American Well Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $249.3M | $254.4M | $259.0M | $277.2M | $252.8M | $245.3M | $148.9M | $114.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $72.9M | $86.1M | $105.8M | $138.5M | $106.6M | $84.4M | $53.9M | $36.3M |
| SG&A Expense | $88.0M | $121.2M | $126.6M | $146.4M | $94.6M | $166.2M | $54.2M | $37.2M |
| Operating Income | $-105.3M | $-217.5M | $-692.1M | $-275.9M | $-179.1M | $-227.4M | $-94.7M | $-55.1M |
| Operating Margin | -42.2% | -85.5% | -267.2% | -99.5% | -70.9% | -92.7% | -63.6% | -48.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-94.5M | $-209.9M | $-675.3M | $-269.7M | $-179.0M | $-225.8M | $-89.2M | $-52.3M |
| Income Tax Expense | $434.0K | $2.8M | $3.9M | $64.0K | $-5.4M | $639.0K | $-803.0K | $0 |
| Net Income | $-95.7M | $-208.1M | $-675.2M | $-270.4M | $-176.3M | $-224.4M | $-87.2M | $-52.7M |
| Net Margin | -38.4% | -81.8% | -260.6% | -97.6% | -69.8% | -91.5% | -58.6% | -46.2% |
| EPS (Basic) | $-5.96 | $-13.88 | $-47.50 | $-19.72 | $-0.69 | $-0.76 | $-0.71 | $-0.43 |
| EPS (Diluted) | $-5.96 | $-13.88 | $-47.50 | $-19.72 | $-0.69 | $-0.76 | $-0.71 | $-0.43 |
| Shares Outstanding (Basic) | 16.0M | 15.0M | 14.2M | 13.7M | 254.1M | 297.1M | 126.9M | — |
| Shares Outstanding (Diluted) | 16.0M | 15.0M | 14.2M | 13.7M | 254.1M | 297.1M | 126.9M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |