$TEM
Tempus AI, Inc.
CIK:0001717115|SEC Filings
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||||
| Net revenue | ||||||||
| Total net revenue | $ 382,486 | $ 314,635 | $ 730,602 | $ 570,372 | ||||
| Cost and operating expenses | ||||||||
| Technology research and development | 43,929 | 34,482 | 89,850 | 67,873 | ||||
| Research and development | 52,637 | 41,619 | 100,874 | 77,493 | ||||
| Selling, general and administrative | 225,845 | 180,712 | 438,439 | 335,339 | ||||
| Total cost and operating expenses | 458,399 | 376,409 | 891,226 | 700,835 | ||||
| Loss from operations | (75,913) | (61,774) | (160,624) | (130,463) | ||||
| Interest income | 3,897 | 1,093 | 7,763 | 2,906 | ||||
| Interest expense | (10,283) | (21,579) | (24,624) | (39,582) | ||||
| Loss on debt extinguishment | (11,643) | 0 | (11,643) | 0 | ||||
| Other income, net | 102,757 | 41,729 | 75,048 | 14,274 | ||||
| Income (loss) before (provision for) benefit from income taxes | 8,815 | (40,531) | (114,080) | (152,865) | ||||
| (Provision for) benefit from income taxes | (309) | (212) | (247) | 45,968 | ||||
| Losses from equity method investments | (2,864) | (2,100) | (5,950) | (3,983) | ||||
| Net income (loss) | $ 5,642 | $ (42,843) | $ (120,277) | $ (110,880) | ||||
| Net income (loss) per share, basic | $ 0.03 | $ (0.25) | $ (0.67) | $ (0.64) | ||||
| Net income (loss) per share, diluted | $ 0.03 | $ (0.25) | $ (0.67) | $ (0.64) | ||||
| Weighted-average shares outstanding used to compute net income (loss) per share, basic | 179,917 | 173,381 | 179,404 | 171,960 | ||||
| Weighted-average shares outstanding used to compute net income (loss) per share, diluted | 182,397 | 173,381 | 179,404 | 171,960 | ||||
| Comprehensive income (loss), net of tax | ||||||||
| Net Income (Loss) | $ 5,642 | $ (42,843) | $ (120,277) | $ (110,880) | ||||
| Foreign currency translation adjustment | (1,033) | 3,756 | (2,843) | 8,354 | ||||
| Comprehensive income (loss) | 4,609 | (39,087) | (123,120) | (102,526) | ||||
| Diagnostics [Member] | ||||||||
| Net revenue | ||||||||
| Total net revenue | [1] | 289,333 | 241,843 | 550,431 | 435,647 | |||
| Cost and operating expenses | ||||||||
| Cost of revenues | 108,233 | 99,756 | 209,193 | 184,539 | ||||
| Data and applications [Member] | ||||||||
| Net revenue | ||||||||
| Total net revenue | [2] | 93,153 | 72,792 | 180,171 | 134,725 | |||
| Cost and operating expenses | ||||||||
| Cost of revenues | $ 27,755 | $ 19,840 | $ 52,870 | $ 35,591 | ||||
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Condensed Consolidated Balance Sheets - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
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|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash and cash equivalents | $ 599,614,000 | $ 604,787,000 | ||||
| Accounts receivable(1), net of allowances of $2,794 and $2,755 at June 30, 2026 and December 31, 2025, respectively | [1] | 360,924,000 | 311,170,000 | |||
| Inventory | 53,512,000 | 51,724,000 | ||||
| Related party asset | 17,500,000 | 8,785,000 | ||||
| Prepaid expenses and other current assets | 42,938,000 | 40,498,000 | ||||
| Marketable equity securities | 216,377,000 | 150,211,000 | ||||
| Total current assets | 1,290,865,000 | 1,167,175,000 | ||||
| Property and equipment, net | 89,066,000 | 89,156,000 | ||||
| Goodwill | 470,166,000 | 470,211,000 | ||||
| Intangible assets, net | 312,457,000 | 349,202,000 | ||||
| Capitalized software, net | 19,772,000 | 6,051,000 | ||||
| Investments and other assets | 17,164,000 | 21,111,000 | ||||
| Investment in joint venture | 77,811,000 | 86,557,000 | ||||
| Investment in related party | 8,750,000 | 0 | ||||
| Related party asset, less current portion | 14,583,000 | 16,215,000 | ||||
| Operating lease right-of-use assets | 60,553,000 | 64,496,000 | ||||
| Restricted cash | 4,724,000 | 4,664,000 | ||||
| Total Assets | 2,365,911,000 | 2,274,838,000 | ||||
| Current Liabilities | ||||||
| Accounts payable | 73,818,000 | 81,994,000 | ||||
| Related party payable | 10,000,000 | 0 | ||||
| Accrued expenses | 181,271,000 | 155,370,000 | ||||
| Deferred revenue | [2] | 87,251,000 | 92,673,000 | |||
| Deferred other income | 15,955,000 | 15,955,000 | ||||
| Other current liabilities | 8,293,000 | 8,680,000 | ||||
| Operating lease liabilities | 12,192,000 | 13,355,000 | ||||
| Accrued data licensing fees | 2,712,000 | 4,361,000 | ||||
| Total current liabilities | 391,492,000 | 372,388,000 | ||||
| Operating lease liabilities, less current portion | 71,266,000 | 74,272,000 | ||||
| Convertible promissory note | 187,929,000 | 208,672,000 | ||||
| Other long-term liabilities | 56,270,000 | 56,600,000 | ||||
| Revolving credit facility | 0 | 100,000,000 | ||||
| Interest payable | 19,155,000 | 12,393,000 | ||||
| Long-term debt, net | 0 | 202,753,000 | ||||
| Convertible senior notes, net | 1,172,781,000 | 728,078,000 | ||||
| Deferred other income, less current portion | 0 | 7,977,000 | ||||
| Deferred revenue, less current portion | 22,084,000 | 20,379,000 | ||||
| Total Liabilities | 1,920,977,000 | 1,783,512,000 | ||||
| Commitments and contingencies | ||||||
| Convertible redeemable preferred stock, $0.0001 par value, 20,000,000 shares authorized at March 31, 2026 and December 31, 2025, respectively, no shares issued and outstanding at March 31, 2026 and December 31, 2025 | 0 | 0 | ||||
| Stockholders' equity | ||||||
| Treasury Stock, 183,229 shares at March 31, 2026 and December 31, 2025, respectively, at cost | (6,642,000) | (6,642,000) | ||||
| Additional Paid-In Capital | 2,969,637,000 | 2,892,910,000 | ||||
| Accumulated Other Comprehensive (Loss) Income | (1,941,000) | 902,000 | ||||
| Accumulated deficit | (2,516,139,000) | (2,395,862,000) | ||||
| Total Stockholders' equity | 444,934,000 | 491,326,000 | ||||
| Total Liabilities, Convertible redeemable preferred stock, and Stockholders' equity | 2,365,911,000 | 2,274,838,000 | ||||
| Common Class A [Member] | ||||||
| Stockholders' equity | ||||||
| Common stock value issued | 18,000 | 17,000 | ||||
| Common Class B [Member] | ||||||
| Stockholders' equity | ||||||
| Common stock value issued | $ 1,000 | $ 1,000 | ||||
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