American Well (AMWL) Operating Income (2019 - 2026)
American Well's quarterly Operating Income came in at -$17.4 million in Q1 2026, up 42.7% year-on-year from -$12.2 million in Q1 2025, and down 128.91% quarter-over-quarter from $60.3 million in Q4 2025.
American Well has reported Operating Income for 8 years, with the latest figure at -$17.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income rose 42.7% year-over-year to -$17.4 million; the trailing twelve-month figure through Mar 2026 stood at -$6.9 million (up 96.03% YoY), and the FY2025 full-year result was -$19.9 million, up 90.87% from the prior year.
- Operating Income for Q1 2026 stood at -$17.4 million, down from $60.3 million in the prior quarter.
- The five-year high for Operating Income was $60.3 million in Q4 2025, with the low at -$397.3 million in Q1 2023.
- Average Operating Income over 5 years is -$71.9 million, with a median of -$57.0 million recorded in 2023.
- Year-over-year, Operating Income sank 463.72% in 2023 and surged 240.96% in 2025.
- Tracing AMWL's Operating Income over 5 years: stood at -$64.8 million in 2022, then advanced by 12.16% to -$57.0 million in 2023, then grew by 24.93% to -$42.8 million in 2024, then surged by 240.96% to $60.3 million in 2025, then slumped by 128.91% to -$17.4 million in 2026.
- The last three Operating Income figures came in at -$17.4 million (Q1 2026), $60.3 million (Q4 2025), and -$29.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 245.88 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 121.45 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 102.95 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 32.07 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 24.83 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 80.47 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -17.05 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 7.42 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 16.85 Mn |
| 10 | American Well | 148.98 Mn | -18.24 Mn | 47.14 Mn | -17.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -17.42 Mn |
| Dec 31, 2025 | 60.27 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 |
| Jun 30, 2021 | -37.54 Mn |
| Mar 31, 2021 | -38.74 Mn |
| Dec 31, 2020 | -49.56 Mn |
| Sep 30, 2020 | -64.29 Mn |
| Jun 30, 2020 | -87.83 Mn |
| Mar 31, 2020 | -25.75 Mn |
| Dec 31, 2019 | -24.49 Mn |
| Sep 30, 2019 | -25.75 Mn |