American Well Corporation (AMWL)

American Well Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	265.02	254.36	259.05	277.19	252.79	245.27
Revenue Growth (YoY)	4.32%	-1.81%	-6.54%	9.65%	3.07%	64.77%
Cost of Revenue	125.65	154.95	164.29	160.42	148.47	156.79
Gross Profit	139.38	99.41	94.76	116.77	104.32	88.48
Selling, General & Admin	132.38	179.42	213.11	222.41	151.31	220.99
Research & Development	75.3	83.67	105.83	138.49	106.59	84.41
Operating Expenses	241.36	296.06	350.42	387.05	273.99	315.3
Operating Income	-101.99	-196.64	-255.66	-270.28	-169.68	-226.82
Interest & Investment Income	4.59	10.76	19.43	6.5	-	1.63
Earnings From Equity Investments	-2.21	-3.11	-2.59	-2.28	-3.13	-2.19
Currency Exchange Gain (Loss)	-	-	-0.01	-0.38	0.45	-
Other Non Operating Income (Expenses)	-	-	-	-	-0.33	-
EBT Excluding Unusual Items	-99.6	-189	-238.83	-266.43	-172.69	-227.38
Merger & Restructuring Charges	-20.89	-20.89	-	-	-7.29	-
Impairment of Goodwill	-	-	-436.48	-	-	-
Asset Writedown	-	-	-	-	-	-0.26
Legal Settlements	-	-	-	-5.58	-2.18	-0.35
Pretax Income	-111.78	-209.89	-675.31	-272.01	-182.16	-227.99
Income Tax Expense	2.59	2.75	3.86	0.06	-5.38	0.64
Earnings From Continuing Operations	-114.37	-212.64	-679.17	-272.07	-176.78	-228.63
Minority Interest in Earnings	0.94	4.5	4.01	1.64	0.45	4.19
Net Income	-113.43	-208.14	-675.16	-270.43	-176.33	-224.43
Net Income to Common	-113.43	-208.14	-675.16	-270.43	-176.33	-224.43
Shares Outstanding (Basic)	16	15	14	14	13	5
Shares Outstanding (Diluted)	16	15	14	14	13	5
Shares Change (YoY)	7.11%	5.54%	3.65%	7.94%	156.52%	140.76%
EPS (Basic)	-7.18	-13.88	-47.50	-19.72	-13.88	-45.32
EPS (Diluted)	-7.18	-13.88	-47.50	-19.72	-13.88	-45.32
Free Cash Flow	-62.05	-127.46	-148.54	-192.62	-142.1	-115.78
Free Cash Flow Per Share	-3.93	-8.50	-10.45	-14.05	-11.19	-23.38
Gross Margin	52.59%	39.08%	36.58%	42.13%	41.27%	36.07%
Operating Margin	-38.48%	-77.31%	-98.69%	-97.51%	-67.12%	-92.48%
Profit Margin	-42.80%	-81.83%	-260.63%	-97.56%	-69.75%	-91.51%
Free Cash Flow Margin	-23.41%	-50.11%	-57.34%	-69.49%	-56.21%	-47.21%
EBITDA	-68.31	-163.67	-230.41	-244.11	-153.59	-216.93
EBITDA Margin	-25.77%	-64.34%	-88.94%	-88.07%	-60.76%	-88.44%
D&A For EBITDA	33.68	32.97	25.26	26.17	16.09	9.9
EBIT	-101.99	-196.64	-255.66	-270.28	-169.68	-226.82
EBIT Margin	-38.48%	-77.31%	-98.69%	-97.51%	-67.12%	-92.48%
Advertising Expenses	-	3.94	5.51	6.61	5.6	3.86

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q