Investment Thesis
DocGo is experiencing severe operational deterioration with a catastrophic 47.7% YoY revenue collapse while operating at significant losses (-24.8% margin). Despite maintaining adequate liquidity, the company is burning cash from operations (-$4.7M) and generating negative free cash flow, indicating the business cannot sustain itself without depleting reserves.
Strengths
- Strong liquidity position with 1.79x current ratio provides near-term operational flexibility
- Minimal debt burden with only $221K long-term debt and 0.00x debt-to-equity ratio
- Positive stockholders' equity of $132.3M and $35.7M cash reserves provide financial cushion
Risks
- Catastrophic 47.7% revenue decline YoY indicating loss of major contracts or market share deterioration
- Persistent operating losses (-$18.7M) and negative cash flow from operations (-$4.7M) signal unsustainable business model
- Company burning cash without operating profitability; at current burn rate, liquidity runway is limited despite adequate reserves
- Negative ROE (-11.2%) and ROA (-7.1%) indicate assets and equity are destroying shareholder value
Key Metrics to Watch
- Revenue trajectory and stabilization of YoY decline rate
- Path to operating profitability and return to positive operating margins
- Operating cash flow recovery and ability to achieve positive FCF
Financial Metrics
Revenue
75.6M
Net Income
-14.8M
EPS (Diluted)
$-0.15
Free Cash Flow
-5.1M
Total Assets
209.2M
Cash
35.7M
Profitability Ratios
Gross Margin
N/A
Operating Margin
-24.8%
Net Margin
-19.5%
ROE
-11.2%
ROA
-7.1%
FCF Margin
-6.7%
Balance Sheet & Liquidity
Current Ratio
1.79x
Quick Ratio
1.79x
Debt/Equity
0.00x
Debt/Assets
46.8%
Interest Coverage
-169.79x
Long-term Debt
221.0K
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-05-13T08:14:38.706986 |
Data as of: 2026-03-31 |
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