Tempus AI, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
TEM$80.54-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net revenue | |||
| Diagnostics | $955,381 | $451,749 | $363,022 |
| Data and applications(1) | 316,408 | 241,649 | 168,800 |
| Total net revenue | $1,271,789 | $693,398 | $531,822 |
| Cost and operating expenses | |||
| Cost of revenues, diagnostics | 386,102 | 243,467 | 189,165 |
| Cost of revenues, data and applications | 87,790 | 68,818 | 56,482 |
| Technology research and development | 146,107 | 167,519 | 95,155 |
| Research and development | 172,924 | 149,325 | 90,343 |
| Selling, general and administrative | 731,738 | 755,351 | 296,760 |
| Total cost and operating expenses | 1,524,661 | 1,384,480 | 727,905 |
| Loss from operations | $(252,872) | $(691,082) | $(196,083) |
| Interest income | 12,628 | 11,084 | 7,601 |
| Interest expense | (70,267) | (53,653) | (46,869) |
| Loss on debt extinguishment | (12,034) | — | — |
| Other income, net | 31,447 | 32,336 | 21,822 |
| Loss before benefit from (provision for) income taxes | $(291,098) | $(701,315) | $(213,529) |
| Benefit from (provision for) income taxes | 51,684 | (266) | (288) |
| Losses from equity method investments | (5,614) | (4,228) | (301) |
| Net Loss | $(245,028) | $(705,809) | $(214,118) |
| Accretion of convertible preferred stock to redemption value | — | — | (4,338) |
| Dividends on Series A, B, B-1, B-2, C, D, E, F, G, G-3, and G-4 preferred shares | — | (39,347) | (44,497) |
| Cumulative undeclared dividends on Series C preferred shares | — | (1,174) | (3,011) |
| Net loss attributable to common shareholders, basic and diluted | (245,028) | (746,330) | (265,964) |
| Net loss per share attributable to common shareholders, basic and diluted | $(1.41) | $(6.23) | $(4.20) |
| Weighted-average shares outstanding used to compute net loss per share, basic and diluted | 174,264 | 119,849 | 63,306 |
| Comprehensive Loss, net of tax | |||
| Net loss | $(245,028) | $(705,809) | $(214,118) |
| Foreign currency translation adjustment | 808 | 89 | (13) |
| Comprehensive loss | $(244,220) | $(705,720) | $(214,131) |
(1) Includes related party revenue of $65,251, $4,502 and $673 for theyears ended December 31, 2025, 2024 and 2023, respectively.
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