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Docgo Inc. key statistics and ratios

In fiscal 2025, Docgo Inc. had return on equity of -78.5% and a net margin of -56.6%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−15.7%7.4%7.9%1.1%3.2%−56.6%−65.3%
Return on equity−26.9%17.3%14.0%2.4%6.4%−78.5%−146.3%
Return on assets−14.8%11.6%9.8%1.6%4.2%−54.2%−95.3%
Effective tax rate—3.1%−34.9%38.3%51.9%——
R&D as % of revenue1.3%1.0%1.2%1.7%1.9%4.2%4.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 7 checks passed · June 30, 2026
What it owns · $187m
Short-term assets $120mLonger-term assets $67m
What it owes, and who funded it · $210m
Short-term liabilities $72mLonger-term liabilities $19mShareholders' equity $119m
  • Short-term assets cover short-term liabilities $120m of assets due within a year against $72m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $120m short-term assets against $19m of longer-dated liabilities.
  • More cash than debt $25m of cash against $207,373 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt −$23m of operating cash flow against $207,373 of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Docgo Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

18 /100

Weak moat

How hard Docgo's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 2.0% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -0.2%; its worst year was -62.2%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 2 of 5 years, at a median -5.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (24 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: DCGO vs VMDDCGO vs DLHCDCGO vs SBC

More: Health Care Services stocks compared, Health Care sector, rankings of US companies

Figures from Docgo Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Docgo Inc.