ModivCare Inc. (MODV) Financial Statements

Income statement

Metric	TTM	2024	2023	2022	2021
Revenue
Total Revenue	2.7B	2.8B	2.8B	2.5B	2.0B
Cost of Revenue	1.2B	2.4B	2.3B	2.0B	1.6B
Gross Profit	202.8M	420.4M	447.0M	472.3M	412.6M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	307.8M	298.4M	304.6M	322.2M	271.3M
General & Admin Expense	307.8M	298.4M	304.6M	322.2M	271.3M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	1.5B	214.8M	282.3M	93.1M	51.6M
Total Operating Expenses	1.8B	513.2M	586.9M	415.2M	322.8M
Cost and Expenses	1.4B	2.9B	2.9B	2.4B	1.9B
Operating Income (EBIT)	(12.2M)	(92.8M)	(139.9M)	57.1M	89.8M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	117.3M	94.1M	69.1M	62.0M	49.1M
Net Interest Income	(65.8M)	(94.1M)	(69.1M)	(62.0M)	(49.1M)
Other Non-Op Income/Expense	(141.5M)	(114.0M)	(68.8M)	(62.0M)	(49.1M)
Non-Operating Income (excl Interest)	—	11.8M	—	—	—
EBT (Pre-Tax Income)	(459.4M)	(206.8M)	(208.8M)	(4.9M)	40.7M
Income Tax Expense	(6.9M)	(5.5M)	(4.3M)	(3.0M)	8.7M
Bottom Line
Net Income	(450.7M)	(201.3M)	(204.5M)	(1.8M)	32.0M
Earnings from Cont. Ops	(147.0M)	(201.3M)	(204.5M)	(31.8M)	(6.6M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(147.0M)	(201.3M)	(204.5M)	(31.8M)	(6.6M)
Per Share
Basic EPS	($31.40)	($14.14)	($14.43)	($0.13)	$2.27
Diluted EPS	($31.40)	($14.14)	($14.43)	($0.13)	$2.27
Revenue Per Share	$186.98	$195.76	$194.10	$178.10	$142.09
Shares
Basic Shares Outstanding	14.4M	14.2M	14.2M	14.1M	14.1M
Diluted Shares Outstanding	14.4M	14.2M	14.2M	14.1M	14.1M
Profitability Metrics
EBITDA	(235.5M)	4.9M	(35.7M)	157.5M	146.8M
D&A	96.9M	109.5M	104.3M	112.1M	68.3M
EBIT	(174.0K)	(104.6M)	(139.9M)	57.1M	89.4M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2025