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American Well AMWL Q4 2025 Annual earnings

Reported February 12, 2026 · After market close

Revenue$55.3MBeat by $2.7M
EPS-$1.52Beat by $0.07
Revenue estimate$52.6M
EPS estimate-$1.59

Next report

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

Financials

Q4 2025

Income statement

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Revenue$55.3M-22.1%
Gross profit$28.3M-17.6%
Operating income-$25.2M+41.2%
Net income-$24.9M+41.6%
EPS (diluted)-$1.52+44.7%

Balance sheet

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Cash & equivalents$182.3M-20.1%
Total debt$4.5M-44.8%
Total equity$235.6M-22.7%
Total assets$323.8M-25.7%

Cash flow

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Operating cash flow-$17.4M-29.2%
CapEx$12.0K+300%
Free cash flow-$17.4M-29.2%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$80.38M-27.6%
Enterprise value-$97.42M+10.7%
P/S0.3×-0.1×

Profitability

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Gross margin53.3%+14.4pp
Operating margin-42.2%-14.2pp
Net margin-38.4%-13.3pp
FCF margin-26.5%-8.5pp

Returns & leverage

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Return on equity-35.4%-9.1pp
Debt / equity0×0.0×
Current ratio3.4×+0.5×

Segments

By product

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Platform Subscription$28.8M-22.0%
Visits$23.7M-18.7%
Others$2.8M-43.4%

FAQ

When did American Well report Q4 2025 earnings?
American Well (AMWL) reported Q4 2025 earnings on February 12, 2026 after market close.
What were American Well's Q4 2025 revenue and EPS?
American Well reported revenue of $55.3M and eps of $-1.52 for Q4 2025.
Did American Well beat estimates in Q4 2025?
Revenue beat the consensus estimate of $52.6M by $2.7M. EPS beat the consensus estimate of $-1.59 by $0.07.
How did American Well's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 22.1% from $71.0M a year earlier and eps grew 45.1% from $-2.77.
Where can I find American Well's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-048737) and the 10-K periodic report (0001193125-26-048776) directly on SEC EDGAR. The filing index links above go to sec.gov.