Tempus AI (TEM) Operating Expenses (2023 - 2026)
Tempus AI (TEM) posted quarterly Operating Expenses of $458.4 million for Q2 2026, up 21.78% year-over-year from $376.4 million in Q2 2025, and up 5.91% quarter-over-quarter from $432.8 million in Q1 2026.
Tempus AI (TEM) Operating Expenses (2023 - 2026) Analysis & Trends
Tempus AI (TEM) has reported Operating Expenses for 4 consecutive years, with $458.4 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 21.78% year-over-year to $458.4 million; the TTM figure through Jun 2026 stood at $1.7 billion (up 44.52% YoY), while the FY2025 annual figure was $1.5 billion, up 10.13% from the prior year.
- Operating Expenses grew to $458.4 million in Q2 2026 per TEM's latest filing, from $432.8 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.
- Historically, Operating Expenses has averaged $335.3 million across 4 years, with a median of $324.4 million in 2025.
- Annual changes were most pronounced in 2024 — Operating Expenses soared 293.94% — and 2025, when it slumped 46.19%.
- Tempus AI's Operating Expenses stood at $200.0 million in 2023, then increased by 25.68% to $251.4 million in 2024, then surged by 70.51% to $428.6 million in 2025, then grew by 6.95% to $458.4 million in 2026.
- Business Quant data shows TEM's Operating Expenses at $458.4 million in Q2 2026, $432.8 million in Q1 2026, and $428.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Tempus AI | 9.37 Mn | -806.62 Mn | 274.25 Mn | 458.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 458.40 Mn |
| 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 |