Tempus AI, Inc. key statistics and ratios

In fiscal 2025, Tempus AI, Inc. had return on equity of -89.5%, an operating margin of -19.9%, debt equal to 42.5% of equity and a current ratio of 3.13. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Tempus AI, Inc.: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Operating margin	−82.8%	−36.9%	−99.7%	−19.9%	−18.5%
Net margin	−90.4%	−40.3%	−101.8%	−19.3%	−12.5%
Free-cash-flow margin	−58.2%	−46.8%	−30.5%	−18.8%	−9.1%
Return on equity	—	—	—	−89.5%	−38.2%
Return on assets	—	−38.0%	−94.7%	−15.3%	−8.0%
Asset turnover	—	0.94	0.93	0.79	0.64
Current ratio	—	1.51	2.29	3.13	2.61
Debt to equity	—	—	298.5%	42.5%	35.2%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	25.9%	17.0%	21.5%	13.6%	13.1%
SG&A as % of revenue	72.8%	55.8%	108.9%	57.5%	58.2%
Capital spending as % of revenue	5.7%	6.5%	3.2%	1.7%	1.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Tempus AI, Inc.: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Operating margin	−25.3%	−26.9%	−19.6%	−18.3%	−16.7%	−24.3%	−19.8%	−13.8%
Net margin	−6.5%	−26.6%	−13.6%	−23.9%	−14.8%	−36.2%	1.5%	−3.6%
Free-cash-flow margin	−23.5%	−42.1%	11.6%	−37.9%	−11.3%	−23.4%	−3.6%	−0.0%
Current ratio	2.29	1.71	1.54	3.28	3.13	3.31	3.30	2.61
R&D as % of revenue	14.8%	14.0%	13.2%	13.5%	13.7%	13.9%	13.8%	11.2%
SG&A as % of revenue	55.5%	60.5%	57.4%	56.2%	56.8%	61.1%	59.0%	56.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 3 checks passed · September 30, 2026

What it owns · $2.5bn

Short-term assets $1.1bnLonger-term assets $1.3bn

What it owes, and who funded it · $2.5bn

Short-term liabilities $436mLonger-term liabilities $1.5bnShareholders' equity $500m

Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $436m of liabilities due within a year.
Short-term assets cover long-term liabilities $1.1bn short-term assets against $1.5bn of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$279m against $47m of interest.

From Tempus AI, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Tempus AI, Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Tempus AI, Inc.