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American Well Corporation(AMWL)Earnings, Financials & Key Ratios
AMWL•NYSE
$7.15
$119M mkt cap·Price updated May 6, 2026
AboutAmerican Well Corporation operates as a telehealth software company that enables digital delivery of care for healthcare. The company products offer urgent care; scheduled visits; acute behavioral health; telestroke; pediatrics; retail health, school health, and home settings. Its application offers urgent care; pediatrics; therapy; menopause nutrition; end-stage renal disease and dialysis; dermatology care; behavioral health therapy; and musculoskeletal care. The company also provides telemedicine equipment, including telemedicine carts, peripherals, tyto care, TV kits, tablets, and kiosks. American Well Corporation was incorporated in 2006 and is headquartered in Boston, Massachusetts.Show more
- Revenue$249M-2.0%
- EBITDA-$71M+61.4%
- Net Income-$96M+54.0%
- EPS (Diluted)-5.96+57.1%
- Gross Margin53.29%+37.0%
- EBITDA Margin-28.6%+60.6%
- Operating Margin-42.22%+50.6%
- Net Margin-38.38%+53.1%
- ROE-33.93%+35.1%
- ROIC-95.06%+37.1%
- Debt/Equity0.02-29.6%
AMWL Key Insights
American Well Corporation (AMWL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y profit CAGR of 15.7%
- ✓Trading at only 0.5x book value
✗Weaknesses
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AMWL Price & Volume
American Well Corporation (AMWL) stock price & volume — 10-year historical chart
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AMWL Growth Metrics
American Well Corporation (AMWL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years0.33%
3 Years-3.47%
TTM-30.26%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM43.21%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM46.81%
Return on Capital
10 Years-34.78%
5 Years-42.62%
3 Years-58.72%
Last Year-36.6%
AMWL Recent Earnings
American Well Corporation (AMWL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 5, 2026EPS
$0.66
Est $0.77
+14.3%
Revenue
$55M
Est $52M
+6.5%
Q1 2026
Feb 12, 2026EPS
$1.43
Est $1.59
+10.1%
Revenue
$55M
Est $53M
+5.1%
Q4 2025
Nov 4, 2025EPS
$1.74
Est $1.46
-19.4%
Revenue
$56M
Est $55M
+3.2%
Q3 2025
Aug 5, 2025EPS
$1.24
Est $1.84
+32.6%
Revenue
$71M
Est $61M
+15.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.66vs $0.77+14.3% | $55Mvs $52M+6.5% |
| Q1 2026 | Feb 12, 2026 | $1.43vs $1.59+10.1% | $55Mvs $53M+5.1% |
| Q4 2025 | Nov 4, 2025 | $1.74vs $1.46-19.4% | $56Mvs $55M+3.2% |
| Q3 2025 | Aug 5, 2025 | $1.24vs $1.84+32.6% | $71Mvs $61M+15.4% |
Based on last 12 quarters of dataView full earnings history →
AMWL Peer Comparison
American Well Corporation (AMWL) competitors in Virtual Care and Digital Programs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TDOC | 1.23B | 6.80 | -5.96 | -1.54% | -6.81% | -12.37% | 0.75 | |
 DOCS | 5.17B | 25.69 | 23.14 | 19.98% | 37.54% | 24.45% | 0.01 | |
