What are American Well's profit margins?

American Well (AMWL) runs a 52.9% gross margin and a -38.9% operating margin, with a -37.0% net margin.

Where do American Well's ratios come from?

Every ratio is computed from American Well's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

American Well AMWL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	52.9%+8.6pp	53.3%+14.4pp	52.4%+17.6pp	49%+14.8pp	44.3%+9.7pp
Operating margin	-38.9%+27.2pp	-42.2%+43.3pp	-46.4%+44.9pp	-52.2%+76.3pp	-66.1%+79.2pp
Net margin	-37%+22.1pp	-38.4%+43.4pp	-42.8%+41.5pp	-46.2%+74.3pp	-59.1%+78.2pp
Returns
Return on equity	-33.7%+10.3pp	-35.4%+18.7pp	-38.3%+12.7pp	-38.5%+23.5pp	-44%+19.3pp
Return on invested capital	-141%+41.2pp	-147.8%+82.8pp	-153%+3.3pp	-168.9%-54.7pp	-182.1%-77.5pp
Efficiency
Asset turnover	0.6×+0.1×	0.7×+0.2×	0.6×+0.2×	0.6×+0.2×	0.5×+0.2×
Liquidity
Current ratio	3.1×+0.2×	3.4×+0.5×	3.1×+0.2×	3.3×+0.1×	2.9×-0.9×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$13.70-26.9%	$14.68-27.7%	$15.72-29.3%	$17.78-27.3%	$18.76-33.0%
Valuation
Market capitalization	$154.55M+29.3%	$80.38M-27.6%	$99.34M-30.1%	$115.25M+19.7%	$123.01M-47.5%
Price / sales	0.7×+0.2×	0.3×-0.1×	0.4×-0.2×	0.4×0.0×	0.5×-0.5×
Price / book	0.7×+0.3×	0.3×0.0×	0.4×0.0×	0.4×+0.1×	0.4×-0.2×

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Questions, answered.

What are American Well's profit margins?: American Well (AMWL) runs a 52.9% gross margin and a -38.9% operating margin, with a -37.0% net margin.
Where do American Well's ratios come from?: Every ratio is computed from American Well's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.