Tempus AI (TEM) Operating Expenses (2023 - 2026)
Tempus AI (TEM) reported Operating Expenses of $432.8 million for Q1 2026, up 33.41% year-over-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) has 4 years of Operating Expenses data on file, last reported at $432.8 million in Q1 2026.
- Quarterly Operating Expenses rose 33.41% year-over-year to $432.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 8.16% YoY) and the FY2025 annual result came in at $1.5 billion, up 10.13% from the prior year.
- Operating Expenses rose to $432.8 million in Q1 2026 per TEM's latest filing, from $428.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $699.5 million in Q2 2024 and bottomed at $177.6 million in Q2 2023.
- The 4-year median for Operating Expenses is $287.9 million (2024), against an average of $325.0 million.
- The widest annual swing landed in 2024, when Operating Expenses jumped 293.94%; it then plunged 46.19% in 2025.
- Tracing TEM's Operating Expenses over 4 years: stood at $200.0 million in 2023, then advanced by 25.68% to $251.4 million in 2024, then surged by 70.51% to $428.6 million in 2025, then rose by 0.98% to $432.8 million in 2026.
- Per Business Quant, the three latest TEM Operating Expenses figures stand at $432.8 million (Q1 2026), $428.6 million (Q4 2025), and $395.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 376.60 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 122.16 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 101.14 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 233.41 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 123.22 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Tempus AI | 9.58 Mn | -629.49 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 |