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American Well vs Spar Group: AMWL and SGRP compared
American Well is the larger company: $49.0M of revenue in its latest quarter (Q3 2026) against $36.9M for Spar Group (Q2 2026). Spar Group is growing faster (-4% against -13% a year earlier). Spar Group is more profitable, with an operating margin of 3.3% against -23.8%.
Where the money goes: AMWL and SGRP
American Well (AMWL) · Q3 2026
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.
Spar Group (SGRP) · Q2 2026
Spar Group, Q2 2026: revenue $36.9M (-4% year over year), operating margin 3.3%, net earnings $409K, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| American Well (AMWL) | Spar Group (SGRP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $49.0M | $36.9M |
| Revenue growth, Y/Y | -13% | -4% |
| Gross margin | — | 22.8% |
| Operating margin | -23.8% | 3.3% |
| Net earnings | −$11.0M | $409K |
| Net margin | -22.4% | 1.1% |
| Operating cash flow | −$11.7M | −$4.8M |
Where the revenue comes from
American Well
- Platform Subscription: $23.9M (49%)
- Visits: $23.7M (48%)
- Others: $1.4M (3%)
Spar Group
- United States Segment: $32.5M (88%)
- Canada Segment: $4.4M (12%)
Questions
Which is bigger, American Well or Spar Group?
American Well is the larger company: $49.0M of revenue in its latest quarter (Q3 2026) against $36.9M for Spar Group (Q2 2026).
Is American Well or Spar Group growing faster?
Spar Group is growing faster (-4% against -13% a year earlier).
Which is more profitable, American Well or Spar Group?
Spar Group is more profitable, with an operating margin of 3.3% against -23.8%.
More: American Well earnings · how American Well makes money · Spar Group earnings · how Spar Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.