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

American Well's Research & Development history runs 8 years deep, the most recent figure standing at $7.7 million for Q1 2026.

• On a quarterly basis, Research & Development fell 38.41% year-over-year to $7.7 million in Q1 2026; TTM through Mar 2026 was $44.2 million, a 35.61% decrease from a year earlier, with the FY2025 full-year figure at $43.3 million, down 43.28% from the prior year.
• Research & Development retreated to $7.7 million in Q1 2026 per AMWL's latest filing, from $9.1 million in the prior quarter.
• Across five years, Research & Development topped out at $37.5 million in Q1 2022 and bottomed at $7.0 million in Q4 2023.
• The 5-year median for Research & Development is $19.8 million (2024), against an average of $20.1 million.
• Across the five-year window, Research & Development jumped 172.95% in 2022 and tumbled 74.79% in 2023, its largest moves.
• Year by year, Research & Development stood at $27.7 million in 2022, then tumbled by 74.79% to $7.0 million in 2023, then jumped by 120.47% to $15.4 million in 2024, then slumped by 40.91% to $9.1 million in 2025, then decreased by 14.82% to $7.7 million in 2026.
• Per Business Quant, the three latest AMWL Research & Development figures stand at $7.7 million (Q1 2026), $9.1 million (Q4 2025), and $9.1 million (Q3 2025).