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American Well Valuation Multiples

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

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 -$113M

EV

-$108M

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American Well Financials

American Well has a last 12-month revenue of $255M and a last 12-month EBITDA of -$113M.

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

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $259M $254M XXX XXX XXX
Gross Profit $117M $94.8M XXX XXX XXX
Gross Margin 45% 37% XXX XXX XXX
EBITDA -$224M -$185M XXX XXX XXX
EBITDA Margin -87% -73% XXX XXX XXX
Net Profit -$270M -$675M XXX XXX XXX
Net Margin -104% -265% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

American Well Stock Performance

As of April 15, 2025, American Well's stock price is $7.

American Well has current market cap of $112M, and EV of -$108M.

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American Well Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
-$108M $112M XXX XXX XXX XXX $-12.32

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American Well Valuation Multiples

As of April 15, 2025, American Well has market cap of $112M and EV of -$108M.

American Well's trades at -0.4x LTM EV/Revenue multiple, and 1.0x LTM EBITDA.

Analysts estimate American Well's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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American Well Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV -$108M XXX XXX XXX
EV/Revenue -0.4x XXX XXX XXX
EV/EBITDA 0.6x XXX XXX XXX
P/E -0.5x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF 0.8x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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American Well Valuation Multiples

American Well's NTM/LTM revenue growth is 3%

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

Over next 12 months, American Well's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate American Well's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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American Well Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -2% XXX XXX XXX XXX
EBITDA Margin -73% XXX XXX XXX XXX
EBITDA Growth -18% XXX XXX XXX XXX
Rule of 40 (SaaS-only) -70% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.4M XXX XXX XXX XXX
S&M Expenses to Revenue 30% XXX XXX XXX XXX
G&A Expenses to Revenue 48% XXX XXX XXX XXX
R&D Expenses to Revenue 34% XXX XXX XXX XXX
Opex to Revenue 124% XXX 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

Valuation data powered by FactSet, Inc.

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 $112M
What is the current revenue of American Well? American Well's last 12-month revenue is $255M.
What is the current EBITDA of American Well? American Well's last 12-month EBITDA is -$113M.
What is the current EV/Revenue multiple of American Well? Current revenue multiple of American Well is -0.4x.
What is the current EV/EBITDA multiple of American Well? Current EBITDA multiple of American Well is 1.0x.
What is the current revenue growth of American Well? American Well revenue growth between 2023 and 2024 was -2%.
Is American Well profitable? Yes, American Well is EBITDA-positive (as of the last 12 months).

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