 HIMS | 6.94B | 26.88 | 52.71 | 59% | 5.47% | 23.73% | 2.07 | |
 OPRX | 120.61M | 6.47 | 23.96 | 18.78% | 4.69% | 4.22% | 0.04 | |
 TALK | 869.39M | 5.19 | 129.75 | 22% | 3.4% | 6.89% | ||
 CLOV | 1.37B | 2.68 | -15.76 | 40.34% | -2.58% | -17.08% | ||
 GDRX | 880.73M | 2.57 | 30.13 | 0.57% | 3.74% | 4.75% | 0.10 | |
 PRVA | 3.01B | 23.99 | 133.28 | 22.26% | 1.08% | 3.06% | 0.01 |
Compare AMWL vs Peers
American Well Corporation (AMWL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AMWL Income Statement
American Well Corporation (AMWL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 113.95M | 148.86M | 245.26M | 252.79M | 277.19M | 259.05M | 254.36M | 249.32M | 182.49M |
| Revenue Growth % | - | 30.63% | 64.77% | 3.07% | 9.65% | -6.55% | -1.81% | -1.98% | -30.26% |
| Cost of Goods Sold | 58.61M | 79.98M | 156.79M | 148.47M | 160.42M | 164.29M | 155.41M | 116.47M | 111.81M |
| COGS % of Revenue | 51.43% | 53.73% | 63.93% | 58.73% | 57.87% | 63.42% | 61.1% | 46.71% | - |
| Gross Profit | 55.34M▲ 0% | 68.88M▲ 24.5% | 88.47M▲ 28.4% | 104.31M▲ 17.9% | 116.77M▲ 11.9% | 94.76M▼ 18.8% | 98.95M▲ 4.4% | 132.86M▲ 34.3% | 70.68M▲ 0% |
| Gross Margin % | 48.57% | 46.27% | 36.07% | 41.27% | 42.13% | 36.58% | 38.9% | 53.29% | 38.73% |
| Gross Profit Growth % | - | 24.46% | 28.45% | 17.9% | 11.94% | -18.85% | 4.42% | 34.27% | - |
| Operating Expenses | 110.45M | 163.59M | 315.91M | 283.46M | 392.62M | 786.9M | 316.49M | 238.13M | 217.85M |
| OpEx % of Revenue | 96.92% | 109.89% | 128.8% | 112.13% | 141.64% | 303.77% | 124.42% | 95.51% | - |
| Selling, General & Admin | 68.85M | 101.88M | 221.34M | 160.78M | 227.98M | 213.1M | 197.45M | 131.31M | 120.99M |
| SG&A % of Revenue | 60.42% | 68.44% | 90.25% | 63.6% | 82.25% | 82.27% | 77.62% | 52.67% | - |
| Research & Development | 36.27M | 53.94M | 84.41M | 106.59M | 138.49M | 105.83M | 86.06M | 72.86M | 63.14M |
| R&D % of Revenue | 31.83% | 36.24% | 34.42% | 42.17% | 49.96% | 40.85% | 33.84% | 29.22% | - |
| Other Operating Expenses | 5.33M | 7.76M | 10.15M | 16.09M | 26.15M | 467.97M | 32.98M | 33.96M | 4M |
| Operating Income | -55.11M▲ 0% | -94.7M▼ 71.9% | -227.43M▼ 140.1% | -179.15M▲ 21.2% | -275.85M▼ 54.0% | -692.14M▼ 150.9% | -217.53M▲ 68.6% | -105.27M▲ 51.6% | -92.29M▲ 0% |
| Operating Margin % | -48.36% | -63.62% | -92.73% | -70.87% | -99.52% | -267.19% | -85.52% | -42.22% | -50.57% |
| Operating Income Growth % | - | -71.86% | -140.15% | 21.23% | -53.98% | -150.91% | 68.57% | 51.61% | - |
| EBITDA | -49.78M | -86.94M | -217.28M | -163.06M | -249.69M | -660.63M | -184.56M | -71.31M | -58.56M |
| EBITDA Margin % | -43.68% | -58.41% | -88.59% | -64.5% | -90.08% | -255.02% | -72.56% | -28.6% | -32.09% |
| EBITDA Growth % | - | -74.67% | -149.91% | 24.95% | -53.13% | -164.58% | 72.06% | 61.36% | 58.28% |
| D&A (Non-Cash Add-back) | 5.33M | 7.76M | 10.15M | 16.09M | 26.17M | 31.51M | 32.98M | 33.96M | 33.72M |
