DocGo Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation expense $4.1m $4.8m $5.6m $4.9m
Amortization of intangible assets $1.5m $1.8m $3.2m $5.2m $5.7m $5.6m
Amortization of finance lease right-of-use assets $2.2m $2.9m $3.2m $6.4m $4.6m $5.2m
Deferred income tax $0 ($10.0m) ($2.0m) $3.5m $7.7m
Intangible asset impairment $0 $8.3m $30.6m
Goodwill impairment $0 $2.9m $0 $0 $58.2m
Equity investment impairment $0 $0 $5.0m
Loss on equity method investments $67k ($9k) $343k $316k $553k
Operating lease liabilities and right-of-use assets $0 $33k $200k
Purchase of equity method investments ($656k) $0 ($299k) ($310k) ($5k)
Net (loss) income ($14.8m) $19.2m $30.7m $10.0m $13.4m ($196.4m)
Loss (gain) on disposal of assets ($31k) $34k $21k $853k ($24k) $40k
Accretion of discount related to restricted investments $0 $0 ($310k)
Bad debt expense $1.9m $4.5m $3.8m $3.6m $5.2m $12.0m
Stock-based compensation $1.4m $8.1m $21.0m $13.6m $17.4m
Loss on remeasurement of operating and finance leases $0 ($1.4m) $866 $32k $42k
Loss on liquidation of business $0 $0 $70k $0 $0
Loss (gain) on change in fair value of contingent consideration $0 $0 ($1.4m) ($9.4m) $2.1m
Accounts receivable ($16.2m) ($58.0m) ($8.4m) ($160.5m) $41.3m $112.5m
Prepaid expenses and other current assets $94k ($961k) ($4.2m) ($10.8m) $13.0m ($3.4m)
Other assets ($218k) ($2.5m) $1.6m $1.1m ($1.4m) $409k
Accounts payable $12k $11.9m $3.6m ($1.8m) $8.6m ($17.6m)
Accrued liabilities $9.7m $20.8m ($6.0m) $59.0m ($41.9m) ($10.4m)
Purchase of property and equipment ($4.4m) ($4.8m) ($3.2m) ($7.6m) ($3.8m) ($4.5m)
Purchase of intangibles ($2.0m) ($1.8m) ($2.3m) ($2.5m) ($2.0m) ($2.9m)
Purchase of equity securities $0 $0 ($5.0m) $0
Proceeds from disposal of property and equipment $276k $75k $3k $747k $274k $202k
Proceeds from revolving credit line $8.0m $0 $25.0m $45.0m $0
Repayments of revolving credit line ($8.0m) ($26k) $0 ($40.0m) ($30.0m)
Proceeds from notes payable $0 $0 $259k
Repayments of notes payable ($798k) ($605k) ($925k) ($26k) ($52k) ($41k)
Due to seller ($34k) ($596k) ($2.5m) ($13.6m) ($3.1m) ($878k)
Earnout payments on contingent liabilities $0 $0 ($5.3m) ($3.6m) ($2.0m)
Proceeds from exercise of stock options $629k $2.0m $1.6m $26k $0
Payments for taxes related to shares withheld for employee taxes $0 $0 ($2.3m) ($1.2m) ($1.8m)
Payments on obligations under finance lease ($1.5m) ($2.2m) ($3.0m) ($4.3m) ($4.3m) ($5.4m)
Right-of-use assets obtained in exchange for lease liabilities $1.6m $5.3m $5.0m $7.6m $14.0m $11.7m
Remeasurement of finance lease right-of-use asset due to lease modification $0 $0 $300k $0
Property and equipment in accounts payable $276k $75k $3k $271k $222k $53k
Acquisition of remaining FMC NA through due to seller and issuance of stock $0 $0 $8.0m $0 $0
CRMS True-up Payment through issuance of stock $0 $0 $1.8m $0
Receivables exchanged for trade credits $0 $0 $1.5m $0 $0
Pre-acquisition receivables written off through due to seller $0 $0 $4.7m $0
Cash $879k $175.5m $157.3m $59.3m $89.2m $51.0m
Net cash provided by (used in) operating activities ($248k) ($1.9m) $28.9m ($64.2m) $70.3m $34.5m
Acquisition of businesses, net of cash acquired ($1.3m) ($33.0m) ($20.2m) $0 ($16.4m)
Purchase of restricted investments $0 $0 ($28.6m)
Proceeds from sale and maturity of restricted investments $0 $0 $13.2m
Net cash used in investing activities ($115.0m) ($8.6m) ($38.4m) ($29.9m) ($10.9m) ($39.1m)
Common stock repurchased $0 ($3.7m) $0 ($13.8m) ($10.8m)
Acquisition of noncontrolling interest $0 $0 ($1.8m) $0
Distributions paid to noncontrolling interest $441k $525k $0 $0 ($1.3m) ($176k)
Net cash (used in) provided by financing activities $116.1m $155.2m ($6.2m) $1.1m ($24.2m) ($50.8m)
Effect of exchange rate changes on cash and cash equivalents $196k ($21k) $761k $1.1m ($191k) $596k
Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents $879k $144.6m ($15.0m) ($91.9m) $35.1m ($54.9m)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period $34.5m $179.1m $164.1m $72.2m $107.3m $52.5m
Restricted cash $2.0m $3.6m $6.8m $12.9m $18.1m $1.5m
Cash paid for interest $608k $315k $197k $250k $2.1m $1.7m
Cash paid for interest on finance lease liabilities $441k $525k $560k $600k $769k $959k
Cash paid for income taxes, net of refunds $117k $616k $1.5m $4.3m $7.2m $6.5m