Amwell Q1 FY26 net loss narrows 44% to $10.3 million; revenue drops 18% to $54.9 million

American Well Corporation Class A

American Well Corporation Class A

AMWL

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  • American Well posted a net loss of USD 10.3 million as revenue fell 18% to USD 54.88 million.
  • Operating loss narrowed 43% to USD 17.42 million as total costs and operating expenses dropped 26% to USD 72.31 million.
  • Adjusted EBITDA improved to a loss of USD 3.08 million from a loss of USD 12.24 million.
  • Platform utilization eased, with total visits slipping to 1,050,000 and AMG providers accounting for 36% of visits, up 7 percentage points.
  • Management attributed the revenue decline to timing of revenue recognition with strategic customers, while noting severance and strategic transformation charges of USD 4.48 million tied in part to abandoning its corporate headquarters lease.


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