Q3 2025 DocGo Inc Earnings Call Transcript
Key Points
- DocGo Inc (DCGO) experienced record volumes across all of its base business offerings in the third quarter.
- The company maintains a strong balance sheet with cash reserves intended to fund growth and capitalize on opportunities.
- The acquisition of SteadyMD is expected to enhance scalability with a 50-state virtual care network and over 500 advanced practice providers.
- DocGo Inc (DCGO) announced 2026 revenue guidance of $280 to $300 million, representing 12% to 20% year-over-year growth.
- The medical transportation business achieved record volumes, driven by long-term contracts with major healthcare systems, and is expected to generate over $200 million in revenue in 2025.
- Total revenue for the third quarter of 2025 was $70.8 million, a significant decline from $138.7 million in the third quarter of 2024, primarily due to the sunset of migrant-related projects.
- Adjusted EBITDA for the third quarter of 2025 was a loss of $7.1 million compared to a positive $17.9 million in the third quarter of 2024.
- The company anticipates a full-year adjusted EBITDA loss of $15 to $25 million in 2026, with the majority of the loss expected in the first half of the year.
- Mobile health revenue decreased significantly due to the wind-down of migrant services, with non-migrant mobile health revenues increasing by only 20% year-over-year.
- DocGo Inc (DCGO) incurred increased insurance costs of approximately $5.2 million, impacting financial results.
Good afternoon ladies and gentlemen, and welcome to the go 3rd quarter for conference call. At this time, all lines are in listen-only mode, and following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press 0 for the operator. This call is being recorded on Monday, November 10th, 2025. I would now like to turn the conference call over to Mr. Mike Cole, Vice President of Investor Relations. Please go ahead.
Thank you, operator. Before turning the call over to management, I would like to make the following remarks concerning forward-looking statements. All statements made in this conference call, other than statements of historical fact are forward-looking statements. The words may, will, plan, potential, could, goal, outlook, design, anticipate, aim, believe, estimate, expect, intend, guidance, confidence, target, project, and other similar expressions may be used to identify such forward-looking statements. These
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