Tempus AI (TEM) Cost of Revenue (2023 - 2026)
Tempus AI's Cost of Revenue was $144.84 million in Q3 2026, up 16.6% from $124.26 million a year earlier and up 6.5% from the prior quarter.
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Analysis
Tempus AI (TEM) Cost of Revenue (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tempus AI's Cost of Revenue was $536.4 million through Sep 30, 2026, up 26.8% year-over-year; for FY2025, it came in at $473.89 million, up 51.7% from FY2024.
- Cost of Revenue has now increased for three consecutive years, with a three-year compound annual growth rate of 35.5% (FY2022 to FY2025).
- In earlier years, Cost of Revenue was $312.29 million in FY2024 (+27.1%), $245.65 million in FY2023 (+29.0%) and $190.48 million in FY2022.
- The Q3 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q2 2023.
- Compared with a year earlier, Cost of Revenue has increased for ten straight quarters, with growth averaging 35.6% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 13.7% in Q2 2026 to 65.5% in Q3 2025.
- Per Business Quant data, TEM's Cost of Revenue in the three quarters before Q3 2026 was $135.99 million (Q2 2026), $126.08 million (Q1 2026) and $129.5 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | - |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | 280.51 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 2.70 Bn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 2.06 Bn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | - |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | 124.82 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 278.27 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | 144.84 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | - |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 2.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 144.84 Mn |
| Jun 30, 2026 | 135.99 Mn |
| Mar 31, 2026 | 126.08 Mn |
| Dec 31, 2025 | 129.50 Mn |
| Sep 30, 2025 | 124.26 Mn |
| Jun 30, 2025 | 119.60 Mn |
| Mar 31, 2025 | 100.53 Mn |
| Dec 31, 2024 | 78.62 Mn |
| Sep 30, 2024 | 75.09 Mn |
| Jun 30, 2024 | 90.46 Mn |
| Mar 31, 2024 | 68.12 Mn |
| Dec 31, 2023 | 66.18 Mn |
| Sep 30, 2023 | 62.03 Mn |
| Jun 30, 2023 | 60.77 Mn |
API Access
Tempus AI Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TEM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();