AMWL (American Well) Shares Outstanding (EOP): 16.9 Mil (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AMWL American Well Corp AMWL
50 GF Score
Price $11.92
GF Value $6.41
Valuation Significantly Overvalued
! 3 Warning Signs
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What is American Well Shares Outstanding (EOP)?

American Well AMWL +0.17% 50 Shares Outstanding (EOP) is 16.9 Mil as of Jun. 2026. GuruFocus rates AMWL with a GF Score™ of 50/100 and a GF Value™ of $6.41 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. American Well's shares outstanding for the quarter that ended in Jun. 2026 was 16.9 Mil.

American Well's quarterly shares outstanding increased from Mar. 2026 (16.7 Mil) to Jun. 2026 (16.9 Mil). It means American Well issued new shares from Mar. 2026 to Jun. 2026 .

American Well's annual shares outstanding increased from Dec. 2024 (15.6 Mil) to Dec. 2025 (16.4 Mil). It means American Well issued new shares from Dec. 2024 to Dec. 2025 .


American Well  (NYSE:AMWL) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


American Well Shares Outstanding (EOP) Related Terms


American Well Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for American Well's Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Well Shares Outstanding (EOP) Chart

American Well Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (EOP)
Get a 7-Day Free Trial 13.09 13.86 14.42 15.57 16.43

American Well Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.09 16.32 16.43 16.66 16.93

AMWL vs LFMD, SY, HCAT: Shares Outstanding (EOP) Comparison

For the Health Information Services subindustry, American Well's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Well Shares Outstanding (EOP) vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, American Well's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where American Well's Shares Outstanding (EOP) falls into.


AMWL
50GF Score
American Well Corp AMWL
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
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American Well Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 16.9 Mil mean?
American Well (AMWL) has a Shares Outstanding (EOP) of 16.9 Mil as of Jun. 2026. The total shares a company has outstanding, at period-end. View historical data on American Well and its competitors.
Is American Well's Shares Outstanding (EOP) too high?
American Well's current Shares Outstanding (EOP) is 16.9 Mil. Overall, American Well has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Well's Shares Outstanding (EOP) compare to LFMD and SY?
American Well's Shares Outstanding (EOP) of 16.9 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Healthcare Providers & Services company?
A good Shares Outstanding (EOP) depends on the Healthcare Providers & Services industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on American Well and its competitors. American Well's current Shares Outstanding (EOP) is 16.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Well stock overvalued right now?
Based on GuruFocus' analysis, American Well (AMWL) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.41, compared to a current price of $11.92 — trading 86% above its estimated fair value. The current Shares Outstanding (EOP) is 16.9 Mil. American Well's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For American Well (AMWL), the current Shares Outstanding (EOP) is 16.9 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is American Well (AMWL) Overvalued in 2026?

Based on GuruFocus' analysis, American Well stock appears to be overvalued. The current stock price of $11.92 is trading 86% above its estimated GF Value™ of $6.41. GuruFocus considers American Well to be Significantly Overvalued.

Key valuation signals for AMWL:

  • Shares Outstanding (EOP): 16.9 Mil
  • GF Value™: $6.41 vs. price of $11.92 (86% above fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the AMWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


American Well Business Description

Address 75 State Street, 26th Floor, Boston, MA, USA, 02109
American Well Corp is an enterprise platform and software company digitally enabling hybrid care by offering payers and health systems a technology-enabled care platform. The Amwell Platform, its cloud-based enablement platform, digitally enables a scalable healthcare experience across all care settings by enabling critical services like virtual primary care, urgent care, clinical partner programs, scheduling visits, etc. Additionally, the healthcare providers can use the platform to access familiar workflows for taking notes, prescribing, referencing clinical treatment guidelines, and other related activities. The firm also offers various paid services, including licensed clinical staffing, implementation support, workflow design, etc, to help clients execute their hybrid care strategies.
50GF Score

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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.92
Price
$6.41
GF Value