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American Well AMWL Q2 2026 earnings

Reported August 4, 2026 · After market close

Revenue$52.0MBeat by $2.2M
EPS-$0.59Beat by $0.27
Revenue estimate$49.9M
EPS estimate-$0.86
“The DHA's intent to make Amwell a prime contractor is a powerful endorsement of our platform and our people. With subscription revenue now approaching half our total revenue, independently validated behavioral clinical outcomes, no debt, and positive cash flows from operations projected for the fourth quarter this year, we have never been better positioned to lead the era of AI-powered care.”
Dr. Ido Schoenberg

Next report

Nov 3, 2026 (Tomorrow)
Revenue estimate$47.3M
EPS estimate-$0.66

Financials

Q2 2026

Income statement

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Revenue$52.0M-26.6%
Gross profit$27.6M-30.7%
Operating income-$9.6M+53.1%
Net income-$9.9M+49.6%
EPS (diluted)-$0.59+52.4%

Balance sheet

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Cash & equivalents$195.9M-10.6%
Total debt$3.0M-53.4%
Total equity$221.2M-21.7%
Total assets$327.2M-15.8%

Cash flow

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Operating cash flow$10.7M+327%
CapEx$8.0K—
Free cash flow$10.7M+327%

Valuation & ratios

Valuation

as of 10/30/26
See full
Market cap$254.79M+206%
Enterprise value$61.82M-155%
P/S1.2×+0.9×

Profitability

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Gross margin51.9%+2.9pp
Operating margin-37.3%-8.3pp
Net margin-35.7%-6.6pp
FCF margin-12.1%-4.4pp

Returns & leverage

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Return on equity-31%-5.1pp
Debt / equity0×0.0×
Current ratio2.9×-0.4×

Segments

By product

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Platform Subscription$25.7M-36.5%
Visits$24.4M+7.4%
Others$1.9M-75.1%

FAQ

When did American Well report Q2 2026 earnings?
American Well (AMWL) reported Q2 2026 earnings on August 4, 2026 after market close.
What were American Well's Q2 2026 revenue and EPS?
American Well reported revenue of $52.0M and eps of $-0.59 for Q2 2026.
Did American Well beat estimates in Q2 2026?
Revenue beat the consensus estimate of $49.9M by $2.2M. EPS beat the consensus estimate of $-0.86 by $0.27.
How did American Well's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 26.6% from $70.9M a year earlier and eps grew 52.4% from $-1.24.
Where can I find American Well's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001393584-26-000016) and the 10-Q periodic report (0001393584-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.