American Well (AMWL) Net Cash Flow (2019 - 2026)
American Well's (AMWL) quarterly Net Cash Flow came in at -$3.5 million in Q1 2026, up 33.01% year-on-year from -$2.6 million in Q1 2025, and up 82.36% quarter-over-quarter from -$19.6 million in Q4 2025.
American Well (AMWL) Net Cash Flow (2019 - 2026) Analysis & Trends
American Well's Net Cash Flow history runs 8 years deep, the most recent figure standing at -$3.5 million for Q1 2026.
- On a quarterly basis, Net Cash Flow rose 33.01% year-over-year to -$3.5 million in Q1 2026; TTM through Mar 2026 was -$46.3 million, a 46.4% increase from a year earlier, with the FY2025 full-year figure at -$48.0 million, up 66.8% from the prior year.
- Net Cash Flow grew to -$3.5 million in Q1 2026 per AMWL's latest filing, from -$19.6 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $204.2 million in Q4 2022 and bottomed at -$569.2 million in Q1 2022.
- The 5-year median for Net Cash Flow is -$5.2 million (2025), against an average of -$33.5 million.
- Biggest YoY gain for Net Cash Flow was 563.56% in 2022; the steepest drop was 1150.13% in 2022.
- Year by year, Net Cash Flow stood at $204.2 million in 2022, then sank by 74.16% to $52.8 million in 2023, then sank by 133.3% to -$17.6 million in 2024, then dropped by 11.81% to -$19.6 million in 2025, then jumped by 82.36% to -$3.5 million in 2026.
- Per Business Quant, the three latest AMWL Net Cash Flow figures stand at -$3.5 million (Q1 2026), -$19.6 million (Q4 2025), and -$18.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 475.88 Mn |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 800.32 Mn |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | -53.56 Mn |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | -21.68 Mn |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | 16.39 Mn |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | 286.00 Mn |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | -14.11 Mn |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 154.34 Mn |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | -60.16 Mn |
| 10 | American Well | 182.65 Mn | 2.65 Mn | 27.96 Mn | -3.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.47 Mn |
| Mar 31, 2026 | -3.47 Mn |
| Dec 31, 2025 | -19.64 Mn |
| Dec 31, 2025 | -19.64 Mn |
| Sep 30, 2025 | -18.47 Mn |
| Sep 30, 2025 | -18.47 Mn |
| Jun 30, 2025 | -4.73 Mn |
| Jun 30, 2025 | -4.73 Mn |
| Mar 31, 2025 | -5.17 Mn |
| Mar 31, 2025 | -5.17 Mn |
| Dec 31, 2024 | -17.57 Mn |
| Dec 31, 2024 | -17.57 Mn |
| Sep 30, 2024 | -36.66 Mn |
| Sep 30, 2024 | -36.66 Mn |
| Jun 30, 2024 | -26.97 Mn |
| Jun 30, 2024 | -26.97 Mn |
| Mar 31, 2024 | -63.41 Mn |
| Mar 31, 2024 | -63.41 Mn |
| Dec 31, 2023 | 52.76 Mn |
| Dec 31, 2023 | 52.76 Mn |