| EBIT | -55.11M | -94.7M | -227.43M | -179.15M | -275.85M | -255.66M | -217.53M | -105.27M | -74.86M |
| Net Interest Income | 2.79M | 5.54M | 1.63M | 120K | 6.12M | 19.42M | 10.76M | 3.8M | 1.48M |
| Interest Income | 2.79M | 5.54M | 1.63M | 120K | 6.12M | 19.42M | 10.76M | 3.8M | 1.48M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 313K |
| Other Income/Expense | 2.79M | 5.54M | -556K | -3.01M | 3.85M | 16.83M | 7.65M | 10.74M | 5.46M |
| Pretax Income | -52.31M▲ 0% | -89.17M▼ 70.5% | -227.99M▼ 155.7% | -182.16M▲ 20.1% | -272.01M▼ 49.3% | -675.31M▼ 148.3% | -209.89M▲ 68.9% | -94.53M▲ 55.0% | -86.83M▲ 0% |
| Pretax Margin % | -45.91% | -59.9% | -92.96% | -72.06% | -98.13% | -260.69% | -82.51% | -37.92% | -47.58% |
| Income Tax | 0 | -803K | 639K | -5.38M | 64K | 3.86M | 2.75M | 434K | -351K |
| Effective Tax Rate % | 0% | 0.9% | -0.28% | 2.95% | -0.02% | -0.57% | -1.31% | -0.46% | 0.4% |
| Net Income | -52.67M▲ 0% | -87.19M▼ 65.5% | -224.43M▼ 157.4% | -176.33M▲ 21.4% | -270.43M▼ 53.4% | -675.16M▼ 149.7% | -208.14M▲ 69.2% | -95.7M▲ 54.0% | -87.88M▲ 0% |
| Net Margin % | -46.22% | -58.57% | -91.51% | -69.76% | -97.56% | -260.63% | -81.83% | -38.38% | -48.16% |
| Net Income Growth % | - | -65.53% | -157.41% | 21.43% | -53.36% | -149.66% | 69.17% | 54.02% | 43.21% |
| Net Income (Continuing) | -52.31M | -88.37M | -228.63M | -176.78M | -272.07M | -679.17M | -212.64M | -94.97M | -87.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 27.43M | 26.26M | 22.07M | 21.62M | 19.97M | 15.97M | 11.47M | 12.21M | 12.79M |
| EPS (Diluted) | -25.96▲ 0% | -42.39▼ 63.3% | -45.32▼ 6.9% | -13.88▲ 69.4% | -19.68▼ 41.8% | -47.50▼ 141.4% | -13.88▲ 70.8% | -5.96▲ 57.1% | -5.30▲ 0% |
| EPS Growth % | - | -63.29% | -6.91% | 69.37% | -41.79% | -141.36% | 70.78% | 57.06% | 46.81% |
| EPS (Basic) | -25.96 | -42.39 | -45.32 | -13.88 | -19.68 | -47.50 | -13.88 | -5.96 | - |
| Diluted Shares Outstanding | 2.03M | 2.06M | 4.95M | 12.7M | 13.71M | 14.21M | 15M | 16.05M | 16.59M |
| Basic Shares Outstanding | 2.03M | 2.06M | 4.95M | 12.7M | 13.71M | 14.21M | 15M | 16.05M | 16.59M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
AMWL Balance Sheet
American Well Corporation (AMWL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 300.17M | 223.53M | 1.11B | 827.3M | 626.62M | 449.58M | 316.99M | 246.68M | 259.05M |
| Cash & Short-Term Investments | 256.2M | 177.63M | 1.04B | 746.42M | 538.55M | 372.04M | 228.32M | 182.33M | 179.21M |
| Cash Only | 47.98M | 137.67M | 941.62M | 746.42M | 538.55M | 372.04M | 228.32M | 182.33M | 179.21M |
| Short-Term Investments | 208.23M | 39.95M | 99.96M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 30.78M | 32.73M | 45.3M | 51.38M | 58.37M | 54.15M | 71.89M | 49.69M | 57.09M |
| Days Sales Outstanding | 98.58 | 80.25 | 67.41 | 74.18 | 76.86 | 76.29 | 103.15 | 72.75 | 107.96 |
| Inventory | 2.51M | 3.1M | 9.13M | 7.53M | 8.74M | 6.65M | 2.86M | 1.19M | 1.15M |
