Tempus AI (TEM) Research & Development (2023 - 2026)
Tempus AI's (TEM) quarterly Research & Development came in at $52.6 million in 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.
Analysis
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.
- On a quarterly basis, Research & Development rose 26.47% year-over-year to $52.6 million in Q2 2026; TTM through Jun 2026 was $196.3 million, a 46.0% increase from a year earlier, with the FY2025 full-year figure at $172.9 million, up 15.8% from the prior year.
- Research & Development was $52.6 million for Q2 2026 at Tempus AI, up from $48.2 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 $37.9 million and a median of $35.9 million in 2025 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 206.82% in 2024 and slumped 38.82% in 2025, its largest moves.
- Over 4 years, Research & Development stood at $24.1 million in 2023, then climbed by 23.0% to $29.6 million in 2024, then soared by 70.44% to $50.5 million in 2025, then rose by 4.29% to $52.6 million in 2026.
- The last three Research & Development figures came in at $52.6 million (Q2 2026), $48.2 million (Q1 2026), and $50.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 47.13 Bn | 46.03 Bn | 486.15 Mn | 228.07 Mn |
| 2 | Labcorp Holdings | 26.44 Bn | 26.32 Bn | 1.11 Bn | - |
| 3 | Quest Diagnostics | 26.16 Bn | 25.84 Bn | 1.03 Bn | - |
| 4 | Guardant Health | 21.57 Bn | 20.51 Bn | 219.03 Mn | 189.95 Mn |
| 5 | Tempus AI | 11.32 Bn | 10.51 Bn | 274.25 Mn | 52.64 Mn |
| 6 | Caris Life Sciences | 7.08 Bn | 6.29 Bn | 182.38 Mn | 53.76 Mn |
| 7 | Sotera Health | 5.39 Bn | 5.04 Bn | 177.96 Mn | - |
| 8 | BillionToOne | 4.65 Bn | 4.11 Bn | 77.11 Mn | 17.32 Mn |
| 9 | iRhythm Holdings | 4.05 Bn | 3.46 Bn | 163.21 Mn | 19.84 Mn |
| 10 | Adaptive Biotechnologies | 3.86 Bn | 3.53 Bn | 51.39 Mn | 26.41 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 |