Tempus AI, Inc.
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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.
Mar 31, 2025 · Filed May 6, 2025
TEM$80.54-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $151,603 | $340,954 |
| Accounts receivable, net of allowances of $1,477 and $1,141 at March 31, 2025 and December 31, 2024, respectively | 262,613 | 154,819 |
| Inventory | 50,485 | 38,386 |
| Prepaid expenses and other current assets | 42,086 | 26,135 |
| Marketable equity securities | 67,183 | 107,309 |
| Total current assets | $573,970 | $667,603 |
| Property and equipment, net | 93,536 | 58,056 |
| Goodwill | 325,774 | 73,343 |
| Intangible assets, net | 399,544 | 11,716 |
| Investments and other assets | 14,811 | 8,305 |
| Investment in joint venture | 94,153 | 91,450 |
| Operating lease right-of-use assets | 39,626 | 14,762 |
| Restricted cash | 1,723 | 881 |
| Total Assets | $1,543,137 | $926,116 |
| Liabilities, Convertible redeemable preferred stock, and Stockholders' equity | ||
| Current Liabilities | ||
| Accounts payable | 88,732 | 53,804 |
| Accrued expenses | 129,238 | 130,407 |
| Deferred revenue | 73,431 | 75,981 |
| Deferred other income | 15,955 | 15,955 |
| Other current liabilities | 18,194 | 6,964 |
| Operating lease liabilities | 9,420 | 6,459 |
| Accrued data licensing fees | 1,500 | 1,500 |
| Total current liabilities | $336,470 | $291,070 |
| Operating lease liabilities, less current portion | 47,567 | 26,199 |
| Convertible promissory note | 233,620 | 168,192 |
| Other long-term liabilities | 9,670 | 15,980 |
| Revolving credit facility | 100,000 | — |
| Interest payable | 1,470 | 70,450 |
| Long-term debt, net | 467,144 | 267,244 |
| Deferred other income, less current portion | 19,944 | 23,932 |
| Deferred revenue, less current portion | 1,058 | 6,710 |
| Total Liabilities | $1,216,943 | $869,777 |
| Commitments and contingencies (Note 8) | ||
|---|---|---|
| Convertible redeemable preferred stock, $0.0001 par value, 20,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively, no shares issued and outstanding at March 31, 2025 and December 31, 2024; aggregate liquidation preference of $0 at March 31, 2025 and December 31, 2024, respectively | $— | $— |
| Stockholders' equity | ||
| Class A Voting Common Stock, $0.0001 par value, 1,000,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively; 167,989,074 and 157,076,972 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 17 | 16 |
| Class B Voting Common Stock, $0.0001 par value, 5,500,000 shares authorized at March 31, 2025 and December 31, 2024, respectively; 5,043,789 issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Non-voting Common Stock, $0.0001 par value, no shares authorized at March 31, 2025 and December 31, 2024, respectively; no shares issued and outstanding at March 31, 2025, and December 31, 2024, respectively | — | — |
| Treasury Stock, 145,466 shares at March 31, 2025 and December 31, 2024, at cost | (3,602) | (3,602) |
| Additional Paid-In Capital | 2,543,957 | 2,210,664 |
| Accumulated Other Comprehensive Income | 4,692 | 94 |
| Accumulated deficit | (2,218,871) | (2,150,834) |
| Total Stockholders' equity | $326,194 | $56,339 |
| Total Liabilities, Convertible redeemable preferred stock, and Stockholders' equity | $1,543,137 | $926,116 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.