Tempus AI (TEM) Research & Development (2023 - 2026)
Tempus AI (TEM) recorded Research & Development of $52.64 million in Q2 2026, up 26.5% from $41.62 million a year earlier and up 9.1% from the prior quarter.
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Analysis
Tempus AI (TEM) Research & Development (2023 - 2026) Analysis & Trends
On a TTM basis, Tempus AI's Research & Development came in at $196.31 million as of Jun 30, 2026, up 46.0% year-over-year; for FY2025, it came in at $172.92 million, up 15.8% from FY2024.
- Annual Research & Development has increased for three straight years, with a three-year compound annual growth rate of 27.6% (FY2022 to FY2025).
- Across earlier years, Research & Development came in at $149.33 million in FY2024 (+65.3%), $90.34 million in FY2023 (+8.6%) and $83.16 million in FY2022.
- The Q2 2026 figure is the highest quarterly Research & Development since Q2 2024.
- On a year-over-year basis, Research & Development has increased for four consecutive quarters, with growth averaging 30.6% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 206.8% in Q2 2024, against a decline of 38.8% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $48.24 million (Q1 2026), $50.47 million (Q4 2025) and $44.96 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | - |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | - |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 96.53 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 52.64 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | - |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | - |
Historic Data
Download Data
Historic 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 |
API Access
Tempus AI Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=TEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TEM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=TEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();