Deep Value: cash covers about 93% of the stock price

This company holds roughly $196M in cash and investments — about 93% of its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

American Well Corporation

AMWL

Medical - Healthcare Information Services · Healthcare

Exchange

New York Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Winston Score History

The full picture

American Well, also known as Amwell, runs a telehealth platform that connects patients with doctors and other healthcare providers through video visits. Its main customers are health insurance companies, large hospital systems, and employers who use Amwell's software to offer virtual care to their members and employees. The company operates in the digital health industry and competes in the crowded U.S. telehealth market alongside companies like Teladoc.

Amwell makes money by charging health systems and insurers licensing and subscription fees to use its platform, rather than billing patients directly. It operates mainly in the United States, with some international presence, and generates roughly $300 million in annual revenue. The company has not yet turned a profit, with significant operating losses each year, and its main challenge is reaching profitability while competing against well-funded rivals and navigating slower-than-expected adoption of telehealth services after the post-pandemic surge faded.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-26.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+52.4% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

21.0%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

$196M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

American Well Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

53.0%

Healthy — 53.0% gross margin

Profit after running costs

Operating Margin

-18.4%

Losing money on operations — -18.4%

Return on the money invested

ROCE

-34.8%

Weak — -34.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-19.0%

Shrinking sales (-19.0% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-13.4%

Burning cash (-13.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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