PerpEquities

Equity · Healthcare

Tempus AI, Inc. (TEM) perpetual futures

TEM perpetual futures on 12 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade TEMUSDT.

Tempus AI is a healthcare technology company offering a platform that integrates clinical and molecular data, diagnostics, and AI tools for precision medicine and research.

$65.59-0.1%NASDAQ closed
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Collecting venue price data...
venue perp mark · Bybit (TEM/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

12/12 live markets
Venues
12
Live markets
12/12
24h volume
$2.8MCoverage: 9/12 marketsExchange-reported volume: $6.9M
Open interest
$5.2MCoverage: 8/12 markets
Best liquidity
$2.7M
LBank
Tightest spread
+4.6 bps
Bybit
Highest volume
$1.2M
LBank
Settlement mix
USDT · 11/12
Perp/spot vol.
0.01x
Spot volume $298.5M
OI / float
+0.07%
Float $7B
Spot performance
1D-0.06%
5D+3.61%
1M+40.11%
6M+23.65%
YTD+9.43%
1Y-19.45%

Venue matrix

12 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BybitTradeTEM/USDTTrading$65.600.0% APR
0.000% every 8h
+4.6 bps$116.6K$1.7M$178.8KUSDT25x
BingXTradeTEMUS-USDTTrading$65.61+6.6% APR
+0.00600% every 8h
+7.6 bps$61.8K$1.2M$6.3KUSDT-
LBankTradeTEM/USDTTrading$65.590.0% APR
0.000% every 8h
+13.7 bps$2.7M$1.2M-USDT50x
BinanceTradeTEM/USDTTrading$65.610.0% APR
0.000% every 8h
+6.1 bps$50.7K$1.1M$178.2KUSDT-
XT.comTradeTEM/USDTTrading$65.600.0% APR
0.000% every 8h
+6.1 bps$61.5K$488.3K$4.3MUSDT20x
OurbitTradeTEM/USDTTrading$65.590.0% APR
0.000% every 8h
+6.1 bps-$451.4K$113KUSDT20x
HTXTradeTEM/USDTTrading$65.61-+121.7 bps$81.7K$324.9K-USDT-
BitgetTradeTEM/USDTTrading$65.460.0% APR
0.000% every 8h
+4.6 bps$509.2K$128.7K$185.7KUSDT20x
BitunixTradeTEM/USDTTrading$65.56-5.9% APR
-0.00535% every 8h
+45.7 bps$66.2K$95.5K-USDT20x
PhemexTradeTEM / USDTTrading$65.600.0% APR
0.000% every 8h
+7.6 bps$43.7K$91.7K$205.7KUSDT20x
Helix (Injective)TradeTEM/USDCTrading$64.52+3.6% APR
+0.00042% every 1h
--$19.7K-USDC12x
Gate.ioTradeTEM/USDTTrading$65.370.0% APR
0.000% every 8h
+29.0 bps-$254$23.6KUSDT20x

Tradability

Execution quality

Broad liquidity · 8 of 12 venues absorb $10k · Typical cost: +14.4 bps – +27.0 bps

Cheapest execution: Bitget · +9.1 bps

No fresh book data: HTX, Ourbit, Helix (Injective), Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

