American Well Corp
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 12, 2025
AMWL$12.02-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | |||
| ($3,165, $3,859 and $4,544 from related parties, respectively) | $254,364 | $259,047 | $277,190 |
| Costs and operating expenses: | |||
| Costs of revenue, excluding depreciation and amortization of intangible assets | 155,412 | 164,287 | 160,422 |
| Research and development | 86,065 | 105,827 | 138,487 |
| Sales and marketing | 76,272 | 86,460 | 81,628 |
| General and administrative | 121,174 | 126,645 | 146,353 |
| Depreciation and amortization expense | 32,975 | 31,492 | 26,153 |
| Goodwill impairment | — | 436,479 | — |
| Total costs and operating expenses | 471,898 | 951,190 | 553,043 |
| Loss from operations | (217,534) | (692,143) | (275,853) |
| Interest income and other income (expense), net | 10,757 | 19,422 | 6,123 |
| Loss before expense from income taxes and loss from equity method investment | (206,777) | (672,721) | (269,730) |
| Expense from income taxes | (2,751) | (3,860) | (64) |
| Loss from equity method investment | (3,110) | (2,590) | (2,278) |
| Net loss | (212,638) | (679,171) | (272,072) |
| Net loss attributable to non-controlling interest | (4,495) | (4,007) | (1,643) |
| Net loss attributable to American Well Corporation | $(208,143) | $(675,164) | $(270,429) |
| Net loss per share attributable to common stockholders, basic and diluted | $(13.88) | $(47.50) | $(19.72) |
| Weighted-average common shares outstanding, basic and diluted | 14,999,590 | 14,212,505 | 13,712,290 |
| Net loss | $(212,638) | $(679,171) | $(272,072) |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation | (190) | 1,319 | (10,616) |
| Comprehensive loss | (212,828) | (677,852) | (282,688) |
| Less: Comprehensive loss attributable to non-controlling interest | (4,495) | (4,007) | (1,643) |
| Comprehensive loss attributable to American Well Corporation | $(208,333) | $(673,845) | $(281,045) |
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