American Well Corp
AMWLBuild a strategy around AMWL
American Well Corp AI Insights
Informational only. Not investment advice.Snapshot
- Negative EV (-118.9M) with 200.9M cash vs 76.5M market cap - trading below net cash value by 2.6x[Enterprise Value]
- Burning 64.5M FCF TTM with 200.9M cash = ~3 years runway before capital raise needed[Free Cash Flow TTM]
- Revenue declining 7.8% YoY while R&D at 29% of revenue (77.7M) - investing through contraction[Total Revenue 1yr Growth]
Watch Triggers
- Total Revenue 1yr Growth: Turns positive (>0%) — Revenue stabilization prerequisite for any bull case; continued decline accelerates cash depletion
- Cash and Equivalents: Falls below 100M — Sub-18 month runway triggers dilutive financing or fire-sale M&A
- Operating Margin TTM: Improves to >-30% — Would extend runway 50%+ and validate cost restructuring thesis
Bull Case
Trading at 0.42x book with negative EV - acquirer pays nothing for the business and gets 200.9M cash plus telehealth platform
Gross margin 52.4% proves unit economics work; path to profitability exists if revenue stabilizes at scale
Bear Case
Revenue declining (-7.8% YoY, -6.7% 3Y CAGR) in growing telehealth market signals competitive displacement
Operating loss of 122.9M TTM (-46% margin) with no clear path to profitability - value trap risk
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
Leverage AMWL's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Cash burn trajectory forces strategic action within 24 months - M&A target or pivot
- 64.5M annual FCF burn vs 200.9M cash
- Revenue declining 3 consecutive years (-6.7% 3Y CAGR)
- Market cap below tangible book (0.42x P/B)
Valuation Context
Caveats
Public Strategies Rankings
See how American Well Corp ranks across different investment strategies.
Leverage AMWL's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
AMWL Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$91.7M | — | ||
$-86.11M | — | ||
0.00 | — | ||
$249.32M | -2.0% | — | |
$-5.96 | — | ||
-42.2% | +43.3% | — | |
-38.4% | +43.4% | — | |
$-65.97M | — | ||
-35.4% | +18.7% | — | |
Beta 5Y (Monthly) | unknown | — |
AMWL Dividend History
AMWL Stock Splits
AMWL SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/12/26 | 12/31/25 | 10-K | |
11/04/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/01/25 | 03/31/25 | 10-Q | |
02/12/25 | 12/31/24 | Unknown | |
10/30/24 | 09/30/24 | 10-Q | |
07/31/24 | 06/30/24 | 10-Q | |
05/01/24 | 03/31/24 | 10-Q | |
02/15/24 | 12/31/23 | 10-K | |
11/01/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/03/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/10/22 | 03/31/22 | 10-Q | |
02/28/22 | 12/31/21 | 10-K | |
11/12/21 | 09/30/21 | 10-Q | |
08/12/21 | 06/30/21 | 10-Q | |
05/13/21 | 03/31/21 | 10-Q | |
03/26/21 | 12/31/20 | 10-K | |
11/13/20 | 09/30/20 | 10-Q | |
09/18/20 | 06/30/20 | 424B4 | |
05/13/21 | 03/31/20 | 10-Q | |
09/18/20 | 12/31/19 | 424B4 | |
11/13/20 | 09/30/19 | 10-Q |