Tempus AI (TEM) financial statements
Tempus AI reported revenue of $1.3B in fiscal 2025, up 58.3% a year over 3 years.
Net income was -$245M and the operating margin -19.9%, against -82.8% in 2022.
Free cash flow was -$239M.
The diluted share count rose 176% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Tempus AI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $321M | $532M | $693M | $1.3B |
| Research and development | $83M | $90M | $149M | $173M |
| Selling, general and admin | $233M | $297M | $755M | $732M |
| Operating income | -$265M | -$196M | -$691M | -$253M |
| Interest expense | $22M | $47M | $54M | $70M |
| Pre-tax income | -$289M | -$214M | -$701M | -$291M |
| Income tax | $66,000 | $288,000 | $266,000 | -$52M |
| Net income | -$290M | -$214M | -$706M | -$245M |
| EPS (diluted) | -$5.30 | -$4.20 | -$6.23 | -$1.41 |
| Diluted shares | 63M | 63M | 120M | 174M |
| Operating margin | -82.8% | -36.9% | -99.7% | -19.9% |
| Net margin | -90.4% | -40.3% | -101.8% | -19.3% |
Balance sheet
Fiscal years, from Tempus AI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $303M | $166M | $341M | $605M |
| Receivables | — | $94M | $155M | $311M |
| Inventory | — | $29M | $38M | $52M |
| Total current assets | — | $350M | $668M | $1.2B |
| Property, plant and equipment | — | $62M | $58M | $89M |
| Goodwill | $53M | $73M | $73M | $470M |
| Total assets | — | $564M | $926M | $2.3B |
| Total current liabilities | — | $233M | $291M | $372M |
| Total liabilities | — | $841M | $870M | $1.8B |
| Shareholders' equity | -$1.1B | -$1.4B | $56M | $491M |
| Net debt | -$303M | -$166M | -$341M | -$605M |
Cash flow
Fiscal years, from Tempus AI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | -$168M | -$214M | -$189M | -$218M |
| Capital spending | $18M | $35M | $22M | $21M |
| Free cash flow | -$187M | -$249M | -$211M | -$239M |
| Stock-based compensation | $0 | $0 | $534M | $125M |
| Dividends paid | $6M | $6M | $6M | $0 |
| Net borrowing | — | $0 | $0 | -$277M |
| Free cash flow margin | -58.2% | -46.8% | -30.5% | -18.8% |
| Dividends per share | $0.09 | $0.09 | $0.05 | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TEM.
Open TEM in InvestinglyQuestions
What was Tempus AI's revenue in 2025?
$1.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Tempus AI generate?
-$239M in fiscal 2025 (operating cash flow minus capital spending).
From Tempus AI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.