American Well Corporation announced its financial results for the fourth quarter and full year ended December 31, 2025, reporting total revenue of $55.3 million for Q4 and $249.3 million for the full year, along with a net loss of ($25.2) million for Q4 and ($95.0) million for the full year. The company also provided financial guidance for 2026, including revenue in the range of $195 to $205 million and an objective to achieve positive cash flow from operations in the fourth quarter of 2026.
Key takeaways
Reported Q4 2025 total revenue of $55.3 million, exceeding previously provided financial guidance from Q3.
Reported full year 2025 total revenue of $249.3 million and net loss of ($95.0) million, compared to net loss of ($212.6) million in 2024.
Provided 2026 financial guidance for revenue in the range of $195 to $205 million and Adjusted EBITDA in the range of between ($24) million to ($18) million.
Provided Q1 2026 financial guidance for revenue in the range of $48- $53 million and adjusted EBITDA in the range of ($7) – ($5) million.
Communicated objective to achieve positive cash flow from operations in the fourth quarter of 2026.
Reported cash and short-term securities as of December 31, 2025, of approximately $182.3 million.