MergerAug 4, 2026, 04:24 PM
Personalis to Merge with Tempus AI; Q2 Net Loss $(31.68)M, Revenue $22.36M
AI Summary
Personalis, Inc. announced it entered into a Merger Agreement with Tempus AI, Inc. on July 20, 2026, with the completion subject to various conditions. Concurrently, the company reported its Q2 2026 financial results, with revenue increasing to $22.36 million from $17.20 million year-over-year. However, the net loss widened significantly to $(31.68) million compared to $(20.06) million in the prior year quarter. The company also noted a decrease in cash and cash equivalents and an increase in its accumulated deficit.
Key Highlights
- Personalis entered a Merger Agreement with Tempus AI, Inc. on July 20, 2026.
- Q2 2026 revenue increased to $22.36M from $17.20M year-over-year.
- Q2 2026 net loss widened to $(31.68)M from $(20.06)M year-over-year.
- YTD June 30, 2026 net loss widened to $(61.72)M from $(35.81)M year-over-year.
- Cash and cash equivalents decreased to $93.97M from $124.25M since Dec 31, 2025.
- Merck & Co., Inc. accounted for 37% of Q2 2026 revenue.
- Total assets decreased to $312.14M from $334.16M since Dec 31, 2025.
- Accumulated deficit increased to $(692.98)M from $(631.26)M since Dec 31, 2025.
Price Impact
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