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Stocks · Industrials · Services-Business Services, NEC

American Well Corp

AMWL Clue Score33
United States Fiscal year ends December CIK 0001393584
$12.70 +1.36% Close, 9 Oct 2026
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Price $12.70 +54.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 Sep 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue114.0Operating income−55.1Net income−52.7Fiscal year 2019Revenue148.9 +30.6%Operating income−94.7Net income−87.2Fiscal year 2020Revenue245.3 +64.8%Operating income−227.4Net income−224.4EPS, diluted−2.27Fiscal year 2021Revenue252.8 +3.1%Operating income−179.1Net income−176.3EPS, diluted−0.69Fiscal year 2022Revenue277.2 +9.7%Operating income−275.9Net income−270.4EPS, diluted−19.72Fiscal year 2023Revenue259.0 −6.5%Operating income−692.1Net income−675.2EPS, diluted−47.50Fiscal year 2024Revenue254.4 −1.8%Operating income−217.5Net income−208.1EPS, diluted−13.88Fiscal year 2025Revenue249.3 −2.0%Operating income−105.3Net income−95.7EPS, diluted−5.96
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 114.0 148.9 245.3 252.8 277.2 259.0 254.4 249.3
Growth +30.6% +64.8% +3.1% +9.7% −6.5% −1.8% −2.0%
Operating income −55.1 −94.7 −227.4 −179.1 −275.9 −692.1 −217.5 −105.3
Net income −52.7 −87.2 −224.4 −176.3 −270.4 −675.2 −208.1 −95.7
Growth
EPS, diluted n/a n/a −2.27 −0.69 −19.72 −47.50 −13.88 −5.96

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2018Operating margin−48.4%Net margin−46.2%Free cash flow margin−66.6%Fiscal year 2019Operating margin−63.6%Net margin−58.6%Free cash flow margin−55.9%Fiscal year 2020Operating margin−92.7%Net margin−91.5%Free cash flow margin−47.2%Fiscal year 2021Operating margin−70.9%Net margin−69.8%Free cash flow margin−56.2%Fiscal year 2022Operating margin−99.5%Net margin−97.6%Free cash flow margin−69.5%Fiscal year 2023Operating margin−267.2%Net margin−260.6%Free cash flow margin−57.3%Fiscal year 2024Operating margin−85.5%Net margin−81.8%Free cash flow margin−50.1%Fiscal year 2025Operating margin−42.2%Net margin−38.4%Free cash flow margin−26.5%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −48.4% −63.6% −92.7% −70.9% −99.5% −267.2% −85.5% −42.2%
Net margin −46.2% −58.6% −91.5% −69.8% −97.6% −260.6% −81.8% −38.4%
Free cash flow margin −66.6% −55.9% −47.2% −56.2% −69.5% −57.3% −50.1% −26.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−74.0Capital expenditure−1.9Free cash flow−75.9Fiscal year 2019Operating cash flow−81.9Capital expenditure−1.3Free cash flow−83.2Fiscal year 2020Operating cash flow−112.5Capital expenditure−3.3Free cash flow−115.8Fiscal year 2021Operating cash flow−141.5Capital expenditure−0.6Free cash flow−142.1Fiscal year 2022Operating cash flow−192.3Capital expenditure−0.3Free cash flow−192.6Fiscal year 2023Operating cash flow−148.3Capital expenditure−0.2Free cash flow−148.5Fiscal year 2024Operating cash flow−127.3Capital expenditure−0.1Free cash flow−127.5Fiscal year 2025Operating cash flow−66.0Capital expenditure−0.0Free cash flow−66.0
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −74.0 −81.9 −112.5 −141.5 −192.3 −148.3 −127.3 −66.0
Capital expenditure −1.9 −1.3 −3.3 −0.6 −0.3 −0.2 −0.1 −0.0
Free cash flow −75.9 −83.2 −115.8 −142.1 −192.6 −148.5 −127.5 −66.0
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2018Cash48.0Shareholders’ equity−204.4Fiscal year 2019Cash137.7Shareholders’ equity−307.1Fiscal year 2020Cash941.6Shareholders’ equity1,224.1Fiscal year 2021Cash746.4Shareholders’ equity1,239.3Fiscal year 2022Cash538.5Shareholders’ equity1,063.9Fiscal year 2023Cash372.0Shareholders’ equity464.2Fiscal year 2024Cash228.3Shareholders’ equity304.8Fiscal year 2025Cash182.3Shareholders’ equity235.6
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 48.0 137.7 941.6 746.4 538.5 372.0 228.3 182.3
Shareholders’ equity −204.4 −307.1 1,224.1 1,239.3 1,063.9 464.2 304.8 235.6

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
114.0 148.9 245.3 252.8 277.2 259.0 254.4 249.3
Growth +30.6% +64.8% +3.1% +9.7% −6.5% −1.8% −2.0%
36.3 53.9 84.4 106.6 138.5 105.8 86.1 72.9
37.2 54.2 166.2 94.6 146.4 126.6 121.2 88.0
−55.1 −94.7 −227.4 −179.1 −275.9 −692.1 −217.5 −105.3
Growth
−52.3 −89.2 −225.8 −179.0 −269.7 −675.3 −209.9 −94.5
0.0 −0.8 0.6 −5.4 0.1 3.9 2.8 0.4
−52.7 −87.2 −224.4 −176.3 −270.4 −675.2 −208.1 −95.7
Growth
Per share
n/a n/a −2.27 −0.69 −19.72 −47.50 −13.88 −5.96
n/a n/a −2.27 −0.69 −19.72 −47.50 −13.88 −5.96
Growth
n/a n/a 99.0 254.1 13.7 14.2 15.0 16.0
n/a n/a 99.0 254.1 13.7 14.2 15.0 16.0
Growth +156.5% −94.6% +3.6% +5.5% +7.0%

† The diluted share count jumps at 2021 and 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 0.3% a year over five years.
  • Operating margin is up 50.5 points on five years ago, at -42.2%.
  • A net loss in 8 of 8 years on file.