---
schema_version: "secwatch.filing_event.v1"
accession: "0001220754-25-000005"
form_type: "8-K"
ticker: null
cik: "0001220754"
company_name: "ModivCare Inc"
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T04:59:03.065840+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ModivCare reports Q4 2024 net loss of $23.5M, appoints two new board members, amends credit agreement

## Summary
- Q4 2024 service revenue $702.8M (flat YoY); net loss $23.5M ($1.64 loss per diluted share).
- Adjusted EPS of $0.19; full-year 2024 net loss $201.3M ($14.14 loss per diluted share).
- Board appoints Alec Cunningham (former WellCare CEO) and David Mounts Gonzales (AI Catalyst Fund partner) effective March 7, 2025.
- Credit agreement amended in early 2025: covenant holiday Q4 2024 through Q2 2025; $75M incremental term loan issued.
- Full-year revenue $2,787.6M (+1.3% YoY); adjusted EBITDA $161.1M; free cash flow negative $34.0M.

## SEC filing metadata
- accession: 0001220754-25-000005
- form_type: 8-K
- cik: 0001220754
- company_name: ModivCare Inc
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1220754/000122075425000005/0001220754-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1220754/000122075425000005/prsc-20250306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001220754-25-000005
- JSON: https://secwatch.observer/filing/0001220754-25-000005.json
- Plain text: https://secwatch.observer/filing/0001220754-25-000005.txt

## Key facts
- Executive change
  David Mounts Gonzales was appointed as Director at ModivCare Inc.
  - Action: appointed
  - Role: Director
  source text: On March 6, 2025, the board of directors (the “Board”) of the Company appointed Alec Cunningham and David Mounts Gonzales as members of the Board, effective March 7, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1220754/000122075425000005/0001220754-25-000005-index.htm
- Executive change
  Alec Cunningham was appointed as Director at ModivCare Inc.
  - Action: appointed
  - Role: Director
  source text: On March 6, 2025, the board of directors (the “Board”) of the Company appointed Alec Cunningham and David Mounts Gonzales as members of the Board, effective March 7, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1220754/000122075425000005/0001220754-25-000005-index.htm

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