Accelerated Revenue and Gross Profit Growth
Tempus reported a 35.8% year-over-year revenue increase in Q4 2024, with gross profit growth of 49.7%.
Strong Contract Value and Retention
The year ended with $940 million in total remaining contract value and 140% net revenue retention.
Acquisition of Ambry Genetics
Tempus completed the acquisition of Ambry Genetics on February 3, 2025, which is expected to contribute positively to their financials.
Increased Revenue Guidance for 2025
Revenue guidance was increased from $1.23 billion to $1.24 billion for 2025, with an expectation to be adjusted EBITDA positive at around $5 million.
Extended Agreement with Google
Tempus extended its agreement with Google for another five years, securing favorable rates.
AI Diagnostics Reimbursement Milestone
Tempus's AI diagnostics received reimbursement, indicating a positive shift for AI-based diagnostics.