American Well Corp

American Well CorpAMWLEarnings & Financial Report

NYSE · Industrials · Services-Business Services, NEC

The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter, Goodwin & Company, and Kinney Brothers. The company was one of the original 12 members of the Dow Jones Industrial Average in 1896. The American Tobacco Company dominated the industry by acquiring the Lucky Strike Company and over 200 other rival firms. Federal Antitrust action begun in 1907 broke the company into several ...

Revenue

$59.5M

Gross Profit

N/A

Operating Profit

$-75.0M

Net Profit

$-72.1M

Gross Margin

N/A

Operating Margin

-126.1%

Net Margin

-121.1%

YoY Growth

-7.0%

EPS

$-4.94

American Well Corp Q1 FY2024 Financial Summary

American Well Corp reported revenue of $59.5M (down 7.0% YoY) for Q1 FY2024, with a net profit of $-72.1M (up 81.9% YoY) (-121.1% margin).

Key Financial Metrics

Total Revenue$59.5M
Net Profit$-72.1M
Gross MarginN/A
Operating Margin-126.1%
Report PeriodQ1 FY2024

Revenue Breakdown

American Well Corp Q1 FY2024 revenue of $59.5M breaks down across 3 segments, led by Visits at $31.1M (52.2% of total).

SegmentRevenue% of Total
Visits$31.1M52.2%
Platform Subscription$24.9M41.8%
Others$3.6M6.0%

American Well Corp Revenue by Segment — Quarterly Trend

American Well Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Visits and Platform Subscription) has evolved quarter over quarter.

SegmentQ4 FY2025Q3 FY2025Q2 FY2025Q1 FY2025
Visits$23.7M$21.2M$22.8M$26.6M
Platform Subscription$28.8M$30.9M$40.5M$32.2M
Others$2.8M$4.2M$7.7M$8.0M

American Well Corp Annual Revenue by Year

American Well Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $249.3M).

YearAnnual Revenue
2025$249.3M
2024$254.4M
2023$259.0M
2022$277.2M

American Well Corp Quarterly Revenue & Net Profit History

American Well Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.

QuarterRevenueRevenue YoYNet ProfitNet Margin
Q4 FY2025$55.3M-22.1%$-24.9M-45.1%
Q3 FY2025$56.3M-7.8%$-32.4M-57.5%
Q2 FY2025$70.9M+12.9%$-19.7M-27.8%
Q1 FY2025$66.8M+12.3%$-18.7M-28.0%
Q4 FY2024$71.0M+0.5%$-42.7M-60.1%
Q3 FY2024$61.0M-1.4%$-43.5M-71.2%
Q2 FY2024$62.8M+0.5%$-49.9M-79.5%
Q1 FY2024$59.5M-7.0%$-72.1M-121.1%

Income Statement

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Revenue$59.5M$62.8M$61.0M$71.0M$66.8M$70.9M$56.3M$55.3M
YoY Growth-7.0%0.5%-1.4%0.5%12.3%12.9%-7.8%-22.1%

Balance Sheet

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Assets$548.4M$507.8M$483.0M$436.0M$419.5M$388.7M$359.4M$323.8M
Liabilities$125.0M$130.0M$132.9M$119.7M$113.7M$94.1M$92.1M$76.0M
Equity$408.7M$363.9M$336.7M$304.8M$294.0M$282.6M$254.9M$235.6M

Cash Flow

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Operating CF$-59.8M$-21.8M$-32.4M$-13.4M$-25.1M$-4.7M$-18.8M$-17.4M