Tempus AI Financials
This page shows Tempus AI (TEM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tempus AI has an operating margin of -19.9%, meaning the company retains $-20 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -99.7% the prior year.
Tempus AI's revenue surged 83.4% year-over-year to $1.3B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Tempus AI has elevated debt relative to equity (D/E of 3.63), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 28/100, reflecting increased financial risk.
Tempus AI's current ratio of 3.13 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.
While Tempus AI generated -$218.1M in operating cash flow, capex of $21.0M consumed most of it, leaving -$239.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Tempus AI generates a -49.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -1252.8% the prior year.
Tempus AI passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Tempus AI generates $0.89 in operating cash flow (-$218.1M OCF vs -$245.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tempus AI earns $-3.6 in operating income for every $1 of interest expense (-$252.9M vs $70.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Tempus AI generated $1.3B in revenue in fiscal year 2025. This represents an increase of 83.4% from the prior year.
Tempus AI's EBITDA was -$220.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.8% from the prior year.
Tempus AI reported -$245.0M in net income in fiscal year 2025. This represents an increase of 65.3% from the prior year.
Tempus AI earned $-1.41 per diluted share (EPS) in fiscal year 2025. This represents an increase of 77.4% from the prior year.
Cash & Balance Sheet
Tempus AI generated -$239.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 13.2% from the prior year.
Tempus AI held $604.8M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Tempus AI's operating margin was -19.9% in fiscal year 2025, reflecting core business profitability. This is up 79.8 percentage points from the prior year.
Tempus AI's net profit margin was -19.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 82.5 percentage points from the prior year.
Tempus AI's ROE was -49.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1202.9 percentage points from the prior year.
Capital Allocation
Tempus AI invested $172.9M in research and development in fiscal year 2025. This represents an increase of 15.8% from the prior year.
Tempus AI spent $3.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Tempus AI invested $21.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 4.8% from the prior year.
TEM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $367.2M+9.9% | $334.2M+6.2% | $314.6M+23.0% | $255.7M+27.4% | $200.7M+10.9% | $180.9M+9.0% | $166.0M+13.8% | $145.8M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $50.5M+12.3% | $45.0M+8.0% | $41.6M+16.0% | $35.9M+21.1% | $29.6M+8.3% | $27.3M-59.8% | $68.0M+179.5% | $24.3M |
| SG&A Expenses | $208.5M+11.0% | $187.9M+4.0% | $180.7M+16.9% | $154.6M+38.9% | $111.3M+9.7% | $101.4M-78.1% | $463.1M+482.0% | $79.6M |
| Operating Income | -$61.4M-0.7% | -$61.0M+1.3% | -$61.8M+10.1% | -$68.7M-35.5% | -$50.7M+5.4% | -$53.6M+89.9% | -$533.5M-901.4% | -$53.3M |
| Interest Expense | $15.3M-0.7% | $15.4M-28.6% | $21.6M+19.9% | $18.0M+34.8% | $13.4M-2.9% | $13.8M+3.5% | $13.3M+0.4% | $13.2M |
| Income Tax | -$6.0M-2271.0% | $276K+30.2% | $212K+100.5% | -$46.2M-37952.5% | $122K+221.1% | $38K-60.0% | $95K+763.6% | $11K |
| Net Income | -$54.2M+32.3% | -$80.0M-86.7% | -$42.8M+37.0% | -$68.0M-422.8% | -$13.0M+82.8% | -$75.8M+86.3% | -$552.2M-752.9% | -$64.7M |
| EPS (Diluted) | N/A | $-0.46-84.0% | $-0.25+37.5% | $-0.40 | N/A | $-0.46+93.3% | $-6.86-366.7% | $-1.47 |
TEM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B-0.3% | $2.3B+40.4% | $1.6B+5.3% | $1.5B+66.6% | $926.1M-4.7% | $971.7M+12.4% | $864.6M | N/A |
| Current Assets | $1.2B+1.8% | $1.1B+78.0% | $644.2M+12.2% | $574.0M-14.0% | $667.6M-1.7% | $679.4M+1.2% | $671.4M | N/A |
| Cash & Equivalents | $604.8M-7.8% | $655.9M+252.1% | $186.3M+22.9% | $151.6M-55.5% | $341.0M-12.1% | $388.0M-19.0% | $478.8M+498.9% | $79.9M |
| Inventory | $51.7M-5.9% | $55.0M+15.5% | $47.6M-5.7% | $50.5M+31.5% | $38.4M+6.2% | $36.1M+10.5% | $32.7M | N/A |
| Accounts Receivable | $311.2M+9.7% | $283.6M+6.5% | $266.3M+1.4% | $262.6M+69.6% | $154.8M+6.3% | $145.6M+23.3% | $118.1M | N/A |
| Goodwill | $470.2M+1.1% | $465.1M+42.8% | $325.8M0.0% | $325.8M+344.2% | $73.3M0.0% | $73.4M0.0% | $73.3M | N/A |
| Total Liabilities | $1.8B+0.6% | $1.8B+34.8% | $1.3B+8.1% | $1.2B+39.9% | $869.8M-5.3% | $918.0M+19.8% | $766.4M | N/A |
| Current Liabilities | $372.4M+6.4% | $350.0M-16.3% | $418.2M+24.3% | $336.5M+15.6% | $291.1M+15.2% | $252.6M+39.1% | $181.6M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $491.3M-3.2% | $507.8M+64.0% | $309.6M-5.1% | $326.2M+479.0% | $56.3M+4.9% | $53.7M-45.3% | $98.3M+106.7% | -$1.5B |
