← DocGo Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Depreciation expense | — | — | $4.1m | $4.8m | $5.6m | $4.9m | $14.5m | |
| Amortization of intangible assets | $1.5m | $1.8m | $3.2m | $5.2m | $5.7m | $5.6m | — | |
| Amortization of finance lease right-of-use assets | $2.2m | $2.9m | $3.2m | $6.4m | $4.6m | $5.2m | — | |
| Deferred income tax | — | $0 | ($10.0m) | ($2.0m) | $3.5m | $7.7m | $11.4m | |
| Stock-based compensation | — | $1.4m | $8.1m | $21.0m | $13.6m | $17.4m | $15.8m | |
| Intangible asset impairment | — | — | — | $0 | $8.3m | $30.6m | — | |
| Goodwill impairment | — | $0 | $2.9m | $0 | $0 | $58.2m | $106.4m | |
| Equity investment impairment | — | — | — | $0 | $0 | $5.0m | — | |
| Loss on equity method investments | — | $67k | ($9k) | $343k | $316k | $553k | — | |
| Purchase of equity method investments | — | ($656k) | $0 | ($299k) | ($310k) | ($5k) | — | |
| Accounts receivable | ($16.2m) | ($58.0m) | ($8.4m) | ($160.5m) | $41.3m | $112.5m | $78.3m | |
| Receivables exchanged for trade credits | — | $0 | $0 | $1.5m | $0 | $0 | — | |
| Pre-acquisition receivables written off through due to seller | — | — | $0 | $0 | $4.7m | $0 | — | |
| Accounts payable | $12k | $11.9m | $3.6m | ($1.8m) | $8.6m | ($17.6m) | ($6.6m) | |
| Property and equipment in accounts payable | $276k | $75k | $3k | $271k | $222k | $53k | — | |
| Accrued liabilities | $9.7m | $20.8m | ($6.0m) | $59.0m | ($41.9m) | ($10.4m) | $686k | |
| Prepaid expenses and other current assets | $94k | ($961k) | ($4.2m) | ($10.8m) | $13.0m | ($3.4m) | — | |
| Other assets | ($218k) | ($2.5m) | $1.6m | $1.1m | ($1.4m) | $409k | — | |
| Net cash provided by (used in) operating activities | ($248k) |
($1.9m)
-685.71%
|
$28.9m
+1582.47%
|
($64.2m)
-322.45%
|
$70.3m
+209.52%
|
$34.5m
-51.02%
|
$20.6m
-40.27%
|
|
| Purchase of property and equipment | ($4.4m) | ($4.8m) | ($3.2m) | ($7.6m) | ($3.8m) | ($4.5m) | ($6.8m) | |
| Proceeds from disposal of property and equipment | $276k | $75k | $3k | $747k | $274k | $202k | — | |
| Accretion of discount related to restricted investments | — | — | — | $0 | $0 | ($310k) | — | |
| Purchase of restricted investments | — | — | — | $0 | $0 | ($28.6m) | — | |
| Proceeds from sale and maturity of restricted investments | — | — | — | $0 | $0 | $13.2m | — | |
| Net cash used in investing activities | ($115.0m) | ($8.6m) | ($38.4m) | ($29.9m) | ($10.9m) | ($39.1m) | ($32.1m) | |
| Bad debt expense | $1.9m | $4.5m | $3.8m | $3.6m | $5.2m | $12.0m | — | |
| Common stock repurchased | — | $0 | ($3.7m) | $0 | ($13.8m) | ($10.8m) | — | |
| Net cash (used in) provided by financing activities | $116.1m |
$155.2m
+33.65%
|
($6.2m)
-103.98%
|
$1.1m
+118.10%
|
($24.2m)
-2259.21%
|
($50.8m)
-110.38%
|
— | |
| Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents | $879k | $144.6m | ($15.0m) | ($91.9m) | $35.1m | ($54.9m) | — | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | $34.5m | $179.1m | $164.1m | $72.2m | $107.3m | $52.5m | $46.7m | |