| Days Inventory Outstanding | 15.64 | 14.17 | 21.25 | 18.51 | 19.88 | 14.78 | 6.71 | 3.72 | 5.18 |
| Other Current Assets | 5.87M | 2.91M | 3.23M | 1.7M | 1.39M | 16.75M | 13.93M | 13.47M | 21.6M |
| Total Non-Current Assets | 189.15M | 276.35M | 263.36M | 618.54M | 590.94M | 140.12M | 118.97M | 77.11M | 66.92M |
| Property, Plant & Equipment | 3.08M | 14.61M | 10.45M | 18.66M | 14.52M | 11.03M | 7.58M | 4.16M | 178K |
| Fixed Asset Turnover | 37.03x | 10.19x | 23.48x | 13.55x | 19.09x | 23.50x | 33.56x | 60.01x | 47.95x |
| Goodwill | 127.27M | 193.88M | 193.88M | 442.76M | 435.28M | 0 | 0 | 0 | 0 |
| Intangible Assets | 55.39M | 63.53M | 55.53M | 152.41M | 134.98M | 120.25M | 101.54M | 66.07M | 61.09M |
| Long-Term Investments | 0 | 0 | 752K | 168K | 795K | 1.18M | 1.5M | 795K | 3.38M |
| Other Non-Current Assets | 4.5M | 5.48M | 1.43M | 2.52M | 6.16M | 7.67M | 8.36M | 6.08M | 26.93M |
| Total Assets | 489.31M▲ 0% | 499.88M▲ 2.2% | 1.38B▲ 175.4% | 1.45B▲ 5.0% | 1.22B▼ 15.8% | 589.71M▼ 51.6% | 435.97M▼ 26.1% | 323.79M▼ 25.7% | 325.97M▲ 0% |
| Asset Turnover | 0.23x | 0.30x | 0.18x | 0.17x | 0.23x | 0.44x | 0.58x | 0.77x | 0.52x |
| Asset Growth % | - | 2.16% | 175.39% | 5.03% | -15.79% | -51.57% | -26.07% | -25.73% | -97.07% |
| Total Current Liabilities | 87.83M | 106.58M | 120.98M | 141.63M | 114.06M | 93.8M | 111.26M | 73.21M | 83.77M |
| Accounts Payable | 4.23M | 6.5M | 5.8M | 12.16M | 7.24M | 4.86M | 5.01M | 1.65M | 1.39M |
| Days Payables Outstanding | 26.32 | 29.68 | 13.5 | 29.88 | 16.46 | 10.81 | 11.78 | 5.17 | 10.39 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.96M |
| Deferred Revenue (Current) | 64.13M | 0 | 0 | 0 | 49.51M | 46.37M | 53.23M | 22.63M | 122.84M |
| Other Current Liabilities | 8.3M | 66.49M | 66.69M | 83.84M | 35.97M | 12.14M | 36.07M | 34.73M | 48.76M |
| Current Ratio | 3.42x | 2.10x | 9.20x | 5.84x | 5.49x | 4.79x | 2.85x | 3.37x | 3.37x |
| Quick Ratio | 3.39x | 2.07x | 9.13x | 5.79x | 5.42x | 4.72x | 2.82x | 3.35x | 3.35x |
| Cash Conversion Cycle | 87.91 | 64.74 | 75.16 | 62.81 | 80.28 | 80.26 | 98.09 | 71.3 | 102.75 |
| Total Non-Current Liabilities | 605.89M | 18.37M | 9.47M | 43.34M | 19.65M | 15.72M | 8.46M | 2.79M | 2.07M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 7.16M | 1.3M | 14.69M | 11.79M | 8.21M | 4.51M | 892K | 5.36M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 576.72M | 11.21M | 64K | 21.59M | 1.57M | 1.43M | 1.17M | 1.07M | 5.68M |
| Total Liabilities | 693.72M | 124.95M | 130.45M | 184.96M | 133.71M | 109.52M | 119.72M | 76M | 85.84M |
| Total Debt | 0 | 13.4M | 7.65M | 16.61M | 14.84M | 11.79M | 8.2M | 4.52M | 3.96M |
| Net Debt | -47.98M | -124.28M | -933.96M | -729.8M | -523.7M | -360.25M | -220.12M | -177.8M | -175.25M |
| Debt / Equity | - | 0.04x | 0.01x | 0.01x | 0.01x | 0.02x | 0.03x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -0.07x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 2.99x |
