MODVQ · As filed with the SEC
ModivCare income statement, by quarter
The statement as ModivCare presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
(Debtor-in-Possession) Unaudited Condensed Consolidated Statements of Operations · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | Q3 2025 3 months ended Sep 30, 2025 | Q2 2025 3 months ended Jun 30, 2025 | Q1 2025 3 months ended Mar 31, 2025 | Q4 2024† 3 months ended Dec 31, 2024 | Q3 2024 3 months ended Sep 30, 2024 | Q4 2023† 3 months ended Dec 31, 2023 |
|---|---|---|---|---|---|---|
| Service revenue, net | 679,707 | 659,553 | 650,654 | 702,799† | 702,037 | 702,832† |
| Grant income (Note 2) | — | — | — | 0† | 0 | 388† |
| Operating expenses: | ||||||
| Service expense | 584,130 | 570,647 | 552,988 | 597,615† | 597,934 | 585,483† |
| General and administrative expense | 84,351 | 70,581 | 78,589 | 74,246† | 70,903 | 75,469† |
| Depreciation and amortization | 23,295 | 23,414 | 23,519 | 26,670† | 27,940 | 26,592† |
| Impairment of goodwill | 0 | 263,394 | — | 0† | 0 | 0† |
| Total operating expenses | 691,776 | 928,036 | 655,096 | 698,531† | 696,777 | 687,544† |
| Operating income (loss) | (12,069) | (268,483) | (4,442) | 4,268† | 5,260 | 15,676† |
| Interest expense, net | 14,467 | 37,109 | 38,837 | 26,924† | 28,493 | 18,351† |
| Loss on debt extinguishment | 0 | — | — | 0† | 11,797 | 0† |
| Reorganization items, net | 53,482 | — | — | — | — | — |
| Loss before income taxes and equity method investment | (80,018) | (305,592) | (43,279) | (22,656)† | (35,030) | (2,675)† |
| Income tax benefit | 7,505 | (76) | (3,547) | 3,451† | 11,070 | (43)† |
| Equity in net loss of investee, net of tax | (618) | 1,979 | (3,551) | (4,285)† | (2,644) | (2,534)† |
| Net loss | (73,131) | (303,689) | (50,377) | (23,490)† | (26,604) | (5,252)† |
| Loss per common share: | ||||||
| Basic (in dollars per share) | (5.08) | (21.16) | (3.52) | — | (1.87) | — |
| Diluted (in dollars per share) | (5.08) | (21.16) | (3.52) | — | (1.87) | — |
| Weighted-average number of common shares outstanding: | ||||||
| Basic (in shares) | 14,400,841 | 14,353,053 | 14,328,736 | — | 14,253,192 | — |
| Diluted (in shares) | 14,400,841 | 14,353,053 | 14,328,736 | — | 14,253,192 | — |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.