Company: TEM
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025603
Chunk: 517

Company: Tempus AI, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 517
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 depreciation and amortization expense, and although these are non-cash expenses, the asset being depreciated may have to be replaced in the future, increasing our cash requirements; 

•does not reflect provision for or benefit from income taxes that reduces cash available to us; and 

•excludes change in fair value of warrant liabilities, contingent consideration and warrant asset. 

Because of these limitations, we consider, and you should consider, adjusted EBITDA alongside other financial performance measures, including net loss and our other GAAP results. A reconciliation of our adjusted EBITDA to net loss, the most directly comparable financial measure stated in accordance with GAAP, is provided below. Investors are encouraged to review the related GAAP financial measures and the reconciliation of the non-GAAP financial measure to their most directly comparable GAAP financial measure. 

129

The following table summarizes our adjusted EBITDA, along with net loss, the most directly comparable GAAP measure, for each period presented below: 

    Year Ended December 31,

    2024

    2023

    (in thousands)

    Net loss
     
    $
    (705,809
    )
     
    $
    (214,118
    )

    Interest income

    (11,084
    )

    (7,601
    )

    Interest expense

    53,653

    46,869

    Depreciation

    26,356

    21,279

    Amortization

    10,889

    11,770

    Provision for income taxes

    266

    288

    EBITDA
     
    $
    (625,729
    )
     
    $
    (141,513
    )

    Losses on equity method investments

    4,228

    301

    Fair value changes(1)

    (27,868
    )

    (22,307
    )

    Stock-based compensation expense

    534,138

    —

    Employer payroll tax related to stock-based compensation

    13,543

    —

    G-4 Special Payment

    2,250

    —

    Amortization of technology license

    (7,977
    )

    —

    Settlement costs(2)

    —

    8,625

    Acquisition related expenses(3)

    2,708

    672

    Adjusted EBITDA
     
    $
    (