The Tip Desk

American Well Corp

Company Stats

Market Cap
$231.0M
as of Sep 30, 2026
Shares Outstanding
17.0M
Free Float
90.9%

Income Statement

Revenue
$249.3M
Operating Income
-$105.3M
Net Income
-$95.7M
EBITDA
-$71.3M
Revenue Growth, 3Y
-3.5%
FCF Margin, 3Y Avg
-44.6%
FCF Margin, Worst Year
-57.3%

Cash Flow

Free Cash Flow
-$66.0M
FCF Yield
-28.6%
Owner FCF Yield
-38.1%

Balance Sheet

Cash & Equivalents
$182.3M

Returns & Capital

Share Repurchases
$4,000
Buyback Yield, 3Y Avg
0.1%
SBC, 3Y Avg
$47.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$249.3M-$66.0M-26.5%
FY2024$254.4M-$127.5M-50.1%
FY2023$259.0M-$148.5M-57.3%
FY2022$277.2M-$192.6M-69.5%
FY2021$252.8M-$142.1M-56.2%

Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage