American Well Corp
American Well Corp
American Well Corp (AMWL) — SEC Financial Statements & Analysis
American Well Corp (AMWL) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 179 | 182 | 201 | 219 | 222 | 228 | 245 | 277 | 309 | 372 | 319 | 161 | |||||
Short Term Investments | - | - | - | - | - | - | - | - | - | - | 99 | 297 | |||||
Restricted Cash Current | 1 | - | - | - | - | - | - | - | - | - | - | - | |||||
Accounts Receivable Net Current | 57 | 50 | 56 | 54 | 72 | 72 | 89 | 76 | 81 | 54 | 47 | 48 | |||||
Inventory Net | 1 | 1 | 2 | 2 | 3 | 3 | 5 | 6 | 7 | 7 | 8 | 9 | |||||
Deferred Costs Current | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Prepaid Expense And Other Assets Current | 18 | 11 | 10 | 12 | 12 | 11 | 16 | 17 | 16 | 14 | 14 | 18 | |||||
Assets Current | 259 | 247 | 271 | 290 | 312 | 317 | 357 | 378 | 414 | 450 | 489 | 535 | |||||
Restricted Cash Noncurrent | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Property Plant And Equipment Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | |||||
Goodwill | - | - | - | - | - | - | - | - | - | 0 | - | 79 | |||||
Intangible Assets Net Excluding Goodwill | 61 | 66 | 75 | 84 | 91 | 102 | 109 | 111 | 114 | 120 | 126 | 135 | |||||
Operating Lease Right Of Use Asset | 0 | 4 | 5 | 6 | 6 | 7 | 8 | 9 | 10 | 10 | 11 | 12 | |||||
Deferred Costs | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | |||||
Other Assets Noncurrent | 1 | 2 | 3 | 3 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Investments In Affiliates Subsidiaries Associates … | - | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 2 | 1 | 2 | 2 | |||||
Assets | 326 | 324 | 359 | 389 | 419 | 436 | 483 | 508 | 548 | 590 | 635 | 772 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 1 | 2 | 6 | 4 | 6 | 5 | 8 | 6 | 7 | 5 | 5 | 5 | |||||
Accounts Payable And Other Accrued Liabilities Cur… | 49 | 45 | 47 | 39 | 39 | 49 | 48 | 44 | 39 | 39 | 37 | 43 | |||||
Operating Lease Liability Current | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | |||||
Contract With Customer Liability Current | 30 | 23 | 29 | 41 | 57 | 53 | 62 | 64 | 59 | 46 | 53 | 60 | |||||
Liabilities Current | 84 | 73 | 86 | 88 | 107 | 111 | 122 | 118 | 108 | 94 | 99 | 110 | |||||
Other Liabilities Noncurrent | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | |||||
Operating Lease Liability Noncurrent | 0 | 1 | 2 | 3 | 4 | 5 | 5 | 6 | 7 | 8 | 9 | 10 | |||||
Contract With Customer Liability Noncurrent | 1 | 1 | 3 | 2 | 2 | 3 | 4 | 4 | 8 | 6 | 6 | 7 | |||||
Liabilities | 86 | 76 | 92 | 94 | 114 | 120 | 133 | 130 | 125 | 110 | 115 | 128 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 3 | 3 | |||||
Additional Paid In Capital | 2,312 | 2,309 | 2,305 | 2,300 | 2,295 | 2,286 | 2,276 | 2,265 | 2,252 | 2,238 | 2,222 | 2,204 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -12 | -12 | -13 | -14 | -16 | -16 | -16 | -21 | -16 | -16 | -14 | -9 | |||||
Retained Earnings Accumulated Deficit | -2,073 | -2,062 | -2,037 | -2,004 | -1,985 | -1,966 | -1,923 | -1,880 | -1,830 | -1,758 | -1,709 | -1,573 | |||||
Stockholders Equity | 227 | 248 | 267 | 295 | 306 | 316 | 337 | 378 | 423 | 464 | 502 | 644 | |||||
Minority Interest | 13 | 12 | 12 | 12 | 12 | 11 | 13 | 14 | 15 | 16 | 17 | 18 | |||||
Liabilities And Stockholders Equity | 326 | 324 | 359 | 389 | 419 | 436 | 483 | 508 | 548 | 590 | 635 | 772 | |||||
Allowance For Doubtful Accounts Receivable Current | 11 | 9 | 7 | 8 | 7 | 7 | 1 | 1 | 3 | 2 | 2 | 2 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | |||||
Common Stock Shares Issued | 17 | 16 | 16 | 16 | 16 | 16 | 15 | 15 | 296 | 288 | 287 | 284 | |||||
Shares Outstanding | 17 | 16 | 16 | 16 | 16 | 16 | 15 | 15 | 15 | 14 | 14 | 14 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 54.56% | 44.50% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 19.87% | 9.05% | 30.37% | -18.63% | -26.89% | -34.32% | -16.24% | -9.90% | -3.56% | 26.10% | 27.02% | 41.34% |
