Tempus AI (TEM) Cost of Revenue (2023 - 2026)

Tempus AI's (TEM) quarterly Cost of Revenue came in at $25.1 million in Q1 2026, up 59.45% year-on-year from $15.8 million in Q1 2025, and down 5.5% on a QoQ basis from $26.6 million in Q4 2025.

Tempus AI (TEM) Cost of Revenue (2023 - 2026) Analysis & Trends

Tempus AI (TEM) has 4 years of Cost of Revenue data on file, last reported at $25.1 million in Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 59.45% year-over-year to $25.1 million in Q1 2026; TTM through Mar 2026 was $170.2 million, a 49.24% decrease from a year earlier, with the FY2025 full-year figure at $87.8 million, down 63.94% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $25.1 million, down from $26.6 million in the prior quarter.
  • Over the last five years, Cost of Revenue for TEM reached as high as $191.1 million in Q4 2024 and fell as low as $15.8 million in Q1 2025.
  • Historically, Cost of Revenue has averaged $66.7 million across 4 years, with a median of $49.9 million in 2023.
  • On a YoY basis, Cost of Revenue climbed as much as 64.06% in 2025 and fell as far as 86.09% in 2025.
  • Year by year, Cost of Revenue stood at $148.5 million in 2023, then gained by 28.7% to $191.1 million in 2024, then tumbled by 86.09% to $26.6 million in 2025, then fell by 5.5% to $25.1 million in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $25.1 million in Q1 2026, $26.6 million in Q4 2025, and $98.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 220.92 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 260.92 Mn
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 98.33 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 28.07 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 44.67 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 357.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 97.04 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 19.41 Mn
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Tempus AI 7.66 Mn -631.42 Mn 323.00 Mn 25.12 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.12 Mn
Mar 31, 2026 25.12 Mn
Dec 31, 2025 26.58 Mn
Dec 31, 2025 26.58 Mn
Sep 30, 2025 98.64 Mn
Sep 30, 2025 98.64 Mn
Jun 30, 2025 19.84 Mn
Jun 30, 2025 19.84 Mn
Mar 31, 2025 15.75 Mn
Mar 31, 2025 15.75 Mn
Dec 31, 2024 191.08 Mn
Dec 31, 2024 191.08 Mn
Sep 30, 2024 60.13 Mn
Sep 30, 2024 60.13 Mn
Jun 30, 2024 68.32 Mn
Jun 30, 2024 68.32 Mn
Mar 31, 2024 52.84 Mn
Mar 31, 2024 52.84 Mn
Dec 31, 2023 148.48 Mn
Dec 31, 2023 148.48 Mn