Growth Metrics

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 🔒
DateValue
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