DocGo Inc. reported second quarter results that missed analyst expectations on both earnings and revenue. The company posted a loss of $0.16 per share for the quarter ended June 30, 2026, compared to the analyst consensus estimate of $0.10. Revenue totaled $73.4 million, falling short of the $75.4 million consensus and down 9% year-over-year from $80.4 million in the second quarter of 2025.
Revenue Breakdown
Excluding migrant-related programs, total revenue increased 19% year-over-year. The revenue decline was entirely attributed to the wind-down of migrant-related programs, which generated zero revenue in the current quarter versus $18.8 million in the prior year period.
Outlook Revision
DocGo narrowed its full-year 2026 revenue guidance to $305-$310 million, compared to prior guidance of $300-$315 million. However, the company significantly lowered its full-year adjusted EBITDA outlook to -$17 million to -$22 million, compared to prior guidance of -$5 million to -$10 million.
Acquisition Announcement
DocGo announced a definitive agreement to acquire virtual care provider Hicuity Health, which generated approximately $65 million in revenue and $4.5 million of adjusted EBITDA on a trailing 12-month basis. The acquisition will be completed through the assumption of approximately $52 million in existing debt held by Perceptive Advisors.