DocGo (DCGO) reported second-quarter 2026 revenue of $73.4 million, down from $80.4 million a year earlier, and a GAAP net loss of $18.0 million, compared with a $13.3 million loss in the prior-year quarter. Basic and diluted net loss per share were both $0.16.
The company also announced a definitive agreement to acquire virtual-care provider Hicuity Health and said Perceptive Advisors committed up to $50 million in additional debt financing. DocGo narrowed its 2026 revenue guidance to $305 million to $310 million.
- Medical Transportation Services revenue rose to $52.0 million from $49.6 million.
- Mobile Health Services revenue was $21.4 million, down from $30.8 million; excluding migrant-related programs, it increased 78% from $12.0 million.
- GAAP gross margin was 26.9%, compared with 26.7% a year earlier.
- Cash, cash equivalents, restricted cash and investments totaled approximately $48.1 million as of June 30, 2026.
- Hicuity generated approximately $65 million of trailing-12-month revenue and $4.5 million of adjusted EBITDA, according to DocGo.
- Full-year adjusted EBITDA guidance was set at a loss of $17 million to $22 million.
$DCGO Hedge Fund Activity
We have seen 63 institutional investors add shares of $DCGO stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 4,911,965 shares (-77.2%) from their portfolio in Q2 2026, for an estimated $2,535,065
- STATE STREET CORP removed 1,545,524 shares (-78.6%) from their portfolio in Q2 2026, for an estimated $797,644
- PEAPOD LANE CAPITAL LLC added 1,370,924 shares (+121.4%) to their portfolio in Q2 2026, for an estimated $707,533
- GEODE CAPITAL MANAGEMENT, LLC removed 1,344,219 shares (-55.8%) from their portfolio in Q2 2026, for an estimated $693,751
- AQR CAPITAL MANAGEMENT LLC added 973,704 shares (+132.4%) to their portfolio in Q2 2026, for an estimated $502,528
- GOLDMAN SACHS GROUP INC removed 830,905 shares (-82.5%) from their portfolio in Q2 2026, for an estimated $428,830
- RENAISSANCE TECHNOLOGIES LLC added 744,009 shares (+49.3%) to their portfolio in Q2 2026, for an estimated $383,983
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
