Filing Flows › American Well (AMWL) › Q3 2026 › vs Q2 2026
American Well (AMWL) Q3 2026 vs Q2 2026 (quarter over quarter)
American Well's revenue fell $3.1M (-6%) from $52.0M in Q2 2026 to $49.0M in Q3 2026. The biggest changes: Platform Subscription −$1.8M (-7%); Visits −$756K (-3%); Others −$534K (-28%).
American Well, Q3 2026: revenue $49.0M (-13% year over year), operating margin -23.8%, net loss $11.0M, operating cash flow −$11.7M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Platform Subscription | $23.9M | $25.7M | −$1.8M | -7% |
| Visits | $23.7M | $24.4M | −$756K | -3% |
| Others | $1.4M | $1.9M | −$534K | -28% |
| Revenue | $49.0M | $52.0M | −$3.1M | -6% |
| Other income, net | $1.5M | −$617K | $2.1M | — |
| Net loss | $11.0M | $9.6M | $1.3M | +14% |
| Costs & expenses | $61.4M | $62.2M | −$807K | -1% |
| Operating costs | $60.6M | $61.6M | −$959K | -2% |
| Income tax | $769K | −$548K | $1.3M | — |
| Cost of revenue | $23.0M | $24.5M | −$1.5M | -6% |
| Research & development | $9.6M | $10.4M | −$757K | -7% |
| Sales & marketing | $7.3M | $5.8M | $1.4M | +25% |
| General & admin | $15.5M | $13.9M | $1.6M | +11% |
| Other operating costs | $5.2M | $7.0M | −$1.8M | -25% |
| Operating cash sources | $19.2M | −$1.7M | $20.9M | — |
| Depreciation & amortization | $5.2M | $7.0M | −$1.8M | -25% |
| Share-based compensation | $2.3M | $2.0M | $300K | +15% |
| Cash used in operations | $11.7M | −$10.7M | $22.4M | — |
| Net loss absorbed | $11.0M | $9.6M | $1.3M | +14% |
| Working capital & other | $8.3M | −$11.3M | $19.6M | — |
Questions
How much did American Well's revenue grow quarter over quarter in Q3 2026?
American Well's revenue fell $3.1M (-6%) from $52.0M in Q2 2026 to $49.0M in Q3 2026.
What drove American Well's revenue change in Q3 2026?
Platform Subscription −$1.8M (-7%); Visits −$756K (-3%); Others −$534K (-28%).