Healthcare · Medical - Healthcare Information Services
Price
$9.19
Market Cap
$153.6M
Employees
562
Beta
1.70
Avg Volume
75,233
CEO
Ido Schoenberg
Business Description
American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Amwell Platform, a cloud-based enablement platform, digitally enables a scalable healthcare experience across all care settings; Amwell Carepoint, a device enable healthcare providers to leverage proprietary carts and transform existing tablets and TVs into digital access points in clinical settings; Amwell Converge, a platform and wraparound services of digital care into the in-person, automated, and virtual care settings; and Behavioral Health, a platform that offer students and faculty the right level of care. It also provides specialty care programs, including dermatology, musculoskeletal care, second opinion, and cardiometabolic care for patients and members; Amwell Medical Group network services consisting of primary and urgent care, behavioral health therapy, lactation counseling, and nutrition services. Further, it provides professional services to facilitate implementation, workflow design, systems integration, and service expansion for its products, as well as patient and provider engagement services. The company sells its products through field sales professionals, channel partners, and value-added resellers. It serves providers, payers, and the government, as well as the higher education sector. American Well Corporation was incorporated in 2006 and is headquartered in Boston, Massachusetts.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-1.54
Stock Price: $9.19
EPS (Diluted): -5.96
EPS (Diluted): -5.96
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.33
Stock Price: $9.19
Total Equity: $235.58M
Shares: 16,047,452
Total Equity: $235.58M
Shares: 16,047,452
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
0.41
Market Cap: $153.55M
Total Debt: $0.00
Cash: $182.33M
EBITDA: -$60.57M
Total Debt: $0.00
Cash: $182.33M
EBITDA: -$60.57M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
-$99.0M
Market Cap: $153.55M
Total Debt: $0.00
Cash: $182.33M
Total Debt: $0.00
Cash: $182.33M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.32
Stock Price: $9.19
Revenue: $249.33M
Shares: 16,047,452
Revenue: $249.33M
Shares: 16,047,452
EV/Sales (Total value vs revenue — works when P/E can't)
API-0.40
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
53.3%
Gross Profit: $132.86M
Revenue: $249.33M
Revenue: $249.33M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-42.2%
Operating Income: -$105.27M
Revenue: $249.33M
Revenue: $249.33M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-38.4%
Net Income: -$95.70M
Revenue: $249.33M
Revenue: $249.33M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-35.1%
Net Income: -$95.70M
Total Equity: $235.58M
Total Equity: $235.58M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-35.7%
Operating Income: -$105.27M
Tax Rate: -0.5%
Equity: $235.58M
Total Debt: $0.00
Cash: $182.33M
Tax Rate: -0.5%
Equity: $235.58M
Total Debt: $0.00
Cash: $182.33M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
3.37
Current Assets: $246.68M
Current Liabilities: $73.21M
Current Liabilities: $73.21M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $235.58M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $235.58M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$15.54
Revenue: $249.33M
Shares: 16,047,452
Shares: 16,047,452
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$14.68
Total Equity: $235.58M
Shares: 16,047,452
Shares: 16,047,452
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-4.11
Operating CF: -$65.95M
CapEx: -$21,000
Shares: 16,047,452
CapEx: -$21,000
Shares: 16,047,452
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $9.19
Stock Price: $9.19
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$95.70M
Net Income: -$95.70M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares AMWL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $252.8M | $277.2M | $259.0M | $254.4M | $249.3M |
