Filing Flows › American Well (AMWL) › How it makes money
How American Well (AMWL) makes money
American Well (AMWL) made $49.0M of revenue in the third quarter 2026 (Q3 2026), -13% from a year earlier. Platform Subscription brought in $23.9M (49%); Visits brought in $23.7M (48%); Others brought in $1.4M (3%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Platform Subscription | $23.9M | 48.9% | -7% | -23% |
| Visits | $23.7M | 48.3% | -3% | +12% |
| Others | $1.4M | 2.8% | -28% | -67% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $49.0M | 100.0% |
| Income tax | $769K | 1.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $49.0M | -13% |
| Q2 2026 | $52.0M | -27% |
| Q1 2026 | $54.9M | -18% |
| Q4 2025 | $55.3M | -22% |
| Q3 2025 | $56.3M | -8% |
| Q2 2025 | $70.9M | +13% |
| Q1 2025 | $66.8M | +12% |
From American Well's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does American Well make money?
American Well (AMWL) made $49.0M of revenue in the third quarter 2026 (Q3 2026), -13% from a year earlier. Platform Subscription brought in $23.9M (49%); Visits brought in $23.7M (48%); Others brought in $1.4M (3%).
What is American Well's biggest business?
Platform Subscription: $23.9M in the third quarter 2026, 49% of revenue, -23% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.