Tempus AI, Inc. (TEM) Income Statement
TEM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTEM revenue and net income
Where TEM's revenue goes
2025Each bar shows an amount and its share of revenue. TEM kept −19.3% of revenue as net income.
TEM profit margins
TEM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +83.4% | +58.3% | +46.6% | — |
| Gross profit | +109.4% | +83.0% | +94.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TEM quarterly EPS vs estimates
Tempus AI beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $-0.30).
TEM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $693.4M | $531.8M | $320.7M | $257.9M | $188.0M | $62.1M |
| Cost of revenue | $473.9M | $312.3M | $245.6M | $190.5M | $174.2M | $159.3M | $46.0M |
| Gross profit | $797.9M | $381.1M | $286.2M | $130.2M | $83.6M | $28.7M | $16.0M |
| Research & development | $319.0M | $316.8M | $185.5M | $162.3M | $128.4M | $91.3M | $56.9M |
| Sales, general & admin | $715.4M | $755.4M | $296.8M | $233.4M | $199.0M | $130.9M | — |
| Total operating expenses | $1.05B | $1.07B | $482.3M | $395.6M | $327.4M | $222.2M | $135.8M |
| Operating income | −$252.9M | −$691.1M | −$196.1M | −$265.4M | −$243.7M | −$193.5M | −$119.8M |
| Interest income | $12.6M | $11.1M | $7.6M | $3.0M | $623,000 | $1.5M | — |
| Interest expense | $70.3M | $53.7M | $46.9M | $21.9M | $15.2M | $18.9M | $28,000 |
| Income before taxes | −$296.7M | −$705.5M | −$213.8M | −$289.7M | −$259.2M | −$209.9M | −$115.0M |
| Income taxes | −$51.7M | $266,000 | $288,000 | $66,000 | $604,000 | −$1.5M | $33.2M |
| Net income | −$245.0M | −$705.8M | −$214.1M | −$289.8M | −$259.2M | −$209.9M | −$115.0M |
| EBITDA | −$118.5M | −$610.4M | −$133.3M | −$236.8M | −$219.5M | −$169.4M | −$99.9M |
| EPS (diluted) | −$0.61 | −$2.04 | −$1.39 | −$1.71 | −$1.53 | −$3.34 | — |
| Gross margin | 62.7% | 55.0% | 53.8% | 40.6% | 32.4% | 15.3% | 25.9% |
| Operating margin | −19.9% | −99.7% | −36.9% | −82.8% | −94.5% | −102.9% | −193.0% |
| Net margin | −19.3% | −101.8% | −40.3% | −90.4% | −100.5% | −111.6% | −185.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $382.5M | $348.1M | $367.2M | $334.2M | $314.6M | $255.7M | $200.7M | $180.9M | $166.0M | $145.8M | $147.7M | $136.1M |
| Cost of revenue | $136.0M | $126.1M | $129.5M | $124.3M | $119.6M | $100.5M | $78.6M | $75.1M | $90.5M | $68.1M | $66.2M | $62.0M |
| Gross profit | $246.5M | $222.0M | $237.7M | $209.9M | $195.0M | $155.2M | $122.1M | $105.8M | $75.5M | $77.7M | $81.5M | $74.0M |
| Research & development | $96.6M | $94.2M | $90.6M | $83.0M | $76.1M | $69.3M | $61.5M | $58.0M | $145.9M | $51.4M | $48.7M | $47.4M |
| Sales, general & admin | $225.8M | $212.6M | $192.2M | $187.9M | $180.7M | $154.6M | $111.3M | $101.4M | $463.1M | $79.6M | $85.1M | $71.4M |
| Total operating expenses | $322.4M | $306.8M | $299.1M | $270.9M | $256.8M | $223.9M | $172.8M | $159.5M | $609.0M | $131.0M | $133.8M | $118.8M |
| Operating income | −$75.9M | −$84.7M | −$61.4M | −$61.0M | −$61.8M | −$68.7M | −$50.7M | −$53.6M | −$533.5M | −$53.3M | −$52.3M | −$44.8M |
| Interest income | $3.9M | $3.9M | $5.1M | $4.6M | $1.1M | $1.8M | $3.5M | $4.8M | $1.7M | $1.0M | $1.7M | $1.5M |
| Interest expense | $10.3M | $14.3M | $15.3M | $15.4M | $21.6M | $18.0M | $13.4M | $13.8M | $13.3M | $13.2M | $13.6M | $12.3M |
| Income before taxes | $6.0M | −$126.0M | −$60.2M | −$79.7M | −$42.6M | −$114.2M | −$12.9M | −$75.8M | −$552.1M | −$64.7M | −$50.3M | −$53.4M |
| Income taxes | $309,000 | −$62,000 | −$6.0M | $276,000 | $212,000 | −$46.2M | $122,000 | $38,000 | $95,000 | $11,000 | $214,000 | $65,000 |
| Net income | $5.6M | −$125.9M | −$54.2M | −$80.0M | −$42.8M | −$68.0M | −$13.0M | −$75.8M | −$552.2M | −$64.7M | −$50.5M | −$53.4M |
| EBITDA | $45.1M | −$82.4M | −$14.8M | −$38.8M | $9.1M | −$74.0M | $12.5M | −$50.9M | −$529.7M | −$42.3M | −$28.1M | −$32.6M |
| EPS (diluted) | −$0.35 | −$0.13 | −$0.04 | −$0.11 | −$0.22 | −$0.24 | −$0.18 | −$0.25 | −$0.63 | −$0.98 | — | — |
| Gross margin | 64.4% | 63.8% | 64.7% | 62.8% | 62.0% | 60.7% | 60.8% | 58.5% | 45.5% | 53.3% | 55.2% | 54.4% |
| Operating margin | −19.8% | −24.3% | −16.7% | −18.3% | −19.6% | −26.9% | −25.3% | −29.6% | −321.4% | −36.5% | −35.4% | −32.9% |
| Net margin | 1.5% | −36.2% | −14.8% | −23.9% | −13.6% | −26.6% | −6.5% | −41.9% | −332.7% | −44.4% | −34.2% | −39.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TEM's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TEM financial results
In fiscal year 2025 (ended December 31, 2025), Tempus AI reported revenue of $1.3 billion, up 83.4% from the year before. It had a net loss of $245.0 million, a net profit margin of −19.3%. Diluted earnings per share came to −$0.61. Over five years revenue grew at an average rate of 46.6% a year.
See the TEM stock overview for the latest quote and news, or the TEM chart for price history and technical indicators.
TEM income statement FAQ
What is Tempus AI's annual revenue?
Tempus AI reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 83.4% from $693.4 million the previous year.
Is Tempus AI profitable?
No. Tempus AI reported a net loss of $245.0 million in fiscal 2025, a net profit margin of −19.3%; its operating margin was −19.9%.
What is Tempus AI's gross margin?
Tempus AI's gross margin was 62.7% in fiscal 2025: for every $100 of revenue, Tempus AI kept $63 after the direct cost of its products and services.
How much does Tempus AI spend on research and development?
Tempus AI spent $319.0 million on research and development in fiscal 2025, 25.1% of revenue.
How fast is Tempus AI growing?
Revenue grew 46.6% a year on average over the last five fiscal years, from $188.0 million to $1.3 billion.
What are Tempus AI's earnings per share?
Tempus AI earned $-0.61 per diluted share in fiscal 2025, compared with $-2.04 a year earlier.
When will Tempus AI report its next earnings?
Tempus AI is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Tempus AI's fiscal year end?
Tempus AI's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.