---
schema_version: "secwatch.filing_event.v1"
accession: "0001220754-24-000033"
form_type: "8-K"
ticker: null
cik: "0001220754"
company_name: "ModivCare Inc"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:58:24.965857+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ModivCare Q1 revenue up 3.3% to $684.5M, net loss $22.3M; maintains FY guidance

## Summary
- Service revenue $684.5M (+3.3% YoY); net loss $22.3M ($1.57 diluted EPS).
- Adjusted EBITDA $32.1M; adjusted net loss $1.2M; adjusted EPS -$0.09.
- Operating cash flow $9.6M; free cash flow $1.7M.
- Won $171.2M TCV in NEMT contracts in Q1; implementations start Q2 2024.
- Company reaffirms full-year 2024 guidance (no specific numbers provided).

## SEC filing metadata
- accession: 0001220754-24-000033
- form_type: 8-K
- cik: 0001220754
- company_name: ModivCare Inc
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1220754/000122075424000033/0001220754-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1220754/000122075424000033/modv-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001220754-24-000033
- JSON: https://secwatch.observer/filing/0001220754-24-000033.json
- Plain text: https://secwatch.observer/filing/0001220754-24-000033.txt

## Key facts
- Earnings Releases
  ModivCare Inc reported the three months ended March 31, 2024 results: revenue $684.5 million, net income $22.3 million, EPS $1.57 per diluted common share. Guidance reaffirmed.
  - Period: the three months ended March 31, 2024
  - Revenue: $684.5 million
  - Net income: $22.3 million
  - EPS: $1.57 per diluted common share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Modivcare Reports First Quarter 2024 Financial Results; Maintains Guidance Denver, CO – May 2, 2024 – Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, today reported financial results for the three months ended March 31, 2024. First Quarter 2024 Summary: • Service revenue of $684.5 million increased 3.3% from the first quarter of 2023 • Net loss of $22.3 million or $1.57 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1220754/000122075424000033/0001220754-24-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.