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Mar 31, 2025
Modivcare Q1 2025 Earnings Report
Modivcare reported financial results for the first quarter of 2025.
Key Takeaways
Modivcare reported a decrease in service revenue and a net loss in the first quarter of 2025, primarily due to contract attrition in the NEMT segment and lower volumes in PCS and Monitoring. Despite this, the company saw an increase in adjusted EBITDA and continued to focus on strategic initiatives to improve performance.
Service revenue for Q1 2025 was $650.7 million, a decrease of 4.9% year-over-year.
The company reported a net loss of $50.4 million in Q1 2025.
Adjusted EBITDA was $32.6 million, representing a 5.0% margin on service revenue.
$105.0 million in new financing was secured in Q1 2025 to support transformation efforts.
Revenue by Segment
Forward Guidance
The report does not contain specific forward guidance figures or a detailed outlook summary. However, the company is focused on strategic initiatives for future performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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