| Cost of Revenue | $148.5M | $160.4M | $164.3M | $155.4M | $116.5M |
| Gross Profit | $104.3M | $116.8M | $94.8M | $99.0M | $132.9M |
| Operating Expenses | $283.5M | $392.6M | $786.9M | $316.5M | $238.1M |
| Operating Income | -$179.1M | -$275.9M | -$692.1M | -$217.5M | -$105.3M |
| Net Income | -$176.3M | -$270.4M | -$675.2M | -$208.1M | -$95.7M |
| EBITDA | -$166.1M | -$245.8M | -$224.2M | -$176.9M | -$60.6M |
| EPS | $-13.88 | $-19.68 | $-47.50 | $-13.88 | $-5.96 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $746.4M | $538.5M | $372.0M | $228.3M | $182.3M |
| Total Current Assets | $827.3M | $626.6M | $449.6M | $317.0M | $246.7M |
| Total Assets | $1.4B | $1.2B | $589.7M | $436.0M | $323.8M |
| Current Liabilities | $141.6M | $114.1M | $93.8M | $111.3M | $73.2M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $185.0M | $133.7M | $109.5M | $119.7M | $76.0M |
| Total Equity | $1.2B | $1.1B | $464.2M | $304.8M | $235.6M |
| Retained Earnings | -$811.3M | -$1.1B | -$1.8B | -$2.0B | -$2.1B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$141.5M | -$192.3M | -$148.3M | -$127.3M | -$66.0M |
| Capital Expenditure | $-559,000 | -$10.4M | -$15.2M | -$15.2M | $-21,000 |
| Free Cash Flow | -$142.1M | -$202.8M | -$163.6M | -$142.6M | -$66.0M |
| Acquisitions (net) | -$159.1M | -$2.0M | $0 | -$3.4M | $18.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$15.0M | $-360,000 | $-586,000 | $-3,000 | $-4,000 |
| Net Change in Cash | -$195.5M | -$207.9M | -$166.5M | -$143.7M | -$46.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 3:30am (5h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$208.6M $202.6M – $214.7M
|
$217.8M $217.8M – $217.8M
|
$220.2M $215.1M – $227.3M
|
$232.0M $226.6M – $239.4M
|
| EBITDA |
-$139.7M -$143.7M – -$135.7M
|
-$145.8M -$145.8M – -$145.8M
|
-$147.4M -$152.2M – -$144.0M
|
-$155.3M -$160.3M – -$151.7M
|
| Net Income |
-$36.5M -$37.8M – -$35.2M
|
-$18.3M -$19.8M – -$16.9M
|
-$4.7M -$4.9M – -$4.6M
|
$1.5M $1.5M – $1.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:44pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +9.7% | -6.5% | -1.8% | -2.0% |
| Gross Profit Growth | +11.9% | -18.8% | +4.4% | +34.3% |
| Operating Income Growth | -54.0% | -150.9% | +68.6% | +51.6% |
| Net Income Growth | -53.4% | -149.7% | +69.2% | +54.0% |
| EBITDA Growth | -48.0% | +8.8% | +21.1% | +65.8% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 3:30am (5h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-16 | Cosgrove Delos M. | A-Award | 14,501.00 | $0.00 | $0 |
| 2026-06-16 | Webb Robert Thomas | A-Award | 14,501.00 | $0.00 | $0 |
| 2026-06-16 | Ross Derek | A-Award | 14,501.00 | $0.00 | $0 |
| 2026-06-16 | Goldwasser Rivka | A-Award | 14,501.00 | $0.00 | $0 |
| 2026-06-16 | Schlegel Stephen J. | A-Award | 14,501.00 | $0.00 | $0 |
| 2026-06-16 | Jackson Deborah C | A-Award | 14,501.00 | $0.00 | $0 |
| 2026-06-11 | Schlegel Stephen J. | S-Sale | 9,750.00 | $8.76 | $85,449 |
| 2026-05-07 | Schoenberg Ido | P-Purchase | 670.00 | $7.37 | $4,938 |
| 2026-04-01 | Gotlib Phyllis | S-Sale | 3,706.00 | $5.30 | $19,642 |
| 2026-04-01 | Zamansky Dmitry | S-Sale | 5,575.00 | $5.30 | $29,548 |
| 2026-04-01 | McNeice Paul Francis | S-Sale | 383.00 | $5.30 | $2,030 |
| 2026-03-04 | HIRSCHHORN MARK | A-Award | 50,413.00 | $0.00 | $0 |
| 2026-03-04 | Gotlib Phyllis | A-Award | 50,413.00 | $0.00 | $0 |
| 2026-03-04 | Zamansky Dmitry | A-Award | 50,413.00 | $0.00 | $0 |
| 2026-03-04 | McNeice Paul Francis | A-Award | 8,066.00 | $0.00 | $0 |
| 2026-03-02 | Zamansky Dmitry | S-Sale | 2,472.00 | $5.45 | $13,472 |
| 2026-03-02 | HIRSCHHORN MARK | S-Sale | 10,796.00 | $5.24 | $56,571 |
| 2026-03-02 | Gotlib Phyllis | S-Sale | 3,573.00 | $5.24 | $18,723 |
| 2026-03-02 | McNeice Paul Francis | S-Sale | 130.00 | $5.24 | $681 |
| 2026-01-02 | Zamansky Dmitry | S-Sale | 6,243.00 | $4.85 | $30,279 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for AMWL — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30