| Retained Earnings | -$2.4B-2.3% | -$2.3B-3.5% | -$2.3B-1.9% | -$2.2B-3.2% | -$2.2B-0.6% | -$2.1B-3.7% | -$2.1B | N/A |
TEM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$36.8M+69.3% | -$119.8M-371.4% | $44.2M+141.8% | -$105.6M-169.1% | -$39.3M-180.7% | $48.7M+150.1% | -$97.1M+4.2% | -$101.4M |
| Capital Expenditures | $4.8M-29.1% | $6.7M-10.8% | $7.5M+262.3% | $2.1M-74.0% | $8.0M+18416.3% | $43K-99.5% | $8.0M+31.1% | $6.1M |
| Free Cash Flow | -$41.5M+67.2% | -$126.5M-445.3% | $36.6M+134.0% | -$107.7M-128.1% | -$47.2M-197.1% | $48.6M+146.3% | -$105.1M+2.2% | -$107.5M |
| Investing Cash Flow | -$10.7M-364.1% | -$2.3M+75.7% | -$9.5M+97.5% | -$375.8M-4620.1% | -$8.0M+93.9% | -$131.4M-1541.0% | -$8.0M-147.1% | $17.0M |
| Financing Cash Flow | -$3.6M-100.6% | $594.7M | $0-100.0% | $293.0M+163810.6% | -$179K+97.8% | -$8.1M-101.6% | $504.0M+36675.4% | -$1.4M |
| Dividends Paid | $0 | $0 | N/A | N/A | $0 | $0-100.0% | $11.5M-58.5% | $27.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $0 | N/A | N/A |
TEM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -16.7%+1.5pp | -18.3%+1.4pp | -19.6%+7.2pp | -26.9%-1.6pp | -25.3%+4.4pp | -29.6%+291.8pp | -321.4%-284.9pp | -36.5% |
| Net Margin | -14.8%+9.2pp | -23.9%-10.3pp | -13.6%+13.0pp | -26.6%-20.1pp | -6.5%+35.4pp | -41.9%+290.8pp | -332.7%-288.3pp | -44.4% |
| Return on Equity | -11.0%+4.7pp | -15.8%-1.9pp | -13.8%+7.0pp | -20.9%+2.2pp | -23.1%+118.1pp | -141.2%+420.9pp | -562.0% | N/A |
| Return on Assets | -2.4%+1.1pp | -3.5%-0.9pp | -2.6%+1.8pp | -4.4%-3.0pp | -1.4%+6.4pp | -7.8%+56.1pp | -63.9% | N/A |
| Current Ratio | 3.13-0.1 | 3.28+1.7 | 1.54-0.2 | 1.71-0.6 | 2.29-0.4 | 2.69-1.0 | 3.70 | N/A |
| Debt-to-Equity | 3.63+0.1 | 3.49-0.8 | 4.25+0.5 | 3.73-11.7 | 15.44-1.6 | 17.09+9.3 | 7.80 | N/A |
| FCF Margin | -11.3%+26.6pp | -37.9%-49.5pp | 11.7%+53.8pp | -42.1%-18.6pp | -23.5%-50.4pp | 26.9%+90.2pp | -63.3%+10.4pp | -73.7% |
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Frequently Asked Questions
What is Tempus AI's annual revenue?
Tempus AI (TEM) reported $1.3B in total revenue for fiscal year 2025. This represents a 83.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tempus AI's revenue growing?
Tempus AI (TEM) revenue grew by 83.4% year-over-year, from $693.4M to $1.3B in fiscal year 2025.
Is Tempus AI profitable?
No, Tempus AI (TEM) reported a net income of -$245.0M in fiscal year 2025, with a net profit margin of -19.3%.
What is Tempus AI's EBITDA?
Tempus AI (TEM) had EBITDA of -$220.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tempus AI's operating margin?
Tempus AI (TEM) had an operating margin of -19.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tempus AI's net profit margin?
Tempus AI (TEM) had a net profit margin of -19.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Tempus AI's return on equity (ROE)?
Tempus AI (TEM) has a return on equity of -49.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tempus AI's free cash flow?
Tempus AI (TEM) generated -$239.1M in free cash flow during fiscal year 2025. This represents a -13.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tempus AI's operating cash flow?
Tempus AI (TEM) generated -$218.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tempus AI's total assets?
Tempus AI (TEM) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tempus AI's capital expenditures?
Tempus AI (TEM) invested $21.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Tempus AI spend on research and development?
Tempus AI (TEM) invested $172.9M in research and development during fiscal year 2025.
What is Tempus AI's current ratio?
Tempus AI (TEM) had a current ratio of 3.13 as of fiscal year 2025, which is generally considered healthy.
What is Tempus AI's debt-to-equity ratio?
Tempus AI (TEM) had a debt-to-equity ratio of 3.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tempus AI's return on assets (ROA)?
Tempus AI (TEM) had a return on assets of -10.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tempus AI's cash runway?
Based on fiscal year 2025 data, Tempus AI (TEM) had $604.8M in cash against an annual operating cash burn of $218.1M. This gives an estimated cash runway of approximately 33 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Tempus AI's Piotroski F-Score?
Tempus AI (TEM) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tempus AI's earnings high quality?
Tempus AI (TEM) has an earnings quality ratio of 0.89x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tempus AI cover its interest payments?
Tempus AI (TEM) has an interest coverage ratio of -3.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tempus AI?
Tempus AI (TEM) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.