← American Well Corp
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $137.7m | $941.6m | $746.4m | $538.5m | $372.0m | $228.3m | $182.3m | |
| Accounts receivable ($955 and $616, from related parties and net of allowances of $9,463 and $7,236, respectively) | $32.7m | $45.3m | $51.4m | $58.4m | $54.1m | $71.9m | $49.7m | |
| Inventories | $3.1m | $9.1m | $7.5m | $8.7m | $6.7m | $2.9m | $1.2m | |
| Prepaid expenses and other current assets | $8.9m | $14.1m | $20.3m | $19.6m | $14.5m | $11.4m | $10.8m | |
| Total current assets | $223.5m | $1.1b | $827.3m | $626.6m | $449.6m | $317.0m | $246.7m | |
| Property and equipment, net | $2.7m | $3.8m | $2.2m | $1.0m | $572k | $376k | $225k | |
| Intangibles assets, net | $63.5m | $55.5m | $152.4m | $135.0m | $120.2m | $101.5m | $66.1m | |
| Operating lease right-of-use asset | $11.9m | $6.6m | $16.4m | $13.5m | $10.5m | $7.2m | $3.9m | |
| Other assets | $1.6m | $1.4m | $1.7m | $2.0m | $2.1m | $2.2m | $1.6m | |
| Deferred contract acquisition costs | $1.1m | $2.1m | $1.7m | $1.4m | $2.3m | $2.5m | $2.7m | |
| Restricted cash | $1.1m | $0 | $795k | $795k | $795k | $795k | $795k | |
| Deferred contract acquisition costs, net of current portion | $1.6m | $1.3m | $2.0m | $3.4m | $4.8m | $5.3m | $4.5m | |
| Investment in minority owned joint venture (Note 2) | — | $752k | $168k | — | $1.2m | $1.5m | $0 | |
| Accrued expenses and other current liabilities | $27.4m | $42.1m | $58.7m | $54.3m | $39.0m | $49.3m | $45.3m | |
| Deferred revenue ($113 and $198 from related parties, respectively) | $66.5m | $66.7m | $68.8m | $49.5m | $46.4m | $53.2m | $22.6m | |
| Non-controlling interest | $26.3m | $22.1m | $21.6m | $20.0m | $16.0m | $11.5m | $12.2m | |
| Total American Well Corporation stockholders’ equity | ($307.1m) | $1.2b | $1.2b | $1.1b | $464.2m | $304.8m | $235.6m | |
| Total stockholders’ equity | ($280.9m) | $1.2b | $1.3b | $1.1b | $480.2m | $316.2m | $247.8m | |
| Total assets | $499.9m | $1.4b | $1.4b | $1.2b | $589.7m | $436.0m | $323.8m | |
| Total liabilities and stockholders’ equity | $499.9m | $1.4b | $1.4b | $1.2b | $589.7m | $436.0m | $323.8m | |
| Accounts payable | $6.5m | $5.8m | $12.2m | $7.2m | $4.9m | $5.0m | $1.6m | |
| Operating lease liability, current | $6.2m | $6.4m | $1.9m | $3.1m | $3.6m | $3.7m | $3.6m | |
| Operating lease liability, net of current portion | $7.2m | $1.3m | $14.7m | $11.8m | $8.2m | $4.5m | $892k | |
| Deferred revenue, net of current portion ($0 and $10 from related parties, respectively) | $10.9m | $8.1m | $7.1m | $6.3m | $6.1m | $2.8m | $818k | |
| Total current liabilities | $106.6m | $121.0m | $141.6m | $114.1m | $93.8m | $111.3m | $73.2m | |
| Other long-term liabilities | $309k | $64k | $5.1m | $1.6m | $1.4m | $1.2m | $1.1m | |
| Total liabilities | $124.9m | $130.4m | $185.0m | $133.7m | $109.5m | $119.7m | $76.0m | |
| Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 14,782,788 and 13,922,877 shares issued and outstanding, respectively; 100,000,000 Class B shares authorized, 1,369,518 shares issued and outstanding; 200,000,000 Class C shares authorized 277,777 issued and outstanding as of December 31, 2025 and as of December 31, 2024 | 423k | 2.4m | 2.6m | 2.8m | 2.9m | 156k | 165k | |
| Additional paid-in capital | $50.3m | $1.8b | $2.1b | $2.2b | $2.2b | $2.3b | $2.3b | |
| Accumulated other comprehensive income (loss) | $250k | $297k | ($6.4m) | ($17.0m) | ($15.7m) | ($15.8m) | ($12.1m) | |
| Accumulated deficit | ($357.9m) | ($582.4m) | ($811.3m) | ($1.1b) | ($1.8b) | ($2.0b) | ($2.1b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.