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

American Well has reported Operating Expenses for 8 years, with the latest figure at $61.6 million in Q2 2026.

• On a quarterly basis, Operating Expenses fell 32.51% year-over-year to $61.6 million in Q2 2026; TTM through Jun 2026 was $300.0 million, a 26.96% decrease from a year earlier, with the FY2025 full-year figure at $354.6 million, down 24.86% from the prior year.
• Operating Expenses was $61.6 million for Q2 2026 at American Well, down from $72.3 million in the prior quarter.
• The five-year high for Operating Expenses was $461.3 million in Q1 2023, with the low at $61.6 million in Q2 2026.
• Average Operating Expenses over 5 years is $136.9 million, with a median of $121.4 million recorded in 2023.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 242.45% in 2023, then sank 70.83% in 2024.
• Over 5 years, Operating Expenses stood at $144.1 million in 2022, then decreased by 11.41% to $127.6 million in 2023, then slipped by 10.87% to $113.8 million in 2024, then dropped by 29.27% to $80.5 million in 2025, then decreased by 23.44% to $61.6 million in 2026.
• The last three Operating Expenses figures came in at $61.6 million (Q2 2026), $72.3 million (Q1 2026), and $80.5 million (Q4 2025), per Business Quant data.