Loading...
•
Dec 31, 2025
American Well Q4 2025 Earnings Report
Amwell reported its financial results for the fourth quarter and full year ended December 31, 2025, exceeding revenue guidance and showing improved net loss and adjusted EBITDA compared to the previous quarter.
Key Takeaways
Amwell exceeded its Q4 2025 financial guidance with total revenue of $55.3 million. The company reported a net loss of ($25.2) million and adjusted EBITDA of ($10.3) million, both showing improvement from the third quarter of 2025. The focus on its Technology Enabled Care platform contributed to strong market validation and contract renewals.
Total revenue for Q4 2025 was $55.3 million, surpassing the financial guidance provided in Q3.
Net loss improved to ($25.2) million in Q4 2025, compared to ($31.9) million in Q3 2025.
Adjusted EBITDA improved to ($10.3) million in Q4 2025, compared to ($12.7) million in Q3 2025.
The company reported a gross margin of 51% for the fourth quarter.
Revenue by Segment
Forward Guidance
Amwell provided financial guidance for the full year 2026 and for Q1 2026, projecting revenue between $195 million and $205 million for the full year, and between $48 million and $53 million for Q1. The company also aims to achieve positive cash flow from operations by Q4 2026.
Positive Outlook
- Projected revenue for 2026 is between $195 million and $205 million.
- Anticipated AMG visits for 2026 are between 1.32 million and 1.37 million.
- Q1 2026 revenue is expected to be between $48 million and $53 million.
- The company's objective is to achieve positive cash flow from operations by the fourth quarter of 2026.
- Adjusted EBITDA for Q1 2026 is projected to be between ($7) million and ($5) million, indicating continued improvement.
Challenges Ahead
- Adjusted EBITDA for the full year 2026 is still projected to be negative, in the range of ($24) million to ($18) million.
- The revenue guidance for 2026 ($195M-$205M) is lower than the full year 2025 revenue ($249.3M), indicating a projected decline.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...