Earnings release
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Exhibit 99.1 DOCGO DocGo Announces Second Quarter 2026 Results Company Signs Definitive Agreement to Acquire Virtual Care Provider Hicuity Health , Perceptive Advisors Commits to New Term Loan Funding Management to Host Conference Call and Webcast Today at 5:00 PM Eastern Time NEW YORK , NY , August 17th , 2026 - DocGo Inc. ( Nasdaq : DCGO ) ( “ DocGo ” or the “ Company ” ) , a leading provider of technology - enabled mobile health and medical transportation services , today announced financial and operating results for the second quarter ended June 30 , 2026 . Second Quarter 2026 Financial Highlights • • • • • • Total revenue for the second quarter of 2026 was $ 73.4 million , compared to $ 80.4 million in the second quarter of 2025. This decline was entirely due to the wind - down of migrant - related programs , which generated zero revenue in the second quarter of 2026 and $ 18.8 million in the second quarter of 2025. Excluding revenue from migrant - related programs , total revenue increased 19 % year over year . GAAP gross margin ( which includes depreciation and amortization expenses ) for the second quarter of 2026 was 26.9 % , compared to 26.7 % in the second quarter of 2025 . Adjusted gross margin¹ for the second quarter of 2026 was 30.5 % , compared to 31.6 % in the second quarter of 2025 . Net income for the second quarter of 2026 was ( $ 18.0 ) million , compared to net income of ( $ 13.3 ) million in the second quarter of 2025 . Adjusted EBITDA¹ was ( $ 6.3 ) million for the second quarter of 2026 , compared to adjusted EBITDA of ( $ 6.1 ) million for the second quarter of 2025 . Medical Transportation Services revenue in the second quarter of 2026 was $ 52.0 million , compared to $ 49.6 million for the second quarter of 2025. Mobile Health Services revenue for the second quarter of 2026 was $ 21.4 million , compared to $ 30.8 million for the second quarter of 2025. This decline was entirely due to the wind - down of migrant- related programs . Excluding revenue from migrant - related programs , Mobile Health Services revenue increased 78 % to $ 21.4 million in the second quarter of 2026 from $ 12.0 million in the second quarter of 2025 , driven by organic growth and the inclusion of revenue from SteadyMD . As of June 30 , 2026 , the Company held total cash and cash equivalents , including restricted cash and investments , of approximately $ 48.1 million , compared to $ 59.9 million as of March 31 , 2026. Unrestricted cash and cash equivalents was $ 25.2 million as of June 30 , 2026 , compared to unrestricted cash of $ 35.7 million as of March 31 , 2026 . Select Corporate Highlights for the Second Quarter of 2026 and Recent Weeks • Company achieved record volumes across all major business lines , with US medical transportation increasing 15 % , healthcare in the home increasing 26 % , mobile phlebotomy