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  "documentTitle": "Tempus AI, Inc. (TEM)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-05-28 00:00:00",
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  "notes": "The slide uses a waterfall-style logic to bridge from reported TCV to an adjusted core TCV figure.",
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      "text": "Explanation of adjustments: Cumulative Opt-ins, Kronos Milestone Payments, Potential Round Tripped Payments, Related Party Transactions, Tempus SB.",
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      "text": "Tempus defines Total Contract Value (TCV) as the total potential value of signed contracts... The table below presents a reconciliation from Tempus's stated TCV to a more conservative, adjusted TCV.",
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      "text": "Source: Presentations (Q4'24), FY24 10-K, 8-K, Q1'25 10-Q, KRON Q3'24 10-Q. Footnotes 1-6.",
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