Growth Metrics

American Well (AMWL) EBITDA (2019 - 2025)

American Well has reported EBITDA over the past 7 years, most recently at -$25.2 million for Q4 2025.

  • Quarterly results put EBITDA at -$25.2 million for Q4 2025, up 41.17% from a year ago — trailing twelve months through Dec 2025 was -$105.3 million (up 51.61% YoY), and the annual figure for FY2025 was -$105.3 million, up 51.61%.
  • EBITDA for Q4 2025 was -$25.2 million at American Well, up from -$29.3 million in the prior quarter.
  • Over the last five years, EBITDA for AMWL hit a ceiling of -$20.4 million in Q2 2025 and a floor of -$397.3 million in Q1 2023.
  • Median EBITDA over the past 5 years was -$52.8 million (2021), compared with a mean of -$74.9 million.
  • Biggest five-year swings in EBITDA: crashed 433.64% in 2023 and later skyrocketed 81.12% in 2024.
  • American Well's EBITDA stood at -$52.0 million in 2021, then dropped by 24.64% to -$64.8 million in 2022, then increased by 12.16% to -$57.0 million in 2023, then grew by 24.93% to -$42.8 million in 2024, then skyrocketed by 41.17% to -$25.2 million in 2025.
  • The last three reported values for EBITDA were -$25.2 million (Q4 2025), -$29.3 million (Q3 2025), and -$20.4 million (Q2 2025) per Business Quant data.