American Well Corp AMWL

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived NYSE

Amwell is a leading enterprise platform and software company digitally enabling hybrid care. We empower health providers, payers, and innovators to achieve their digital ambitions, enabling a coordinated experience across in-person, virtual and automated care. We provide our clients with the core technology and services necessary to successfully develop and distribute digital care programs that meet their strategic, operational, financial and clinical objectives under their own brands.

Founded in 2006, Amwell pioneered virtual healthcare. Today, Amwell extends digital care beyond telehealth, enabling care across in-person, virtual and automated modalities and providing an open, scalable platform that can flex and grow alongside our clients. We bring technology and services that facilitate new models of care, strategic partnerships, consistent execution and better outcomes. Together with our clients and innovation partners, we forge a new hybrid model of care delivery that adapts as needs evolve and makes care more accessible for all.

Last close 13.57 2026-10-23
Market cap $227.4M estimated share count
52-week range 3.71 - 14.56

Valuation FY2025 figures against the last close

P/S0.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-5.96

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $249.3M$254.4M$259.0M$277.2M$252.8M$245.3M$148.9M$114.0M—
R&D $72.9M$86.1M$105.8M$138.5M$106.6M$84.4M$53.9M$36.3M—
SG&A $88.0M$121.2M$126.6M$146.4M$94.6M$166.2M$54.2M$37.2M—
Operating income -$105.3M-$217.5M-$692.1M-$275.9M-$179.1M-$227.4M-$94.7M-$55.1M—
Interest expense $5.2M$11.8M$9.3M$5.0M—————
Pre-tax income -$94.5M-$209.9M-$675.3M-$269.7M-$179.0M-$225.8M-$89.2M-$52.3M—
Income tax $434.0K$2.8M$3.9M$64.0K$5.4M$639.0K$803.0K$0—
Net income -$95.0M-$212.6M-$679.2M-$270.4M-$176.3M-$224.4M-$87.2M-$52.7M—
EPS, basic -5.96-13.88-47.50-19.72-0.69-2.27———
EPS, diluted -5.96-13.88-47.50-19.72-0.69-2.27-2.12-1.30—
Shares, diluted (wtd. avg.) 16.0M15.0M14.2M13.7M254.1M99.0M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $182.3M$228.3M$372.0M$539.3M$747.2M$942.7M$138.8M$54.1M$95.8M
Short-term investments —————$100.0M$40.0M——
Receivables $49.7M$71.9M$54.1M$58.4M$51.4M$45.3M$32.7M——
Inventory $1.2M$2.9M$6.7M$8.7M$7.5M$9.1M$3.1M——
Total current assets $246.7M$317.0M$449.6M$626.6M$827.3M$1.11B$223.5M——
Property, plant and equipment $225.0K$376.0K$572.0K$1.0M$2.2M$3.8M$2.7M——
Goodwill —$0$0$435.3M$442.8M$193.9M$193.9M$127.3M—
Other intangibles $66.1M$101.5M$120.2M$135.0M$152.4M$55.5M$63.5M——
Total assets $323.8M$436.0M$589.7M$1.22B$1.45B$1.38B$499.9M——
Accounts payable $1.6M$5.0M$4.9M$7.2M$12.2M$5.8M$6.5M——
Total current liabilities $73.2M$111.3M$93.8M$114.1M$141.6M$121.0M$106.6M——
Total liabilities $76.0M$119.7M$109.5M$133.7M$185.0M$130.4M$124.9M——
Retained earnings -$2.06B-$1.97B-$1.76B-$1.08B-$811.3M-$582.4M-$357.9M——
Total equity $235.6M$304.8M$480.2M$1.08B$1.26B$1.25B-$280.9M-$204.4M-$161.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow -$66.0M-$127.3M-$148.3M-$192.3M-$141.5M-$112.5M-$81.9M-$74.0M—
Depreciation and amortisation $34.0M$33.0M$31.5M$26.2M$16.1M$10.2M$7.8M$5.3M—
Stock-based compensation $22.0M$47.5M$72.2M$67.7M$43.8M$118.4M$12.1M$7.7M—
Capital expenditure $21.0K$119.0K$192.0K$292.0K$559.0K$3.3M$1.3M$1.9M—
Investing cash flow $17.1M-$18.7M-$19.2M-$11.6M-$59.6M-$66.8M$120.0M-$245.9M—
Financing cash flow $840.0K$1.4M$2.1M-$3.6M$5.8M$983.1M$46.6M$278.2M—
Buybacks —————$163.0K$158.0K——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001393584-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -750M -500M -250M 0 250M 500M Revenue, FY2018: 114M Net income, FY2018: -52.7M Revenue, FY2019: 148.9M Net income, FY2019: -87.2M Revenue, FY2020: 245.3M Net income, FY2020: -224.4M Revenue, FY2021: 252.8M Net income, FY2021: -176.3M Revenue, FY2022: 277.2M Net income, FY2022: -270.4M Revenue, FY2023: 259M Net income, FY2023: -679.2M Revenue, FY2024: 254.4M Net income, FY2024: -212.6M Revenue, FY2025: 249.3M Net income, FY2025: -95M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $114.0M $148.9M $245.3M $252.8M $277.2M $259.0M $254.4M $249.3M
Gross profit — — — — — — — — —
Net income — -$52.7M -$87.2M -$224.4M -$176.3M -$270.4M -$679.2M -$212.6M -$95.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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