| Restricted cash | $2.0m | $3.6m | $6.8m | $12.9m | $18.1m | $1.5m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $196k | ($21k) | $761k | $1.1m | ($191k) | $596k | $72k | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Net (loss) income | ($14.8m) | $19.2m | $30.7m | $10.0m | $13.4m | ($196.4m) | — | |
| Loss (gain) on disposal of assets | ($31k) | $34k | $21k | $853k | ($24k) | $40k | — | |
| Loss on remeasurement of operating and finance leases | — | $0 | ($1.4m) | $866 | $32k | $42k | — | |
| Loss on liquidation of business | — | $0 | $0 | $70k | $0 | $0 | — | |
| Loss (gain) on change in fair value of contingent consideration | — | $0 | $0 | ($1.4m) | ($9.4m) | $2.1m | — | |
| Operating lease liabilities and right-of-use assets | — | — | — | $0 | $33k | $200k | — | |
| Purchase of intangibles | ($2.0m) | ($1.8m) | ($2.3m) | ($2.5m) | ($2.0m) | ($2.9m) | ($2.8m) | |
| Acquisition of businesses, net of cash acquired | — | ($1.3m) | ($33.0m) | ($20.2m) | $0 | ($16.4m) | — | |
| Purchase of equity securities | — | — | $0 | $0 | ($5.0m) | $0 | — | |
| Proceeds from revolving credit line | — | $8.0m | $0 | $25.0m | $45.0m | $0 | — | |
| Repayments of revolving credit line | — | ($8.0m) | ($26k) | $0 | ($40.0m) | ($30.0m) | — | |
| Proceeds from notes payable | — | — | — | $0 | $0 | $259k | — | |
| Repayments of notes payable | ($798k) | ($605k) | ($925k) | ($26k) | ($52k) | ($41k) | — | |
| Due to seller | ($34k) | ($596k) | ($2.5m) | ($13.6m) | ($3.1m) | ($878k) | — | |
| Acquisition of noncontrolling interest | — | — | $0 | $0 | ($1.8m) | $0 | — | |
| Earnout payments on contingent liabilities | — | $0 | $0 | ($5.3m) | ($3.6m) | ($2.0m) | — | |
| Distributions paid to noncontrolling interest | $441k | $525k | $0 | $0 | ($1.3m) | ($176k) | — | |
| Proceeds from exercise of stock options | — | $629k | $2.0m | $1.6m | $26k | $0 | — | |
| Payments for taxes related to shares withheld for employee taxes | — | $0 | $0 | ($2.3m) | ($1.2m) | ($1.8m) | — | |
| Payments on obligations under finance lease | ($1.5m) | ($2.2m) | ($3.0m) | ($4.3m) | ($4.3m) | ($5.4m) | — | |
| Cash paid for interest | $608k | $315k | $197k | $250k | $2.1m | $1.7m | — | |
| Cash paid for interest on finance lease liabilities | $441k | $525k | $560k | $600k | $769k | $959k | — | |
| Cash paid for income taxes, net of refunds | $117k | $616k | $1.5m | $4.3m | $7.2m | $6.5m | — | |
| Right-of-use assets obtained in exchange for lease liabilities | $1.6m | $5.3m | $5.0m | $7.6m | $14.0m | $11.7m | — | |
| Remeasurement of finance lease right-of-use asset due to lease modification | — | — | $0 | $0 | $300k | $0 | — | |
| Acquisition of remaining FMC NA through due to seller and issuance of stock | — | $0 | $0 | $8.0m | $0 | $0 | — | |
| CRMS True-up Payment through issuance of stock | — | — | $0 | $0 | $1.8m | $0 | — | |
| Cash | $879k | $175.5m | $157.3m | $59.3m | $89.2m | $51.0m | $20.6m |