For the year ending 2025-12-31, TEM had $267,616K increase in cash & cash equivalents over the period. -$239,139K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income | -245,028 | -705,809 |
| Change in fair value of warrant liability | 0 | 42,400 |
| Gain on warrant termination | 0 | 39,100 |
| Reversal of warrant contract asset amortization | 0 | 16,301 |
| Stock-based compensation | 124,747 | 534,138 |
| Gain on warrant exercise | 0 | 173 |
| Gain on marketable equity securities | 16,471 | 12,110 |
| Loss on disposal of property and equipment | -415 | - |
| Loss on debt extinguishment | -12,034 | - |
| Deferred income taxes | -52,665 | - |
| Losses from equity method investments | -5,614 | -4,228 |
| Amortization of original issue discount | 4,088 | 1,382 |
| Amortization of deferred financing fees | 484 | 510 |
| Change in fair value of contingent consideration | 0 | 72 |
| Change in fair value of holdback liability | -1,337 | - |
| Amortization of warrant contract asset | 0 | 4,843 |
| Depreciation and amortization | -102,324 | -37,245 |
| Provision for bad debt expense | 2,558 | 680 |
| Provision for obsolete inventory | 1,335 | 0 |
| Amortization of financeright-of-uselease assets | 0 | 0 |
| Change in fair value of warrant asset | 0 | 18,302 |
| Non-cashoperating lease costs | 11,554 | 6,047 |
| Minimum accretion expense | 268 | 197 |
| Impairment of intangible assets | 0 | 0 |
| Pik interest added to principal | 10,537 | 8,811 |
| Accounts receivable | 90,402 | 61,037 |
| Inventory | 3,369 | 9,541 |
| Prepaid expenses and other current assets | 1,699 | 13,683 |
| Investments and other assets | 17,301 | 751 |
| Accounts payable | -7,241 | -23,852 |
| Related party asset | 25,000 | - |
| Deferred revenue | -6,960 | -20,942 |
| Deferred other income | -15,955 | 39,887 |
| Accrued data licensing fees | -2,966 | 5,000 |
| Accrued expenses& other | -12,844 | 50,540 |
| Interest payable | 14,206 | 15,129 |
| Operating lease liabilities | -14,948 | -8,553 |
| Net cash used in operating activities | -218,090 | -189,045 |
| Purchases of property and equipment | 21,049 | 22,121 |
| Proceeds from sale of marketable equity securities | 8,316 | 23,098 |
| Purchases of marketable equity securities | 2,740 | 36,183 |
| Business combinations, net of cash acquired | 376,666 | 0 |
| Investment in joint venture | 0 | 95,186 |
| Capitalized software costs | 6,216 | - |
| Net cash used in investing activities | -398,355 | -130,392 |
| Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions | 0 | 381,951 |
| Tax withholding related to net share settlement of restricted stock units | 0 | 69,918 |
| Issuance of series g-4 preferred stock, net of offering costs | 0 | - |
| Issuance of series g-5 preferred stock | 0 | 199,750 |
| Principal payments on finance lease liabilities | 0 | 0 |
| Purchase of treasury stock | 3,040 | 0 |
| Payment of deferred offering costs | 806 | 8,766 |
| Dividends paid | 0 | 5,625 |
| Proceeds from revolving credit facility, net of original issue discount | 98,000 | - |
| Issuance of series g-4 preferred stock, net of offering costs-Series GThree Redeemable Convertible Preferred Stock | - | 0 |
| Proceeds from long-term debt, net of original issue discount | 196,000 | 0 |
| Issuance of series g-4 preferred stock, net of offering costs-Series GFour Redeemable Convertible Preferred Stock | - | 0 |
| Proceeds from convertible senior notes, net of initial purchasers' discount | 726,497 | - |
| Payment of deferred financing fees | 1,519 | 0 |
| Payment of indemnity holdback related to acquisition | 0 | 813 |
| G-4 special payment | 0 | 2,250 |
| Principal payments on long-term debt | 276,892 | - |
| Prepayment premium on long-term debt | 7,841 | - |
| Purchases of capped call | 41,775 | - |
| Proceeds from issuance of common stock in connection with at-the-market offering, net of commissions | 195,499 | - |
| Net cash provided by financing activities | 884,123 | 494,329 |
| Effect of foreign exchange rates on cash | -62 | 336 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 267,616 | 175,228 |
| Cash, cash equivalents and restricted cash, beginning of period | 341,835 | - |
| Cash, cash equivalents and restricted cash, end of period | 609,451 | - |
Tempus AI, Inc. (TEM)
Tempus AI, Inc. (TEM)