ONEM on NASDAQ

One Medical

Logo: Amazon One Medical, Public domain, via Wikimedia Commons4

American healthcare company based in San Francisco, California

Amazon One Medical is a primary care health service provided by Amazon with in-person care and online resources, including a mobile app. Founded by 1Life Healthcare, Inc.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2007Founded1

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  • TickerONEM on NASDAQ1
  • Industryhealth care industry1
  • HeadquartersSan Francisco1
  • Websitewww.onemedical.com
  • Incorporated inDE5
  • Business addressOne Embarcadero Center, Suite 1900, San Francisco, Ca 941115
  • Filer categoryLarge accelerated filer5
A One Medical clinic in Bethesda, Maryland 01
Photo: Harrison Keely, CC BY 4.0, via Wikimedia Commons6

Amazon One Medical is a primary care health service provided by Amazon with in-person care and online resources, including a mobile app. Founded by 1Life Healthcare, Inc. in 2007, it was acquired by Amazon in February 2023 and incorporated in to the company's Prime membership offerings.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-40.1%Operating margin7
-38.1%Net margin7
67.7%Revenue growth, 20227
-25.8%Return on equity7
-$285.5MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs97¢$1.0B
  • Income tax3¢$31.5M

Out of $1.0B in revenue.7 The company lost money this year.

Financial statements

Revenue89107$1.0B in 2022+491% since 2017
0$500.0M$1.0B$1.5B2017: $176.8M$176.8M20172018: $212.7M$212.7M2018+20%2019: $276.3M$276.3M2019+30%2020: $380.2M$380.2M2020+38%2021: $623.3M$623.3M2021+64%2022: $1.0B$1.0B2022+68%
Operating income89107-$419.7M in 2022+1222% since 2017
-$600.0M-$400.0M-$200.0M02017: -$31.8M-$31.8M20172018: -$45.0M-$45.0M2018+42%2019: -$54.1M-$54.1M2019+20%2020: -$71.4M-$71.4M2020+32%2021: -$243.5M-$243.5M2021+241%2022: -$419.7M-$419.7M2022+72%
Net income89107-$397.8M in 2022+1192% since 2017
-$400.0M-$300.0M-$200.0M-$100.0M02017: -$30.8M-$30.8M20172018: -$44.4M-$44.4M2018+44%2019: -$52.6M-$52.6M2019+18%2020: -$88.7M-$88.7M2020+69%2021: -$254.6M-$254.6M2021+187%2022: -$397.8M-$397.8M2022+56%
Fiscal year2016201720182019202020212022
Revenue$176.8M8$212.7M9$276.3M10$380.2M7$623.3M7$1.0B7
Cost of revenue$120.7M8$136.2M9$167.6M10$235.0M10$318.6M10
Operating income-$31.8M8-$45.0M9-$54.1M10-$71.4M7-$243.5M7-$419.7M7
Interest$834.0K8$804.0K9$474.0K9$13.4M9
Income tax$126.0K8$25.0K9$87.0K10-$123.0K7-$1.8M7-$31.5M7
Net income-$30.8M8-$44.4M9-$52.6M10-$88.7M7-$254.6M7-$397.8M7
Earnings per share-$2.8410-$0.757-$1.647-$2.027
Earnings per share (diluted)-$2.8410-$0.757-$1.647-$2.027

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How it started

History

One Medical was founded by Tom Lee in 2007. The company grew from a single San Francisco clinic to more than 72 locations across the United States, including 29 clinics in the greater San Francisco Bay Area. 1Life Healthcare, Inc. serves as an administrative and managerial services company for physician-owned professional corporations.

In 2017, Amir Rubin succeeded Tom Lee as CEO of One Medical. In 2018, The Carlyle Group invested $350 million in the company. One Medical was also backed by Google's parent company Alphabet Inc.

On January 31, 2020, One Medical began trading on the Nasdaq stock exchange.

During the early stages of vaccine distribution, One Medical was accused of administering the COVID-19 vaccine to ineligible patients in several states. This resulted in a Congressional investigation. The investigation concluded that One Medical sought to use its access to COVID vaccines for financial gain, by pushing those looking for vaccines towards its own paid memberships, and that it provided early access vaccines to those with insider connections at the company.

In September 2021, One Medical acquired Iora Health.

From Wikipedia’s article on One Medical, shared under CC BY-SA 4.0.3

Leadership

Who has led One Medical, and when. Pick a name to see everywhere that person has worked.

2010201520202025

Timeline

  1. Feb 2023Acquired Acquired by Amazon1
  2. Jan 30, 2020Went public Listed on NASDAQ1
  3. Jul 19, 2017New chief executive Amir Dan Rubin becomes CEO1
  4. 2007Founded Founded1
  5. 2007New chief executive Tom X. Lee becomes CEO1

Recent filings

  1. Feb 24, 20234 PRIMARY DOCUMENT
  2. Feb 24, 20234 PRIMARY DOCUMENT
  3. Feb 24, 20234 PRIMARY DOCUMENT
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  13. Feb 24, 20234 PRIMARY DOCUMENT
  14. Feb 22, 20238-K
  15. Feb 22, 202310-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2