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American Well AMWL Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$54.9MBeat by $3.3M
EPS-$0.78Miss by $0.01
Revenue estimate$51.5M
EPS estimate-$0.77

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$47.3M
EPS estimate-$0.66

Financials

Q1 2026

Income statement

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Revenue$54.9M-17.9%
Gross profit$28.0M-20.7%
Operating income-$17.4M+42.7%
Net income-$10.9M+41.8%
EPS (diluted)-$0.66+44.5%

Balance sheet

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Cash & equivalents$179.2M-19.4%
Total debt$4.0M-45.7%
Total equity$227.3M-22.7%
Total assets$326.0M-22.3%

Cash flow

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Operating cash flow-$983.0K+96.1%
CapEx$5.0K-44.4%
Free cash flow-$988.0K+96.1%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$87.06M-29.2%
Enterprise value-$88.18M+4.3%
P/S0.4×-0.1×

Profitability

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Gross margin52.9%+8.6pp
Operating margin-38.9%-11.3pp
Net margin-37%-10.1pp
FCF margin-17.6%-5.9pp

Returns & leverage

See full
Return on equity-33.7%-6.4pp
Debt / equity0×0.0×
Current ratio3.1×+0.2×

Segments

By product

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Visits$28.9M+8.5%
Platform Subscription$24.9M-22.7%
Others$1.1M-86.4%

FAQ

When did American Well report Q1 2026 earnings?
American Well (AMWL) reported Q1 2026 earnings on May 5, 2026 after market close.
What were American Well's Q1 2026 revenue and EPS?
American Well reported revenue of $54.9M and eps of $-0.78 for Q1 2026.
Did American Well beat estimates in Q1 2026?
Revenue beat the consensus estimate of $51.5M by $3.3M. EPS missed the consensus estimate of $-0.77 by $0.01.
How did American Well's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 17.9% from $66.8M a year earlier and eps grew 54.9% from $-1.73.
Where can I find American Well's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-206427) and the 10-Q periodic report (0001393584-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.