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Companies / Health Care / American Well Corp
AMWL

American Well Corp

Health CareBusiness Services
Ticker AMWLBoston, MAFiscal year ends DecemberBook value per share $12.60Diluted shares 16.8M

Amwell (NYSE: AMWL) is an enterprise platform and software company that enables hybrid healthcare delivery across in-person, virtual and automated care. Its cloud-based Amwell Platform provides software and services for health systems, health plans, employers and government entities, including virtual urgent and… From the company’s description.

Over the twelve months to Sep 30, 2026, American Well Corp reported revenue of $211.23M, down 20.3% from a year earlier, and a net loss of $56.05M. Its operating margin was −30.2%, and operations used $19.29M in cash. In fiscal 2025, it reported revenue of $249.32M, down 2.0% from fiscal 2024, and a net loss of $94.97M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$249.32MFY2025
−2.0% year over year
Last 12 mo $211.23M
-42.22%FY2025
+43.3 percentage points
Last 12 mo -30.20%
$-94.97MFY2025
+55.3% year over year
Last 12 mo $-56.05M
-40.62%FY2025
+27.7 percentage points
Last 12 mo -26.97%
Cash & financing
$-65.95MFY2025
+48.2% year over year
Last 12 mo $-19.29M
$-65.97MFY2025
+53.7% year over year
Last 12 mo $-27.92M
—
16.0MFY2025
+7.0% year over year
Last 12 mo 16.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What American Well Corp does

In the company’s own words

Amwell (NYSE: AMWL) is an enterprise platform and software company that enables hybrid healthcare delivery across in-person, virtual and automated care. Its cloud-based Amwell Platform provides software and services for health systems, health plans, employers and government entities, including virtual urgent and primary care, behavioral health, specialty and chronic care, provider-to-provider consultations, virtual nursing and automated care programs. The platform integrates with clients’ existing systems and can be offered under their own brands; revenue-generating offerings include recurring platform subscriptions, configurable modules, Carepoint devices and services, and clinical services. Amwell Medical Group supplements clients’ clinical capacity through a nationwide provider network, while SilverCloud by Amwell provides digital behavioral health services. Founded in 2006, the company serves approximately 50 health plans representing more than 90 million covered lives and approximately 80 large health systems. Its platform supported more than 4.5 million virtual care visits for clients in 2025.

Company details
Sector
Health Care
Industry (SIC)
Business Services
Headquarters
Boston, MA
Fiscal year end
December
CIK
1393584
SIC
7389

Financial performance, year by year

Fiscal 2020–2025 · USD
$-774.81M$-487.90M$-200.99M$85.92M$372.83M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns American Well Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

29
funds hold it
0 of 35
superinvestors hold it
$8.66M
held by funds, at market
5.6%
of shares held by funds

Largest fund holders · American Well Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.03%of fund net assets
Ultra-Small Company Fund
BRUSX · Bridgeway Funds, Inc.
0.40%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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