Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Tempus AI, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2024
FY2024
FY2025
Revenue
321
532
693
1,272
Research and development
83.2
90.3
149
173
Selling, general and administrative
233
297
755
732
Operating income
-265
-196
-691
-253
Interest expense
21.9
46.9
53.7
70.3
Interest income
3.03
7.6
11.1
12.6
Other non-operating income
-4.85
21.8
32.3
31.4
Pre-tax income
-289
-214
-701
-291
Income tax
0.07
0.29
0.27
-51.7
Net income
-290
-214
-706
-245
EBITDA
-249
-175
-665
-221
EPS, basic
-5.30
-4.20
-6.23
-1.41
EPS, diluted
-5.30
-4.20
-6.23
-1.41
Shares, basic (weighted)
0.06
0.06
0.12
0.17
Shares, diluted (weighted)
0.06
0.06
0.12
0.17
Balance sheet
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
303
166
341
605
Receivables
94.5
155
311
Inventory
28.8
38.4
51.7
Other current assets
17.3
26.1
40.5
Total current assets
350
668
1,167
Property, plant and equipment
61.7
58.1
89.2
Lease right-of-use assets
20.5
14.8
64.5
Goodwill
53.1
73.4
73.3
470
Intangible assets
21.9
11.7
349
Total assets
564
926
2,275
Accounts payable
54.4
53.8
82
Accrued liabilities
82.5
130
155
Deferred revenue
64.9
76
92.7
Total current liabilities
233
291
372
Lease liabilities
32
26.2
74.3
Other non-current liabilities
19.8
16
56.6
Total liabilities
841
870
1,784
Paid-in capital
18.3
2,211
2,893
Retained earnings
-1,397
-2,151
-2,396
Treasury stock
-3.6
-3.6
-6.64
Other comprehensive income
0.01
0.09
0.9
Shareholders' equity
-1,129
-1,382
56.3
491
Total equity
-1,129
-1,382
56.3
491
Total liabilities and equity
564
926
2,275
Cash flow statement
FY2022
FY2024
FY2024
FY2025
Net income
-290
-214
-706
-245
Depreciation and amortization
16.7
21.3
26.4
32.1
Stock-based compensation
0
0
534
125
Deferred income tax
0
0
-52.7
Change in receivables
-8.2
-7.35
-61
-90.4
Change in inventory
-1.31
-6.56
-9.54
-3.37
Change in payables
-7.92
-23.4
-23.9
-7.24
Cash from operations
-168
-214
-189
-218
Capital expenditures
-18.4
-34.6
-22.1
-21
Acquisitions
-39.6
-5.71
0
-377
Purchases of investments
0
0
-36.2
-2.74
Cash from investing
-57.9
-40.3
-130
-398
Debt repaid
0
0
-277
Share buybacks
0
-3.6
0
-3.04
Dividends paid
-5.63
-5.63
-5.63
0
Cash from financing
251
118
494
884
Exchange rate effect
0.02
-0.02
0.34
-0.06
Net change in cash
25.3
-137
175
268
Free cash flow
-187
-249
-211
-239
Interest paid
4.66
16.9
28
44
Income taxes paid
0.01
0.16
0.21
0.65
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $80.54 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-18.5%
Operating income / revenue.
EBITDA margin
-16.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-12.2%
Pre-tax income / revenue.
Net margin
-12.5%
Net income / revenue.
FCF margin
-9.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-7.2%
Cash from operations / revenue.
Return on equity (ROE)
-37.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-7.7%
Net income / average total assets.
R&D / revenue
13.1%
Research and development expense / revenue.
SG&A / revenue
58.2%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
13.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.9%
Capital expenditures / revenue.
D&A / revenue
2.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
83.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
58.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
772.1%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
145.6%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
45.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
40.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.61x
Current assets / current liabilities.
Quick ratio
2.23x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.35x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$8,325.00
Revenue / diluted weighted shares.
FCF per share
-$754.47
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$597.72
Cash from operations / diluted weighted shares.
Book value per share
$2,760.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
9.63x
Market cap / revenue.
P/B
29.0x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
9.24x
Enterprise value / revenue.
FCF yield
-0.9%
Free cash flow / market cap.
Earnings yield
-1.3%
Net income / market cap (the inverse of P/E).
What was Tempus AI, Inc.'s revenue in fiscal 2025?
Tempus AI, Inc. reported revenue of $1.27B for fiscal 2025, 83.4% higher than the year before.
Was Tempus AI, Inc. profitable in fiscal 2025?
No. It reported a net loss of $245.0M.
How much free cash flow did Tempus AI, Inc. generate in fiscal 2025?
Cash from operations of $218.1M minus capital expenditures of $21.0M left free cash flow of -$239.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.