What is American Well's R&D?

American Well (AMWL) reported R&D of $12.38M in Q1 2026.

How has American Well's R&D changed year-over-year?

American Well's R&D decreased by 44.0% year-over-year, from $22.1M to $12.38M.

What is the long-term trend for American Well's R&D?

Over 4 years (2021 to 2025), American Well's R&D has grown at a -9.1% compound annual growth rate (CAGR), from $106.59M to $72.86M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

American Well AMWL R&D

R&D at other companies

OracleORCL

$2.61B-1.5%

Teladoc HealthTDOC

$67.87M-3.0%

Talkspace, Inc.TALK

$2.66M-6.2%

CareCloud, Inc.CCLD

$2.42M+95.6%

Weave CommunicationsWEAV

$10.81M-3.0%

Amplitude, Inc.AMPL

$25.32M+7.6%

Other financials

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

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Market cap$154.55M+29.3%

Enterprise value-$20.69M-77.8%

P/S0.7×+0.2×

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

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Return on equity-33.7%-6.4pp

Debt / equity0×0.0×

Current ratio3.1×+0.2×

Where this comes from

Reported directly by American Well in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: American Well’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Well's R&D?: American Well (AMWL) reported R&D of $12.38M in Q1 2026.
How has American Well's R&D changed year-over-year?: American Well's R&D decreased by 44.0% year-over-year, from $22.1M to $12.38M.
What is the long-term trend for American Well's R&D?: Over 4 years (2021 to 2025), American Well's R&D has grown at a -9.1% compound annual growth rate (CAGR), from $106.59M to $72.86M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.