secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001193125-26-048737
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000119312526048737/0001193125-26-048737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000119312526048737/amwl-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-048737

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer