Tempus AI (TEM) Research & Development (2023 - 2026)
Tempus AI (TEM) posted quarterly Research & Development of $52.6 million for Q2 2026, up 26.47% year-over-year from $41.6 million in Q2 2025, and up 9.12% quarter-over-quarter from $48.2 million in Q1 2026.
Tempus AI (TEM) Research & Development (2023 - 2026) Analysis & Trends
Tempus AI (TEM) has reported Research & Development for 4 consecutive years, with $52.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development rose 26.47% year-over-year to $52.6 million; the TTM figure through Jun 2026 stood at $196.3 million (up 46.0% YoY), while the FY2025 annual figure was $172.9 million, up 15.8% from the prior year.
- Research & Development grew to $52.6 million in Q2 2026 per TEM's latest filing, from $48.2 million in the prior quarter.
- Across five years, Research & Development topped out at $68.0 million in Q2 2024 and bottomed at $22.2 million in Q2 2023.
- Historically, Research & Development has averaged $37.9 million across 4 years, with a median of $35.9 million in 2025.
- Annual changes were most pronounced in 2024 — Research & Development surged 206.82% — and 2025, when it sank 38.82%.
- Tempus AI's Research & Development stood at $24.1 million in 2023, then increased by 23.0% to $29.6 million in 2024, then surged by 70.44% to $50.5 million in 2025, then advanced by 4.29% to $52.6 million in 2026.
- Business Quant data shows TEM's Research & Development at $52.6 million in Q2 2026, $48.2 million in Q1 2026, and $50.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | Tempus AI | 9.37 Mn | -806.62 Mn | 274.25 Mn | 52.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 52.64 Mn |
| Mar 31, 2026 | 48.24 Mn |
| Dec 31, 2025 | 50.47 Mn |
| Sep 30, 2025 | 44.96 Mn |
| Jun 30, 2025 | 41.62 Mn |
| Mar 31, 2025 | 35.87 Mn |
| Dec 31, 2024 | 29.61 Mn |
| Sep 30, 2024 | 27.35 Mn |
| Jun 30, 2024 | 68.03 Mn |
| Mar 31, 2024 | 24.34 Mn |
| Dec 31, 2023 | 24.08 Mn |
| Sep 30, 2023 | 23.23 Mn |
| Jun 30, 2023 | 22.17 Mn |