Q1 2026 DocGo Inc Earnings Call Transcript

May 11, 2026 / 09:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

DocGo Inc (DCGO) reported a strong top-line revenue of $75.6 million in the first quarter.
The company increased its 2026 revenue guidance to a range of $300 million to $315 million.
SteadyMD, a virtual care offering, generated over $9 million in revenue, marking a 38% increase in visits and lab orders year-over-year.
The mobile phlebotomy business is projected to grow by 75% in 2026, with plans to expand into new territories.
DocGo Inc (DCGO) signed new contracts and expansions with payers and providers, surpassing 1.6 million lives assigned for care gap services.

Negative

DocGo Inc (DCGO) reported an adjusted EBITDA loss of $10.2 million for the first quarter.
The company experienced labor inefficiencies due to SteadyMD's rapid growth, impacting gross margins by approximately 60 basis points.
Increased fuel costs due to geopolitical tensions negatively affected gross margins by about 35 basis points.
Operating expenses were higher than anticipated due to ramping up hiring and onboarding of clinical staff.
Cash and cash equivalents decreased to $59.9 million, partly due to delays in collecting migrant-related accounts receivable.

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

DCGO.OQ - DocGo Inc
Q1 2026 DocGo Inc Earnings Call
May 11, 2026 / 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 DOCCO First Quarter Earnings Conference Call. At this time, all lines are in a listen-only mode. 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, May 11, 2026. I would now like to turn the conference over to Mike Cole, Vice President of Investor Relations. Please go ahead.

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

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