American Well Corporation (AMWL) — Financial statements
Income statement, balance sheet, and cash flow for American Well Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 249↓2.0% | 254↓1.8% | 259↓6.5% | 277↑9.7% | 253 | |
| Cost of Revenue | 116↓25.1% | 155↓5.4% | 164↑2.4% | 160↑8.0% | 148 | |
| Gross Profit | 133↑34.3% | 99↑4.4% | 95↓18.8% | 117↑11.9% | 104 | |
| Operating Expenses | ||||||
| R&D Expenses | 73↓15.3% | 86↓18.7% | 106↓23.6% | 138↑29.9% | 107 | |
| General & Administrative Expenses | 88↓27.3% | 121↓4.3% | 127↓13.5% | 146↑54.7% | 95 | |
| Selling & Marketing Expenses | 43↓43.3% | 76↓11.8% | 86↑5.9% | 82↑23.4% | 66 | |
| SG&A Expenses | 131↓33.5% | 197↓7.3% | 213↓6.5% | 228↑41.8% | 161 | |
| Other Expenses | 34↑3.0% | 33↓93.0% | 468↑1689.4% | 26↑62.6% | 16 | |
| Operating Expenses | 238↓24.8% | 316↓59.8% | 787↑100.4% | 393↑38.5% | 283 | |
| Total Costs & Expenses | 355↓24.9% | 472↓50.4% | 951↑72.0% | 553↑28.0% | 432 | |
| Operating Results | ||||||
| Operating Income | -105↑51.6% | -218↑68.6% | -692↓150.9% | -276↓54.0% | -179 | |
| Depreciation & Amortization | 34↑3.0% | 33↑4.6% | 32↑20.4% | 26↑62.6% | 16 | |
| EBITDA | -71↑61.4% | -185↑17.7% | -224↑10.2% | -250↓53.1% | -163 | |
| EBIT | -105↑51.6% | -218↑14.9% | -256↑7.3% | -276↓54.0% | -179 | |
| Interest & Other Income | ||||||
| Net Interest Income | 4↓64.6% | 11↓44.6% | 19↑217.2% | 6↑5002.5% | 0.12 | |
| Interest Income | 4↓64.6% | 11↓44.6% | 19↑217.2% | 6↑5002.5% | 0.12 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00↑100.0% | -436 | 0.00 | 0.00 | |
| Other Income / Expenses | 11↑40.5% | 8↓54.6% | 17↑337.8% | 4↑227.7% | -3 | |
| Income Before Tax | -95↑55.0% | -210↑68.9% | -675↓148.3% | -272↓49.3% | -182 | |
| Income Tax Expense | 0.43↓84.2% | 3↓28.7% | 4↑5931.3% | 0.06↑101.2% | -5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -95↑55.3% | -213↑68.7% | -679↓149.6% | -272↓53.9% | -177 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -96↑54.0% | -208↑69.2% | -675↓149.7% | -270↓53.4% | -176 | |
| Bottom-Line Net Income | -96↑54.0% | -208↑69.2% | -675↓149.7% | -270↓53.4% | -176 | |
| EPS (Basic) | -5.96↑57.1% | -13.88↑70.8% | -47.50↓141.4% | -19.68↓41.8% | -13.88 | |
| EPS (Diluted) | -5.96↑57.1% | -13.88↑70.8% | -47.50↓141.4% | -19.68↓41.8% | -13.88 | |
| Weighted Average Shares | 16↑7.0% | 15↑5.5% | 14↑3.6% | 14↑7.9% | 13 | |
| Weighted Average Diluted Shares | 16↑7.0% | 15↑5.5% | 14↑3.6% | 14↑7.9% | 13 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.