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| Date | Value |
|---|---|
| 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 |