven by reduced migrant-related revenues.
Adjusted EBITDA for Q2 2025 was a loss of $6.1 million, compared to a positive $17.2 million in Q2 2024, indicating financial challenges.
The adjusted gross margin for the mobile health segment decreased to 32.5% in Q2 2025 from 35.9% in Q2 2024, reflecting margin pressures.
Medical transportation revenues experienced a sequential decline, attributed to seasonality and capacity constraints, impacting overall revenue growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DCGO.OQ - DocGo Inc
Q2 2025 DocGo Inc Earnings Call
Aug 07, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies and gentlemen, and welcome to the dot go 2nd quarter earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. At any time during this call, you require immediate assistance, please press 0 for the operator. This call is being recorded on Thursday, August 7th, 2025. I would now like to turn the conference over to Mike Cole, BP Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, Michael. Before turning the call over to management, I would like to

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