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Side-by-side financial comparison of DocGo Inc. (DCGO) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $74.9M, roughly 1.6× DocGo Inc.). NOODLES & Co runs the higher net margin — -7.5% vs -190.0%, a 182.5% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -38.0%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-12.0M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% 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.
Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.
DCGO vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.9M | $122.1M |
| Net Profit | $-142.3M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | -139.6% | -5.2% |
| Net Margin | -190.0% | -7.5% |
| Revenue YoY | -38.0% | -4.1% |
| Net Profit YoY | -1761.4% | 32.8% |
| EPS (diluted) | $-1.36 | $-0.20 |
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 | — | ||
| Q3 25 | $70.8M | $122.1M | ||
| Q2 25 | $80.4M | $123.8M | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $120.8M | $122.8M | ||
| Q3 24 | $138.7M | $127.4M | ||
| Q2 24 | $164.9M | $121.4M | ||
| Q1 24 | $192.1M | $124.3M |
| Q4 25 | $-142.3M | — | ||
| Q3 25 | $-27.8M | $-9.2M | ||
| Q2 25 | $-11.2M | $-9.1M | ||
| Q1 25 | $-9.4M | — | ||
| Q4 24 | $-7.6M | $-6.8M | ||
| Q3 24 | $5.5M | $-13.6M | ||
| Q2 24 | $6.5M | $-6.1M | ||
| Q1 24 | $11.2M | $-6.1M |
| Q4 25 | -139.6% | — | ||
| Q3 25 | -59.3% | -5.2% | ||
| Q2 25 | -21.7% | -5.2% | ||
| Q1 25 | -14.6% | — | ||
| Q4 24 | -6.2% | -3.9% | ||
| Q3 24 | 7.3% | -9.0% | ||
| Q2 24 | 6.2% | -3.4% | ||
| Q1 24 | 8.3% | -3.7% |
| Q4 25 | -190.0% | — | ||
| Q3 25 | -39.2% | -7.5% | ||
| Q2 25 | -13.9% | -7.3% | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | -6.3% | -5.5% | ||
| Q3 24 | 4.0% | -10.7% | ||
| Q2 24 | 4.0% | -5.1% | ||
| Q1 24 | 5.8% | -4.9% |
| Q4 25 | $-1.36 | — | ||
| Q3 25 | $-0.28 | $-0.20 | ||
| Q2 25 | $-0.11 | $-0.20 | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $-0.03 | $-0.15 | ||
| Q3 24 | $0.05 | $-0.30 | ||
| Q2 24 | $0.06 | $-0.14 | ||
| Q1 24 | $0.10 | $-1.64 |
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 | $4.7M |
| Total DebtLower is stronger | $235.6K | — |
| Stockholders' EquityBook value | $144.0M | $-38.9M |
| Total Assets | $217.1M | $280.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $51.0M | — | ||
| Q3 25 | $73.4M | $4.7M | ||
| Q2 25 | $104.2M | $1.4M | ||
| Q1 25 | $79.0M | — | ||
| Q4 24 | $89.2M | $3.3M | ||
| Q3 24 | $89.5M | $1.8M | ||
| Q2 24 | $66.1M | $1.3M | ||
| Q1 24 | $41.2M | $3.0M |
| 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 | — |
| Q4 25 | $144.0M | — | ||
| Q3 25 | $270.5M | $-38.9M | ||
| Q2 25 | $297.3M | $-13.9M | ||
| Q1 25 | $309.3M | — | ||
| Q4 24 | $320.9M | $3.7M | ||
| Q3 24 | $325.2M | $9.6M | ||
| Q2 24 | $315.2M | $21.9M | ||
| Q1 24 | $311.3M | $27.2M |
| Q4 25 | $217.1M | — | ||
| Q3 25 | $353.8M | $280.6M | ||
| Q2 25 | $408.3M | $319.4M | ||
| Q1 25 | $430.8M | — | ||
| Q4 24 | $455.6M | $340.5M | ||
| Q3 24 | $493.9M | $346.3M | ||
| Q2 24 | $488.2M | $360.4M | ||
| Q1 24 | $490.7M | $368.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.5M | $4.3M |
| Free Cash FlowOCF − Capex | $-12.0M | $-2.8M |
| FCF MarginFCF / Revenue | -16.0% | -2.3% |
| Capex IntensityCapex / Revenue | 2.0% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $29.9M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.5M | — | ||
| Q3 25 | $1.7M | $4.3M | ||
| Q2 25 | $33.6M | $4.0M | ||
| Q1 25 | $9.7M | — | ||
| Q4 24 | $12.7M | $5.8M | ||
| Q3 24 | $31.1M | $4.7M | ||
| Q2 24 | $36.9M | $7.0M | ||
| Q1 24 | $-10.6M | $164.0K |
| Q4 25 | $-12.0M | — | ||
| Q3 25 | $782.6K | $-2.8M | ||
| Q2 25 | $32.9M | $1.1M | ||
| Q1 25 | $8.2M | — | ||
| Q4 24 | $12.0M | $-1.3M | ||
| Q3 24 | $30.2M | $-4.5M | ||
| Q2 24 | $35.9M | $-1.6M | ||
| Q1 24 | $-11.6M | $-15.2M |
| Q4 25 | -16.0% | — | ||
| Q3 25 | 1.1% | -2.3% | ||
| Q2 25 | 40.9% | 0.9% | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 9.9% | -1.1% | ||
| Q3 24 | 21.8% | -3.5% | ||
| Q2 24 | 21.7% | -1.4% | ||
| Q1 24 | -6.0% | -12.2% |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.2% | 5.8% | ||
| Q2 25 | 0.9% | 2.4% | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 0.6% | 5.8% | ||
| Q3 24 | 0.7% | 7.2% | ||
| Q2 24 | 0.6% | 7.1% | ||
| Q1 24 | 0.5% | 12.3% |
| 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
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
