DocGo reports Q2 2026 results, signs Hicuity Health deal

DocGo (NASDAQ: DCGO ) reported second-quarter financial results on Monday.

The transcript from the company's second-quarter earnings call has been provided below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary DocGo announced a definitive agreement to acquire Hicuity Health, a virtual care provider, marking the company's largest acquisition to date.

The acquisition is expected to create cost synergies and operational efficiencies, with Hicuity's $65 million revenue and $4.5 million adjusted EBITDA contributing to DocGo's growth.

DocGo reported record volumes across key business verticals, including a 58% increase in virtual care and lab orders and 26% growth in healthcare in the home.

Revenue for Q2 2026 was $73.4 million, a decline from $80.4 million in Q2 2025 due to the wind down of migrant-related projects; however, non-migrant revenues increased by 19% year over year.

Adjusted EBITDA loss improved by 40% quarter over quarter, from $10.3 million to $6.3 million, driven by cost-cutting measures and AI efficiency initiatives.

DocGo's future outlook includes achieving a positive adjusted EBITDA run rate by the end of 2026 and further integrating technology into operations to enhance efficiency.

Management expressed optimism about the company's strategic direction, emphasizing a tech-powered healthcare delivery platform and cross-selling opportunities post-Hicuity acquisition.

Full Transcript OPERATOR Good afternoon, ladies and gentlemen, and welcome to DocGo's second quarter earnings call.

At this time, all lines are in a listen-only mode.

Following the presentation, we will conduct a question-and-answer session.

If at any time during this call you require immediate assistance, please press star zero for the operator.

This call is being recorded on Monday, August 17, 2026.

I would now like to turn the conference over to Mike Cole, Vice President of Investor Relations.

Please go ahead.

Mike Cole, Vice President of Investor Relations Thank you, operator.

Before turning the call over to management, I would like to make the following remarks concerning forward-looking statements.

All statements made in this conference call, other than statements of historical fact, are forward-looking statements.

The words may, will, plan, potential, could, goal, outlook, design, anticipate, aim, believe, estimate, expect, intend, guidance, confidence, target, project and other similar expressions may be used to identify such forward-looking statements.

These forward-looking statements are not guarantees of future performance and we cannot assure you that we will achieve or realize our plans, intentions, outcomes, results or expectations.

Forward-looking statements are inherently subject to substantial risks, uncertainties and assumptions, many of which are beyond our control and which may cause our actual results or outcomes, or the timing of results or outcomes, to differ materially from those contained in our forward-looking statements.

These risks, uncertainties and assumptions include, but are not limited to, those discussed in Risk Factors and elsewhere in DocGo's annual report on Form 10-K, quarterly reports on Form 10-Q, our earnings release for this quarter and other reports and statements filed by DocGo with the SEC, to which your attention is directed.

Actual outcomes and results, or the timing of results or outcomes, may differ materially from what is expressed or implied by these forward-looking statements.

In addition, today's call contains references to non-GAAP financial measures.

Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our earnings release and the current report on Form 8-K that includes our earnings release, which is posted on our website docgo.com as well as filed with the SEC.

The information contained in this call is accurate as of only the date discussed.

Investors should not assume that statements will remain relevant and operative at a later time.

We undertake no obligation to update any information discussed in this call to reflect events or circumstances after the date of this call or to reflect new information or the occurrence of unanticipated events, except to the extent required by law.

At this time, it is now my pleasure to turn the call over to Mr.

Lee Beanstalk, CEO of DocGo.

Lee, please go ahead.

Lee Beanstalk, CEO Thank you, Mike.

And thank you all for joining us today.

The second quarter was a transformational period for our company and the recent weeks marked a number of key milestones.