| Interest Coverage | - | - | - | - | - | - | - | - | -239.18x |
| Total Equity | 371.3M▲ 0% | 374.94M▲ 1.0% | 1.25B▲ 232.4% | 1.26B▲ 1.2% | 1.08B▼ 14.0% | 480.19M▼ 55.7% | 316.24M▼ 34.1% | 247.79M▼ 21.6% | 240.12M▲ 0% |
| Equity Growth % | - | 0.98% | 232.38% | 1.18% | -14.04% | -55.7% | -34.14% | -21.65% | -88.78% |
| Book Value per Share | 182.98 | 182.28 | 251.64 | 99.25 | 79.04 | 33.79 | 21.08 | 15.44 | 14.47 |
| Total Shareholders' Equity | 343.87M | 348.68M | 1.22B | 1.24B | 1.06B | 464.22M | 304.77M | 235.58M | 227.33M |
| Common Stock | 49K | 423K | 2.36M | 2.62M | 2.77M | 145K | 156K | 165K | 167K |
| Retained Earnings | -270.74M | -357.93M | -582.36M | -811.28M | -1.08B | -1.76B | -1.97B | -2.06B | -2.07B |
| Treasury Stock | 0 | -158K | -37.57M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.35M | 250K | 297K | -6.35M | -16.97M | -15.65M | -15.84M | -12.1M | -12.07M |
| Minority Interest | 27.43M | 26.26M | 22.07M | 21.62M | 19.97M | 15.97M | 11.47M | 12.21M | 12.79M |
AMWL Cash Flow Statement
American Well Corporation (AMWL) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -74.01M | -81.89M | -112.46M | -141.54M | -192.32M | -148.34M | -127.34M | -65.95M | -65.95M |
| Operating CF Margin % | -64.94% | -55.01% | -45.85% | -55.99% | -69.38% | -57.26% | -50.06% | -26.45% | - |
| Operating CF Growth % | - | -10.66% | -37.33% | -25.85% | -35.88% | 22.87% | 14.16% | 48.21% | 187.23% |
| Net Income | -52.31M | -88.37M | -228.63M | -176.78M | -272.07M | -675.16M | -208.14M | -95.7M | -87.88M |
| Depreciation & Amortization | 5.33M | 7.76M | 10.15M | 16.09M | 26.17M | 31.92M | 33.43M | 33.96M | 34.69M |
| Stock-Based Compensation | 7.67M | 12.13M | 118.36M | 43.81M | 67.67M | 72.25M | 0 | 22.01M | 16.98M |
| Deferred Taxes | 884K | -1.39M | 3.83M | -6.25M | -2.52M | -242K | -243K | -1.11M | -39K |
| Other Non-Cash Items | 1.19M | 2.49M | 2.26M | 9.31M | 16.53M | 438.4M | 57.59M | 1.68M | 7.27M |
| Working Capital Changes | -36.77M | -14.52M | -18.45M | -27.71M | -28.1M | -15.51M | -9.98M | -26.8M | -14.06M |
| Change in Receivables | -19.47M | 803K | -14.21M | -512K | -8.14M | 3.25M | -25.01M | 12.22M | 9.89M |
| Change in Inventory | 1.57M | -592K | -6.02M | 1.6M | -1.21M | 2.08M | 1.9M | 1.17M | 882K |
| Change in Payables | -787K | 1.16M | -707K | 5.55M | -4.78M | -2.36M | 159K | -3.42M | -5.11M |
| Cash from Investing | -245.93M | 120M | -66.76M | -59.63M | -11.63M | -19.17M | -18.65M | 17.1M | -5.07M |
| Capital Expenditures | -1.91M | -1.34M | -3.32M | -559K | -10.45M | -292K | 0 | -21K | -17K |
| CapEx % of Revenue | 1.68% | 0.9% | 1.35% | 0.22% | 3.77% | 0.11% | 5.98% | 0.01% | - |
| Acquisitions | -64.38M | -45.75M | -2.94M | -159.07M | -1.96M | 0 | 0 | 18.32M | -2.08M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -2.55M | 0 | -18.88M | -18.65M | -196K | -2.78M |
