Company: TEM
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025603
Chunk: 461

Company: Tempus AI, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 2
Chunk 461
---
        December 31, 2024
         
        December 31, 2023

        Weighted-average remaining lease term (in years)

        Operating leases
         
        5.1

        5.9

        Weighted-average discount rate

        Operating leases
         
        6.8
        %
         
        6.9
        %
       
       As of December 31, 2024, the future payments under operating leases for each of the next five years and thereafter are as follows (in thousands):  

        Operating Leases

        2025
        $
        8,446

        2026
         
        7,158

        2027
         
        7,254

        2028
         
        7,596

        2029
         
        4,324

        Thereafter
         
        4,211

        Total minimum lease payments
         
        38,989

        Less: Amount representing interest
         
        6,331

        Present value of net minimum lease payments
         
        32,658

        Less: Current portion of lease liabilities
         
        6,459

        Total long-term lease liabilities
        $
        26,199

9.STOCKHOLDERS’ EQUITYCommon Stock Prior to the IPO, the Company had authorized two classes of common stock, voting and non-voting. In March 2021, the Company amended its certificate of incorporation to bifurcate the voting common stock into two classes, Class A common stock and Class B common stock. As of December 31, 2023, the Company had authorized 200,228,024 shares of Class A common stock, 5,374,899 shares of Class B common stock, and 66,946,627 shares of non-voting common stock. In April 2024, the Company increased the number of authorized shares of Class A common stock to 204,590,500 in conjunction with the Series G-5 Preferred stock financing (see Note 10, Redeemable Convertible Preferred Stock). In connection with the IPO, the Restated Certificate became effective, which authorized 1,000,000,000 shares of Class A common stock, 5,500,000 shares of Class B common stock, and 20,000,000 shares of preferred stock. Class A common stock and Class B