Tempus AI (TEM) Operating Expenses (2023 - 2026)
Tempus AI's (TEM) quarterly Operating Expenses came in at $432.8 million in Q1 2026, up 33.41% year-on-year from $324.4 million in Q1 2025, and up 0.98% on a QoQ basis from $428.6 million in Q4 2025.
Tempus AI (TEM) Operating Expenses (2023 - 2026) Analysis & Trends
Tempus AI (TEM) has 4 years of Operating Expenses data on file, last reported at $432.8 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 33.41% year-over-year to $432.8 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 8.16% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 10.13% from the prior year.
- Operating Expenses for Q1 2026 stood at $432.8 million, up from $428.6 million in the prior quarter.
- Over the last five years, Operating Expenses for TEM reached as high as $699.5 million in Q2 2024 and fell as low as $177.6 million in Q2 2023.
- Historically, Operating Expenses has averaged $325.0 million across 4 years, with a median of $287.9 million in 2024.
- Across the five-year window, Operating Expenses jumped 293.94% in 2024 and plunged 46.19% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $200.0 million in 2023, then gained by 25.68% to $251.4 million in 2024, then jumped by 70.51% to $428.6 million in 2025, then increased by 0.98% to $432.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $432.8 million in Q1 2026, $428.6 million in Q4 2025, and $395.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 122.16 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Tempus AI | 8.23 Mn | -630.84 Mn | 323.00 Mn | 432.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 432.83 Mn |
| Dec 31, 2025 | 428.62 Mn |
| Sep 30, 2025 | 395.20 Mn |
| Jun 30, 2025 | 376.41 Mn |
| Mar 31, 2025 | 324.43 Mn |
| Dec 31, 2024 | 251.38 Mn |
| Sep 30, 2024 | 234.55 Mn |
| Jun 30, 2024 | 699.46 Mn |
| Mar 31, 2024 | 199.09 Mn |
| Dec 31, 2023 | 200.02 Mn |
| Sep 30, 2023 | 180.85 Mn |
| Jun 30, 2023 | 177.56 Mn |