American Well (AMWL) EBITDA (2019 - 2026)
American Well (AMWL) posted EBITDA of -$9.6 million for Q2 2026, up 45.16% on a QoQ basis from -$17.4 million in Q1 2026, and up 53.11% year-over-year from -$6.2 million in Q2 2025.
Analysis
American Well (AMWL) EBITDA (2019 - 2026) Analysis & Trends
American Well has reported EBITDA for 8 years, with the latest figure at -$9.6 million in Q2 2026.
- On a quarterly basis, EBITDA rose 53.11% year-over-year to -$9.6 million in Q2 2026; TTM through Jun 2026 was -$81.5 million, a 42.19% increase from a year earlier, with the FY2025 full-year figure at -$105.3 million, up 51.61% from the prior year.
- EBITDA was -$9.6 million for Q2 2026 at American Well, up from -$17.4 million in the prior quarter.
- The five-year high for EBITDA was -$9.6 million in Q2 2026, with the low at -$397.3 million in Q1 2023.
- Average EBITDA over 5 years is -$73.2 million, with a median of -$54.7 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: EBITDA plunged 463.72% in 2023, then soared 81.12% in 2024.
- Over 5 years, EBITDA stood at -$64.8 million in 2022, then advanced by 12.16% to -$57.0 million in 2023, then grew by 24.93% to -$42.8 million in 2024, then jumped by 41.17% to -$25.2 million in 2025, then surged by 62.01% to -$9.6 million in 2026.
- The last three EBITDA figures came in at -$9.6 million (Q2 2026), -$17.4 million (Q1 2026), and -$25.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 275.02 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 83.04 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 33.64 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 61.53 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 18.07 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | -41.55 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | -196,000.00 |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 23.63 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 8.32 Mn |
| 10 | American Well | 219.35 Mn | 35.70 Mn | 27.56 Mn | -9.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -9.56 Mn |
| Mar 31, 2026 | -17.42 Mn |
| Dec 31, 2025 | -25.15 Mn |
| Sep 30, 2025 | -29.33 Mn |
| Jun 30, 2025 | -20.38 Mn |
| Mar 31, 2025 | -30.41 Mn |
| Dec 31, 2024 | -42.76 Mn |
| Sep 30, 2024 | -47.37 Mn |
| Jun 30, 2024 | -52.38 Mn |
| Mar 31, 2024 | -75.03 Mn |
| Dec 31, 2023 | -56.96 Mn |
| Sep 30, 2023 | -143.36 Mn |
| Jun 30, 2023 | -94.51 Mn |
| Mar 31, 2023 | -397.32 Mn |
| Dec 31, 2022 | -64.84 Mn |
| Sep 30, 2022 | -71.12 Mn |
| Jun 30, 2022 | -69.40 Mn |
| Mar 31, 2022 | -70.48 Mn |
| Dec 31, 2021 | -47.42 Mn |
| Sep 30, 2021 | -55.45 Mn |