secwatch.observer — SEC 8-K summary
======================================

Issuer:     DocGo Inc. (DCGO)
CIK:        0001822359
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001822359-25-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DocGo Q1 revenue $96M (down 50% YoY); slashes 2025 guidance to $300-330M, expects negative adjusted EBITDA
--------------------------------------------------------------------------------

- Q1 2025 revenue $96.0M vs $192.1M YoY; net loss $11.1M vs net income $10.6M.
- Adjusted EBITDA loss $3.9M vs $24.1M YoY; GAAP gross margin 28.2% vs 32.8%.
- Full-year revenue guidance lowered to $300-330M (from $410-450M); adjusted EBITDA loss of $20-30M expected.
- Guidance revision driven by removal of all non-migrant Government Population Health revenue due to policy uncertainty.
- Cash $103.1M; repurchased 1.95M shares for $5.8M; expects positive cash flow from migrant receivables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822359/000182235925000040/0001822359-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822359/000182235925000040/dcgo-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001822359-25-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer