American Well Corporation

American Well Corporation reported a net loss of $95.7 million for fiscal year 2025, with revenue of $249.3 million. The company generated a gross profit of $132.8 million (revenue of $249.3 million minus cost of revenue of $116.5 million), resulting in a gross margin of 53.3%. Operating loss was $105.3 million, driven by significant expenses in research and development ($72.9 million), sales and marketing ($43.3 million), and general and administrative ($88.0 million). The company used $66.0 million in operating cash flow but generated $17.1 million from investing activities primarily through divestiture proceeds. Total assets stood at $323.8 million with $182.3 million in cash and cash equivalents, while total liabilities were $76.0 million. The company maintained $247.8 million in stockholders' equity with an accumulated deficit of $2.06 billion.

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