Filing Flows › American Well (AMWL) › Q3 2026
American Well (AMWL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
American Well (AMWL) reported revenue of $49.0M for the third quarter 2026 (Q3 2026), -13% from a year earlier and -6% from the quarter before. Operating margin was -23.8%, net loss $11.0M (22.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.0M | -6% | -13% |
| Operating profit | −$11.7M | — | — |
| Net earnings | −$11.0M | — | — |
| Operating cash flow | −$11.7M | -209% | — |
What changed
Revenue was $49.0M in Q3 2026, down 13% year over year and down 6% from the previous quarter. Platform Subscription was the largest line at 49% of revenue. Platform Subscription lost $7.0M year over year (down 23%), 95% of the total change.
Operating costs exceeded revenue by $11.7M, an operating margin of -23.8%. Total costs fell 29% while revenue fell 13%. The quarter ended with a net loss of $11.0M, wider than the previous quarter's $9.6M loss.
Operating cash flow was −$11.7M. Non-cash charges added back $5.2M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $10K exceeded it, leaving free cash flow of −$11.7M.
Questions
What was American Well's revenue in the third quarter 2026?
American Well (AMWL) reported revenue of $49.0M for the third quarter 2026 (Q3 2026), -13% from a year earlier and -6% from the quarter before.
Was American Well profitable in the third quarter 2026?
Operating loss was $11.7M (-23.8% of revenue) and net loss $11.0M.
Source: American Well 10-Q on SEC EDGAR.