American Well financials
$13.14−2.23%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.0M | $54.9M | $55.3M | $56.3M | $70.9M | $66.8M | $71.0M | $61.0M | $62.8M | $59.5M | $70.7M | $61.9M |
| Gross profit | $27.6M | $28.0M | $28.3M | $29.5M | $39.8M | $35.3M | $34.4M | $22.7M | $23.5M | $18.4M | $23.8M | $21.5M |
| Gross margin | 53.0% | 51.0% | 51.2% | 52.4% | 56.1% | 52.8% | 48.4% | 37.2% | 37.4% | 30.9% | 33.7% | 34.7% |
| Operating income | -$9.6M | -$17.4M | -$25.2M | -$29.3M | -$20.4M | -$30.4M | -$42.8M | -$47.4M | -$52.4M | -$75.0M | -$57.0M | -$143.4M |
| Net income | -$9.9M | -$10.9M | -$24.9M | -$32.4M | -$19.7M | -$18.7M | -$42.7M | -$43.5M | -$49.9M | -$72.1M | -$48.6M | -$136.4M |
| Net margin | −19.1% | −19.8% | −45.1% | −57.5% | −27.8% | −28.0% | −60.1% | −71.2% | −79.5% | −121.1% | −68.7% | −220.3% |
| Diluted EPS | $-0.59 | $-0.66 | $-1.52 | $-2.00 | $-1.24 | $-1.19 | $-2.77 | $-2.87 | $-3.36 | $-4.94 | $-1.17 | $-9.54 |
| EBITDA | -$2.5M | -$9.8M | -$16.7M | -$21.7M | -$12.2M | -$22.6M | -$34.5M | -$40.3M | -$42.9M | -$66.8M | -$48.7M | -$56.2M |
| Operating cash flow | $10.7M | -$983.0K | -$17.4M | -$18.8M | -$4.7M | -$25.1M | -$13.4M | -$32.4M | -$21.8M | -$59.8M | -$41.6M | -$38.0M |
| Free cash flow | $10.7M | -$988.0K | -$17.4M | -$18.8M | -$4.7M | -$25.1M | -$13.4M | -$32.4M | -$21.8M | -$59.8M | -$41.7M | -$38.1M |
| Diluted shares | 16.8M | 16.6M | 16.4M | 16.2M | 15.9M | 15.7M | 15.4M | 15.1M | 14.9M | 14.6M | 41.4M | 14.3M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $195.9M | $179.2M | $182.3M | $200.9M | $219.1M | $222.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $327.2M | $326.0M | $323.8M | $359.4M | $388.7M | $419.5M |
| Total liabilities | $92.9M | $85.8M | $76.0M | $92.1M | $94.1M | $113.7M |
| Shareholders' equity | $234.3M | $240.1M | $247.8M | $267.4M | $294.6M | $305.8M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology