ModivCare Inc (MODV) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
6900 LAYTON AVENUE DENVER, CO 80237 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 47 - Transportation Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 76,425 | 115,963 | 112,581 | 48,336 | 10,546 | 10,341 | |||
| Cash and cash equivalent | 76,425 | 115,963 | 112,581 | 48,336 | 10,546 | 10,341 | |||
| Restricted cash and investments | 13,352 | 3,951 | 535 | 548 | 536 | 525 | |||
| Receivables | 259,142 | 250,534 | 222,317 | 248,683 | 403,600 | 362,900 | |||
| Prepaid expense | 30,378 | 19,984 | 19,033 | 31,364 | |||||
| Contract with customer, asset, after allowance for credit loss | 115,621 | 124,359 | 117,795 | 110,431 | 159,345 | 134,680 | |||
| Deposits current assets | 30,847 | ||||||||
| Other undisclosed current assets | 28,214 | 18,638 | 23,118 | 24,087 | (117,328) | (104,445) | |||
| Total current assets: | 553,979 | 533,429 | 495,379 | 463,449 | 456,699 | 404,001 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 32,067 | 33,390 | 36,597 | 39,839 | 38,656 | 40,565 | |||
| Long-term investments and receivables | 29,163 | 27,899 | 31,427 | 35,835 | 39,340 | 40,247 | |||
| Long-term investments | 29,163 | 27,899 | 31,427 | 35,835 | 39,340 | 40,247 | |||
| Intangible assets, net (including goodwill) | 428,835 | 692,861 | 693,552 | 697,384 | 701,692 | 811,332 | |||
| Goodwill | 416,858 | 680,252 | 680,252 | 680,252 | 680,252 | 785,554 | |||
| Intangible assets, net (excluding goodwill) | 11,977 | 12,609 | 13,300 | 17,132 | 21,440 | 25,778 | |||
| Regulated entity, other noncurrent assets | 30,689 | ||||||||
| Other noncurrent assets | 46,977 | 45,934 | 45,948 | 46,324 | 48,421 | 46,767 | |||
| Other undisclosed noncurrent assets | 316,529 | 343,650 | 320,740 | 368,917 | 391,334 | 421,136 | |||
| Total noncurrent assets: | 853,571 | 1,143,734 | 1,158,953 | 1,188,299 | 1,219,443 | 1,360,047 | |||
| TOTAL ASSETS: | 1,407,550 | 1,677,163 | 1,654,332 | 1,651,748 | 1,676,142 | 1,764,048 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 230,592 | 211,111 | 83,068 | 197,398 | 182,475 | 194,457 | |||
| Accounts payable | 76,458 | 57,659 | 83,068 | 52,109 | 62,006 | 54,645 | |||
| Accrued liabilities | 154,134 | 153,452 | 145,289 | 120,469 | 139,812 | ||||
| Debt | 347,812 | 344,550 | 274,250 | 233,250 | 183,000 | 121,000 | |||
| Other undisclosed current liabilities | 109,923 | 111,990 | 267,176 | 150,871 | 203,141 | 223,857 | |||
| Total current liabilities: | 688,327 | 667,651 | 624,494 | 581,519 | 568,616 | 539,314 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,032,411 | 1,016,889 | 986,436 | 986,125 | 986,057 | 984,896 | |||
| Long-term debt, excluding current maturities | 1,032,411 | 1,016,889 | 986,436 | 986,125 | 986,057 | 984,896 | |||
| Liabilities, other than long-term debt | 78,449 | 80,256 | 81,876 | 101,100 | 111,954 | 103,997 | |||
| Deferred revenue | |||||||||
| Deferred income tax liabilities | 13,471 | 13,471 | 13,557 | 32,831 | 45,170 | 35,806 | |||
| Other liabilities | 35,349 | 35,732 | 35,414 | 33,905 | 33,679 | 33,305 | |||
| Operating lease, liability | 29,629 | 31,053 | 32,905 | 34,364 | 33,105 | 34,886 | |||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 1,110,860 | 1,097,145 | 1,068,312 | 1,087,225 | 1,098,011 | 1,088,893 | |||
| Total liabilities: | 1,799,187 | 1,764,796 | 1,692,806 | 1,668,744 | 1,666,627 | 1,628,207 | |||
| Equity | |||||||||
| Equity, attributable to parent | (391,637) | (87,633) | (38,474) | (16,996) | 9,515 | 135,841 | |||
| Common stock | 20 | 20 | 20 | 20 | 20 | 20 | |||
| Treasury stock, value | (269,121) | (270,184) | (270,185) | (270,505) | (270,069) | (270,397) | |||
| Additional paid in capital | 457,245 | 458,623 | 457,406 | 455,714 | 455,185 | 452,955 | |||
| Accumulated deficit | (579,781) | (276,092) | (225,715) | (202,225) | (175,621) | (46,737) | |||
| Total equity: | (391,637) | (87,633) | (38,474) | (16,996) | 9,515 | 135,841 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,407,550 | 1,677,163 | 1,654,332 | 1,651,748 | 1,676,142 | 1,764,048 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 659,553 | 650,654 | 702,799 | 702,037 | 698,299 | 684,451 | ||
| Cost of revenue (Cost of Product and Service Sold) | (570,647) | (552,988) | (597,615) | (597,934) | (588,100) | (583,566) | ||
| Gross profit: | 88,906 | 97,666 | 105,184 | 104,103 | 110,199 | 100,885 | ||
| Operating expenses | (928,036) | (655,096) | (698,531) | (696,777) | (797,219) | (687,846) | ||
| Other undisclosed operating income | 570,647 | 552,988 | 597,615 | 597,934 | 588,100 | 583,566 | ||
| Operating income (loss): | (268,483) | (4,442) | 4,268 | 5,260 | (98,920) | (3,395) | ||
| Interest and debt expense | (11,797) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (268,483) | (4,442) | 4,268 | (6,537) | (98,920) | (3,395) | ||
| Other undisclosed loss from continuing operations before income taxes | (37,109) | (38,837) | (26,924) | (28,493) | (19,950) | (18,686) | ||
| Loss from continuing operations before income taxes: | (305,592) | (43,279) | (22,656) | (35,030) | (118,870) | (22,081) | ||
| Income tax expense (benefit) | (76) | (3,547) | 3,451 | 11,070 | (9,558) | 543 | ||
| Loss from continuing operations: | (305,668) | (46,826) | (19,205) | (23,960) | (128,428) | (21,538) | ||
| Other undisclosed net income (loss) | 1,979 | (3,551) | (4,285) | (2,644) | (456) | (762) | ||
| Net loss available to common stockholders, diluted: | (303,689) | (50,377) | (23,490) | (26,604) | (128,884) | (22,300) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (303,689) | (50,377) | (23,490) | (26,604) | (128,884) | (22,300) | ||
| Comprehensive loss, net of tax, attributable to parent: | (303,689) | (50,377) | (23,490) | (26,604) | (128,884) | (22,300) | ||
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.