American Well (AMWL) Operating Expenses (2019 - 2026)

American Well's Operating Expenses history runs 8 years deep, the most recent figure standing at $72.3 million for Q1 2026.

• On a quarterly basis, Operating Expenses fell 25.64% year-over-year to $72.3 million in Q1 2026; TTM through Mar 2026 was $329.7 million, a 24.14% decrease from a year earlier, with the FY2025 full-year figure at $354.6 million, down 24.86% from the prior year.
• Operating Expenses fell to $72.3 million in Q1 2026 per AMWL's latest filing, from $80.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $461.3 million in Q1 2023 and bottomed at $72.3 million in Q1 2026.
• The 5-year median for Operating Expenses is $127.6 million (2023), against an average of $141.4 million.
• Across the five-year window, Operating Expenses surged 242.45% in 2023 and slumped 70.83% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $144.1 million in 2022, then retreated by 11.41% to $127.6 million in 2023, then decreased by 10.87% to $113.8 million in 2024, then slipped by 29.27% to $80.5 million in 2025, then slipped by 10.13% to $72.3 million in 2026.
• Per Business Quant, the three latest AMWL Operating Expenses figures stand at $72.3 million (Q1 2026), $80.5 million (Q4 2025), and $85.6 million (Q3 2025).