TEM

Tightest spread

TEM

Highest volume

TEM

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$11.3B
Updated 2h ago
Revenue
$1.4B
Trailing 12 months
Revenue growth
+26%
Next fiscal year
Profit margin
-17.8%
P/E
-45.2
Peer P/E 19.1
Free cash flow
-$273M
Trailing 12 months
More metrics
Net income
-$254.4M
Trailing 12 months
P/S
7.9
Peer P/E
19.1
Similar listed perps
Revenue estimate
$1.6B
Next fiscal year
Earnings
2026-11-03
Revenue est. $410.1M · Updated 2h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$1.3B
Net margin-19.3%
Free cash flow-$245.4M
Net debt$722.3M
2020$188M
2021$257.9M
2022$320.7M
2023$531.8M
2024$693.4M
2025$1.3B
PeriodRevenueGrowthNet incomeFCF
2020$188M+203%-$209.9M-$220M
2021$257.9M+37%-$259.2M-$223.8M
2022$320.7M+24%-$289.8M-$186.6M
2023$531.8M+66%-$214.1M-$248.9M
2024$693.4M+30%-$705.8M-$211.2M
2025$1.3B+83%-$245M-$245.4M
PeriodGross marginOperating marginNet marginROEROA
2020+15.3%-102.9%-111.6%+40.9%-27.9%
2021+32.4%-94.5%-100.5%+32.1%-48.8%
2022+40.6%-82.8%-90.4%+25.7%-45.9%
2023+53.8%-36.9%-40.3%+15.5%-38.0%
2024+55.0%-99.7%-101.8%-1,252.8%-76.2%
2025+62.7%-19.9%-19.3%-49.9%-10.8%
PeriodCashDebtNet debtCurrent ratio
2020$513.4M$251.4M-$262M6.41
2021$277.7M$238.9M-$38.7M3.52
2022$302.9M$433M$130.1M2.52
2023$165.8M$488.1M$322.4M1.51
2024$341M$468.1M$127.1M2.29
2025$604.8M$1.3B$722.3M3.13
PeriodMarket capEnterprise valueP/SP/E
2020$6.8B$6.6B36.4-27.0
2021$6.8B$6.8B26.5-23.0
2022$6.8B$7B21.3-20.4
2023$6.2B$6.5B11.7-23.3
2024$5.5B$5.6B7.9-7.3
2025$10.3B$11B8.1-41.9
Q3 2024$180.9M
Q4 2024$200.7M
Q1 2025$255.7M
Q2 2025$314.6M
Q3 2025$334.2M
Q4 2025$367.2M
Q1 2026$348.1M
Q2 2026$382.5M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$180.9M+33%-$75.8M$48.6M
Q4 2024$200.7M+36%-$13M-$47.2M
Q1 2025$255.7M+75%-$68M-$109M
Q2 2025$314.6M+90%-$42.8M$34.7M
Q3 2025$334.2M+85%-$80M-$127.9M
Q4 2025$367.2M+83%-$54.2M-$43.1M
Q1 2026$348.1M+36%-$125.9M-$83.3M
Q2 2026$382.5M+22%$5.6M-$18.6M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+58.5%-29.6%-41.9%-141.2%-7.8%
Q4 2024+60.8%-25.3%-6.5%-23.1%-1.4%
Q1 2025+60.7%-26.9%-26.6%-20.9%-4.4%
Q2 2025+62.0%-19.6%-13.6%-13.8%-2.6%
Q3 2025+62.8%-18.3%-23.9%-15.7%-3.5%
Q4 2025+64.7%-16.7%-14.8%-11.0%-2.4%
Q1 2026+63.8%-24.3%-36.2%-30.2%-5.9%
Q2 2026+64.4%-19.8%+1.5%+1.3%+0.2%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$388M$471.5M$83.5M2.69
Q4 2024$341M$468.1M$127.1M2.29
Q1 2025$151.6M$857.8M$706.1M1.71
Q2 2025$186.3M$853.3M$666.9M1.54
Q3 2025$655.9M$1.3B$679.9M3.28
Q4 2025$604.8M$1.3B$722.3M3.13
Q1 2026$521.2M$1.3B$797.4M3.31
Q2 2026$599.6M$1.4B$844.6M3.30
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$9.4B$9.5B51.8-30.8
Q4 2024$5.5B$5.6B27.3-105.1
Q1 2025$8.2B$8.9B32.2-30.2
Q2 2025$11B$11.7B35.0-63.5
Q3 2025$14.1B$14.8B42.2-43.9
Q4 2025$10.3B$11B28.0-49.2
Q1 2026$8.1B$8.9B23.2-16.2
Q2 2026$10.4B$11.3B27.2482.8
