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

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

  • For Q4 2025, Operating Expenses fell 29.27% year-over-year to $80.5 million; the TTM value through Dec 2025 reached $354.6 million, down 24.86%, while the annual FY2025 figure was $354.6 million, 24.86% down from the prior year.
  • Operating Expenses for Q4 2025 was $80.5 million at American Well, down from $85.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $461.3 million in Q1 2023 and troughed at $80.5 million in Q4 2025.
  • A 5-year average of $138.1 million and a median of $118.9 million in 2021 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: soared 242.45% in 2023 and later tumbled 70.83% in 2024.
  • Year by year, Operating Expenses stood at $120.2 million in 2021, then increased by 19.89% to $144.1 million in 2022, then fell by 11.41% to $127.6 million in 2023, then dropped by 10.87% to $113.8 million in 2024, then decreased by 29.27% to $80.5 million in 2025.
  • Business Quant data shows Operating Expenses for AMWL at $80.5 million in Q4 2025, $85.6 million in Q3 2025, and $91.3 million in Q2 2025.