Tempus AI
TEM · NasdaqServices-Computer Programming, Data Processing, Etc. · Fiscal year ends Dec 31
Tempus AI reported revenue of $1.3B in the fiscal year ended Dec 2025, up 83.4% from the year before. Operating income was −$253M, an operating margin of −19.9%, and net income was −$245M. Operating cash flow of −$218M less capital expenditure of $21M left free cash flow of −$239M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | $321M | $532M | $693M | $1.3B |
| Research & development | $83M | $90M | $149M | $173M |
| Selling, general & admin | $233M | $297M | $755M | $732M |
| Operating income | −$265M | −$196M | −$691M | −$253M |
| Interest expense | $22M | $47M | $54M | $70M |
| Pre-tax income | −$289M | −$214M | −$701M | −$291M |
| Income tax | $66,000 | $288,000 | $266,000 | −$52M |
| Net income | −$290M | −$214M | −$706M | −$245M |
| Diluted EPS | −5.30 | −4.20 | −6.23 | −1.41 |
| Diluted shares | 0M | 0M | 0M | 0M |
Balance sheet
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash & equivalents | $303M | $166M | $341M | $605M |
| Receivables | – | $94M | $155M | $311M |
| Inventory | – | $29M | $38M | $52M |
| Current assets | – | $350M | $668M | $1.2B |
| Net PP&E | – | $62M | $58M | $89M |
| Goodwill | $53M | $73M | $73M | $470M |
| Total assets | – | $564M | $926M | $2.3B |
| Payables | – | $54M | $54M | $82M |
| Deferred revenue | – | $65M | $76M | $93M |
| Current liabilities | – | $233M | $291M | $372M |
| Total liabilities | – | $841M | $870M | $1.8B |
| Shareholders' equity | −$1.1B | −$1.4B | $56M | $491M |
Cash flow
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Operating cash flow | −$168M | −$214M | −$189M | −$218M |
| Capital expenditure | $18M | $35M | $22M | $21M |
| Free cash flow | −$187M | −$249M | −$211M | −$239M |
| Depreciation & amortisation | $17M | $21M | $26M | $32M |
| Stock-based compensation | $0 | $0 | $534M | $125M |
| Acquisitions | $40M | $6M | $0 | $377M |
| Dividends paid | $6M | $6M | $6M | $0 |
Key ratios
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue growth (YoY) | – | 65.8% | 30.4% | 83.4% |
| Operating margin | −82.8% | −36.9% | −99.7% | −19.9% |
| Net margin | −90.4% | −40.3% | −101.8% | −19.3% |
| Return on equityBlank when equity is negative | – | – | −1252.8% | −49.9% |
| ROCEEBIT ÷ (assets − current liabilities) | – | −59.2% | −108.8% | −13.3% |
| Free cash flow margin | −58.2% | −46.8% | −30.5% | −18.8% |
| Cash conversion (CFO ÷ net income) | 0.58x | 1.00x | 0.27x | 0.89x |
| Receivable days | – | 65 | 81 | 89 |
| Interest cover | −12.1x | −4.18x | −12.9x | −3.60x |
| Current ratio | – | 1.51x | 2.29x | 3.13x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.