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American Well Corp balance sheet

At the end of fiscal 2025, American Well Corp had total assets of $324m, total liabilities of $76.0m and shareholders' equity of $236m. It held $182m in cash against $0 of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents48138942746539372228182196
Receivables—3345515854725053
Inventory—39897311
Total current assets—2241,113827627450317247265
Goodwill12719419444343500——
Total assets—5001,3771,4461,218590436324327
Accounts payable—761275522
Deferred revenue (current)646667695046532326
Total current liabilities—107121142114941117391
Total debt000000000
Total liabilities—1251301851341101207693
Shareholders' equity−204−3071,2241,2391,064464305236221
Non-controlling interests and other (assets − liabilities − equity)—682———16111213
Shares outstanding——————16m16m17m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from American Well Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to American Well Corp.