| Cash from Financing | 278.18M | 46.64M | 983.12M | 5.75M | -3.61M | 2.15M | 1.38M | 840K | 600K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 277.55M | 45.6M | 980.48M | -15.04M | -360K | -586K | -3K | 840K | 297K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.9M | -158K | -37.57M | -15.04M | -360K | -586K | -3K | -4K | -3K |
| Other Financing | 635K | 1.04M | 2.64M | 20.79M | -3.25M | 2.73M | 1.38M | 0 | 303K |
| Net Change in Cash | -41.76M▲ 0% | 84.75M▲ 302.9% | 803.89M▲ 848.6% | -195.5M▼ 124.3% | -207.87M▼ 6.3% | -166.51M▲ 19.9% | -143.72M▲ 13.7% | -45.99M▲ 68.0% | -43.2M▲ 0% |
| Free Cash Flow | -75.92M▲ 0% | -83.23M▼ 9.6% | -115.78M▼ 39.1% | -142.1M▼ 22.7% | -202.77M▼ 42.7% | -163.59M▲ 19.3% | -142.56M▲ 12.9% | -65.97M▲ 53.7% | -41.84M▲ 0% |
| FCF Margin % | -66.62% | -55.91% | -47.21% | -56.21% | -73.15% | -63.15% | -56.05% | -26.46% | -22.93% |
| FCF Growth % | - | -9.63% | -39.11% | -22.73% | -42.7% | 19.32% | 12.86% | 53.72% | 60.16% |
| FCF per Share | -37.41 | -40.46 | -23.38 | -11.19 | -14.79 | -11.51 | -9.50 | -4.11 | -4.11 |
| FCF Conversion (FCF/Net Income) | 1.40x | 0.94x | 0.50x | 0.80x | 0.71x | 0.22x | 0.61x | 0.69x | 0.48x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 193K | 713K | 1.59M | 1.72M | 5M | 4.11M | 0 | 686K |
AMWL Key Ratios
American Well Corporation (AMWL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -23.37% | -27.69% | -14.07% | -23.07% | -86.34% | -52.27% | -33.93% | -33.48% |
| Return on Invested Capital (ROIC) | -24.75% | -60.61% | -31.86% | -37.92% | -152.66% | -151.02% | -95.06% | -95.06% |
| Gross Margin | 46.27% | 36.07% | 41.27% | 42.13% | 36.58% | 38.9% | 53.29% | 38.73% |
| Net Margin | -58.57% | -91.51% | -69.76% | -97.56% | -260.63% | -81.83% | -38.38% | -48.16% |
| Debt / Equity | 0.04x | 0.01x | 0.01x | 0.01x | 0.02x | 0.03x | 0.02x | 0.02x |
| Interest Coverage | - | - | - | - | - | - | - | -239.18x |
| FCF Conversion | 0.94x | 0.50x | 0.80x | 0.71x | 0.22x | 0.61x | 0.69x | 0.48x |
| Revenue Growth | 30.63% | 64.77% | 3.07% | 9.65% | -6.55% | -1.81% | -1.98% | -30.26% |
AMWL SEC Filings & Documents
American Well Corporation (AMWL) SEC filings — annual & quarterly reports (10-K, 10-Q)
AMWL Frequently Asked Questions
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Growth & Financials
American Well Corporation (AMWL) reported $182.5M in revenue for fiscal year 2025. This represents a 60% increase from $114.0M in 2018.
American Well Corporation (AMWL) saw revenue decline by 2.0% over the past year.
American Well Corporation (AMWL) reported a net loss of $87.9M for fiscal year 2025.
Dividend & Returns
American Well Corporation (AMWL) has a return on equity (ROE) of -33.9%. Negative ROE indicates the company is unprofitable.
American Well Corporation (AMWL) had negative free cash flow of $41.8M in fiscal year 2025, likely due to heavy capital investments.
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