DocGo Inc. (DCGO) Financial Statements (2024 and earlier)

Company Profile

Business Address 35TH STREET WEST 35TH
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 80 - Health Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments109,160120,057157,335169,599198,138188,354
Cash and cash equivalents109,160120,057157,335169,599198,138188,354
Receivables118,499(3,781)(7,819)80,00072,25476,168
Asset, held-in-trust   4,4801,333  
Business combination, contingent consideration, asset  94,97069,148   
Other undisclosed current assets6,78747,14747,9361,0615,2853,649
Total current assets:234,445258,394271,081251,993275,678268,171
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization8,9649,1709,0409,4218,4088,659
Operating lease, right-of-use asset9,2899,3759,0748,1863,8123,963
Property, plant and equipment21,93721,72921,25817,57812,23012,624
Long-term investments and receivables392483598713619520
Long-term investments392483598713619520
Intangible assets, net (including goodwill), including:85,87147,66961,87055,18119,10219,266
Goodwill47,82147,66938,90034,5338,6878,687
Intangible assets, net (excluding goodwill)38,05038,93922,96920,64810,41510,579
Other undisclosed intangible assets, net (including goodwill)  (38,939)    
Restricted cash and investments14,6017,4626,7749,75410,32310,370
Deferred costs  10,9749,958   
Deferred income tax assets11,248     
Other noncurrent assets3,5393,3513,6253,0951,6831,623
Other undisclosed noncurrent assets  38,939    
Total noncurrent assets:155,841149,151122,197103,92756,17857,026
TOTAL ASSETS:390,286407,545393,278355,920331,855325,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:41,47849,5722,25963,24564,03161,684
Employee-related liabilities12,53412,4588,389
Accounts payable6,69119,02821,58312,15312,91615,121
Accrued liabilities34,78730,54431,57338,55838,65738,174
Other undisclosed accounts payable and accrued liabilities   (50,897)   
Debt3,4143,4233,3982,8592,6553,262
Derivative instruments and hedges, liabilities   4,480   
Business combination, contingent consideration, liability    4,000  
Due to related parties26,2449,8026941,411
Other liabilities6351,014707   
Other undisclosed current liabilities46,23054,96663,071(8,768)(9,445)(5,365)
Total current liabilities:91,757108,975100,15871,13857,93560,992
Noncurrent Liabilities
Long-term debt and lease obligation7,5077,3345,91412,4938,97710,362
Long-term debt, excluding current maturities1,5811,272  1,0491,171
Finance lease, liability5,9266,0625,9146,0875,2766,403
Liabilities, other than long-term debt7,1627,3157,041   
Operating lease, liability7,1627,3157,0416,4062,6522,788
Other undisclosed noncurrent liabilities   1,237(4,950)7,89810,789
Total noncurrent liabilities:14,66914,64914,19213,94919,52723,940
Total liabilities:106,425123,624114,35085,08777,46284,932
Commitments and contingencies  26,428    
Temporary equity, carrying amount  (26,428)    
Equity
Equity, attributable to parent279,773278,677273,231264,220247,093231,984
Common stock101010111110
Additional paid in capital312,101310,050301,451301,522287,301284,939
Accumulated other comprehensive income (loss)1,391985741(276)(28)(38)
Accumulated deficit(33,730)(32,368)(28,972)(37,037)(40,191)(52,927)
Equity, attributable to noncontrolling interest4,0885,2445,6976,6137,3018,281
Total equity:283,861283,921278,927270,833254,394240,264
TOTAL LIABILITIES AND EQUITY:390,286407,545393,278355,920331,855325,196

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues125,487113,003108,785104,320109,519117,892
Cost of revenue  (3,649)(516,695)(3,015)  
Cost of goods and services sold  (3,649) (3,015)  
Gross profit:125,487109,353(407,910)101,305109,519117,892
Operating expenses(123,911)(119,905)(108,705)(100,121)(102,062)(107,797)
Other operating income (expense), net  6,903(23,832)   
Noninterest income, other operating income  6,903    
Other undisclosed operating income (loss)  (3,253)540,5263,015  
Operating income (loss):1,576(6,903)804,1997,45810,095
Nonoperating income (expense)(920)215(2,418)311,404(4)
Investment income, nonoperating  8  1,388 
Gain, foreign currency transaction, before tax  70    
Other nonoperating income (expense)(920)  3116(4)
Interest and debt expense(32)(29)1,458  (23)
Income (loss) from continuing operations before equity method investments, income taxes:624(6,717)(880)4,2308,86210,068
Income (loss) from equity method investments (115)9   
Other undisclosed income (loss) from continuing operations before income taxes365783(1,106)(1,362)3,216(255)
Income (loss) from continuing operations before income taxes:989(6,049)(1,977)2,86812,0789,813
Income tax expense (benefit)3552,1309,125(402)(322)(440)
Income (loss) from continuing operations:1,344(3,919)7,1482,46611,7569,372
Income before gain (loss) on sale of properties:106,78611,7569,372
Income from discontinued operations    104,320  
Other undisclosed net loss    (107,474)(12,736) 
Net income (loss):1,344(3,919)7,148(688)(980)9,372
Net income (loss) attributable to noncontrolling interest(3,355)4539166889801,257
Other undisclosed net income (loss) attributable to parent   2,9252,46611,756(1,257)
Net income (loss) attributable to parent:(2,011)(3,466)10,9902,46611,7569,372
Other undisclosed net income (loss) available to common stockholders, basic   (2,925)6889801,257
Net income (loss) available to common stockholders, diluted:(2,011)(3,466)8,0653,15412,73610,630

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):1,344(3,919)7,148(688)(980)9,372
Comprehensive income (loss):1,344(3,919)7,148(688)(980)9,372
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,355)4539166889801,257
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4062445213,40312,746(6)
Comprehensive income (loss), net of tax, attributable to parent:(1,605)(3,222)8,5863,40312,74610,624

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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