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Side-by-side financial comparison of DocGo Inc. (DCGO) and JBG SMITH Properties (JBGS). Click either name above to swap in a different company.

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $74.9M, roughly 1.7× DocGo Inc.). JBG SMITH Properties runs the higher net margin — -35.7% vs -190.0%, a 154.2% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -38.0%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -37.5%).

DocGo Inc. is a U.S.-headquartered mobile healthcare and on-demand medical service provider. It offers a range of solutions including in-home urgent care, diagnostic testing, telehealth consultations, and corporate wellness programs, serving individual patients, health systems, enterprise clients, and public sector organizations across North America.

JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.

DCGO vs JBGS — Head-to-Head

Bigger by revenue
JBGS
JBGS
1.7× larger
JBGS
$127.6M
$74.9M
DCGO
Growing faster (revenue YoY)
JBGS
JBGS
+35.5% gap
JBGS
-2.5%
-38.0%
DCGO
Higher net margin
JBGS
JBGS
154.2% more per $
JBGS
-35.7%
-190.0%
DCGO
Faster 2-yr revenue CAGR
JBGS
JBGS
Annualised
JBGS
-6.3%
-37.5%
DCGO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DCGO
DCGO
JBGS
JBGS
Revenue
$74.9M
$127.6M
Net Profit
$-142.3M
$-45.5M
Gross Margin
Operating Margin
-139.6%
-47.5%
Net Margin
-190.0%
-35.7%
Revenue YoY
-38.0%
-2.5%
Net Profit YoY
-1761.4%
24.0%
EPS (diluted)
$-1.36
$-0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DCGO
DCGO
JBGS
JBGS
Q4 25
$74.9M
$127.6M
Q3 25
$70.8M
$123.9M
Q2 25
$80.4M
$126.5M
Q1 25
$96.0M
$120.7M
Q4 24
$120.8M
$130.8M
Q3 24
$138.7M
$136.0M
Q2 24
$164.9M
$135.3M
Q1 24
$192.1M
$145.2M
Net Profit
DCGO
DCGO
JBGS
JBGS
Q4 25
$-142.3M
$-45.5M
Q3 25
$-27.8M
$-28.6M
Q2 25
$-11.2M
$-19.2M
Q1 25
$-9.4M
$-45.7M
Q4 24
$-7.6M
$-59.9M
Q3 24
$5.5M
$-27.0M
Q2 24
$6.5M
$-24.4M
Q1 24
$11.2M
$-32.3M
Operating Margin
DCGO
DCGO
JBGS
JBGS
Q4 25
-139.6%
-47.5%
Q3 25
-59.3%
-27.5%
Q2 25
-21.7%
-18.4%
Q1 25
-14.6%
-44.7%
Q4 24
-6.2%
-53.6%
Q3 24
7.3%
-22.4%
Q2 24
6.2%
-24.3%
Q1 24
8.3%
-30.1%
Net Margin
DCGO
DCGO
JBGS
JBGS
Q4 25
-190.0%
-35.7%
Q3 25
-39.2%
-23.1%
Q2 25
-13.9%
-15.2%
Q1 25
-9.8%
-37.9%
Q4 24
-6.3%
-45.8%
Q3 24
4.0%
-19.8%
Q2 24
4.0%
-18.0%
Q1 24
5.8%
-22.2%
EPS (diluted)
DCGO
DCGO
JBGS
JBGS
Q4 25
$-1.36
$-0.76
Q3 25
$-0.28
$-0.48
Q2 25
$-0.11
$-0.29
Q1 25
$-0.09
$-0.56
Q4 24
$-0.03
$-0.70
Q3 24
$0.05
$-0.32
Q2 24
$0.06
$-0.27
Q1 24
$0.10
$-0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DCGO
DCGO
JBGS
JBGS
Cash + ST InvestmentsLiquidity on hand
$51.0M
$75.3M
Total DebtLower is stronger
$235.6K
Stockholders' EquityBook value
$144.0M
$1.2B
Total Assets
$217.1M
$4.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DCGO
DCGO
JBGS
JBGS
Q4 25
$51.0M
$75.3M
Q3 25
$73.4M
$64.4M
Q2 25
$104.2M
$61.4M
Q1 25
$79.0M
$81.3M
Q4 24
$89.2M
$145.8M
Q3 24
$89.5M
$137.0M
Q2 24
$66.1M
$163.5M
Q1 24
$41.2M
$220.5M
Total Debt
DCGO
DCGO
JBGS
JBGS
Q4 25
$235.6K
Q3 25
$249.9K
Q2 25
$12.6K
Q1 25
$15.1K
Q4 24
$17.7K
Q3 24
$47.7K
Q2 24
$52.8K
Q1 24
$60.1K
Stockholders' Equity
DCGO
DCGO
JBGS
JBGS
Q4 25
$144.0M
$1.2B
Q3 25
$270.5M
$1.2B
Q2 25
$297.3M
$1.3B
Q1 25
$309.3M
$1.6B
Q4 24
$320.9M
$1.8B
Q3 24
$325.2M
$1.9B
Q2 24
$315.2M
$2.0B
Q1 24
$311.3M
$2.1B
Total Assets
DCGO
DCGO
JBGS
JBGS
Q4 25
$217.1M
$4.4B
Q3 25
$353.8M
$4.4B
Q2 25
$408.3M
$4.5B
Q1 25
$430.8M
$4.7B
Q4 24
$455.6M
$5.0B
Q3 24
$493.9M
$5.2B
Q2 24
$488.2M
$5.3B
Q1 24
$490.7M
$5.4B
Debt / Equity
DCGO
DCGO
JBGS
JBGS
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DCGO
DCGO
JBGS
JBGS
Operating Cash FlowLast quarter
$-10.5M
$73.3M
Free Cash FlowOCF − Capex
$-12.0M
FCF MarginFCF / Revenue
-16.0%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$29.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DCGO
DCGO
JBGS
JBGS
Q4 25
$-10.5M
$73.3M
Q3 25
$1.7M
$8.9M
Q2 25
$33.6M
$18.8M
Q1 25
$9.7M
$12.9M
Q4 24
$12.7M
$129.4M
Q3 24
$31.1M
$26.4M
Q2 24
$36.9M
$23.8M
Q1 24
$-10.6M
$37.0M
Free Cash Flow
DCGO
DCGO
JBGS
JBGS
Q4 25
$-12.0M
Q3 25
$782.6K
Q2 25
$32.9M
Q1 25
$8.2M
Q4 24
$12.0M
Q3 24
$30.2M
Q2 24
$35.9M
Q1 24
$-11.6M
FCF Margin
DCGO
DCGO
JBGS
JBGS
Q4 25
-16.0%
Q3 25
1.1%
Q2 25
40.9%
Q1 25
8.5%
Q4 24
9.9%
Q3 24
21.8%
Q2 24
21.7%
Q1 24
-6.0%
Capex Intensity
DCGO
DCGO
JBGS
JBGS
Q4 25
2.0%
Q3 25
1.2%
Q2 25
0.9%
Q1 25
1.5%
Q4 24
0.6%
Q3 24
0.7%
Q2 24
0.6%
Q1 24
0.5%
Cash Conversion
DCGO
DCGO
JBGS
JBGS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
5.67×
Q2 24
5.65×
Q1 24
-0.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DCGO
DCGO

Transportation Services Segment$50.2M67%
Mobile Health Services Segment$24.8M33%

JBGS
JBGS

Segment breakdown not available.

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