DocGo agrees to acquire Hicuity Health; Q2 revenue falls to $73.4 million
DocGo signed a merger agreement on August 16, 2026 to acquire virtual care provider Hicuity Health, with Hicuity becoming a wholly owned subsidiary, subject to closing conditions. The same day it reported second-quarter 2026 results showing lower revenue, a wider net loss, and a lower full-year adjusted EBITDA outlook, which weigh on shareholders.
Key points
- Q2 2026 revenue was $73.4 million, down from $80.4 million a year earlier; migrant-related programs contributed $18.8 million in Q2 2025 and none in Q2 2026.
- Q2 2026 net loss was $18.0 million, versus $13.3 million in Q2 2025; adjusted EBITDA was ($6.3) million, versus ($6.1) million.
- Full-year 2026 adjusted EBITDA guidance is now ($17)-($22) million, down from prior guidance of ($5)-($10) million; revenue guidance was narrowed to $305-$310 million from $300-$315 million.
- Hicuity's Series F preferred holder would receive the entire merger consideration: 2.0% of DocGo shares plus up to 3.5% in earnout shares; Ambulnz will assume about $52 million of Hicuity debt, and Perceptive Credit Holdings IV has committe
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.