Tempus AI Inc

For the period ended Sep 30, 2024. Filed Nov 4, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 4, 2024

TEM$80.54-4.6%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Balance Sheets

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30,2024	December 31,2023
Assets
Current Assets
Cash and cash equivalents	$388,006	$165,767
Accounts receivable, net of allowances of $1,154 and $1,115 at September 30, 2024 and December 31, 2023, respectively	145,616	94,462
Inventory	36,138	28,845
Warrant asset	—	5,070
Prepaid expenses and other current assets	31,335	17,295
Marketable equity securities	78,317	31,807
Deferred offering costs	—	7,085
Total current assets	$679,412	$350,331
Property and equipment, net	59,392	61,681
Goodwill	73,365	73,354
Warrant asset, less current portion	—	4,930
Intangible assets, net	14,289	21,916
Investments and other assets	8,692	8,971
Investment in joint venture	103,699	—
Warrant contract asset, less current portion	17,866	21,499
Operating lease right-of-use assets	14,141	20,530
Restricted cash	872	840
Total Assets	$971,728	$564,052
Liabilities, Convertible redeemable preferred stock, and Stockholders' equity (deficit)
Current Liabilities
Accounts payable	49,027	54,421
Accrued expenses	101,985	82,517
Deferred revenue	67,604	64,860
Deferred other income	15,955	—
Other current liabilities	9,913	8,213
Operating lease liabilities	5,894	6,437
Accrued data licensing fees	2,242	6,382
Accrued dividends	—	9,797
Total current liabilities	$252,620	$232,627
Operating lease liabilities, less current portion	26,664	32,040
Convertible promissory note	174,460	193,124
Warrant liability	76,900	34,500
Other long-term liabilities	15,403	19,751
Interest payable	66,529	55,321
Long-term debt, net	264,527	256,541
Deferred other income, less current portion	27,921	—
Deferred revenue, less current portion	12,976	16,768
Total Liabilities	$918,000	$840,672
Commitments and contingencies (Note 8)
Convertible redeemable preferred stock, $0.0001 par value, no and 69,803,765 shares authorized at September 30, 2024 and December 31, 2023, respectively; no and 63,525,953 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $0 and $1,130,429 at September 30, 2024 and December 31, 2023, respectively	—	1,105,543

Stockholders' equity (deficit)
Class A Voting Common Stock, $0.0001 par value, 1,000,000,000 and 200,228,024 shares authorized at September 30, 2024 and December 31, 2023, respectively; 150,280,363 and 58,367,961 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	$15	$6
Class B Voting Common Stock, $0.0001 par value, 5,500,000 and 5,374,899 shares authorized at September 30, 2024 and December 31, 2023, respectively; 5,043,789 and no shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	1	—
Non-voting Common Stock, $0.0001 par value, no and 66,946,627 shares authorized at September 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding at September 30, 2024, and 5,205,802 shares issued and 5,060,336 shares outstanding at December 31, 2023	—	0
Treasury Stock, 145,466 shares at September 30, 2024 and December 31, 2023, at cost	(3,602)	(3,602)
Additional Paid-In Capital	2,184,926	18,345
Accumulated Other Comprehensive Income	10,208	5
Accumulated deficit	(2,137,820)	(1,396,917)
Total Stockholders' equity (deficit)	$53,728	$(1,382,163)
Total Liabilities, Convertible redeemable preferred stock, and Stockholders' equity (deficit)	$971,728	$564,052

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.