Filing Flows › American Well (AMWL) › Q2 2026
American Well (AMWL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
American Well (AMWL) reported revenue of $52.0M for the second quarter 2026 (Q2 2026), -27% from a year earlier and -5% from the quarter before. Operating margin was -18.4%, net loss $9.6M (18.5% of revenue).
American Well, Q2 2026: revenue $52.0M (-27% year over year), operating margin -18.4%, net loss $9.6M, operating cash flow $10.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.0M | -5% | -27% |
| Operating profit | −$9.6M | — | — |
| Net earnings | −$9.6M | — | — |
| Operating cash flow | $10.7M | — | — |
| Free cash flow | $10.7M | — | — |
What changed
Revenue was $52.0M in Q2 2026, down 27% year over year and down 5% from the previous quarter. Platform Subscription was the largest line at 49% of revenue. Platform Subscription lost $14.8M year over year (down 36%), 78% of the total change.
Operating costs exceeded revenue by $9.6M, an operating margin of -18.4%. Total costs fell 33% while revenue fell 27%. The quarter ended with a net loss of $9.6M, narrower than the previous quarter's $10.3M loss.
Operating cash flow was $10.7M. Non-cash charges added back $7.0M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $8K left free cash flow of $10.7M.
Questions
What was American Well's revenue in the second quarter 2026?
American Well (AMWL) reported revenue of $52.0M for the second quarter 2026 (Q2 2026), -27% from a year earlier and -5% from the quarter before.
Was American Well profitable in the second quarter 2026?
Operating loss was $9.6M (-18.4% of revenue) and net loss $9.6M.
Source: American Well 10-Q on SEC EDGAR.