undamentalytics Newsletter
Sign in

American Well Corp cash flow statement

In fiscal 2025, American Well Corp's operations generated −$66.0m of cash; it spent $21,000 on capital projects, leaving free cash flow of −$66.0m. It returned $4,000 through buybacks.

Cash flow statement

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 from operations−74−82−112−142−192−148−127−66−26
Depreciation and amortisation5810162632333433
Stock-based pay812118446872482213
Capital spending213100000
Free cash flow−76−83−116−142−193−149−127−66−26
Free cash flow after stock pay−84−95−234−186−260−221−175−88−39
Share buybacks—0381501000
Shares issued——99——————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: AMWL vs DHAMWL vs HCATAMWL vs HSTMAMWL vs CCLD

More: Health Care Technology stocks compared, Health Care sector, rankings of US companies

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.