Tempus AI, Inc.

Tempus AI, Inc. is a U.S.-based healthcare technology company that combines diagnostic testing with data and software products for clinical and research use. Its business centers on genomics testing, de-identified data licensing, clinical trial matching, and AI-enabled applications built around a large clinical and molecular dataset.

−17,4 %

−19,3 %

+83,4 %

3.13

3.00

— Tempus AI, Inc.
%
Genomics / Diagnostics75% Laboratory testing services including oncology, PCR profiling, hereditary cancer risk, and rare-disease profiling.
Data and Services25% De-identified data licensing, analytical services, and clinical trial matching for biopharma customers.
AI Applications / Next0% AI-driven applications that route patients to therapy options and support clinical and research workflows.

Tempus sells primarily to healthcare providers and life sciences companies. Physicians, hospitals, genetic counselors,...

  • Healthcare providersprimary

    Physicians, hospital systems, and genetic counselors buy genomics tests and clinical tools to support diagnosis and treatment decisions.

  • Pharmaceutical companiesprimary

    Drug makers license de-identified data and use trial-matching services to improve research, development, and patient recruitment.

  • Biotechnology companiessecondary

    Biotech customers buy data, analytics, and matching services to support discovery and clinical development programs.

  • Academic and research institutionssecondary

    Universities and research centers use testing and datasets for translational research and clinical studies.

Tempus is primarily a North American business, with the majority of revenue generated in North America...

  • Majority of revenue is generated in North America
  • U.S. is the core operating and reporting base
  • Foreign jurisdictions contribute to tax and operating exposure
  • Geographic concentration ties revenue to U.S. healthcare demand
  • International reimbursement and regulatory expansion remain relevant

Tempus focuses on expanding adoption across both product lines by increasing use among existing customers and adding...

01
Increase adoption across existing customersshort-term

Higher utilization and upsell activity improve monetization of the installed base and strengthen retention.

02
Launch and commercialize new AI productsmedium-term

New applications extend the platform and create additional monetization paths from the same underlying data asset.

03
Deepen network effects from data accumulationlong-term

More clinical and molecular data can improve test performance and make the platform more valuable to researchers and clinicians.

Tempus depends on continued access to de-identified patient data, customer renewals, and successful commercialization...

high

Customer renewal and contract concentration risk

Data and services revenue depends on renewals and expansion of existing agreements, and a few customers can represent a meaningful share of revenue.

Scope
Data and applications product line
Materiality
high
high

Dependence on de-identified patient data

The platform’s value and monetization depend on continued access to large datasets and the ability to use them commercially.

Scope
Platform, data licensing, AI training
Materiality
high
high

AI model and data governance risk

AI products can create liability or reputational harm if outputs are inaccurate, biased, or based on improperly used data.

Scope
AI Applications, Next, Algos
Materiality
high
high

Reimbursement and payer coverage risk

Diagnostics adoption depends on coverage and reimbursement decisions by commercial and government payers.

Scope
Genomics / Diagnostics
Materiality
high
medium

Competitive pressure from established providers

Competitors may have greater resources, broader sales forces, or alternative diagnostic technologies.

Scope
Diagnostics, data services, clinical trial matching
Materiality
medium
Revenue recognition by product line
Mix shifts can change reported growth and margins
Seasonality in data revenue
Quarterly results may be uneven and not directly comparable
Business combinations
Can materially affect assets, expenses, and future impairment charges
Deferred tax valuation allowance
Affects reported tax benefit and effective tax rate
Debt and convertible note accounting
Can create volatility in non-operating results

: 29/04/2026