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Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share Attributable To Common Stockholders

Basic and diluted net loss per share attributable to common stockholders was calculated as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(44,041

)

 

$

(137,104

)

 

$

(168,069

)

 

$

(629,128

)

Net loss attributable to non-controlling interest

 

 

(577

)

 

 

(690

)

 

 

(2,580

)

 

 

(2,551

)

Net loss attributable to American Well Corporation

 

$

(43,464

)

 

$

(136,414

)

 

$

(165,489

)

 

$

(626,577

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding
   —basic and diluted

 

 

15,135,421

 

 

 

14,294,690

 

 

 

14,864,967

 

 

 

14,149,576

 

Net loss per share attributable to common
   stockholders—basic and diluted

 

$

(2.87

)

 

$

(9.54

)

 

$

(11.13

)

 

$

(44.28

)

Summary of Antidilutive Securities Excluded From Computation of Net Loss Per Share The Company excluded the following potential common shares equivalents presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Unvested restricted stock units

 

 

1,627,179

 

 

 

1,180,063

 

 

 

1,627,179

 

 

 

1,180,063

 

Unvested performance market-based stock units

 

 

796,458

 

 

 

1,350,120

 

 

 

796,458

 

 

 

1,350,120

 

Options to purchase shares of common stock

 

 

447,148

 

 

 

508,268

 

 

 

447,148

 

 

 

508,268

 

 

 

 

2,870,785

 

 

 

3,038,451

 

 

 

2,870,785

 

 

 

3,038,451