The earnings call presented a balanced view with strategic contract wins, digital transformation progress, and cost reduction initiatives being positive aspects. However, revenue decline, increased net loss, and negative free cash flow are significant challenges. While there are promising strategic initiatives underway, financial performance in the short term remains challenging.

Company Guidance

During the first quarter 2025 financial results conference call, ModivCare Inc. outlined several key metrics and strategic objectives guiding its operations. Revenue for the quarter was reported at $650.7 million, representing a 5% year-over-year decline, primarily due to known contract attrition in the NEMT segment. The company secured two new Medicaid managed care contracts worth approximately $52 million annually, with projected in-year contributions of around $38 million. Despite a net loss of $50.4 million, up from $22.3 million the previous year, ModivCare focused on cost-saving measures, including a $25 million reduction in G&A expenses and improvements in capital efficiency. The self-service call-to-trip ratio for NEMT increased to 36.1%, and digital trip volumes surpassed 1 million transactions. Adjusted EBITDA was $32.6 million, reflecting a sequential decline but aligning with expectations. ModivCare emphasized its commitment to five strategic objectives, including digitizing its care access platform and increasing capital efficiency, while not providing formal guidance for 2025 but focusing on executing measurable initiatives.

Strategic Contract Wins

Secured two new Medicaid managed care contracts in the Southwest and Pacific regions with a combined annual contract value of approximately $52 million. Additionally, submitted four state contract renewals totaling over $246 million in annual contract value.

Digital Transformation Progress

Self-service call-to-trip ratio increased to 36.1% from 31% a year ago, with digital reservations supported by API integration and channel enhancements. Automated intake and trip adjudication reduced unit costs by 1.2% year-over-year.

Cost Reduction Initiatives

Launched a company-wide G&A reduction initiative targeting approximately $25 million in annualized savings. Structural realignment and cost-saving measures implemented in late 2024 and early 2025 are expected to drive additional savings.

Improved Operational Efficiency

Implemented a full operating restructure in the NEMT segment, integrating trip operations under unified regional leadership, enhancing decision speed and financial accountability.

Monitoring Segment Growth

Increased Medicaid LTSS referrals by 45% year-over-year in Indiana and launched additional programs in new states. Operating under three active condition-based monitoring contracts.

ModivCare (MODV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MODV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.91 / -	0.45	―	―	―
Jul 31, 2025	2025 (Q2)	-0.99 / -	-0.03	―	―	―
May 08, 2025	2025 (Q1)	-0.45 / -1.71	-0.09	-1800.00% (-1.62)
Mar 06, 2025	2024 (Q4)	0.51 / 0.19	1.29	-85.27% (-1.10)
Nov 06, 2024	2024 (Q3)	0.62 / 0.45	1.44	-68.75% (-0.99)
Aug 07, 2024	2024 (Q2)	0.77 / -0.03	1.47	-102.04% (-1.50)
May 02, 2024	2024 (Q1)	0.27 / -0.09	1.42	-106.34% (-1.51)
Feb 22, 2024	2023 (Q4)	1.28 / 1.29	2.11	-38.86% (-0.82)
Nov 02, 2023	2023 (Q3)	1.11 / 1.44	1.61	-10.56% (-0.17)
Aug 03, 2023	2023 (Q2)	1.62 / 1.47	1.99	-26.13% (-0.52)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MODV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$3.04	$2.89	-4.93%
May 08, 2025	$1.35	$1.17	-13.33%
Mar 06, 2025	$3.55	$2.75	-22.54%
Nov 06, 2024	$16.95	$18.00	+6.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Modivcare Inc. (MODV) report earnings?

Modivcare Inc. (MODV) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Modivcare Inc. (MODV) earnings time?

Modivcare Inc. (MODV) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MODV EPS forecast?

MODV EPS forecast for the fiscal quarter 2025 (Q3) is -0.91.

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