---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-048737"
form_type: "8-K"
ticker: "AMWL"
cik: "0001393584"
company_name: "American Well Corp"
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T02:57:54.662891+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Q4 revenue $55.3M beat guidance; net loss narrows; FY 2026 EBITDA guided lower but cash flow breakeven targeted

## Summary
- Q4 total revenue $55.3M exceeded guidance; subscription rev $28.8M, AMG visit rev $23.7M.
- Q4 net loss ($25.2M) vs ($31.9M) Q3; Adj EBITDA ($10.3M) vs ($12.7M) Q3.
- FY 2025 revenue $249.3M; net loss ($95.0M) vs ($212.6M) 2024; Adj EBITDA ($39.9M) vs ($134.4M).
- 2026 guidance: rev $195-205M, Adj EBITDA ($24M)-($18M); targets cash flow breakeven in Q4 2026.
- Cash and short-term securities $182.3M at year-end.

## SEC filing metadata
- accession: 0001193125-26-048737
- form_type: 8-K
- ticker: AMWL
- cik: 0001393584
- company_name: American Well Corp
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1393584/000119312526048737/0001193125-26-048737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393584/000119312526048737/amwl-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-048737
- JSON: https://secwatch.observer/filing/0001193125-26-048737.json
- Plain text: https://secwatch.observer/filing/0001193125-26-048737.txt

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