MODVQ Income Statement - TTM - ModivCare Inc.

Income Statement (TTM)

ModivCare Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31
Revenue	1,355	1,369	1,455	1,647	1,820	1,997	2,118	2,272	2,426	2,504	2,592	2,663	2,702	2,751	2,773	2,773	2,788	2,788	2,754
Change (%)		1.01	6.31	13.21	10.47	9.74	6.05	7.26	6.81	3.22	3.51	2.73	1.47	1.81	0.80	-0.03	0.55	-0.00	-1.21
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	1,123	1,079	1,106	1,290	1,454	1,584	1,683	1,808	1,943	2,032	2,123	2,208	2,253	2,304	2,338	2,336	2,355	2,367	2,337
Change (%)		-3.91	2.57	16.58	12.69	8.99	6.25	7.41	7.48	4.57	4.48	4.00	2.02	2.29	1.45	-0.05	0.80	0.52	-1.29
% of Revenue	82.86	78.82	76.05	78.31	79.89	79.34	79.48	79.59	80.09	81.14	81.90	82.91	83.36	83.75	84.29	84.27	84.48	84.92	84.85

Gross Operating Profit	232	290	349	357	366	413	434	464	483	472	469	455	450	447	436	436	433	420	417
Change (%)		24.81	20.23	2.51	2.44	12.74	5.30	6.70	4.19	-2.21	-0.66	-3.01	-1.21	-0.58	-2.50	0.08	-0.83	-2.81	-0.77
% of Revenue	17.14	21.18	23.95	21.69	20.11	20.66	20.52	20.41	19.91	18.86	18.10	17.09	16.64	16.25	15.71	15.73	15.52	15.08	15.15

SG&A	101	142	175	200	234	272	294	317	324	322	325	325	319	305	302	299	300	298	300
Change (%)		40.48	23.31	14.47	16.89	16.25	8.05	7.82	2.43	-0.62	0.90	-0.05	-1.77	-4.57	-0.83	-1.05	0.25	-0.41	0.47
% of Revenue	7.44	10.35	12.00	12.14	12.84	13.60	13.86	13.93	13.36	12.86	12.54	12.20	11.81	11.07	10.89	10.78	10.75	10.70	10.89

R&D
Change (%)
% of Revenue

OpEx	1,245	1,247	1,316	1,530	1,733	1,913	2,046	2,206	2,362	2,455	2,550	2,636	2,676	2,713	2,745	2,743	2,764	2,775	2,742
Change (%)		0.16	5.55	16.30	13.25	10.38	6.93	7.85	7.07	3.92	3.89	3.37	1.49	1.40	1.19	-0.09	0.78	0.40	-1.18
% of Revenue	91.85	91.08	90.43	92.90	95.24	95.80	96.59	97.12	97.36	98.01	98.38	98.99	99.01	98.61	98.99	98.93	99.16	99.55	99.58

Operating Income	110	122	139	117	87	84	72	65	64	50	42	27	27	38	28	30	24	13	11
Change (%)		10.57	14.08	-15.98	-25.95	-3.12	-13.95	-9.39	-2.01	-22.43	-15.63	-36.02	-0.62	42.86	-26.31	5.98	-20.94	-46.82	-8.37
% of Revenue	8.15	8.92	9.57	7.10	4.76	4.20	3.41	2.88	2.64	1.99	1.62	1.01	0.99	1.39	1.01	1.07	0.84	0.45	0.42

Interest Expense	-2	-18	-26	-33	-43	-49	-49	-57	-61	-62	-63	-64	-66	-69	-72	-75	-85	-94	-114
Change (%)		709.15	46.49	26.33	32.92	13.37	0.77	14.53	7.87	1.41	0.90	2.39	3.57	4.25	3.95	4.15	14.23	10.03	21.43
% of Revenue	-0.16	-1.29	-1.77	-1.98	-2.38	-2.46	-2.34	-2.49	-2.52	-2.47	-2.41	-2.40	-2.45	-2.51	-2.59	-2.70	-3.07	-3.37	-4.15

Net Income	86	89	92	68	22	-7	-25	-35	-56	-32	-36	-230	-206	-204	-223	-161	-183	-201	-229
Change (%)		3.49	3.09	-25.47	-67.95	-130.10	281.28	41.20	59.05	-43.59	13.46	538.36	-10.51	-0.82	8.97	-27.85	13.87	9.96	13.95
% of Revenue	6.34	6.49	6.29	4.14	1.20	-0.33	-1.19	-1.56	-2.32	-1.27	-1.39	-8.65	-7.63	-7.43	-8.03	-5.80	-6.57	-7.22	-8.33

Source: Capital IQ

ModivCare Inc. - Income Statement (TTM)

Income Statement (TTM)

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