---
schema_version: "secwatch.filing_event.v1"
accession: "0001822359-24-000043"
form_type: "8-K"
ticker: "DCGO"
cik: "0001822359"
company_name: "DocGo Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:41:29.211016+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DocGo Q1 revenue up 70% to $192.1M; guides FY revenue down to $600-650M on migrant wind-down

## Summary
- Net income of $10.6M vs loss of $3.9M YoY; record adjusted EBITDA $24.1M, up 330%.
- Mobile Health revenue $143.9M (+97%); Transportation $48.2M (+20%); gross margin 35.0% vs 28.1%.
- FY 2024 revenue guidance cut to $600-650M (from $720-750M); adjusted EBITDA guidance $65-75M (from $80-85M).
- Base business (non-migrant) expected $280-300M in 2024, targeting >30% growth and >10% EBITDA margin in 2025.
- Repurchased 2.7M shares at avg $3.69 since Jan 30, 2024; $26M remaining in buyback plan.

## SEC filing metadata
- accession: 0001822359-24-000043
- form_type: 8-K
- ticker: DCGO
- cik: 0001822359
- company_name: DocGo Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822359/000182235924000043/0001822359-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822359/000182235924000043/dcgo-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822359-24-000043
- JSON: https://secwatch.observer/filing/0001822359-24-000043.json
- Plain text: https://secwatch.observer/filing/0001822359-24-000043.txt

## Key facts
- Earnings Releases
  DocGo Inc. reported the quarter ended March 31, 2024 results: revenue $192.1 million, net income $10.6 million. Guidance lowered.
  - Period: the quarter ended March 31, 2024
  - Revenue: $192.1 million
  - Net income: $10.6 million
  - Guidance: lowered
  - Result: reported results
  source text: today announced financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Financial Highlights • Total revenue for the first quarter of 2024 was $192.1 million, compared to $113.0 million in the first quarter of 2023, an increase of 70%. • Gross margin for the first quarter of 2024 was 35.0%, compared to the gross margin in the first
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822359/000182235924000043/0001822359-24-000043-index.htm

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