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American Well (AMWL)
NYSE:AMWL
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-1.17Last Year’s EPS
-1.19Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call describes meaningful operational progress: a successful transformation to a platform-focused business, improved revenue quality with subscription mix increasing to 53%, substantial cost reductions (~$100M improvement in losses), strengthened commercial momentum via key renewals, and a healthy cash position with no debt. However, these positives are tempered by notable top-line contraction (Q4 revenue down 22.1%, platform visits down 28.4%), margin pressure (gross margin down 280 bps), ongoing quarterly net losses and cash burn, and a FY2026 revenue guide materially below 2025 levels. Management’s outlook is constructive—targeting Q4 2026 cash flow breakeven—but execution risks remain tied to renewals (notably DHA), converting government pipeline opportunities, and restoring growth after portfolio rationalization. Overall, the call reflects balanced progress on cost and strategy but continued near-term revenue and margin headwinds.Company Guidance
Full-Year Revenue and Subscription Mix
Total revenue for fiscal 2025 was $249.3 million. Subscription revenue grew to represent 53% of total revenue, up from 45% in 2024, reflecting a deliberate shift to higher-quality, recurring SaaS revenue.
Material Reduction in Losses and Cost Base
The company reduced both net loss and adjusted EBITDA losses by approximately $100 million for the full year 2025 driven by disciplined cost actions and restructuring.
Operating Expense Improvement and Adjusted EBITDA Progress
Fourth-quarter operating expenses (ex D&A) declined 30.7% year-over-year and operating expenses as a percentage of revenue improved to 96.7% from 108.7% the prior year. Adjusted EBITDA loss improved to $(10.3) million in the quarter (an improvement vs prior periods).
Commercial Momentum and Contract Renewals
Strong commercial traction in 2025 included over 15 payer contract renewals representing the majority of payer subscription revenue, Blue Cross Blue Shield of Florida going live in January, and a multi-year renewal with Elevance.
Platform Transformation and Strategic Focus
Company completed transformation from telehealth provider to a focused technology-enabled care platform, divested noncore activities (e.g., APC), and prioritized AI-enabled clinical programs and vendor consolidation to increase revenue quality and stickiness.
Healthy Balance Sheet and Debt-Free Position
Ended the year with approximately $182 million in cash and marketable securities and no debt, and reported quarterly cash burn of ~$19 million, providing runway while pursuing breakeven.
Forward Guidance Toward Operational Breakeven
Provided FY2026 guidance of $195.0M–$205.0M revenue and expects positive cash flow from operations in Q4 2026, with FY2026 adjusted EBITDA loss guidance of $(24.0)M to $(18.0)M and Q1 2026 adjusted EBITDA loss of $(7.0)M to $(5.0)M.
AMWL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMWL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $4.33 | $5.40 | +24.71% |
Nov 04, 2025 | $5.05 | $4.57 | -9.50% |
Aug 05, 2025 | $8.48 | $7.86 | -7.31% |
May 01, 2025 | $6.19 | $7.41 | +19.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American Well (AMWL) report earnings?
American Well (AMWL) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is American Well (AMWL) earnings time?
American Well (AMWL) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMWL EPS forecast?
AMWL EPS forecast for the fiscal quarter 2026 (Q1) is -1.17.