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American Well (AMWL) R&D spending by quarter

American Well's R&D spending was $9.6M in Q3 2026 (third quarter 2026), -7% from Q2 2026. Over the last 7 quarters it ranged from $9.6M (Q3 2026) to $22.1M (Q1 2025).

American Well R&D spending by quarterAmerican Well R&D spending by quarter$22.1MQ1 2025$18.2MQ2 2025$18.6MQ3 2025$13.9MQ4 2025$12.4MQ1 2026$10.4MQ2 2026$9.6MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$9.6M-7%-48%
Q2 2026$10.4M-16%-43%
Q1 2026$12.4M-11%-44%
Q4 2025$13.9M-25%—
Q3 2025$18.6M+2%—
Q2 2025$18.2M-17%—
Q1 2025$22.1M——

Q3 2026 at a glance

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.

Questions

What is American Well's R&D spending?

American Well's R&D spending was $9.6M in Q3 2026 (third quarter 2026), -7% from Q2 2026.

How has American Well's R&D spending changed?

Over the last 7 quarters it ranged from $9.6M (Q3 2026) to $22.1M (Q1 2025).

Q3 2026 results → · How American Well makes money →