DocGo Company 2025 Yearly Report

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes¨Nox As of May6, 2025,99,104,331shares of the registrant’s common stock, par value $0.0001 per share, were issued and outstanding. Table of Contents PART I. FINANCIAL INFORMATION The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements. DocGo Inc. and Subsidiaries DocGo Inc. and Subsidiaries NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.Description of Organization and Business Operations Background On November 5, 2021, DocGo Inc., a Delaware corporation, then known as Motion Acquisition Corp. (collectively with itssubsidiaries, the “Company”), consummated a business combination pursuant to that certain Agreement and Plan of Merger, datedMarch 8, 2021 (the “Merger Agreement”), by and among the Company, Motion Merger Sub Corp., a Delaware corporation and adirect wholly owned subsidiary of the Company (“Merger Sub”), and Ambulnz, Inc., a Delaware corporation (“Ambulnz”). The Pursuant to the Merger Agreement and as described in the Company’s definitive proxy statement/consent solicitation/prospectus filedwith the U.S. Securities and Exchange Commission (the “SEC”) on October 14, 2021, Merger Sub merged with and into Ambulnz, Ambulnz was originally formed in Delaware on June 17, 2015 as Ambulnz, LLC, a limited liability company. On November 1, 2017,with an effective date of January 1, 2017, Ambulnz converted its legal structure from a limited liability company to a C-corporationand changed its name to Ambulnz, Inc. Ambulnz is the sole owner of Ambulnz Holdings, LLC (“Holdings”), which was formed in thestate of Delaware on August 5, 2015 as a limited liability company. Holdings is the owner of multiple operating entities incorporated The Business The Company is a mobile healthcare services company that uses proprietary dispatch and communication technology to help provide(i) quality mobile, in-person medical treatment directly to patients in the comfort of their homes, workplaces and other non-traditional The Company conducts business inthreeoperating segments: Mobile Health Services, Transportation Services and Corporate. MobileHealth Services include a wide variety of healthcare services performed at homes, offices and other locations and event services suchas on-site healthcare support at sporting events and concerts. This segment also provides solutions to large, typically underserved,population groups, typically through arrangements with municipalities, which include both physical and mental healthcare services.Transportation Services encompass both emergency response and non-emergency transport services. Non-emergency transportservices include ambulance transports and wheelchair transports. Net revenue from Transportation Services is derived from the 2.Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with generallyaccepted accounting principles in the U.S. (“U.S. GAAP”) and applicable rules and regulations of the SEC regarding interim financialreporting. Certain information and disclosures normally included in the financial statements prepared in accordance with U.S. GAAP Table of Contents DocGo Inc. and Subsidiaries NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED) Financial Statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year endedDecember31, 2024. The Consolidated Balance Sheet as of December31, 2024 included herein was derived from the audited financial statements as of thatdate but does not include all disclosures including notes required by U.S. GAAP. Principles of Consolidation The unaudited Condensed Consolidated Financial Statements include the accounts and operations of DocGo Inc. and its subsidiaries.All intercompany accounts and transactions are eliminated upon consolidation. Noncontrolling interests (“NCI”) on the unaudited In accordance with Accounting Standards Codification (“ASC”) 810,Consolidation(“ASC 810”), the Company assesses whether ithas a variable interest in legal entities with which it has a financial relationship and, if so, whether or not those entities are VIEs. For The Company has entered into management services agreements (“MSAs”) with professional corporations (“PCs”) that employ orcontract with physicians and other health professionals in order to provide healthcare services to the public. Each such PC isestablished and operated pursuant to the requirements of its respective domestic jurisdiction governing the practice of medicine.