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

American Well has reported Operating Expenses for 8 years, with the latest figure at $72.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 25.64% year-over-year to $72.3 million; the trailing twelve-month figure through Mar 2026 stood at $329.7 million (down 24.14% YoY), and the FY2025 full-year result was $354.6 million, down 24.86% from the prior year.
• Operating Expenses for Q1 2026 stood at $72.3 million, down from $80.5 million in the prior quarter.
• The five-year high for Operating Expenses was $461.3 million in Q1 2023, with the low at $72.3 million in Q1 2026.
• Average Operating Expenses over 5 years is $141.4 million, with a median of $127.6 million recorded in 2023.
• Year-over-year, Operating Expenses surged 242.45% in 2023 and slumped 70.83% in 2024.
• Tracing AMWL's Operating Expenses over 5 years: 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 dropped by 10.13% to $72.3 million in 2026.
• The last three Operating Expenses figures came in at $72.3 million (Q1 2026), $80.5 million (Q4 2025), and $85.6 million (Q3 2025), per Business Quant data.

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