American Well annual r&d spending
2018
2019
2020
2021
2022
2023
2024
2025
American Well R&D Spending Growth & History (AMWL)
American Well's r&d spending was $72.9M for fiscal 2025.
View full American Well company overviewAmerican Well annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $72.9M | −$13.2M | −15.34% |
| 2024 | 2024-12-31 | $86.1M | −$19.8M | −18.67% |
| 2023 | 2023-12-31 | $105.8M | −$32.7M | −23.58% |
| 2022 | 2022-12-31 | $138.5M | $31.9M | +29.92% |
| 2021 | 2021-12-31 | $106.6M | $22.2M | +26.28% |
| 2020 | 2020-12-31 | $84.4M | $30.5M | +56.49% |
| 2019 | 2019-12-31 | $53.9M | $17.7M | +48.71% |
| 2018 | 2018-12-31 | $36.3M | — | — |
American Well quarterly r&d spending
Q3.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $10.4M | −$7.9M | −43.24% |
| Q1 2026 | 2026-03-31 | $12.4M | −$9.7M | −43.99% |
| Q4 2025 | 2025-12-31 | $13.9M | −$4.8M | −25.78% |
| Q3 2025 | 2025-09-30 | $18.6M | −$1.2M | −6.14% |
| Q2 2025 | 2025-06-30 | $18.2M | −$2.6M | −12.35% |
| Q1 2025 | 2025-03-31 | $22.1M | −$4.6M | −17.16% |
| Q4 2024 | 2024-12-31 | $18.8M | −$7.6M | −28.71% |
| Q3 2024 | 2024-09-30 | $19.8M | −$7.9M | −28.57% |
| Q2 2024 | 2024-06-30 | $20.8M | −$5.0M | −19.49% |
| Q1 2024 | 2024-03-31 | $26.7M | $757,000 | +2.92% |
| Q4 2023 | 2023-12-31 | $26.3M | −$1.3M | −4.83% |
| Q3 2023 | 2023-09-30 | $27.7M | −$8.5M | −23.55% |
| Q2 2023 | 2023-06-30 | $25.8M | −$11.2M | −30.28% |
| Q1 2023 | 2023-03-31 | $25.9M | −$11.6M | −30.84% |
| Q4 2022 | 2022-12-31 | $27.7M | −$6.1M | −18.04% |
| Q3 2022 | 2022-09-30 | $36.3M | $8.9M | +32.32% |
| Q2 2022 | 2022-06-30 | $37.1M | $14.7M | +65.64% |
| Q1 2022 | 2022-03-31 | $37.5M | $14.4M | +62.68% |
| Q4 2021 | 2021-12-31 | $33.8M | $7.2M | +27.15% |
| Q3 2021 | 2021-09-30 | $27.4M | $2.1M | +8.40% |
| Q2 2021 | 2021-06-30 | $22.4M | $4.7M | +26.88% |
| Q1 2021 | 2021-03-31 | $23.0M | $8.1M | +54.26% |
| Q4 2020 | 2020-12-31 | $26.6M | — | — |
| Q3 2020 | 2020-09-30 | $25.3M | $11.7M | +85.82% |
| Q2 2020 | 2020-06-30 | $17.6M | — | — |
| Q1 2020 | 2020-03-31 | $14.9M | — | — |
| Q3 2019 | 2019-09-30 | $13.6M | — | — |
American Well r&d spending trends
Over the last five fiscal years, American Well's r&d spending decreased from $84.4M to $72.9M, a change of −$11.6M. The latest reported quarter, Q2 2026, shows $10.4M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Well source filings ↗