DocGo reports Q2 EPS (11c), consensus (23c)

Reports Q2 revenue $80.4M, consensus $77.36M. Lee Bienstock, Chief Executive Officer of DocGo (DCGO) commented, “We continue to make substantial progress expanding our payer and provider business and building a strong foundation for the future. During the quarter we surpassed 1.2 million patients assigned for care gap closure services and completed more in-home visits in the first half of 2025 than we did in the entirety of 2024. We also launched a new care gap closure program with one of the largest not-for-profit Medicare and Medicaid public health plans in the US and expanded our transition of care services with a long-time payer customer from one hospital to four. While it takes time for these payer and provider relationships to mature, we believe these developments continue to demonstrate that our exceptionally strong customer base offers sizeable growth potential. On the back of this demand, we anticipate entering more than a half dozen new states in this vertical by the end of 2026. Additionally, we launched services for a major new medical transportation customer in the New York market on July 1, which we expect will help drive our highest-ever revenues and trip volumes in this vertical during the second half of the year.”