American Well (AMWL) Operating Income (2019 - 2026)
American Well (AMWL) posted quarterly Operating Income of -$17.4 million for Q1 2026, up 42.7% year-over-year from -$12.2 million in Q1 2025, and up 30.73% quarter-over-quarter from -$25.2 million in Q4 2025.
American Well (AMWL) Operating Income (2019 - 2026) Analysis & Trends
American Well's Operating Income history runs 8 years deep, the most recent figure standing at -$17.4 million for Q1 2026.
- In Q1 2026, Operating Income rose 42.7% year-over-year to -$17.4 million; the TTM figure through Mar 2026 stood at -$92.3 million (up 46.63% YoY), while the FY2025 annual figure was -$105.3 million, up 51.61% from the prior year.
- Operating Income for Q1 2026 stood at -$17.4 million, up from -$25.2 million in the prior quarter.
- The five-year high for Operating Income was -$17.4 million in Q1 2026, with the low at -$397.3 million in Q1 2023.
- The 5-year median for Operating Income is -$57.0 million (2023), against an average of -$77.0 million.
- The sharpest annual moves came in 2023 and 2024: Operating Income plunged 463.72% in 2023, then jumped 81.12% in 2024.
- American Well's Operating Income stood at -$64.8 million in 2022, then rose by 12.16% to -$57.0 million in 2023, then advanced by 24.93% to -$42.8 million in 2024, then surged by 41.17% to -$25.2 million in 2025, then soared by 30.73% to -$17.4 million in 2026.
- Business Quant data shows AMWL's Operating Income at -$17.4 million in Q1 2026, -$25.2 million in Q4 2025, and -$29.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 273.11 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 130.39 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 102.95 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -19.56 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 40.44 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -93.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 76.04 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 33.64 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -17.90 Mn |
| 10 | American Well | 210.72 Mn | 27.07 Mn | 27.56 Mn | -9.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -9.56 Mn |
| Mar 31, 2026 | -17.42 Mn |
| Dec 31, 2025 | -25.15 Mn |
| Sep 30, 2025 | -29.33 Mn |
| Jun 30, 2025 | -20.38 Mn |
| Mar 31, 2025 | -30.41 Mn |
| Dec 31, 2024 | -42.76 Mn |
| Sep 30, 2024 | -47.37 Mn |
| Jun 30, 2024 | -52.38 Mn |
| Mar 31, 2024 | -75.03 Mn |
| Dec 31, 2023 | -56.96 Mn |
| Sep 30, 2023 | -143.36 Mn |
| Jun 30, 2023 | -94.51 Mn |
| Mar 31, 2023 | -397.32 Mn |
| Dec 31, 2022 | -64.84 Mn |
| Sep 30, 2022 | -71.12 Mn |
| Jun 30, 2022 | -69.40 Mn |
| Mar 31, 2022 | -70.48 Mn |
| Dec 31, 2021 | -47.42 Mn |
| Sep 30, 2021 | -55.45 Mn |