---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003787"
form_type: "8-K"
ticker: "AMWL"
cik: "0001393584"
company_name: "American Well Corp"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:31:16.561610+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Amwell Q4 revenue $79.2M (+9% YoY); full-year net loss widens to $272.1M; 2023 guidance below 2022 revenue

## Summary
- Q4 2022 revenue $79.2M, up 9% YoY; subscription revenue $30.7M, AMG visit revenue $35.1M.
- Q4 net loss ($61.6M) improved from ($70.6M) in Q3 2022; adjusted EBITDA ($43.4M).
- Full-year 2022 revenue $277.2M (+10% YoY); net loss $272.1M vs $176.8M in 2021.
- Full-year adjusted EBITDA ($175.3M) vs ($122.7M) in 2021; cash and securities $538.5M.
- 2023 outlook: revenue $275-285M, AMG visits 1.45-1.65M, adjusted EBITDA ($150)-($160)M.

## SEC filing metadata
- accession: 0000950170-23-003787
- form_type: 8-K
- ticker: AMWL
- cik: 0001393584
- company_name: American Well Corp
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393584/000095017023003787/0000950170-23-003787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393584/000095017023003787/amwl-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003787
- JSON: https://secwatch.observer/filing/0000950170-23-003787.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003787.txt

## Key facts
- Earnings Releases
  American Well Corp reported the full year ended December 31, 2022 results: revenue $277.2 million, net income $272.1 million. Guidance initiated.
  - Period: the full year ended December 31, 2022
  - Revenue: $277.2 million
  - Net income: $272.1 million
  - Guidance: initiated
  - Result: reported results
  source text: Total Revenue grew 10% to $277.2 million, compared to $252.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393584/000095017023003787/0000950170-23-003787-index.htm
- Earnings Releases
  American Well Corp reported the fourth quarter ended December 31, 2022 results: revenue $79.2 million, net income ($61.6) million. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $79.2 million
  - Net income: ($61.6) million
  - Guidance: initiated
  - Result: reported results
  source text: Recorded total revenue of $79.2 million in the fourth quarter of 2022, representing 9% growth compared to $72.8 million in the fourth quarter of 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393584/000095017023003787/0000950170-23-003787-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.