Tempus AI (TEM) Operating Expenses (2023 - 2026)
Tempus AI's (TEM) quarterly Operating Expenses came in at $458.4 million in 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.
Analysis
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.
- On a quarterly basis, Operating Expenses rose 21.78% year-over-year to $458.4 million in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 44.52% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 10.13% from the prior year.
- Operating Expenses was $458.4 million for Q2 2026 at Tempus AI, up from $432.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $699.5 million in Q2 2024 and troughed at $177.6 million in Q2 2023.
- A 4-year average of $335.3 million and a median of $324.4 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 293.94% in 2024 and tumbled 46.19% in 2025, its largest moves.
- Over 4 years, Operating Expenses stood at $200.0 million in 2023, then climbed by 25.68% to $251.4 million in 2024, then soared by 70.51% to $428.6 million in 2025, then advanced by 6.95% to $458.4 million in 2026.
- The last three Operating Expenses figures came in at $458.4 million (Q2 2026), $432.8 million (Q1 2026), and $428.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 47.13 Bn | 46.03 Bn | 486.15 Mn | 828.54 Mn |
| 2 | Labcorp Holdings | 26.44 Bn | 26.32 Bn | 1.11 Bn | 582.30 Mn |
| 3 | Quest Diagnostics | 26.16 Bn | 25.84 Bn | 1.03 Bn | 2.58 Bn |
| 4 | Guardant Health | 21.57 Bn | 20.51 Bn | 219.03 Mn | 464.10 Mn |
| 5 | Tempus AI | 11.32 Bn | 10.51 Bn | 274.25 Mn | 458.40 Mn |
| 6 | Caris Life Sciences | 7.08 Bn | 6.29 Bn | 182.38 Mn | 236.79 Mn |
| 7 | Sotera Health | 5.39 Bn | 5.04 Bn | 177.96 Mn | 68.16 Mn |
| 8 | BillionToOne | 4.65 Bn | 4.11 Bn | 77.11 Mn | 71.60 Mn |
| 9 | iRhythm Holdings | 4.05 Bn | 3.46 Bn | 163.21 Mn | 165.75 Mn |
| 10 | Adaptive Biotechnologies | 3.86 Bn | 3.53 Bn | 51.39 Mn | 87.32 Mn |
Historic Data
Download Data
Historic 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 |