American Well reported revenue of $52.05M and net income of -$9.93M for the quarter ended Jun 2026, down 26.6% year over year. This income statement covers 29 quarters of results from Dec 2018 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2018 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||||||
| Revenue | 62.22M | 72.75M | 64.23M | 64.52M | 69.21M | 79.23M | 64.00M | 62.45M | 61.92M | 70.68M | 59.52M | 62.79M | 61.05M | 71.01M | 66.83M | 70.90M | 56.29M | 55.31M | 54.88M | 52.05M | |||||||||
| Cost of RevenueCost of Rev | 35.18M | 43.70M | 36.77M | 36.50M | 41.51M | 45.65M | 38.75M | 38.24M | 40.46M | 46.83M | 41.15M | 39.29M | 38.35M | 36.61M | 31.57M | 31.14M | 26.78M | 26.97M | 26.92M | 24.49M | |||||||||
| Gross Profit | 27.04M | 29.05M | 27.47M | 28.02M | 27.70M | 33.58M | 25.25M | 24.20M | 21.46M | 23.84M | 18.37M | 23.50M | 22.69M | 34.39M | 35.26M | 39.76M | 29.51M | 28.34M | 27.96M | 27.56M | |||||||||
| Operating items | |||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 27.40M | 33.78M | 37.48M | 37.07M | 36.25M | 27.68M | 25.92M | 25.84M | 27.71M | 26.35M | 26.68M | 20.81M | 19.80M | 18.78M | 22.10M | 18.24M | 18.58M | 13.94M | 12.38M | 10.35M | |||||||||
| Selling, General & AdministrativeSG&A | 34.38M | 14.68M | 32.72M | 34.91M | 37.68M | 41.04M | 36.37M | 36.32M | 29.57M | 24.39M | 32.76M | 28.46M | 25.18M | 34.77M | 23.19M | 21.16M | 21.74M | 21.96M | 17.70M | 13.90M | |||||||||
| Other Operating ExpensesOther Opex | 55.89M | 71.72M | 64.52M | 61.94M | 66.40M | 75.35M | 399.03M | 94.79M | 148.00M | 76.90M | 75.12M | 65.90M | 63.44M | 60.21M | 51.95M | 51.88M | 45.30M | 44.56M | 42.23M | 37.35M | |||||||||
| Operating ExpensesOpex | 117.67M | 120.17M | 134.71M | 133.92M | 140.33M | 144.08M | 461.32M | 156.95M | 205.28M | 127.63M | 134.55M | 115.17M | 108.42M | 113.76M | 97.24M | 91.28M | 85.62M | 80.46M | 72.31M | 61.60M | |||||||||
| Operating IncomeOp. Inc | -55.45M | -47.42M | -70.48M | -69.40M | -71.12M | -64.84M | -397.32M | -94.51M | -143.36M | -56.95M | -75.03M | -52.38M | -47.37M | -42.76M | -30.41M | -20.38M | -29.33M | -25.15M | -17.42M | -9.56M | |||||||||
| EBIT | -55.45M | -47.42M | -70.48M | -69.40M | -71.12M | -64.84M | -397.32M | -94.51M | -143.36M | -56.95M | -75.03M | -52.38M | -47.37M | -42.76M | -30.41M | -20.38M | -29.33M | -25.15M | -17.42M | -9.56M | |||||||||
| Non-operating items | |||||||||||||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | -0.38M | 0.22M | 0.11M | 0.76M | 1.24M | 4.01M | 0.94M | 2.33M | 7.98M | 8.17M | 3.78M | 2.67M | 3.88M | 0.42M | 2.69M | 0.84M | 0.64M | -0.37M | 0.31M | -0.62M | |||||||||
| Net income details | |||||||||||||||||||||||||||||
| EBT | -55.83M | -47.21M | -70.37M | -68.64M | -69.89M | -60.83M | -396.38M | -92.17M | -135.38M | -48.78M | -71.25M | -49.71M | -43.49M | -42.33M | -17.01M | -19.53M | -30.69M | -25.60M | -10.08M | -10.17M | |||||||||
| Tax ProvisionsTaxes | -5.45M | -0.33M | -0.33M | 0.46M | 0.10M | 3.05M | 1.48M | 0.72M | 1.12M | 0.70M | 1.27M | 0.10M | -0.15M | 1.78M | 0.57M | -0.72M | 1.22M | -20.91M | 0.22M | -0.55M | |||||||||
