Amwell
Enterprise software for embedded hybrid healthcare delivery.
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Profile
Enterprise software subscriptions and platform visit fees support a hybrid-care model spanning in-person, virtual, and automated care. The technology is designed to be embedded in healthcare clients' existing offerings and workflows.
Enterprise software supports digital care across clinical, retail, school, and home settings. The platform extends beyond telehealth visits to in-person, virtual, and automated care, and can be embedded in healthcare clients' existing offerings and workflows.
Revenue comes from enterprise software subscriptions and fees for visits run on the enterprise and shared-services platforms. The business also includes an accompanying clinical-services platform. The Converge platform brings products, programs, modules, devices, and third-party applications onto a single code base. The model depends on healthcare clients integrating its technology into their care delivery workflows.
Company facts
Key statistics
Year to date +145% · Average volume (30d) 116.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Truist Financial | Target | $7.50 | $12 | ||
| Aug 5, 2026 | Morgan Stanley | Target | $6.50 | $13 | ||
| Aug 5, 2026 | UBS | Target | $10 | $11 | ||
| Jul 17, 2026 | Wells Fargo | Reiterate | Overweight | $16 | ||
| Jun 8, 2026 | Truist Financial | Target | $7.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$0.86 | −$0.59 | +31.4% | $49.9M | $52.0M | +4.4% | +24.95% |
| May 5, 2026Q1 FY26 | −$0.77 | −$0.78 | −1.3% | $51.5M | $54.9M | +6.5% | +12.42% |
| Feb 12, 2026Q4 FY25 | −$1.59 | −$1.43 | +10.1% | $52.6M | $55.3M | +5.1% | +24.71% |
| Nov 4, 2025Q3 FY25 | −$1.46 | −$1.74 | −19.4% | $54.6M | $56.3M | +3.2% | −9.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $66.8M | $70.9M | $56.3M | $55.3M | $54.9M | $52.0M | |
| Gross profit | $35.3M | $39.8M | $29.5M | $28.3M | $20.4M | $27.6M | |
| Operating income | −$30.4M | −$20.4M | −$29.3M | −$25.2M | −$12.9M | −$9.6M | |
| Net income | −$18.7M | −$19.7M | −$32.4M | −$24.9M | −$10.9M | −$9.9M | |
| Diluted EPS | −$1.19 | −$1.24 | −$2.00 | −$1.52 | −$0.66 | −$0.59 | |
| Gross margin | 52.8% | 56.1% | 52.4% | 51.2% | 37.2% | 53.0% | |
| Operating margin | -45.5% | -28.7% | -52.1% | -45.5% | -23.6% | -18.4% |
Fiscal years (4-quarter sums)FY21 $252.8M · FY22 $277.2M · FY23 $259.0M · FY24 $254.4M · FY25 $249.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $195.9M · Total debt $3.0M · Total assets $327.2M · Shareholders' equity $221.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 17.01M · Float 13.43M · 79.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Morgan Stanley | 1.16M | 6.80% | 13F | May 15, 2026 |
| Senvest Management, LLC | 1.14M | 7.60% | 13G | May 14, 2026 |
| Cable Car Capital LLC | 1.00M | 5.89% | 13F | May 15, 2026 |
| Funicular Funds, LP | 810.6K | 5.50% | 13G | Jan 26, 2026 |
| Vanguard Capital Management LLC | 567.3K | 3.34% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Phyllis Gotlib | officer: President, International | −6,677 | $9.33 |
| Jul 1, 2026 | Dmitry Zamansky | officer: Chief Product & Tech. Officer | −8,460 | $9.33 |
| Jul 1, 2026 | Mark Hirschhorn | officer: Chief Financial Officer | −4,299 | $9.33 |
| Jul 1, 2026 | Paul Francis McNeice | officer: Chief Accounting Officer | −653 | $9.33 |
| Jun 11, 2026 | Stephen J. Schlegel | director | −9,750 | $8.76 |
Peers
- Teladoc Health
Enterprise virtual care and behavioral-health platform overlap
- Microsoft
Healthcare video and workflow platform overlap through Teams
- Amazon
Virtual care, primary care, pharmacy, and AI-health overlap
- Oracle
EHR and health-system workflow overlap through Oracle Health
- Zoom Communications
Healthcare video communications overlap with Zoom platforms
- Doximity
Clinician-network and telehealth-tool overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Amwell | $11.93 | +0.34% | $202.9M | — | — | 0.9 | −26.6% |
| Teladoc Health | $6.50 | 0.00% | $1.18B | — | — | 0.5 | −4.0% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| Zoom Communications | $98.29 | −0.11% | $28.86B | 9.1 | 16.1 | 5.8 | +4.9% |
| Doximity | $26.69 | −0.19% | $5.00B | 31.4 | 19.1 | 7.6 | +7.3% |
| Median | 25.9 | 19.1 | 6.1 | +12.5% |








