v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 179,207 $ 182,328
Restricted cash 795 0
Accounts receivable ($819 and $955, from related parties and net of allowances of $10,992 and $9,463, respectively) 57,092 49,693
Inventories 1,148 1,187
Deferred contract acquisition costs 2,679 2,660
Prepaid expenses and other current assets 18,129 10,813
Total current assets 259,050 246,681
Restricted cash 0 795
Property and equipment, net 178 225
Intangible assets, net 61,088 66,073
Operating lease right-of-use asset 0 3,930
Deferred contract acquisition costs, net of current portion 4,160 4,459
Other assets 1,491 1,624
Total assets 325,967 323,787
Current liabilities:    
Accounts payable 1,389 1,649
Accrued expenses and other current liabilities 48,762 45,308
Operating lease liability, current 3,962 3,632
Deferred revenue ($65 and $113 from related parties, respectively) 29,660 22,625
Total current liabilities 83,773 73,214
Other long-term liabilities 1,058 1,075
Operating lease liability, net of current portion 0 892
Deferred revenue, net of current portion 1,014 818
Total liabilities 85,845 75,999
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding as of March 31, 2026 and as of December 31, 2025
Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 15,011,477 and 14,782,788 shares issued and outstanding, respectively; 100,000,000 Class B shares authorized, 1,369,518 shares issued and outstanding; 200,000,000 Class C shares authorized 277,777 issued and outstanding as of March 31, 2026 and as of December 31, 2025 167 165
Additional paid-in capital 2,311,750 2,309,145
Accumulated other comprehensive income (loss) (12,071) (12,099)
Accumulated deficit (2,072,514) (2,061,628)
Total American Well Corporation stockholders’ equity 227,332 235,583
Non-controlling interest 12,790 12,205
Total stockholders’ equity 240,122 247,788
Total liabilities and stockholders’ equity $ 325,967 $ 323,787