American Well (AMWL) Cost of Revenue (2019 - 2026)

American Well's Cost of Revenue history runs 8 years deep, the most recent figure standing at $26.9 million for Q1 2026.

• On a quarterly basis, Cost of Revenue fell 14.74% year-over-year to $26.9 million in Q1 2026; TTM through Mar 2026 was $111.8 million, a 23.33% decrease from a year earlier, with the FY2025 full-year figure at $116.5 million, down 25.06% from the prior year.
• Cost of Revenue was little changed at $26.9 million in Q1 2026 per AMWL's latest filing, from $27.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $46.8 million in Q4 2023 and bottomed at $26.8 million in Q3 2025.
• The 5-year median for Cost of Revenue is $38.2 million (2023), against an average of $36.7 million.
• Across the five-year window, Cost of Revenue gained 17.97% in 2022 and slumped 30.18% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $45.7 million in 2022, then rose by 2.59% to $46.8 million in 2023, then declined by 21.82% to $36.6 million in 2024, then slipped by 26.33% to $27.0 million in 2025, then retreated by 0.19% to $26.9 million in 2026.
• Per Business Quant, the three latest AMWL Cost of Revenue figures stand at $26.9 million (Q1 2026), $27.0 million (Q4 2025), and $26.8 million (Q3 2025).