American Well Corp (AMWL) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
75 STATE STREET BOSTON, MA 02109 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 228,316 | 372,038 | 538,546 | 746,416 | 1,041,579 | |||
| Cash and cash equivalent | 228,316 | 372,038 | 538,546 | 746,416 | 941,616 | |||
| Short-term investments | 99,963 | |||||||
| Restricted cash and investments | 1,095 | |||||||
| Receivables | 71,885 | 54,146 | 60,969 | 53,429 | 57,349 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,858 | 6,652 | 8,737 | 7,530 | 9,128 | |||
| Inventory | 2,858 | 6,652 | 8,737 | 7,530 | 9,128 | |||
| Deferred costs | 2,513 | 2,262 | 1,394 | 1,697 | 2,134 | |||
| Other undisclosed current assets | 11,421 | 14,484 | 16,970 | 18,224 | 2,002 | |||
| Total current assets: | 316,993 | 449,582 | 626,616 | 827,296 | 1,113,287 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 7,203 | 10,453 | 13,509 | 16,422 | 6,609 | |||
| Property, plant and equipment | 376 | 572 | 1,012 | 2,235 | 3,836 | |||
| Long-term investments and receivables | 1,500 | 1,180 | 168 | 752 | ||||
| Long-term investments | 1,500 | 1,180 | 168 | 752 | ||||
| Intangible assets, net (including goodwill) | 101,538 | 120,248 | 570,259 | 595,170 | 249,405 | |||
| Goodwill | 435,279 | 442,761 | 193,877 | |||||
| Intangible assets, net (excluding goodwill) | 101,538 | 120,248 | 134,980 | 152,409 | 55,528 | |||
| Restricted cash and investments | 795 | 795 | 795 | 795 | ||||
| Deferred costs | 5,350 | 4,792 | 3,394 | 2,028 | 1,327 | |||
| Other noncurrent assets | 2,213 | 2,083 | 1,972 | 1,722 | 1,430 | |||
| Total noncurrent assets: | 118,975 | 140,123 | 590,941 | 618,540 | 263,359 | |||
| TOTAL ASSETS: | 435,968 | 589,705 | 1,217,557 | 1,445,836 | 1,376,646 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 54,341 | 43,852 | 61,494 | 70,867 | 47,932 | |||
| Accounts payable | 5,015 | 4,864 | 7,236 | 12,156 | 5,797 | |||
| Accrued liabilities | 49,326 | 38,988 | 54,258 | 58,711 | 42,135 | |||
| Deferred revenue | 53,232 | 46,365 | 49,505 | 68,841 | 66,693 | |||
| Other undisclosed current liabilities | 3,690 | 3,580 | 3,057 | 1,918 | 6,357 | |||
| Total current liabilities: | 111,263 | 93,797 | 114,056 | 141,626 | 120,982 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation: | 14,694 | 1,296 | ||||||
| Liabilities, other than long-term debt | 8,461 | 15,722 | 19,650 | 28,641 | 8,171 | |||
| Deferred revenue | 2,780 | 6,091 | 6,289 | 7,055 | 8,107 | |||
| Other liabilities | 1,170 | 1,425 | 1,574 | 5,136 | 64 | |||
| Operating lease, liability | 4,511 | 8,206 | 11,787 | 14,694 | 1,296 | |||
| Business combination, contingent consideration, liability | 16,450 | |||||||
| Total noncurrent liabilities: | 8,461 | 15,722 | 19,650 | 43,335 | 9,467 | |||
| Total liabilities: | 119,724 | 109,519 | 133,706 | 184,961 | 130,449 | |||
| Equity | ||||||||
| Equity, attributable to parent | 304,772 | 464,219 | 1,063,877 | 1,239,258 | 1,224,132 | |||
| Common stock | 156 | 2,879 | 2,766 | 2,620 | 2,357 | |||
| Treasury stock, value | (37,568) | |||||||
| Additional paid in capital | 2,286,380 | 2,234,768 | 2,160,108 | 2,054,275 | 1,841,405 | |||
| Accumulated other comprehensive income (loss) | (15,840) | (15,650) | (16,969) | (6,353) | 297 | |||
| Accumulated deficit | (1,965,924) | (1,757,778) | (1,082,028) | (811,284) | (582,359) | |||
| Equity, attributable to noncontrolling interest | 11,472 | 15,967 | 19,974 | 21,617 | 22,065 | |||
| Total equity: | 316,244 | 480,186 | 1,083,851 | 1,260,875 | 1,246,197 | |||
| TOTAL LIABILITIES AND EQUITY: | 435,968 | 589,705 | 1,217,557 | 1,445,836 | 1,376,646 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 254,364 | 259,047 | 277,190 | 252,789 | 245,265 | ||
| Revenue from related parties | ✕ | ✕ | ✕ | 4,544 | 12,045 | 60,839 | |
| Cost of revenue (Cost of Product and Service Sold) | (155,412) | (164,287) | (160,422) | (148,474) | (156,790) | ||
| Gross profit: | 98,952 | 94,760 | 116,768 | 104,315 | 88,475 | ||
| Operating expenses | (471,898) | (951,190) | (553,043) | (431,935) | (472,696) | ||
| Other undisclosed operating income (loss) | 155,412 | 164,287 | 160,422 | 148,474 | 156,790 | ||
| Operating loss: | (217,534) | (692,143) | (275,853) | (179,146) | (227,431) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 10,757 | 19,422 | 1,632 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (206,777) | (672,721) | (275,853) | (179,146) | (225,799) | ||
| Loss from equity method investments | (3,110) | (2,590) | (2,188) | ||||
| Other undisclosed income from continuing operations before income taxes | 6,123 | 120 | |||||
| Loss from continuing operations before income taxes: | (209,887) | (675,311) | (269,730) | (179,026) | (227,987) | ||
| Income tax expense (benefit) | (2,751) | (3,860) | (64) | 5,376 | (639) | ||
| Other undisclosed income from continuing operations | 232,820 | ||||||
| Income (loss) from continuing operations: | (212,638) | (679,171) | (269,794) | (173,650) | 4,194 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (173,650) | 4,194 | |
| Other undisclosed net loss | (2,278) | (3,132) | (232,820) | ||||
| Net loss: | (212,638) | (679,171) | (272,072) | (176,782) | (228,626) | ||
| Net income attributable to noncontrolling interest | 4,495 | 4,007 | 1,643 | 448 | 4,194 | ||
| Net loss available to common stockholders, diluted: | (208,143) | (675,164) | (270,429) | (176,334) | (224,432) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (212,638) | (679,171) | (272,072) | (176,782) | (228,626) | ||
| Other undisclosed comprehensive income (loss) | (190) | 1,319 | |||||
| Comprehensive loss: | (212,828) | (677,852) | (272,072) | (176,782) | (228,626) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 4,495 | 4,007 | 1,643 | 448 | 4,194 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (12,259) | (7,098) | (4,147) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (208,333) | (673,845) | (282,688) | (183,432) | (228,579) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.