Logotype for American Well Corporation

American Well (AMWL) investor relations material

American Well Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for American Well Corporation
Q3 2025 earnings summary4 Nov, 2025

Executive summary

  • Q3 2025 revenue was $56.3M, down 8% year-over-year but exceeded guidance, driven by SaaS platform adoption and AI-powered solutions.

  • Net loss for Q3 2025 was $31.9M, a 26% improvement from Q3 2024, reflecting ongoing investments and strategic transformation.

  • Strategic focus on a differentiated, AI-driven platform, operational efficiency, and divestiture of non-core assets, including the APC telepsychiatry business.

  • Significant operating expense reductions achieved through headcount reductions and cost controls.

  • Investments in interoperability, data analytics, and EHR integration position the platform as a scalable, secure solution for healthcare clients.

Financial highlights

  • Subscription revenue grew 18% year-over-year to $30.9M, now 55% of total revenue.

  • Visit revenue declined due to the APC divestiture, with Amwell Medical Group visit revenue at $21.2M and total visits at 1.1M.

  • GAAP gross margin expanded to 52.4% from 37% a year ago, driven by higher software/services mix and cost savings.

  • Adjusted EBITDA loss improved to $12.7M from $31M loss a year ago.

  • Ended Q3 with $200.9M in cash and marketable securities, no debt, and Q3 cash burn of $18M.

Outlook and guidance

  • Full-year 2025 revenue expected between $245M–$248M; adjusted EBITDA between $(45)M and $(42)M.

  • Q4 2025 revenue projected at $51M–$54M, adjusted EBITDA between $(15)M and $(12)M.

  • AMG visits guidance steady at 1.3M–1.35M for the year.

  • R&D, sales/marketing, and G&A expenses expected to decline significantly year-over-year.

  • Positive cash flow from operations targeted by end of 2026.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next American Well earnings date

Logotype for American Well Corporation
Q4 202511 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next American Well earnings date

Logotype for American Well Corporation
Q4 202511 Feb, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

American Well Corporation is a telehealth software company that enables digital delivery of care for healthcare. The company offers unified, coordinated access to care through a single point of entry and provides virtual health services using mobile applications, including On Demand and LiveHealthOnline; remote patient monitoring solutions comprising iTelehealth and OptumHealth Care Solutions; and employer-based health services through Avizia Telemedicine Platform for Hospitals. It serves individuals, employers, healthcare systems, health plans, retail clinics, life sciences companies, colleges and universities, and government agencies in the United States.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage