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American Well Valuation Multiples

Discover revenue and EBITDA valuation multiples for American Well and similar public comparables like Kooth, Ping An Healthcare, and UniDoc Health.

American Well Overview

About American Well

American Well Corp is a telehealth company enabling digital delivery of care for its customers. Its platform, Amwell, digital care delivery solution that equips health systems, health plans, government, and innovator clients with the tools to enable new models of care for their patients and members enabling care delivery across the full healthcare continuum - from primary and urgent care in the home to high acuity specialty consults, such as telestroke and telepsychiatry, in the hospital. It provides both on-demand and scheduled consultations. Its Health Plan Programs include Virtual Primary Care, Musculoskeletal Care, Dermatology Care, and Chronic Care among others.


Founded

2006

HQ

United States of America
Employees

877

Financials

LTM Revenue $255M

LTM EBITDA -$99.2M

EV

-$109M

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American Well Financials

American Well has a last 12-month revenue (LTM) of $255M and a last 12-month EBITDA of -$99.2M.

In the most recent fiscal year, American Well achieved revenue of $254M and an EBITDA of -$185M.

American Well expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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American Well P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $255M XXX $254M XXX XXX XXX
Gross Profit $115M XXX $99.0M XXX XXX XXX
Gross Margin 45% XXX 39% XXX XXX XXX
EBITDA -$99.2M XXX -$185M XXX XXX XXX
EBITDA Margin -39% XXX -73% XXX XXX XXX
EBIT -$173M XXX -$218M XXX XXX XXX
EBIT Margin -68% XXX -86% XXX XXX XXX
Net Profit -$165M XXX -$208M XXX XXX XXX
Net Margin -65% XXX -82% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

American Well Stock Performance

As of May 30, 2025, American Well's stock price is $7.

American Well has current market cap of $107M, and EV of -$109M.

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American Well Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
-$109M $107M XXX XXX XXX XXX $-10.88

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American Well Valuation Multiples

As of May 30, 2025, American Well has market cap of $107M and EV of -$109M.

American Well's trades at -0.4x EV/Revenue multiple, and 0.6x EV/EBITDA.

Equity research analysts estimate American Well's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

American Well has a P/E ratio of -0.6x.

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American Well Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $107M XXX $107M XXX XXX XXX
EV (current) -$109M XXX -$109M XXX XXX XXX
EV/Revenue -0.4x XXX -0.4x XXX XXX XXX
EV/EBITDA 1.1x XXX 0.6x XXX XXX XXX
EV/EBIT 0.6x XXX 0.5x XXX XXX XXX
EV/Gross Profit -0.9x XXX n/a XXX XXX XXX
P/E -0.6x XXX -0.5x XXX XXX XXX
EV/FCF 1.0x XXX 0.8x XXX XXX XXX

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American Well Margins & Growth Rates

American Well's last 12 month revenue growth is 3%

American Well's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.4M for the same period.

American Well's rule of 40 is -83% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

American Well's rule of X is -31% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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American Well Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 3% XXX n/a XXX XXX XXX
EBITDA Margin -39% XXX -73% XXX XXX XXX
EBITDA Growth -62% XXX -53% XXX XXX XXX
Rule of 40 -83% XXX -69% XXX XXX XXX
Bessemer Rule of X XXX XXX -31% XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX $0.4M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 30% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 34% XXX XXX XXX
Opex to Revenue XXX XXX 124% XXX XXX XXX

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American Well Public Comps

See public comps and valuation multiples for Telemedicine & Virtual Care comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Doctor Care Anywhere XXX XXX XXX XXX XXX XXX
UniDoc Health XXX XXX XXX XXX XXX XXX
Ping An Healthcare XXX XXX XXX XXX XXX XXX
Kooth XXX XXX XXX XXX XXX XXX
Atrys Health XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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American Well M&A and Investment Activity

American Well acquired  XXX companies to date.

Last acquisition by American Well was  XXXXXXXX, XXXXX XXXXX XXXXXX . American Well acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by American Well

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About American Well

When was American Well founded? American Well was founded in 2006.
Where is American Well headquartered? American Well is headquartered in United States of America.
How many employees does American Well have? As of today, American Well has 877 employees.
Who is the CEO of American Well? American Well's CEO is Dr. Ido Schoenberg, M.D..
Is American Well publicy listed? Yes, American Well is a public company listed on NYS.
What is the stock symbol of American Well? American Well trades under AMWL ticker.
When did American Well go public? American Well went public in 2020.
Who are competitors of American Well? Similar companies to American Well include e.g. Doctor Care Anywhere, UniDoc Health, Ping An Healthcare, Kooth.
What is the current market cap of American Well? American Well's current market cap is $107M
What is the current revenue of American Well? American Well's last 12 months revenue is $255M.
What is the current revenue growth of American Well? American Well revenue growth (NTM/LTM) is 3%.
What is the current EV/Revenue multiple of American Well? Current revenue multiple of American Well is -0.4x.
Is American Well profitable? Yes, American Well is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of American Well? American Well's last 12 months EBITDA is -$99.2M.
What is American Well's EBITDA margin? American Well's last 12 months EBITDA margin is -39%.
What is the current EV/EBITDA multiple of American Well? Current EBITDA multiple of American Well is 1.1x.
What is the current FCF of American Well? American Well's last 12 months FCF is -$107M.
What is American Well's FCF margin? American Well's last 12 months FCF margin is -42%.
What is the current EV/FCF multiple of American Well? Current FCF multiple of American Well is 1.0x.

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