Company: TEM
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025603
Chunk: 298

Company: Tempus AI, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 298
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 a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Chicago, Illinois

February 24, 2025

We have served as the Company’s auditor since 2019.

138

Tempus AI, Inc. 

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

    December 31, 2024

    December 31,2023

    Assets

    Current Assets

    Cash and cash equivalents
     
    $
    340,954

    $
    165,767

    Accounts receivable, net of allowances of $1,141 and $1,115 at December 31, 2024 and December 31, 2023, respectively

    154,819

    94,462

    Inventory

    38,386

    28,845

    Warrant asset

    —

    5,070

    Prepaid expenses and other current assets

    26,135

    17,295

    Marketable equity securities

    107,309

    31,807

    Deferred offering costs

    —

    7,085

    Total current assets
     
    $
    667,603

    $
    350,331

    Property and equipment, net

    58,056

    61,681

    Goodwill

    73,343

    73,354

    Warrant asset, less current portion

    —

    4,930

    Intangible assets, net

    11,716

    21,916

    Investments and other assets

    8,305

    8,971

    Investment in joint venture

    91,450

    —

    Warrant contract asset, less current portion

    —

    21,499

    Operating lease right-of-use assets

    14,762

    20,530

    Restricted cash

    881

    840

    Total Assets
     
    $
    926,116

    $
    564,052

    Liabilities, Convertible redeemable preferred stock, and Stockholders' equity