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Cash Flow Overview

Change in Cash
-$5,669,442
Free Cash flow
-$5,088,117
Unit: Dollar
Positive Cash Flow Breakdown
    • Proceeds from sale and maturity ...
    • Stock-based compensation
    • Loss on change in fair value of ...
    • Others
Negative Cash Flow Breakdown
    • Net loss
    • Accounts receivable
    • Purchase of restricted investmen...
    • Others

Cash Flow
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Net loss
-16,699,837 -142,340,600 -29,657,362 -24,369,193
Depreciation of property and equipment
1,266,513 1,180,710 1,249,968 2,432,577
Amortization of intangible assets
21,038 1,382,612 1,448,548 2,751,441
Amortization of finance lease right-of-use assets
1,359,556 1,384,912 1,272,716 2,558,381
Loss (gain) on disposal of fixed assets
-62,493 4,000 -10,453 -33,215
Deferred income tax expense
-253,775 30,061,721 -13,510,442 -8,806,213
Accretion of discount related to restricted investments
78,004 94,953 69,486 145,403
Loss on equity method investments
0 -446,213 -27,035 -79,515
Bad debt expense
1,732,911 8,341,116 1,214,666 2,492,009
Stock-based compensation
3,224,784 3,135,898 4,649,675 9,656,445
Loss on remeasurement of operating and finance leases
0 0 5,077 -47,444
Loss on liquidation of business
NaN 0 NaN NaN
Intangible asset impairment
NaN 30,648,245 NaN NaN
Finite-lived intangible asset impairment
NaN NaN 8,020,343 NaN
Goodwill impairment
NaN 49,509,698 8,718,398 NaN
Equity investment impairment
NaN 5,000,000 NaN NaN
Loss on change in fair value of contingent consideration
2,760,000 1,003,718 1,052,394 0
Accounts receivable
2,803,766 -11,775,279 -14,528,162 -86,194,306
Prepaid expenses and other current assets
37,672 -2,003,275 129,747 5,273,060
Other assets
-16,374 616,919 -55,463 -970,612
Accounts payable
2,700,501 2,680,565 -2,074,591 -18,246,793
Accrued liabilities
1,938,714 -7,730,838 4,780,386 -7,451,661
Operating lease liabilities and right-of-use assets
132,363 -213,609 77,234 336,596
Net cash (used in) provided by operating activities
-4,657,807 -10,467,300 1,658,736 43,260,218
Purchase of property and equipment
430,310 1,497,058 876,177 2,170,883
Purchase of intangibles
665,172 631,147 681,396 1,578,173
Purchase of equity method investments
NaN 0 4,784 0
Acquisition of a business, net of cash acquired
0 12,748,660 0 3,646,318
Purchase of equity securities
NaN 0 NaN NaN
Purchase of restricted investments
1,731,066 3,874,540 2,517,699 22,221,437
Proceeds from sale and maturity of restricted investments
4,463,765 5,675,359 5,158,673 2,329,246
Proceeds from disposal of property and equipment
21,903 4,000 20,838 177,329
Proceeds from exercise of stock options
NaN 0 0 0
Net cash provided by (used in) investing activities
1,659,120 -13,072,046 1,099,455 -27,110,236
Proceeds from revolving credit line
NaN 0 0 0
Repayments of revolving credit line
NaN 0 30,000,000 0
Proceeds from notes payable
NaN 0 258,700 NaN
Repayments of notes payable
14,551 14,086 20,903 6,258
Due to seller
NaN 19,851 106,943 750,919
Acquisition of noncontrolling interest
NaN 0 0 NaN
Earnout payments on contingent liabilities
0 0 1,687,134 265,538
Distributions paid to noncontrolling interest
1,024,270 0 175,831 0
Payments for taxes related to shares withheld for employee taxes
22,203 410,810 62,547 1,340,552
Common stock repurchased
0 0 0 10,828,906
Payments on obligations under finance lease
1,403,655 1,419,963 1,256,945 2,708,673
Net cash used in financing activities
-2,464,679 -1,864,710 -33,051,603 -15,900,846
Effect of exchange rate changes on cash and cash equivalents
-206,076 281,662 -653,988 968,129
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents
-5,669,442 -25,122,394 -30,947,400 1,217,265
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
52,484,778 77,607,172 107,337,307 NaN
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
46,815,336 52,484,778 77,607,172 NaN
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Proceeds from sale andmaturity of restricted...$4,463,765 Proceeds from disposal ofproperty and equipment$21,903 Net cash provided by(used in) investing...$1,659,120 Canceled cashflow$2,826,548 Net decrease incash, cash...-$5,669,442 Canceled cashflow$1,659,120 Stock-based compensation$3,224,784 Loss on change in fairvalue of contingent...$2,760,000 Accounts payable$2,700,501 Accrued liabilities$1,938,714 Bad debt expense$1,732,911 Amortization of finance leaseright-of-use assets$1,359,556 Depreciation of property andequipment$1,266,513 Operating leaseliabilities and...$132,363 Loss (gain) ondisposal of fixed assets-$62,493 Amortization of intangibleassets$21,038 Other assets-$16,374 Purchase of restrictedinvestments$1,731,066 Purchase of intangibles$665,172 Purchase of property andequipment$430,310 Net cash (used in)provided by operating...-$4,657,807 Net cash used infinancing activities-$2,464,679 Canceled cashflow$15,215,247 Effect of exchange ratechanges on cash and cash...-$206,076 Net loss-$16,699,837 Payments on obligationsunder finance lease$1,403,655 Distributions paid tononcontrolling interest$1,024,270 Payments for taxesrelated to shares...$22,203 Repayments of notes payable$14,551 Accounts receivable$2,803,766 Deferred income taxexpense-$253,775 Accretion of discountrelated to restricted...$78,004 Prepaid expenses andother current assets$37,672

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