Historical value series
Revenue
Q3 2023: $136.1MQ4 2023: $147.7MQ1 2024: $145.8MQ2 2024: $166MQ3 2024: $180.9MQ4 2024: $200.7MQ1 2025: $255.7MQ2 2025: $314.6MQ3 2025: $334.2MQ4 2025: $367.2MQ1 2026: $348.1MQ2 2026: $382.5MQ3 2023Q2 2026
Net income
Q3 2023: -$53.4MQ4 2023: -$50.5MQ1 2024: -$64.7MQ2 2024: -$552.2MQ3 2024: -$75.8MQ4 2024: -$13MQ1 2025: -$68MQ2 2025: -$42.8MQ3 2025: -$80MQ4 2025: -$54.2MQ1 2026: -$125.9MQ2 2026: $5.6MQ3 2023Q2 2026
EBITDA
Q3 2023: -$32.6MQ4 2023: -$28.1MQ1 2024: -$42.3MQ2 2024: -$529.7MQ3 2024: -$50.9MQ4 2024: $12.5MQ1 2025: -$74MQ2 2025: $9.1MQ3 2025: -$38.8MQ4 2025: -$14.8MQ1 2026: -$82.4MQ2 2026: $45.1MQ3 2023Q2 2026
Free cash flow
Q3 2023: -$69MQ4 2023: -$43MQ1 2024: -$107.5MQ2 2024: -$105.1MQ3 2024: $48.6MQ4 2024: -$47.2MQ1 2025: -$109MQ2 2025: $34.7MQ3 2025: -$127.9MQ4 2025: -$43.1MQ1 2026: -$83.3MQ2 2026: -$18.6MQ3 2023Q2 2026
EPS
Q3 2023: -$0.38Q4 2023: -$0.44Q1 2024: -$0.55Q2 2024: -$3.66Q3 2024: -$0.46Q4 2024: -$0.08Q1 2025: -$0.4Q2 2025: -$0.25Q3 2025: -$0.46Q4 2025: -$0.3Q1 2026: -$0.71Q2 2026: $0.03Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $132.7MQ3 2023 · Debt: $459.4MQ4 2023 · Cash: $165.8MQ4 2023 · Debt: $488.1MQ1 2024 · Cash: $79.9MQ1 2024 · Debt: $485.2MQ2 2024 · Cash: $478.8MQ2 2024 · Debt: $475.6MQ3 2024 · Cash: $388MQ3 2024 · Debt: $471.5MQ4 2024 · Cash: $341MQ4 2024 · Debt: $468.1MQ1 2025 · Cash: $151.6MQ1 2025 · Debt: $857.8MQ2 2025 · Cash: $186.3MQ2 2025 · Debt: $853.3MQ3 2025 · Cash: $655.9MQ3 2025 · Debt: $1.3BQ4 2025 · Cash: $604.8MQ4 2025 · Debt: $1.3BQ1 2026 · Cash: $521.2MQ1 2026 · Debt: $1.3BQ2 2026 · Cash: $599.6MQ2 2026 · Debt: $1.4BQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: +54.4%Q4 2023 · Gross margin: +55.2%Q1 2024 · Gross margin: +53.3%Q2 2024 · Gross margin: +45.5%Q3 2024 · Gross margin: +58.5%Q4 2024 · Gross margin: +60.8%Q1 2025 · Gross margin: +60.7%Q2 2025 · Gross margin: +62.0%Q3 2025 · Gross margin: +62.8%Q4 2025 · Gross margin: +64.7%Q1 2026 · Gross margin: +63.8%Q2 2026 · Gross margin: +64.4%Q3 2023 · Operating margin: -32.9%Q4 2023 · Operating margin: -35.4%Q1 2024 · Operating margin: -36.5%Q2 2024 · Operating margin: -321.4%Q3 2024 · Operating margin: -29.6%Q4 2024 · Operating margin: -25.3%Q1 2025 · Operating margin: -26.9%Q2 2025 · Operating margin: -19.6%Q3 2025 · Operating margin: -18.3%Q4 2025 · Operating margin: -16.7%Q1 2026 · Operating margin: -24.3%Q2 2026 · Operating margin: -19.8%Q3 2023 · Net margin: -39.3%Q4 2023 · Net margin: -34.2%Q1 2024 · Net margin: -44.4%Q2 2024 · Net margin: -332.7%Q3 2024 · Net margin: -41.9%Q4 2024 · Net margin: -6.5%Q1 2025 · Net margin: -26.6%Q2 2025 · Net margin: -13.6%Q3 2025 · Net margin: -23.9%Q4 2025 · Net margin: -14.8%Q1 2026 · Net margin: -36.2%Q2 2026 · Net margin: +1.5%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q2 2024: +25.3%Q3 2024: +33.0%Q4 2024: +35.8%Q1 2025: +75.4%Q2 2025: +89.6%Q3 2025: +84.7%Q4 2025: +83.0%Q1 2026: +36.1%Q2 2026: +21.6%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 169.9MQ4 2023: 154.2MQ1 2024: 169.9MQ2 2024: 154.2MQ3 2024: 165.6MQ4 2024: 162.1MQ1 2025: 170.5MQ2 2025: 173.4MQ3 2025: 174.9MQ4 2025: 174.3MQ1 2026: 179MQ2 2026: 182.4MQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: -26.5Q4 2023 · P/E: -22.9Q1 2024 · P/E: -18.3Q2 2024 · P/E: -2.3Q3 2024 · P/E: -30.8Q4 2024 · P/E: -105.1Q1 2025 · P/E: -30.2Q2 2025 · P/E: -63.5Q3 2025 · P/E: -43.9Q4 2025 · P/E: -49.2Q1 2026 · P/E: -16.2Q2 2026 · P/E: 482.8Q3 2023 · P/S: 50.3Q4 2023 · P/S: 42.0Q1 2024 · P/S: 46.9Q2 2024 · P/S: 31.0Q3 2024 · P/S: 51.8Q4 2024 · P/S: 27.3Q1 2025 · P/S: 32.2Q2 2025 · P/S: 35.0Q3 2025 · P/S: 42.2Q4 2025 · P/S: 28.0Q1 2026 · P/S: 23.2Q2 2026 · P/S: 27.2Q3 2023Q2 2026
P/EP/S
Revenue
2019: $62.1M2020: $188M2021: $257.9M2022: $320.7M2023: $531.8M2024: $693.4M2025: $1.3B20192025
Net income
2019: -$115M2020: -$209.9M2021: -$259.2M2022: -$289.8M2023: -$214.1M2024: -$705.8M2025: -$245M20192025
EBITDA
2019: -$99.9M2020: -$169.4M2021: -$219.5M2022: -$236.8M2023: -$133.3M2024: -$610.4M2025: -$118.5M20192025
Free cash flow
2019: -$134.1M2020: -$220M2021: -$223.8M2022: -$186.6M2023: -$248.9M2024: -$211.2M2025: -$245.4M20192025
EPS
2019: -$0.922020: -$1.492021: -$1.752022: -$1.972023: -$1.732024: -$4.62025: -$1.4120192025
Cash / Debt
2019 · Cash: $227.6M2019 · Debt: $2.6M2020 · Cash: $513.4M2020 · Debt: $251.4M2021 · Cash: $277.7M2021 · Debt: $238.9M2022 · Cash: $302.9M2022 · Debt: $433M2023 · Cash: $165.8M2023 · Debt: $488.1M2024 · Cash: $341M2024 · Debt: $468.1M2025 · Cash: $604.8M2025 · Debt: $1.3B20192025
CashDebt
Profitability
2019 · Gross margin: +25.9%2020 · Gross margin: +15.3%2021 · Gross margin: +32.4%2022 · Gross margin: +40.6%2023 · Gross margin: +53.8%2024 · Gross margin: +55.0%2025 · Gross margin: +62.7%2019 · Operating margin: -193.0%2020 · Operating margin: -102.9%2021 · Operating margin: -94.5%2022 · Operating margin: -82.8%2023 · Operating margin: -36.9%2024 · Operating margin: -99.7%2025 · Operating margin: -19.9%2019 · Net margin: -185.2%2020 · Net margin: -111.6%2021 · Net margin: -100.5%2022 · Net margin: -90.4%2023 · Net margin: -40.3%2024 · Net margin: -101.8%2025 · Net margin: -19.3%20192025
Gross marginOperating marginNet margin
Revenue growth
2020: +203.0%2021: +37.2%2022: +24.4%2023: +65.8%2024: +30.4%2025: +83.4%20192025
Shares outstanding
2019: 160.7M2020: 169.9M2021: 169.9M2022: 169.9M2023: 154.2M2024: 162.1M2025: 174.3M20192025
Valuation
2019 · P/E: -43.82020 · P/E: -27.02021 · P/E: -23.02022 · P/E: -20.42023 · P/E: -23.32024 · P/E: -7.32025 · P/E: -41.92019 · P/S: 104.22020 · P/S: 36.42021 · P/S: 26.52022 · P/S: 21.32023 · P/S: 11.72024 · P/S: 7.92025 · P/S: 8.120192025
P/EP/S

