American Well (AMWL) Research & Development (2019 - 2026)

American Well has reported Research & Development for 8 years, with the latest figure at $12.4 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development fell 43.99% year-over-year to $12.4 million; the trailing twelve-month figure through Mar 2026 stood at $63.1 million (down 22.52% YoY), and the FY2025 full-year result was $72.9 million, down 15.34% from the prior year.
• Research & Development for Q1 2026 stood at $12.4 million, down from $13.9 million in the prior quarter.
• The five-year high for Research & Development was $37.5 million in Q1 2022, with the low at $12.4 million in Q1 2026.
• Average Research & Development over 5 years is $24.4 million, with a median of $25.8 million recorded in 2023.
• Year-over-year, Research & Development jumped 65.64% in 2022 and slumped 43.99% in 2026.
• Tracing AMWL's Research & Development over 5 years: stood at $27.7 million in 2022, then slipped by 4.83% to $26.3 million in 2023, then declined by 28.71% to $18.8 million in 2024, then retreated by 25.78% to $13.9 million in 2025, then retreated by 11.2% to $12.4 million in 2026.
• The last three Research & Development figures came in at $12.4 million (Q1 2026), $13.9 million (Q4 2025), and $18.6 million (Q3 2025), per Business Quant data.

Peer Comparison