| Profit After TaxPAT | -53.87M | -45.38M | -70.25M | -69.65M | -70.58M | -61.59M | -398.51M | -93.52M | -137.10M | -50.04M | -73.45M | -50.58M | -44.04M | -44.57M | -18.36M | -19.70M | -32.38M | -24.92M | -10.30M | -9.93M | |||||||||
| Equity Income | -0.55M | -1.04M | -0.21M | -0.55M | -0.59M | -0.92M | -0.65M | -0.62M | -0.60M | -0.71M | -0.93M | -0.77M | -0.70M | -0.71M | -0.78M | -0.72M | -0.20M | ||||||||||||
| Income from Non-Controlling InterestsInc. Minority | 0.56M | -0.12M | -0.22M | -0.51M | -0.49M | -0.43M | -0.82M | -1.04M | -0.69M | -1.46M | -1.34M | -0.66M | -0.58M | -1.92M | 0.35M | 0.17M | 0.47M | -0.25M | 0.58M | 0.30M | |||||||||
| Income from Continuing OperationsIncome (Continuing) | -50.38M | -46.87M | -70.04M | -69.10M | -69.98M | -63.88M | -397.86M | -92.89M | -136.50M | -49.49M | -72.52M | -49.80M | -43.34M | -44.11M | -17.58M | -18.81M | -31.91M | -4.69M | -10.30M | -9.62M | |||||||||
| Income from Discontinued OperationsIncome (Discontinued) | 10.71M | -2.00M | -0.08M | 7.03M | |||||||||||||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | -50.38M | -46.87M | -70.04M | -69.10M | -69.98M | -63.88M | -397.86M | -92.89M | -136.50M | -49.49M | -72.52M | -49.80M | -43.34M | -44.11M | -6.87M | -18.81M | -33.91M | -4.77M | -3.27M | -9.62M | |||||||||
| Income towards Parent CompanyParent Net Inc | -50.38M | -46.87M | -70.04M | -69.10M | -69.98M | -63.88M | -397.86M | -92.89M | -136.50M | -49.49M | -72.52M | -49.80M | -43.34M | -44.11M | -6.87M | -18.81M | -33.91M | -4.77M | -3.27M | -9.62M | |||||||||
| Net Income towards Common StockholdersNet Income | -50.38M | -46.87M | -70.04M | -69.10M | -69.98M | -63.88M | -397.86M | -92.89M | -136.50M | -49.49M | -72.52M | -49.80M | -43.34M | -44.11M | -6.87M | -18.81M | -33.91M | -4.77M | -3.27M | -9.62M | |||||||||
| Additional items | |||||||||||||||||||||||||||||
| EPS (Basic) | -3.92 | -3.69 | -5.23 | -5.06 | -5.05 | -4.66 | -28.42 | -6.56 | -9.55 | -3.48 | -4.97 | -3.35 | -2.86 | -2.94 | -0.44 | -1.18 | -2.09 | -0.30 | -0.20 | -0.57 | |||||||||
| EPS (Diluted) | -3.92 | -3.69 | -5.23 | -5.06 | -5.05 | -4.66 | -28.42 | -6.56 | -9.55 | -3.48 | -4.97 | -3.35 | -2.86 | -2.94 | -0.44 | -1.18 | -2.09 | -0.30 | -0.20 | -0.57 | |||||||||
| Shares Outstanding | 12.86M | 12.70M | 13.40M | 13.67M | 13.87M | 13.71M | 14.00M | 14.15M | 14.30M | 14.21M | 14.59M | 14.88M | 15.14M | 15.00M | 15.67M | 15.89M | 16.21M | 16.05M | 16.59M | 16.76M | |||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 12.86M | 12.70M | 13.40M | 13.67M | 13.87M | 13.71M | 14.00M | 14.16M | 14.29M | 14.21M | 14.59M | 14.88M | 15.14M | 15.00M | 15.67M | 15.89M | 16.21M | 16.05M | 16.59M | 16.76M | |||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 25.94M | 13.09M | 13.28M | 13.67M | 13.76M | 13.86M | 14.04M | 14.20M | 14.35M | 14.42M | 14.81M | 14.96M | 15.29M | 15.57M | 15.78M | 16.09M | 16.32M | 16.43M | 16.66M | 16.93M | |||||||||
| EBITDA | -55.45M | -47.42M | -70.48M | -69.40M | -71.12M | -64.84M | -397.32M | -94.51M | -143.36M | -56.95M | -75.03M | -52.38M | -47.37M | -42.76M | -30.41M | -20.38M | -29.33M | -25.15M | -17.42M | -9.56M | |||||||||
| Tax Rate | 9.77% | 0.71% | 0.47% | -0.67% | -0.14% | -5.02% | -0.37% | -0.78% | -0.83% | -1.45% | -1.79% | -0.20% | 0.34% | -4.20% | -3.34% | 3.71% | -3.96% | 81.69% | -2.15% | 5.39% |