v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 195,946 $ 182,328
Restricted cash 795 0
Accounts receivable ($30 and $955, from related parties and net of allowances of $11,519 and $9,463, respectively) 52,608 49,693
Inventories 964 1,187
Deferred contract acquisition costs 2,658 2,660
Prepaid expenses and other current assets 11,720 10,813
Total current assets 264,691 246,681
Restricted cash 0 795
Property and equipment, net 165 225
Intangible assets, net 56,947 66,073
Operating lease right-of-use asset 0 3,930
Deferred contract acquisition costs, net of current portion 3,811 4,459
Other assets 1,566 1,624
Total assets 327,180 323,787
Current liabilities:    
Accounts payable 1,696 1,649
Accrued expenses and other current liabilities 60,338 45,308
Operating lease liability, current 2,978 3,632
Deferred revenue ($20 and $113 from related parties, respectively) 26,248 22,625
Total current liabilities 91,260 73,214
Other long-term liabilities 1,059 1,075
Operating lease liability, net of current portion 0 892
Deferred revenue, net of current portion 552 818
Total liabilities 92,871 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 June 30, 2026 and as of December 31, 2025
Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 15,277,711 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 June 30, 2026 and as of December 31, 2025 170 165
Additional paid-in capital 2,313,775 2,309,145
Accumulated other comprehensive income (loss) (10,287) (12,099)
Accumulated deficit (2,082,441) (2,061,628)
Total American Well Corporation stockholders’ equity 221,217 235,583
Non-controlling interest 13,092 12,205
Total stockholders’ equity 234,309 247,788
Total liabilities and stockholders’ equity $ 327,180 $ 323,787