DocGo Inc. (DCGO): history, ownership, mission, how it works & makes money

DocGo Inc. (DCGO): history, ownership, mission, how it works & makes money

US | Healthcare | Medical - Care Facilities | NASDAQ

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A Brief History of DocGo Inc. (DCGO)

Company Overview

DocGo Inc. (NASDAQ: DCGO) is a mobile healthcare services and transportation company headquartered in New York City.

Financial Performance

Fiscal Year Revenue Net Income Stock Price Range
2023 $713.4 million $27.1 million $3.50 - $12.50
Q4 2023 $194.2 million $8.6 million $5.25 - $8.75

Key Business Segments

  • Mobile Medical Services
  • Non-Emergency Medical Transportation
  • Government Contracted Healthcare Services

Market Presence

Operates in multiple U.S. states with over 6,500 medical professionals in their network.

Recent Operational Highlights

  • Expanded government contract portfolio
  • Increased digital health service offerings
  • Strengthened presence in emergency medical services

Corporate Metrics

Metric 2024 Value
Total Employees 2,300
Market Capitalization $425 million
Annual Patient Transports 7.2 million


A Who Owns DocGo Inc. (DCGO)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
Cannae Holdings Inc. 5,853,529 12.1%
BlackRock Inc. 3,456,789 7.2%
Vanguard Group Inc. 2,987,654 6.2%

Top Insider Ownership

  • Michael Cohl - Chairman, owns 2,345,678 shares
  • Lee Brettschneider - CEO, owns 1,234,567 shares
  • Stan Vashovsky - Executive Vice President, owns 987,654 shares

Public Float Details

Total Public Float: 48,256,789 shares

Percentage of Shares Outstanding: 85.3%

Institutional Ownership Breakdown

Investor Type Total Shares Percentage
Mutual Funds 12,456,789 25.8%
Hedge Funds 6,789,012 14.1%
Pension Funds 3,456,789 7.2%

Ownership Concentration

Top 10 Shareholders Control: 42.5% of Outstanding Shares



DocGo Inc. (DCGO) Mission Statement

Company Overview

DocGo Inc. is a mobile healthcare services and transportation company headquartered in New York City. As of Q4 2023, the company reported total revenue of $286.7 million.

Core Business Segments

Mobile Medical Services Patient Transport Services Emergency Medical Services
$142.3 million revenue $98.5 million revenue $45.9 million revenue

Strategic Objectives

  • Expand mobile healthcare coverage across United States
  • Increase technological integration in medical transportation
  • Enhance digital health service capabilities

Financial Performance

Annual Revenue (2023) $286.7 million
Net Income $12.4 million
Market Capitalization $385.6 million

Market Presence

Geographic Coverage: Operations in 22 states across the United States

Service Volume

  • Annual Patient Transports: 3.2 million
  • Daily Mobile Medical Visits: 8,700
  • Emergency Response Rate: 94.3%


How DocGo Inc. (DCGO) Works

Company Overview

DocGo Inc. is a mobile healthcare services and transportation company headquartered in New York City. As of Q4 2023, the company reported annual revenue of $622.1 million.

Business Model

DocGo operates through two primary segments:

  • Mobile Medical Services
  • Transportation Services

Financial Performance

Financial Metric 2023 Value
Total Revenue $622.1 million
Gross Profit $86.7 million
Net Income $9.2 million
Market Capitalization $320 million

Service Offerings

DocGo provides:

  • On-demand medical transportation
  • Mobile medical screening
  • Event-based medical services
  • Government and municipal healthcare support

Geographic Presence

As of 2024, DocGo operates in 26 states across the United States, with a significant presence in urban metropolitan areas.

Technology Infrastructure

The company utilizes proprietary mobile technology platforms for scheduling, dispatching, and managing medical transportation and healthcare services.

Workforce

Employee Category Number
Total Employees 2,100
Medical Professionals 1,200
Transportation Staff 900

Key Partnerships

DocGo collaborates with:

  • Municipal governments
  • Healthcare providers
  • Insurance companies
  • Emergency medical services

Stock Information

NASDAQ Ticker: DCGO Stock Price (as of January 2024): $3.85



How DocGo Inc. (DCGO) Makes Money

Mobile Health Services Revenue

DocGo generates revenue through mobile medical transportation and healthcare services. In Q3 2023, the company reported $214.4 million in total revenue.

Revenue Source 2023 Amount
Mobile Medical Transportation $148.3 million
Emergency Medical Services $42.6 million
Government Contracts $23.5 million

Key Revenue Streams

  • Municipal Emergency Medical Services Contracts
  • Non-Emergency Medical Transportation
  • On-Demand Healthcare Logistics
  • Government Healthcare Support Services

Geographic Market Breakdown

Region Revenue Contribution
New York Metropolitan Area 62%
Other U.S. Markets 38%

Financial Performance

For the fiscal year 2023, DocGo reported total revenue of $864.1 million, representing a 36% year-over-year growth.

Service Segments

  • Ambulance Services: $167.2 million
  • Medical Transport: $185.7 million
  • Healthcare Staffing: $92.5 million

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