Company: TEM
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025603
Chunk: 565

Company: Tempus AI, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 565
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 additional payments contingent on the commercialization of such data. For the years ended December 31, 2024, 2023 and 2022, the Company recognized data licensing and cloud computing expenses of $40.6 million, $33.7 million and $31.1 million, respectively, related to non-cancelable arrangements. As of December 31, 2024, future payments under these contractual obligations were as follows (in thousands):  

        2025
        $
        43,080

        2026
         
        26,008

        2027
         
        3,829

        2028 and thereafter
         
        —

        Total purchase obligations
         
        72,917

             Less:  Current portion of purchase obligations
         
        43,080

        Total long-term purchase obligations
        $
        29,837

       Legal Matters From time to time in the normal course of business, the Company may be subject to various legal matters such as threatened or pending claims or proceedings. There were no material such matters as of and for the years ended December 31, 2024, 2023 and 2022. 

8.LEASES The Company has entered into various non-cancelable operating lease agreements, primarily for the rent of office and lab space, with expirations at various dates through 2032. The Company has also acquired portions of its equipment under finance lease arrangements, formerly referred to as capital leases under ASC 840, with expirations between 2022 and 2023. Lease cost is recognized on a straight-line basis over the lease term. Variable lease costs, which include items such as real estate taxes, common area maintenance, utilities, and storage are not included in the calculation of the right-of-use assets and are recognized as incurred. 

162

The components of total lease costs for the years ended December 31, 2024, 2023 and 2022 are as follows (in thousands):  

        Year Ended December 31,

        2024
         
        2023
         
        2022

        Operating lease cost
        $
        6,047
         
        $
        6,760
         
        $
        6,426

        Variable lease cost
         
        6,067

        4,641

        4,732

        Short-term lease costs