DocGo Inc (NASDAQ: DCGO) is a healthcare services company that delivers mobile health and medical transportation services across all 50 U.S. states and the United Kingdom. Revenue comes from two operating segments: Mobile Health Services, which covers on-site clinical care, virtual care management, and care gap closure programs, and Transportation Services, which covers ambulance and patient transport. Customers include municipalities, hospital networks, health insurance payors, and government agencies. Government contracts represented a substantial portion of overall revenue in recent years, driven primarily by migrant-related services in New York City, though that work began winding down in mid-2024 and continued declining into FY2025. As of December 31, 2025, DocGo had been assigned over 1.45 million patients from seven insurance payors for care gap closure programs since inception. The company trades on Nasdaq under the ticker DCGO, has not paid cash dividends, and reported net interest expense of approximately $1.3 million for the year ended December 31, 2025.

Revenue model

Transactional fee-for-service model across two segments: Mobile Health Services (mobile clinical visits, virtual care, care gap closure) and Transportation Services (ambulance and medical transport). Revenue is generated per service delivered to patients, with contracts structured through municipalities, hospital networks, insurance payors, and government agencies.

Products and services

Mobile health services including on-site clinical care, vaccines, bone density screenings, and virtual care management. Ambulance and medical transportation services. Care gap closure programs for health insurance payors. Proprietary technology platform supporting clinician connectivity and transport productivity.

Customers and end markets

Municipalities, hospital networks, health insurance payors, and government agencies. Government contracts, including large migrant-related projects in New York City, represented a substantial portion of revenue in recent years but began winding down in 2024. Seven insurance payors had assigned over 1.45 million patients for care gap closure services as of December 31, 2025.

Value-chain role

Direct service provider operating its own fleet of medical response vehicles and a network of employed and subcontracted clinical staff. Vertically integrated across care delivery, technology, and transport. Uses proprietary technology to manage workforce productivity and transport efficiency.

Geographic exposure

All 50 U.S. states and the United Kingdom, as disclosed in the 10-K filed 2026-03-16.

Source: SEC 10-K, filed 2026-03-16

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