Tempus AI (TEM) Research & Development (2023 - 2026)
Tempus AI (TEM) recorded Research & Development of $46 million in Q3 2026, up 2.3% from $44.96 million a year earlier but down 12.6% 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 $197.35 million as of Sep 30, 2026, up 29.8% 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.
- Quarterly Research & Development has ranged from $22.17 million in Q2 2023 to $68.03 million in Q2 2024 over the past five years.
- On a year-over-year basis, Research & Development has increased for five consecutive quarters, with growth averaging 28.7% 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 $52.64 million (Q2 2026), $48.24 million (Q1 2026) and $50.47 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.44 Bn | 104.53 Bn | - | - |
| 2 | Natera | 46.38 Bn | 42.00 Bn | 513.47 Mn | 242.43 Mn |
| 3 | Labcorp Holdings | 30.37 Bn | 28.45 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 28.52 Bn | 26.28 Bn | 1.04 Bn | - |
| 5 | Tenet Healthcare | 23.21 Bn | 12.51 Bn | - | - |
| 6 | Guardant Health | 21.35 Bn | 16.97 Bn | 236.15 Mn | 100.84 Mn |
| 7 | Tempus AI | 15.33 Bn | 12.48 Bn | 266.70 Mn | 46.00 Mn |
| 8 | BrightSpring Health Services | 14.30 Bn | 12.05 Bn | 518.55 Mn | - |
| 9 | Encompass Health | 13.86 Bn | 13.49 Bn | - | - |
| 10 | Davita | 11.86 Bn | 9.23 Bn | 1.13 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 46.00 Mn |
| 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();