American Well Corp (AMWL) Form 10-Q — Nov 3, 2026
Amwell (AMWL) reported Q3 2026 revenue of $49.0 million, down 13% year over year, with nine-month revenue of $155.9 million, down 20%, driven mainly by timing of revenue recognition with strategic customers and lower services revenue. The good news is losses are narrowing rapidly: Q3 net loss was $11.0 million versus $31.9 million a year ago, and adjusted EBITDA loss improved to $3.6 million from $12.7 million. Cash used in operations for the nine months fell to just $1.9 million from $48.6 million as the company executed deep cost cuts, including a 23% headcount reduction.
Key figures
- Revenue
- 155922000
- Revenue Yoy
- -20%
- Total Assets
- 309216000
- Cash Position
- 180786000
- Visits 9m 2025
- 3.6 million
- Visits 9m 2026
- 2.7 million
- Q3 2025 revenue
- 56286000
- Q3 2026 revenue
- 48991000
- Q3 revenue change
- -13%
- Accumulated deficit
- 2093803000
- Headcount reduction 9m
- 23% period over period
- Performance obligations
- 71512000
AI analysis
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