$MODV
ModivCare Inc Stock $modv

$modv Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000122075424000035 Filed on May 03, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$698.3M	$684.5M
YoY Change	-0.12%	3.34%
Cost Of Revenue	$588.1M	$583.6M
YoY Change	-0.2%	6.05%
Gross Profit	$110.2M	$100.9M
YoY Change	0.32%	-9.96%
Gross Profit Margin	15.78%	14.74%
Selling, General & Admin	$76.07M	$77.18M
YoY Change	-4.01%	-3.18%
% of Gross Profit	69.03%	76.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$27.75M	$7.324M
YoY Change	7.11%	26.45%
% of Gross Profit	25.18%	7.26%
Operating Expenses	$797.2M	$687.8M
YoY Change	658.18%	4.91%
Operating Profit	-$98.92M	-$3.395M
YoY Change	-2203.34%	-141.92%
Interest Expense	-$19.95M	-$18.69M
YoY Change	17.58%	17.09%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$118.9M	-$22.08M
YoY Change	-38.32%	180.93%
Income Tax	$9.558M	-$543.0K
% Of Pretax Income
Net Earnings	-$128.9M	-$22.30M
YoY Change	-32.5%	462.85%
Net Earnings / Revenue	-18.46%	-3.26%
Basic Earnings Per Share	-$9.07	-$1.57
Diluted Earnings Per Share	-$9.07	-$1.57
COMMON SHARES
Basic Shares Outstanding	14.21M shares	14.20M shares
Diluted Shares Outstanding	14.22M shares	14.20M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$10.55M	$10.34M
YoY Change	52.88%	-19.51%
Cash & Equivalents	$10.50M	$10.30M
Short-Term Investments
Other Short-Term Assets	$42.53M	$30.78M
YoY Change	10.39%	-12.0%
Inventory
Prepaid Expenses
Receivables	$229.6M	$214.1M
Other Receivables	$14.63M	$14.09M
Total Short-Term Assets	$456.7M	$404.0M
YoY Change	16.22%	16.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$123.6M	$126.8M
YoY Change	4.55%	8.78%
Goodwill	$680.3M	$785.6M
YoY Change	-13.4%	-18.9%
Intangibles	$21.44M	$25.78M
YoY Change	-44.79%	-40.4%
Long-Term Investments	$39.34M	$40.25M
YoY Change	-12.8%	-7.9%
Other Assets	$48.42M	$46.77M
YoY Change	12.89%	5.19%
Total Long-Term Assets	$1.219B	$1.360B
YoY Change	-12.4%	-14.64%
TOTAL ASSETS
Total Short-Term Assets	$456.7M	$404.0M
Total Long-Term Assets	$1.219B	$1.360B
Total Assets	$1.676B	$1.764B
YoY Change	-6.1%	-9.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$62.01M	$54.65M
YoY Change	10.63%	-0.62%
Accrued Expenses	$120.5M	$139.8M
YoY Change	-50.14%	5.14%
Deferred Revenue	$563.0K	$824.0K
YoY Change	-76.09%	-61.76%
Short-Term Debt	$183.0M	$121.0M
YoY Change	44.66%	706.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$568.6M	$539.3M
YoY Change	6.64%	9.14%
LONG-TERM LIABILITIES
Long-Term Debt	$986.1M	$984.9M
YoY Change	0.46%	0.46%
Other Long-Term Liabilities	$33.68M	$33.31M
YoY Change	-45.54%	13.45%
Total Long-Term Liabilities	$1.020B	$1.018B
YoY Change	-2.27%	0.83%
TOTAL LIABILITIES
Total Short-Term Liabilities	$568.6M	$539.3M
Total Long-Term Liabilities	$1.020B	$1.018B
Total Liabilities	$1.667B	$1.628B
YoY Change	2.65%	2.38%
SHAREHOLDERS EQUITY
Retained Earnings	-$175.6M	-$46.74M
YoY Change	1080.01%	-126.55%
Common Stock	$455.2M	$453.0M
YoY Change	1.9%	1.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$9.515M	$135.8M
YoY Change
Total Liabilities & Shareholders Equity	$1.676B	$1.764B
YoY Change	-6.1%	-9.14%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	-$128.9M	-$22.30M
YoY Change	-32.5%	462.85%
Depreciation, Depletion And Amortization	$27.75M	$7.324M
YoY Change	7.11%	26.45%
Cash From Operating Activities	-$55.29M	$9.560M
YoY Change	-48.91%	-460.08%
INVESTING ACTIVITIES
Capital Expenditures	$6.697M	$7.856M
YoY Change	-25.13%	-41.02%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$6.697M	-$7.856M
YoY Change	-25.13%	-41.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	62.20M	$6.380M
YoY Change	-44.09%	-55.63%
NET CHANGE
Cash From Operating Activities	-55.29M	$9.560M
Cash From Investing Activities	-6.697M	-$7.856M
Cash From Financing Activities	62.20M	$6.380M
Net Change In Cash	216.0K	$8.084M
YoY Change	-103.65%	-606.83%
FREE CASH FLOW
Cash From Operating Activities	-$55.29M	$9.560M
Capital Expenditures	$6.697M	$7.856M
Free Cash Flow	-$61.98M	$1.704M
YoY Change	-47.1%	-110.67%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19799177	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19799177	shares
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14202000	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19775041	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19775041	shares
CY2024Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	583566000	usd
CY2023Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	550266000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	77177000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	79713000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	27103000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	25693000	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	687846000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	655672000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3395000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	8098000	usd
CY2024Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-18686000	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-15958000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-22081000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-7860000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-543000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1873000	usd
CY2024Q1	modv	Equity Method Investment Income Loss Net Of Tax EquityMethodInvestmentIncomeLossNetOfTax	-762000	usd
CY2023Q1	modv	Equity Method Investment Income Loss Net Of Tax EquityMethodInvestmentIncomeLossNetOfTax	2025000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-22300000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-3962000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.57
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.28
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.57
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.28
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14163511	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14202000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14163511	shares
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-22300000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-3962000	usd
CY2024Q1	us-gaap	Depreciation Depreciation	7324000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	5792000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold Amortization CostOfGoodsAndServicesSoldAmortization	19779000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold Amortization CostOfGoodsAndServicesSoldAmortization	19901000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2010000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1124000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-3778000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-3624000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1407000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1278000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1056000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2810000	usd
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	2947000	usd
CY2023Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	3547000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3183000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-25163000	usd
CY2024Q1	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	-9280000	usd
CY2023Q1	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	26893000	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2740000	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1734000	usd
CY2024Q1	modv	Increase Decrease In Long Term Receivables IncreaseDecreaseInLongTermReceivables	19598000	usd
CY2023Q1	modv	Increase Decrease In Long Term Receivables IncreaseDecreaseInLongTermReceivables	3897000	usd
CY2024Q1	modv	Increase Decrease In Contract Payables IncreaseDecreaseInContractPayables	10910000	usd
CY2023Q1	modv	Increase Decrease In Contract Payables IncreaseDecreaseInContractPayables	-6667000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	11314000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2854000	usd
CY2024Q1	modv	Increase Decrease In Accrued Transportation Costs IncreaseDecreaseInAccruedTransportationCosts	-10399000	usd
CY2023Q1	modv	Increase Decrease In Accrued Transportation Costs IncreaseDecreaseInAccruedTransportationCosts	-3125000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-2162000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	356000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-2997000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-3538000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	9560000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2655000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7856000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	13320000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7856000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13320000	usd
CY2024Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	7200000	usd
CY2023Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	15000000	usd
CY2024Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	756000	usd
CY2023Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	64000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	620000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	6380000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	14380000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	8084000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1595000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2782000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	14975000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10866000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13380000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	4221000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	1200000	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	270000	usd
CY2024Q1	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	13700000	usd
CY2023Q4	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	14600000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	429000	usd
CY2024Q1	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	3736000	usd
CY2023Q1	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	4453000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	156195000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-22300000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1973000	usd
CY2024Q1	modv	Stock Issued During Period Value Performance Restricted Stock Award Gross StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross	-64000	usd
CY2024Q1	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	37000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	135841000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	354556000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-3962000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1039000	usd
CY2023Q1	modv	Stock Issued During Period Value Performance Restricted Stock Award Gross StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross	-620000	usd
CY2023Q1	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	85000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	351098000	usd
CY2024Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Reclassifications: </span>Certain prior year amounts have been reclassified to conform to current year presentation.
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10300000	usd
CY2024Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	362900000	usd
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including disclosure of contingencies, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024Q1	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	6400000	usd
CY2023Q4	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	5200000	usd
CY2024Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	1300000	usd
CY2023Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	500000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	segment
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	684451000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	583566000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	77177000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	27103000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3395000	usd
CY2024Q1	modv	Equity Method Investment Gain Loss From Continuing Operations EquityMethodInvestmentGainLossFromContinuingOperations	762000	usd
CY2024Q1	us-gaap	Equity Method Investments EquityMethodInvestments	40247000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	785554000	usd
CY2024Q1	us-gaap	Assets Assets	1764048000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	662306000	usd
CY2023Q1	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	1464000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	550266000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	79713000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	25693000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	8098000	usd
CY2023Q1	modv	Equity Method Investment Gain Loss From Continuing Operations EquityMethodInvestmentGainLossFromContinuingOperations	-2025000	usd
CY2023Q1	us-gaap	Equity Method Investments EquityMethodInvestments	43698000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	968654000	usd
