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American Well $AMWL

Health Care

Massachusetts
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American Well (AMWL) is a Health Care company. Latest news and coverage below.

IPO: September 17, 2020 · $18.00 offering · NYSE · View IPO details →

American Well revenue & net income history (FY2018–FY2025)

RevenueNet incomeNet margin (right axis, %)
$277.2M−$199.0M−$675.2MFY2018 revenue: $114.0MFY2018 net income: −$52.7M · Net margin −46.2%'18FY2019 revenue: $148.9MFY2019 net income: −$87.2M · Net margin −58.6%'19FY2020 revenue: $245.3MFY2020 net income: −$224.4M · Net margin −91.5%'20FY2021 revenue: $252.8MFY2021 net income: −$176.3M · Net margin −69.8%'21FY2022 revenue: $277.2MFY2022 net income: −$270.4M · Net margin −97.6%'22FY2023 revenue: $259.0MFY2023 net income: −$675.2M · Net margin −260.6%'23FY2024 revenue: $254.4MFY2024 net income: −$208.1M · Net margin −81.8%'24FY2025 revenue: $249.3MFY2025 net income: −$95.7M · Net margin −38.4%'25−100%−50%0%FY2018 net margin: −46.2%FY2019 net margin: −58.6%FY2020 net margin: −91.5%FY2021 net margin: −69.8%FY2022 net margin: −97.6%FY2023 net margin: −260.6% (off the scale, which stops at −100.0%)FY2024 net margin: −81.8%FY2025 net margin: −38.4%
American Well annual financial statements
FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$114.0M$148.9M$245.3M$252.8M$277.2M$259.0M$254.4M$249.3M
Growth (year over year)—+30.6%+64.8%+3.1%+9.7%−6.5%−1.8%−2.0%
Gross profit$55.3M$68.9M$88.5M$104.3M$116.8M$94.8M$99.0M$132.9M
Gross margin48.6%46.3%36.1%41.3%42.1%36.6%38.9%53.3%
Operating income−$55.1M−$94.7M−$227.4M−$179.1M−$275.9M−$692.1M−$217.5M−$105.3M
Operating margin−48.4%−63.6%−92.7%−70.9%−99.5%−267.2%−85.5%−42.2%
Net income−$52.7M−$87.2M−$224.4M−$176.3M−$270.4M−$675.2M−$208.1M−$95.7M
Net margin−46.2%−58.6%−91.5%−69.8%−97.6%−260.6%−81.8%−38.4%
EPS (diluted)−$520.00−$848.00−$45.40−$13.80−$19.72−$47.50−$13.88−$5.96
Balance sheet
Cash and equivalents$48.0M$137.7M$941.6M$746.4M$538.5M$372.0M$228.3M$182.3M
Total assets—$499.9M$1.38B$1.45B$1.22B$589.7M$436.0M$323.8M
Total liabilities—$124.9M$130.4M$185.0M$133.7M$109.5M$119.7M$76.0M
Shareholders' equity−$204.4M−$307.1M$1.22B$1.24B$1.06B$464.2M$304.8M$235.6M
Cash flow
Operating cash flow−$74.0M−$81.9M−$112.5M−$141.5M−$192.3M−$148.3M−$127.3M−$66.0M
Capital expenditure$1.91M$1.34M$3.32M$559.0K$292.0K$192.0K$119.0K$21.0K
Free cash flow−$75.9M−$83.2M−$115.8M−$142.1M−$192.6M−$148.5M−$127.5M−$66.0M

From American Well's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About American Well

American Well Corporation, doing business as Amwell, is a telemedicine company based in Boston, Massachusetts, that connects patients with doctors over secure video. Amwell sells its platform as a subscription service to healthcare providers to put their medical professionals online and its proprietary software development kits, APIs, and system integrations enable clients to embed telehealth into existing workflows utilized by providers and patients.

Source: Wikipedia — Amwell (company)

Headquarters
Boston, Massachusetts From SEC filings, Oct 2026

Recent News (4)

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