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Stocks DCGO DCF valuation

DCF valuation

What is DocGo Inc. worth?

With the base-case assumptions below, a discounted cash flow model on DocGo Inc.'s reported free cash flow gives $10.23 per share. The share price was $0.35 on September 25, 2026, 97% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$29.9M
Average free cash flow, last 5 years
$8.7M
Cash
$25.2M
balance sheet of June 30, 2026
Debt
$207.4K
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
99,068,651
Revenue growth per year, last 5 years
27.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$6.31+1,730%
Base15.0%9.0%2.5%9.0%$10.23+2,864%
Bull20.0%11.5%3.0%8.0%$17.51+4,977%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$13.19$14.11$15.24$16.65$18.47
8.0%$10.96$11.56$12.27$13.12$14.16
9.0%$9.34$9.75$10.23$10.78$11.43
10.0%$8.12$8.41$8.74$9.12$9.55
11.0%$7.16$7.37$7.61$7.88$8.18

Where the presets come from

Base: years 1 to 5 grow at DocGo Inc.'s revenue growth rate over the last 5 fiscal years (27.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

DocGo Inc. company page