ModivCare Inc
MODVQIndustrials · Transportation Services · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $2.79B | $2.75B | $2.50B | $2.00B | $1.37B | $1.51B |
| Operating income | −$92.8M | −$139.9M | $57.1M | $89.4M | $122.0M | $24.7M |
| Net income | −$201.3M | −$204.5M | −$31.8M | −$6.6M | $88.8M | $966,000 |
| Total assets | $1.65B | $1.77B | $1.94B | $2.03B | $1.43B | $597.4M |
| Total liabilities | $1.69B | $1.61B | $1.59B | $1.65B | $1.01B | $202.7M |
| Equity | −$38.5M | $156.2M | $354.6M | $373.3M | $411.6M | $317.6M |
| EPS (diluted) | $-14.14 | $-14.43 | $-2.26 | $-0.47 | $2.37 | $-0.26 |
| Shares out. | 14.2M | 14.1M | 19.4M | 14.2M | 13.0M | 12.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −3.3%
- Net margin
- −7.2%
- Return on equity
- 523.2%
- Return on assets
- −12.2%
- Return on capital (ROCE)
- −9.0%
- Liabilities / assets
- 102.3%
- Debt / equity
- —
- Book value / share
- $-2.71
- Revenue growth (YoY)
- 1.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -1.36distress
- Accruals / assets
- −11.8%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 12, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 12, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 2, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Coliseum Capital Management, LlcActivist (13D)Nov 26, 2025
- Ai Catalyst Fund, LpActivist (13D)Nov 12, 2025
- Blackrock, Inc.Passive (13G)Jul 17, 2025
- Q Global Capital Management, L.P.Activist (13D)May 14, 2025
- Silvercrest Asset Management Group LlcPassive (13G)Feb 14, 2025
- Hg Vora Capital Management, LlcPassive (13G)Jan 15, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Dec 15, 2025 | 426,774 | 12.9 | -4.4% |
| Nov 28, 2025 | 446,571 | 7.1 | -23.1% |
| Nov 14, 2025 | 580,368 | 5.7 | -1.3% |
| Oct 31, 2025 | 587,955 | 8.4 | -11.7% |
| Oct 15, 2025 | 666,136 | 3.5 | -6.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Bankruptcy or receivership · Completed an acquisition or disposition · Modified shareholder rights · Change in control · Director / officer change · Regulation FD disclosureDec 29, 2025
- Director / officer changeNov 12, 2025
- Delisting / listing-standard notice · Regulation FD disclosureAug 22, 2025
- Entered a material agreement · Bankruptcy or receivership · Results of operations · Debt acceleration / triggering event · Director / officer change · Regulation FD disclosure · Other material eventAug 21, 2025
- Regulation FD disclosure · Other material eventJul 10, 2025
- Shareholder voteJun 18, 2025
- Director / officer changeMay 28, 2025
- Results of operations · Delisting / listing-standard noticeMay 8, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.