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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
($833, $828, $1,265 and $1,700 from related parties, respectively) $ 70,898 $ 62,790 $ 137,731 $ 122,312
Costs and operating expenses:        
Costs of revenue, excluding depreciation and amortization of intangible assets 31,143 39,294 62,717 80,447
Research and development 18,237 20,806 40,339 47,486
Sales and marketing 12,518 18,386 25,094 44,112
General and administrative 21,155 28,464 44,347 61,221
Depreciation and amortization expense 8,224 8,216 16,024 16,454
Total costs and operating expenses 91,277 115,166 188,521 249,720
Loss from operations (20,379) (52,376) (50,790) (127,408)
Interest income and other income (expense), net 845 2,668 3,533 6,452
Gain on divestiture 0 0 10,713 0
Loss before expense from income taxes and loss from equity method investment (19,534) (49,708) (36,544) (120,956)
Benefit (Expense) from income taxes 725 (97) 157 (1,372)
Loss from equity method investment (722) (774) (1,500) (1,700)
Net loss (19,531) (50,579) (37,887) (124,028)
Net income (loss) attributable to non-controlling interest 165 (659) 513 (2,003)
Net loss attributable to American Well Corporation $ (19,696) $ (49,920) $ (38,400) $ (122,025)
Net loss per share attributable to common stockholders, basic $ (1.24) $ (3.36) $ (2.43) $ (8.28)
Net loss per share attributable to common stockholders, diluted $ (1.24) $ (3.36) $ (2.43) $ (8.28)
Weighted-average common shares outstanding, basic 15,892,970 14,875,589 15,783,281 14,738,355
Weighted-average common shares outstanding, diluted 15,892,970 14,875,589 15,783,281 14,738,355
Net loss $ (19,531) $ (50,579) $ (37,887) $ (124,028)
Other comprehensive income (loss), net of tax:        
Foreign currency translation 2,669 (4,748) 2,326 (5,311)
Comprehensive loss (16,862) (55,327) (35,561) (129,339)
Less: Comprehensive income (loss) attributable to non-controlling interest 165 (659) 513 (2,003)
Comprehensive loss attributable to American Well Corporation $ (17,027) $ (54,668) $ (36,074) $ (127,336)