DocGo Inc. announced its financial and operating results for the fourth quarter and full year ended December 31, 2024. The company generated $70.3 million in operating cash flow for the full year 2024, a substantial improvement from a negative $64.2 million in 2023.
This turnaround in operating cash flow was primarily driven by the collection of large accounts receivable from migrant programs. At year-end 2024, approximately $150 million in migrant-related accounts receivable remained outstanding.
Management indicated a focus on expanding its base business and maintaining operational efficiency. The company aims to leverage its strong balance sheet to pursue organic growth and strategic acquisitions in 2025 and beyond.
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