FY2025 · ended Dec 31, 2025 · Revenue $249.32M, -2.0% YoY · Filed Feb 12, 2026
American Well Corporation (AMWL) files with the SEC under industry code 7389, Services-Business Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $249.3 million and a net loss of $95.7 million. Free cash flow was -$66.0 million. As of Sep 30, 2026 it held $180.8 million in cash and investments and $2.0 million in total debt.
Revenue (TTM)
$211.23M
-20.3% vs year-ago TTM
Net income (TTM)
$-57.10M
+49.7% vs year-ago TTM
Operating cash flow (TTM)
$-19.29M
+68.9% vs year-ago TTM
Free cash flow (TTM)
$-19.32M
+68.9% vs year-ago TTM
EPS (TTM)
$-3.42
+52.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
16.43M
+5.5% vs prior year
Net cash
$178.78M
as of Sep 30, 2026
Operating margin
-30.2%
FY 2026
Company profile
- Industry
- Services-Business Services, NEC (SIC 7389)
- Listed as
- AMWL (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Boston, MA
- SEC filer status
- Accelerated filer, Smaller reporting company
- SEC CIK
- 1393584
Other Services-Business Services, NEC companies
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- Accenture plc ACN
- Uber Technologies, Inc UBER
- PDD Holdings Inc. PDD
- Mercadolibre Inc MELI
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Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $249.3M | $254.4M | $259.0M | $277.2M | $252.8M |
| Operating income | -$105.3M | -$217.5M | -$692.1M | -$275.9M | -$179.1M |
| Net income | -$95.7M | -$208.1M | -$675.2M | -$270.4M | -$176.3M |
| Diluted EPS | -$5.96 | -$13.88 | -$47.50 | -$19.72 | — |
| Operating cash flow | -$66.0M | -$127.3M | -$148.3M | -$192.3M | -$141.5M |
| Free cash flow | -$66.0M | -$127.5M | -$148.5M | -$192.6M | -$142.1M |
| Total assets | $323.8M | $436.0M | $589.7M | $1.2B | $1.4B |
| Total liabilities | $76.0M | $119.7M | $109.5M | $133.7M | $185.0M |
| Stockholders' equity | $235.6M | $304.8M | $464.2M | $1.1B | $1.2B |
| Cash and investments | $182.3M | $228.3M | $372.0M | $538.5M | $746.4M |
| Total debt | $4.5M | $8.2M | $11.8M | $8.2M | $16.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 3, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 3, 2026 | Nov 3, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 4, 2026 | Aug 4, 2026 |
| 8-K |
Current report
Auditor change
|
Jul 21, 2026 | Jul 14, 2026 |
| 8-K |
Current report
Officer or director change
|
Jul 14, 2026 | Jul 8, 2026 |
All 800 American Well Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.