Tempus AI (TEM) Research & Development (2023 - 2026)
Tempus AI (TEM) reported Research & Development of $48.2 million for Q1 2026, up 34.46% year-over-year from $35.9 million in Q1 2025, and down 4.43% quarter-over-quarter from $50.5 million in Q4 2025.
Tempus AI (TEM) Research & Development (2023 - 2026) Analysis & Trends
Tempus AI (TEM) has 4 years of Research & Development data on file, last reported at $48.2 million in Q1 2026.
- Research & Development for Q1 2026 came in at $48.2 million, up 34.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $185.3 million (up 15.19% YoY), and the FY2025 annual result was $172.9 million, up 15.8% from the prior year.
- Research & Development declined to $48.2 million in Q1 2026 per TEM's latest filing, from $50.5 million in the prior quarter.
- Over five years, Research & Development peaked at $68.0 million in Q2 2024 and troughed at $22.2 million in Q2 2023.
- A 4-year average of $36.7 million and a median of $32.7 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development surged 206.82% in 2024, then sank 38.82% in 2025.
- A 4-year view of Research & Development shows it stood at $24.1 million in 2023, then grew by 23.0% to $29.6 million in 2024, then jumped by 70.44% to $50.5 million in 2025, then retreated by 4.43% to $48.2 million in 2026.
- Business Quant data shows TEM's Research & Development at $48.2 million in Q1 2026, $50.5 million in Q4 2025, and $45.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 26.11 Bn | 18.79 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.95 Bn | 12.07 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.46 Bn | 7.19 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 5.15 Bn | 4.83 Bn | 154.23 Mn | 30.34 Mn |
| 5 | Doximity | 3.75 Bn | 3.00 Bn | 125.97 Mn | 39.11 Mn |
| 6 | 10x Genomics | 3.69 Bn | 3.15 Bn | 106.18 Mn | 56.85 Mn |
| 7 | Waystar Holding | 3.61 Bn | 3.45 Bn | 268.04 Mn | 18.37 Mn |
| 8 | Privia Health | 2.90 Bn | 2.54 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.72 Bn | 1.54 Bn | 140.36 Mn | 21.52 Mn |
| 10 | Tempus AI | 8.55 Mn | -630.52 Mn | 323.00 Mn | 48.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |