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American Well (AMWL) Operating Expenses (2019 - 2025)

American Well has reported Operating Expenses over the past 7 years, most recently at $80.5 million for Q4 2025.

  • Quarterly results put Operating Expenses at $80.5 million for Q4 2025, down 29.27% from a year ago — trailing twelve months through Dec 2025 was $354.6 million (down 24.86% YoY), and the annual figure for FY2025 was $354.6 million, down 24.86%.
  • Operating Expenses for Q4 2025 was $80.5 million at American Well, down from $85.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for AMWL hit a ceiling of $461.3 million in Q1 2023 and a floor of $80.5 million in Q4 2025.
  • Median Operating Expenses over the past 5 years was $118.9 million (2021), compared with a mean of $138.1 million.
  • Biggest five-year swings in Operating Expenses: surged 242.45% in 2023 and later plummeted 70.83% in 2024.
  • American Well's Operating Expenses stood at $120.2 million in 2021, then grew by 19.89% to $144.1 million in 2022, then decreased by 11.41% to $127.6 million in 2023, then fell by 10.87% to $113.8 million in 2024, then dropped by 29.27% to $80.5 million in 2025.
  • The last three reported values for Operating Expenses were $80.5 million (Q4 2025), $85.6 million (Q3 2025), and $91.3 million (Q2 2025) per Business Quant data.