8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $249M | -$96M | 0.0% | -42.2% | -$66M | — | $182M |
| 2024 | $254M | -$208M | 0.0% | -85.5% | -$127M | — | $228M |
| 2023 | $259M | -$675M | 0.0% | -267.2% | -$149M | — | $372M |
| 2022 | $277M | -$270M | 0.0% | -99.5% | -$193M | — | $539M |
| 2021 | $253M | -$176M | 0.0% | -70.9% | -$142M | — | $746M |
| 2020 | $245M | -$224M | 0.0% | -92.7% | -$116M | — | $942M |
| 2019 | $149M | -$87M | 0.0% | -63.6% | -$83M | — | $138M |
| 2018 | $114M | -$53M | 0.0% | -48.4% | -$76M | — | $48M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $55M | -$11M | 0.0% | -31.7% | -$988000 | — | $179M |
| Dec '25 | $55M | -$25M | 0.0% | -45.5% | -$17M | — | $182M |
| Sep '25 | $56M | -$32M | 0.0% | -52.1% | -$19M | — | $201M |
| Jun '25 | $71M | -$20M | 0.0% | -28.7% | -$5M | — | $219M |
| Mar '25 | $67M | -$19M | 0.0% | -45.5% | -$25M | — | $222M |
| Dec '24 | $71M | -$43M | 0.0% | -60.2% | -$13M | — | $228M |
| Sep '24 | $61M | -$43M | 0.0% | -77.6% | -$32M | — | $245M |
| Jun '24 | $63M | -$50M | 0.0% | -83.4% | -$22M | — | $277M |
| Mar '24 | $60M | -$72M | 0.0% | -126.1% | -$60M | — | $309M |
| Dec '23 | $71M | -$49M | 0.0% | -80.6% | -$42M | — | $372M |
| Sep '23 | $62M | -$136M | 0.0% | -231.5% | -$38M | — | $319M |
| Jun '23 | $62M | -$92M | 0.0% | -151.3% | -$40M | — | $161M |
| Mar '23 | $64M | -$398M | 0.0% | -620.8% | -$29M | — | $113M |
| Dec '22 | $79M | -$61M | 0.0% | -81.8% | -$36M | — | $539M |
| Sep '22 | $69M | -$70M | 0.0% | -102.8% | -$51M | — | $333M |
| Jun '22 | $65M | -$69M | 0.0% | -107.6% | -$43M | — | $257M |
| Mar '22 | $64M | -$70M | 0.0% | -109.7% | -$62M | — | $177M |
| Dec '21 | $73M | -$48M | 0.0% | -65.2% | -$45M | — | $746M |
| Sep '21 | $62M | -$51M | 0.0% | -89.1% | -$29M | — | $790M |
| Jun '21 | $60M | -$38M | 0.0% | -62.3% | -$26M | — | $975M |
How the market has priced AMWL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, American Well Corp's revenue has grown 0.3% per year. These are computed facts, not advice.
As of FY2025, American Well Corp reported — of total debt against $182M of cash.
In FY2025, gross margin was —, operating margin -42.2%, and net margin -38.4%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.