CY2023Q1	us-gaap	Assets Assets	1941529000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	684451000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	662306000	usd
CY2024Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	214517000	usd
CY2023Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	223506000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	411000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	969000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	214106000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	222537000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	128399000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	117488000	usd
CY2024Q1	modv	Contract With Customer Asset Receivable Reconciliation ContractWithCustomerAssetReceivableReconciliation	134680000	usd
CY2023Q4	modv	Contract With Customer Asset Receivable Reconciliation ContractWithCustomerAssetReceivableReconciliation	143960000	usd
CY2024Q1	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	19598000	usd
CY2023Q4	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	0	usd
CY2024Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	824000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2629000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	117488000	usd
CY2024Q1	modv	Contract With Customer Liability Additional Amounts Recorded ContractWithCustomerLiabilityAdditionalAmountsRecorded	17195000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract	6284000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	128399000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	143960000	usd
CY2024Q1	modv	Contract With Customer Asset Additional Amounts Recorded ContractWithCustomerAssetAdditionalAmountsRecorded	46737000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract	36419000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	154278000	usd
CY2024Q1	us-gaap	Prepaid Insurance PrepaidInsurance	4276000	usd
CY2023Q4	us-gaap	Prepaid Insurance PrepaidInsurance	7231000	usd
CY2024Q1	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	3916000	usd
CY2023Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	2875000	usd
CY2024Q1	us-gaap	Deferred Finance Costs Current Gross DeferredFinanceCostsCurrentGross	3175000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Current Gross DeferredFinanceCostsCurrentGross	2638000	usd
CY2024Q1	us-gaap	Prepaid Taxes PrepaidTaxes	1693000	usd
CY2023Q4	us-gaap	Prepaid Taxes PrepaidTaxes	2418000	usd
CY2024Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	17195000	usd
CY2023Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	11866000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	30255000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	27028000	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	47546000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	48033000	usd
CY2024Q1	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	25031000	usd
CY2023Q4	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	22014000	usd
CY2024Q1	us-gaap	Interest Payable Current InterestPayableCurrent	24389000	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	10498000	usd
CY2024Q1	modv	Accrued Operating Expense Current AccruedOperatingExpenseCurrent	12565000	usd
CY2023Q4	modv	Accrued Operating Expense Current AccruedOperatingExpenseCurrent	15884000	usd
CY2024Q1	modv	Accrued Government Grants Current AccruedGovernmentGrantsCurrent	9552000	usd
CY2023Q4	modv	Accrued Government Grants Current AccruedGovernmentGrantsCurrent	9156000	usd
CY2024Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	8656000	usd
CY2023Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	10148000	usd
CY2024Q1	modv	Accrued Union Pension Obligation Current AccruedUnionPensionObligationCurrent	947000	usd
CY2023Q4	modv	Accrued Union Pension Obligation Current AccruedUnionPensionObligationCurrent	1573000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	824000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2629000	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	10302000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	7966000	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	139812000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	127901000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P3Y
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	0	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-22300000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-3962000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14202000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14163511	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14202000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14163511	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.57
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.28
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.57
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.28
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.025
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.238
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001220754-24-000035-index-headers.html	Edgar Link	pending
0001220754-24-000035-index.html	Edgar Link	pending
0001220754-24-000035.txt	Edgar Link	pending
0001220754-24-000035-xbrl.zip	Edgar Link	pending
a2024prsu.jpg	Edgar Link	pending
ex101modv-formofprsuagreem.htm	Edgar Link	pending
ex311-modvq33312024ex311.htm	Edgar Link	pending
ex312-modvq33312024ex312.htm	Edgar Link	pending
ex321-modvq33312024ex321.htm	Edgar Link	pending
ex322-modvq33312024ex322.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
modv-20240331.htm	Edgar Link	pending
modv-20240331.xsd	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
picture1.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R22.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
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R32.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
modv-20240331_lab.xml	Edgar Link	unprocessable
modv-20240331_pre.xml	Edgar Link	unprocessable
modv-20240331_htm.xml	Edgar Link	completed
Show.js	Edgar Link	pending
modv-20240331_cal.xml	Edgar Link	unprocessable
modv-20240331_def.xml	Edgar Link	unprocessable

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$MODV
ModivCare Inc Stock $modv

2024 Q2 Form 10-Q Financial Statement

#000122075424000035 Filed on May 03, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MODV ModivCare Inc Stock $modv

2024 Q2 Form 10-Q Financial Statement

#000122075424000035 Filed on May 03, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MODV
ModivCare Inc Stock $modv