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Side-by-side financial comparison of DocGo Inc. (DCGO) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
DocGo Inc. is the larger business by last-quarter revenue ($74.9M vs $55.4M, roughly 1.4× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -190.0%, a 194.5% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -38.0%). DocGo Inc. produced more free cash flow last quarter ($-12.0M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% 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.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
DCGO vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.9M | $55.4M |
| Net Profit | $-142.3M | $2.5M |
| Gross Margin | — | 27.8% |
| Operating Margin | -139.6% | 6.8% |
| Net Margin | -190.0% | 4.6% |
| Revenue YoY | -38.0% | 18.0% |
| Net Profit YoY | -1761.4% | 1688.1% |
| EPS (diluted) | $-1.36 | $0.15 |
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.
| Q4 25 | $74.9M | $55.4M | ||
| Q3 25 | $70.8M | $57.1M | ||
| Q2 25 | $80.4M | $53.9M | ||
| Q1 25 | $96.0M | $46.1M | ||
| Q4 24 | $120.8M | $46.9M | ||
| Q3 24 | $138.7M | $46.1M | ||
| Q2 24 | $164.9M | $49.2M | ||
| Q1 24 | $192.1M | $44.6M |
| Q4 25 | $-142.3M | $2.5M | ||
| Q3 25 | $-27.8M | $3.5M | ||
| Q2 25 | $-11.2M | $4.2M | ||
| Q1 25 | $-9.4M | $3.5M | ||
| Q4 24 | $-7.6M | $-160.0K | ||
| Q3 24 | $5.5M | $3.0M | ||
| Q2 24 | $6.5M | $3.8M | ||
| Q1 24 | $11.2M | $2.4M |
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 23.9% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 25.7% | ||
| Q2 24 | — | 27.0% | ||
| Q1 24 | — | 25.8% |
| Q4 25 | -139.6% | 6.8% | ||
| Q3 25 | -59.3% | 8.8% | ||
| Q2 25 | -21.7% | 10.8% | ||
| Q1 25 | -14.6% | 3.4% | ||
| Q4 24 | -6.2% | 1.5% | ||
| Q3 24 | 7.3% | 9.1% | ||
| Q2 24 | 6.2% | 11.0% | ||
| Q1 24 | 8.3% | 8.0% |
| Q4 25 | -190.0% | 4.6% | ||
| Q3 25 | -39.2% | 6.2% | ||
| Q2 25 | -13.9% | 7.9% | ||
| Q1 25 | -9.8% | 7.7% | ||
| Q4 24 | -6.3% | -0.3% | ||
| Q3 24 | 4.0% | 6.5% | ||
| Q2 24 | 4.0% | 7.7% | ||
| Q1 24 | 5.8% | 5.4% |
| Q4 25 | $-1.36 | $0.15 | ||
| Q3 25 | $-0.28 | $0.23 | ||
| Q2 25 | $-0.11 | $0.28 | ||
| Q1 25 | $-0.09 | $0.23 | ||
| Q4 24 | $-0.03 | $0.00 | ||
| Q3 24 | $0.05 | $0.19 | ||
| Q2 24 | $0.06 | $0.25 | ||
| Q1 24 | $0.10 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $51.0M | $5.6M |
| Total DebtLower is stronger | $235.6K | — |
| Stockholders' EquityBook value | $144.0M | $85.8M |
| Total Assets | $217.1M | $105.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $51.0M | $5.6M | ||
| Q3 25 | $73.4M | $23.0M | ||
| Q2 25 | $104.2M | $21.2M | ||
| Q1 25 | $79.0M | $19.4M | ||
| Q4 24 | $89.2M | $16.7M | ||
| Q3 24 | $89.5M | $20.6M | ||
| Q2 24 | $66.1M | $14.6M | ||
| Q1 24 | $41.2M | $12.0M |
| 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 | $2.5M |
| Q4 25 | $144.0M | $85.8M | ||
| Q3 25 | $270.5M | $82.8M | ||
| Q2 25 | $297.3M | $78.7M | ||
| Q1 25 | $309.3M | $74.2M | ||
| Q4 24 | $320.9M | $71.9M | ||
| Q3 24 | $325.2M | $71.5M | ||
| Q2 24 | $315.2M | $68.0M | ||
| Q1 24 | $311.3M | $63.5M |
| Q4 25 | $217.1M | $105.6M | ||
| Q3 25 | $353.8M | $109.5M | ||
| Q2 25 | $408.3M | $98.3M | ||
| Q1 25 | $430.8M | $93.7M | ||
| Q4 24 | $455.6M | $90.5M | ||
| Q3 24 | $493.9M | $91.3M | ||
| Q2 24 | $488.2M | $84.9M | ||
| Q1 24 | $490.7M | $82.8M |
| 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× | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.5M | $267.0K |
| Free Cash FlowOCF − Capex | $-12.0M | $-17.4M |
| FCF MarginFCF / Revenue | -16.0% | -31.5% |
| Capex IntensityCapex / Revenue | 2.0% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $29.9M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.5M | $267.0K | ||
| Q3 25 | $1.7M | $6.9M | ||
| Q2 25 | $33.6M | $3.9M | ||
| Q1 25 | $9.7M | $-150.0K | ||
| Q4 24 | $12.7M | $-2.6M | ||
| Q3 24 | $31.1M | $7.5M | ||
| Q2 24 | $36.9M | $6.5M | ||
| Q1 24 | $-10.6M | $1.5M |
| Q4 25 | $-12.0M | $-17.4M | ||
| Q3 25 | $782.6K | $1.8M | ||
| Q2 25 | $32.9M | $1.6M | ||
| Q1 25 | $8.2M | $-2.4M | ||
| Q4 24 | $12.0M | $-3.8M | ||
| Q3 24 | $30.2M | $5.9M | ||
| Q2 24 | $35.9M | $5.1M | ||
| Q1 24 | $-11.6M | $-923.0K |
| Q4 25 | -16.0% | -31.5% | ||
| Q3 25 | 1.1% | 3.1% | ||
| Q2 25 | 40.9% | 3.0% | ||
| Q1 25 | 8.5% | -5.1% | ||
| Q4 24 | 9.9% | -8.2% | ||
| Q3 24 | 21.8% | 12.8% | ||
| Q2 24 | 21.7% | 10.4% | ||
| Q1 24 | -6.0% | -2.1% |
| Q4 25 | 2.0% | 31.9% | ||
| Q3 25 | 1.2% | 9.0% | ||
| Q2 25 | 0.9% | 4.3% | ||
| Q1 25 | 1.5% | 4.8% | ||
| Q4 24 | 0.6% | 2.7% | ||
| Q3 24 | 0.7% | 3.3% | ||
| Q2 24 | 0.6% | 2.9% | ||
| Q1 24 | 0.5% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.67× | 2.50× | ||
| Q2 24 | 5.65× | 1.73× | ||
| Q1 24 | -0.95× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DCGO
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