Refreshed 2h ago

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $410.1M · Updated 2h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.21$1.6B+26%10
FY 20270.02$2B+55%10
FY 20280.68$2.4B+86%8
FY 20291.88$2.8B+120%5
FY 20302.80$3.3B+156%5
Q1 2027-0.10$437M+26%3

Company events

6
2026-11-03EarningsActual - / Estimate -0.07-
2026-07-30EarningsActual -0.04 / Estimate -0.14Beat
2026-05-05EarningsActual -0.13 / Estimate -0.21Beat
2026-02-24EarningsActual -0.04 / Estimate -0.04Beat
2025-11-04EarningsActual -0.11 / Estimate -0.17Beat
2025-08-08EarningsActual -0.22 / Estimate -0.23Beat

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 6, 2026, 04:40 AM UTC

Company profile

Sector
Healthcare
Industry
Medical - Healthcare Information Services
Chief executive
Eric Lefkofsky
Employees
3,800
IPO date
Jun 14, 2024
Country
US
Exchange
NASDAQ
Website
Altman Z-scorei2.83
Piotroski scorei3/9
FMP ratingiD+
Owner earningsi-$8.69M-$0.05 per share
ESG risk ratingiBIndustry rank: 52 out of 81

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
1
Price to earningsi
1
Price to booki
1
Market cap history
2026-06-052026-09-04Latest: $11.63BHigh: $11.63BLow: $8.29B
Largest fund holders
FundWeightShares held
VMID.S0.76%7.3M
ARKK5.7%5.7M
VTI0.01%3.6M
VB0.06%2.6M
ARKG7.97%2.5M
VWUAX0.27%2.2M
VBK0.15%1.5M
VXF0.05%1.2M
AIAG.L3.16%952.7K
IBB0.48%787.9K
JTEK1.03%726.4K
NIW0.15%658.6K

Frequently asked questions

Where can I trade TEM perpetual futures?

Tempus AI, Inc. (TEM) perpetual futures trade on 12 crypto venues, including Bybit, BingX, LBank. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade TEM around the clock?

Yes. Unlike the underlying stock, TEM perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on TEM perpetuals?

Right now the TEM perp funding rate is 0.0% annualized (venue median), ranging from -5.9% to +6.6% across 12 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the TEM perp price compare to the Tempus AI, Inc. stock?

The venue-median TEM perp mark is $65.6 versus a reference stock price of $65.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a TEM perpetual future?

A TEM perpetual is a derivative that tracks the price of Tempus AI, Inc. with no expiry date. It lets you take long or short exposure to Tempus AI, Inc. on crypto venues, around the clock.

What is TEMUSDT perpetual?

TEMUSDT is the symbol most crypto exchanges use for the Tempus AI, Inc. perpetual settled in USDT (Tether). It tracks the TEM share price through an index, trades 24/7 with leverage and never expires.

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