| 2024 | -18.64% | -30.32% | -26.84% | 12.61% | 24.84% | 29.09% | -16.06% | -18.45% | -1.04% | -32.55% | -46.64% | -40.00% |
| 2023 | - | - | - | -40.09% | -46.40% | -50.90% | 1.69% | 26.27% | -7.63% | -21.37% | -45.04% | -56.49% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.09 | 3.37 | 3.14 | 3.29 | 2.92 | 2.85 | 2.92 | 3.21 | 3.82 | 4.79 | 4.95 | 4.86 | |||||
| Quick Ratio | 2.86 | 3.21 | 3.00 | 3.13 | 2.78 | 2.72 | 2.75 | 3.01 | 3.61 | 4.57 | 4.73 | 4.61 | |||||
| Working Capital | 175.28M | 173.47M | 184.68M | 201.74M | 204.77M | 205.73M | 234.70M | 260.27M | 305.77M | 355.79M | 390.16M | 425.19M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.38 | 0.31 | 0.34 | 0.32 | 0.37 | 0.38 | 0.39 | 0.34 | 0.30 | 0.23 | 0.23 | 0.20 | |||||
| Debt Ratio | 0.26 | 0.23 | 0.26 | 0.24 | 0.27 | 0.27 | 0.28 | 0.26 | 0.23 | 0.19 | 0.18 | 0.17 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.49 | 0.66 | -0.12 | 0.02 | 0.02 | 0.01 | 0.57 | 0.40 | 0.45 | 0.29 | -0.14 | -0.06 | |||||
| Days Sales Outstanding TTM | 128.69 | 88.99 | -530.57 | 2,257.40 | 2,660.38 | 7,267.19 | 78.54 | 88.76 | 78.49 | 79.27 | -130.85 | -279.52 | |||||
| Receivables Turnover TTM | 2.84 | 4.10 | -0.69 | 0.16 | 0.14 | 0.05 | 4.65 | 4.11 | 4.65 | 4.60 | -2.79 | -1.31 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -5.30 | -5.96 | -7.26 | -8.11 | -10.16 | -14.18 | -14.09 | -20.58 | -23.90 | -47.50 | -48.28 | -44.05 | |||||
| Free Cash Flow Per Share TTM | -2.52 | -4.11 | -3.83 | -4.76 | -5.92 | -8.50 | -10.29 | -10.85 | -12.28 | -10.45 | -10.01 | -11.02 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 38.92% | 53.29% | 353.12% | -1,213.63% | -1,292.07% | -4,810.33% | 47.58% | 34.47% | 47.51% | 36.58% | 226.50% | 370.13% | |||||
| Operating Profit Margin TTM | -50.41% | -42.22% | 246.64% | -1,344.49% | -1,650.56% | -6,873.11% | -73.34% | -128.04% | -116.46% | -267.19% | 542.94% | 1,033.08% | |||||
| Net Profit Margin TTM | -48.00% | -38.38% | 236.37% | -1,229.35% | -1,520.02% | -6,718.42% | -67.49% | -119.63% | -109.82% | -260.63% | 535.32% | 1,026.63% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 1,647.54% | 7,777.57% | -115.77% | -95.91% | -96.70% | -98.78% | -345.06% | -521.20% | -641.02% | 5,600.86% | -147.63% | -123.04% | |||||
| Net Income Growth (1Y) | -44.81% | -54.99% | -44.78% | -57.92% | -54.34% | -68.51% | -69.10% | -50.92% | -41.93% | 148.16% | 168.50% | 161.62% | |||||
| EPS Growth (1Y) | -47.86% | -57.93% | -48.45% | -60.61% | -57.49% | -70.16% | -70.82% | -53.27% | -44.28% | 139.43% | 160.51% | 152.44% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -0.99 | -0.82 | -0.85 | -1.10 | -0.78 | -0.51 | -0.67 | -0.32 | -0.68 | -0.63 | -0.48 | -0.95 | |||||
| P/B | 0.38 | 0.32 | 0.37 | 0.48 | 0.40 | 0.34 | 0.43 | 0.26 | 0.56 | 0.88 | 0.67 | 0.92 | |||||
| P/S TTM | 0.48 | 0.32 | -2.00 | 13.48 | 11.79 | 34.36 | 0.45 | 0.38 | 0.75 | 1.63 | -2.59 | -9.79 | |||||
| Market Cap | 87.26M | 78.79M | 99.72M | 141.29M | 123.50M | 108.75M | 143.48M | 96.69M | 236.67M | 423.53M | 334.50M | 594.84M | |||||
| Enterprise Value | -92.74M | -103.54M | -101.96M | -78.58M | -99.71M | -120.36M | -101.96M | -181.01M | -72.73M | 50.70M | 14.33M | 432.69M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -41.85M | -65.97M | -62.05M | -75.65M | -92.74M | -127.46M | -155.69M | -161.37M | -179.20M | -148.54M | -143.10M | -156.08M | |||||
| Net Debt | -180.00M | -182.33M | -201.68M | -219.87M | -223.21M | -229.11M | -245.44M | -277.70M | -309.39M | -372.83M | -320.17M | -162.15M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
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| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
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| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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