Tempus AI, Inc.
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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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.
Sep 30, 2026 · Filed Nov 2, 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
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $590,479 | $604,787 |
| Accounts receivable(1), net of allowances of $4,378 and $2,755 at September 30, 2026 and December 31, 2025, respectively | 380,744 | 311,170 |
| Inventory | 53,773 | 51,724 |
| Related party asset | 17,500 | 8,785 |
| Prepaid expenses and other current assets | 47,507 | 40,498 |
| Marketable equity securities | 46,874 | 150,211 |
| Total current assets | $1,136,877 | $1,167,175 |
| Property and equipment, net | 95,186 | 89,156 |
| Goodwill | 488,142 | 470,211 |
| Intangible assets, net | 293,815 | 349,202 |
| Capitalized software, net | 40,561 | 6,051 |
| Marketable equity securities, less current portion | 212,276 | — |
| Investments and other assets | 16,241 | 21,111 |
| Investment in joint venture | 77,635 | 86,557 |
| Investment in related party | 17,500 | — |
| Related party asset, less current portion | 10,208 | 16,215 |
| Operating lease right-of-use assets | 58,402 | 64,496 |
| Restricted cash | 4,755 | 4,664 |
| Total Assets | $2,451,598 | $2,274,838 |
| Liabilities, Convertible redeemable preferred stock, and Stockholders' equity | ||
| Current Liabilities | ||
| Accounts payable | 70,506 | 81,994 |
| Related party payable | 10,000 | — |
| Accrued expenses | 232,976 | 155,370 |
| Deferred revenue(2) | 85,931 | 92,673 |
| Deferred other income(3) | 11,966 | 15,955 |
| Other current liabilities | 12,146 | 8,680 |
| Operating lease liabilities | 11,584 | 13,355 |
| Accrued data licensing fees | 1,296 | 4,361 |
| Total current liabilities | $436,405 | $372,388 |
(1)Includes related party accounts receivable from Pathos AI, Inc. of $12,092 and $6,428 as of September 30, 2026 and December 31, 2025, respectively. Refer to Note 16, Related Parties. Also includes related party accounts receivable from SB Tempus Corp. of $318 and $173 as of September 30, 2026 and December 31, 2025, respectively. Refer to Note 7, Joint Venture.
(2)Includes related party deferred revenue from Pathos AI, Inc. of $103 and $3,938 as of September 30, 2026 and December 31, 2025, respectively. Refer to Note 16, Related Parties. Also includes related party deferred revenue from SB Tempus Corp. of $0 and $6,235 as of September 30, 2026 and December 31, 2025, respectively. Refer to Note 7, Joint Venture.
(3)Deferred other income balances solely related to SB Tempus Corp. Refer to Note 7, Joint Venture.
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Operating lease liabilities, less current portion | 69,483 | 74,272 |
| Convertible promissory note | 175,967 | 208,672 |
| Other long-term liabilities | 51,449 | 56,600 |
| Revolving credit facility | — | 100,000 |
| Interest payable | 22,501 | 12,393 |
| Long-term debt, net | — | 202,753 |
| Convertible senior notes, net | 1,174,877 | 728,078 |
| Deferred other income, less current portion(3) | — | 7,977 |
| Deferred revenue, less current portion | 20,514 | 20,379 |
| Total Liabilities | $1,951,196 | $1,783,512 |
| Commitments and contingencies (Note 8) | ||
| Convertible redeemable preferred stock, $0.0001 par value, 20,000,000 shares authorized at September 30, 2026 and December 31, 2025, respectively, no shares outstanding at September 30, 2026 and December 31, 2025 | $— | $— |
| Stockholders' equity | ||
| Class A Common Stock, $0.0001 par value, 1,000,000,000 shares authorized at September 30, 2026 and December 31, 2025, respectively; 177,182,062 and 173,235,428 shares outstanding at September 30, 2026 and December 31, 2025, respectively | 18 | 17 |
| Class B Common Stock, $0.0001 par value, 5,500,000 shares authorized at September 30, 2026 and December 31, 2025, respectively; 5,043,789 outstanding at September 30, 2026 and December 31, 2025, respectively | 1 | 1 |
| Treasury Stock, 203,431 and 183,229 shares at September 30, 2026 and December 31, 2025, respectively, at cost | (6,642) | (6,642) |
| Additional paid-in capital | 3,037,849 | 2,892,910 |
| Accumulated other comprehensive income | 166 | 902 |
| Accumulated deficit | (2,530,990) | (2,395,862) |
| Total Stockholders' equity | $500,402 | $491,326 |
| Total Liabilities, Convertible redeemable preferred stock, and Stockholders' equity | $2,451,598 | $2,274,838 |
(3)Deferred other income balances solely related to SB Tempus Corp. Refer to Note 7, Joint Venture.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.