Growth Metrics

American Well (AMWL) Free Cash Flow (2019 - 2026)

American Well has reported Free Cash Flow over the past 7 years, most recently at -$17.3 million for Q4 2025.

  • For Q4 2025, Free Cash Flow fell 1907.64% year-over-year to -$17.3 million; the TTM value through Dec 2025 reached -$66.0 million, up 48.25%, while the annual FY2025 figure was -$66.0 million, 48.25% up from the prior year.
  • Free Cash Flow for Q4 2025 was -$17.3 million at American Well, up from -$18.8 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at -$864000.0 in Q4 2024 and troughed at -$62.6 million in Q1 2024.
  • A 5-year average of -$35.1 million and a median of -$37.6 million in 2023 define the central range for Free Cash Flow.
  • Biggest five-year swings in Free Cash Flow: surged 98.47% in 2024 and later plummeted 1907.64% in 2025.
  • Year by year, Free Cash Flow stood at -$45.3 million in 2021, then dropped by 1.85% to -$46.1 million in 2022, then decreased by 22.64% to -$56.5 million in 2023, then surged by 98.47% to -$864000.0 in 2024, then plummeted by 1907.64% to -$17.3 million in 2025.
  • Business Quant data shows Free Cash Flow for AMWL at -$17.3 million in Q4 2025, -$18.8 million in Q3 2025, and -$4.7 million in Q2 2025.