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

American Well (AMWL) has 7 years of Operating Expenses data on record, last reported at $80.5 million in 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 reached $80.5 million in Q4 2025 per AMWL's latest filing, down from $85.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $461.3 million in Q1 2023 and bottomed at $80.5 million in Q4 2025.
  • Average Operating Expenses over 5 years is $138.1 million, with a median of $118.9 million recorded in 2021.
  • Peak YoY movement for Operating Expenses: soared 242.45% in 2023, then tumbled 70.83% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $120.2 million in 2021, then rose by 19.89% to $144.1 million in 2022, then dropped by 11.41% to $127.6 million in 2023, then decreased by 10.87% to $113.8 million in 2024, then fell by 29.27% to $80.5 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $80.5 million in Q4 2025, $85.6 million in Q3 2025, and $91.3 million in Q2 2025.