Telos Corp
TLS- Exchange
- Nasdaq
- Industry
- Services-Computer Integrated Systems Design
- SEC CIK
- 0000320121
In the last 90 days, Telos Corp insiders filed 0 open-market purchases and 7 sales; 159 institutions reported holding it in 13F filings for Q2 2026, worth $232.7M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 10, 2026, 1:11 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $36.5M (22.2% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 16, 2026 | Mar 10, 2025 | Mar 15, 2024 | Mar 16, 2023 | Mar 1, 2022 |
| Revenue | $164.8M | $108.3M | $145.4M | $216.9M | $242.4M |
| Cost of revenue | $103.8M | $73.8M | $92.4M | $137.8M | $156.4M |
| Gross profit | $61.0M | $34.4M | $52.9M | $79.0M | $86.0M |
| Operating expenses | $100.9M | $90.3M | – | – | – |
| Research and development | $7.06M | $8.44M | $12.2M | $16.9M | $19.1M |
| Selling, general and administrative | $78.9M | $75.5M | $93.3M | $132.9M | $127.5M |
| Operating income | -$39.9M | -$55.9M | -$40.3M | -$53.9M | -$41.5M |
| Interest expense | – | – | $786.0K | $874.0K | $777.0K |
| Income tax | -$663.0K | $26.0K | $36.0K | $54.0K | -$28.0K |
| Net income | -$36.5M | -$52.5M | -$34.4M | -$53.4M | -$43.1M |
| EPS, basic | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 |
| EPS, diluted | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 |
| Weighted shares, basic | 72.9M | 71.8M | 69.3M | 67.6M | 66.4M |
| Weighted shares, diluted | 72.9M | 71.8M | 69.3M | 67.6M | 66.4M |
| Margins and growth | |||||
| Gross margin | 37.0% | 31.8% | 36.4% | 36.4% | 35.5% |
| Operating margin | -24.2% | -51.6% | -27.7% | -24.8% | -17.1% |
| Net margin | -22.2% | -48.5% | -23.7% | -24.6% | -17.8% |
| Revenue growth, year over year | +52.2% | −25.5% | −33.0% | −10.5% | +34.7% |
| Net income growth, year over year | – | – | – | – | −2,656.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 16, 2026 | Mar 10, 2025 | Mar 15, 2024 | Mar 16, 2023 | Mar 1, 2022 |
| Cash and equivalents | $53.2M | $54.6M | $99.3M | $119.3M | $126.6M |
| Accounts receivable | $17.0M | $19.2M | $30.4M | $40.1M | $59.8M |
| Inventory | $996.0K | $1.78M | $1.42M | $2.88M | $1.25M |
| Total current assets | $94.4M | $91.4M | $140.0M | $168.0M | $191.7M |
| Property, plant and equipment | $3.07M | $4.28M | $3.46M | $4.79M | – |
| Goodwill | $3.01M | $17.9M | $17.9M | $17.9M | $17.9M |
| Intangible assets | $30.3M | $30.4M | $39.6M | $37.4M | $19.2M |
| Total assets | $139.9M | $158.2M | $208.7M | $237.4M | $246.1M |
| Accounts payable | $4.09M | $1.15M | $8.31M | $12.6M | $9.25M |
| Total current liabilities | $36.8M | $22.1M | $39.2M | $45.5M | $50.9M |
| Total liabilities | $43.9M | $31.1M | $49.7M | $65.0M | $65.8M |
| Shareholders' equity | $96.0M | $127.1M | $159.0M | $172.4M | $180.3M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 16, 2026 | Mar 10, 2025 | Mar 15, 2024 | Mar 16, 2023 | Mar 1, 2022 |
| Operating cash flow | $30.2M | -$25.9M | $1.59M | $16.5M | $7.26M |
| Capital expenditures | $739.0K | $2.25M | $926.0K | $1.01M | $3.20M |
| Free cash flow | $29.4M | -$28.2M | $661.0K | $15.5M | $4.06M |
| Depreciation and amortization | $11.5M | $11.9M | $9.43M | $5.89M | $5.62M |
| Stock-based compensation | $30.1M | $21.4M | $24.4M | $64.7M | $60.2M |
| Share buybacks | $13.6M | $0 | $139.0K | $11.1M | $1.25M |
| Investing cash flow | -$8.91M | -$16.8M | -$15.5M | -$13.7M | -$19.1M |
| Financing cash flow | -$22.7M | -$1.98M | -$6.15M | -$9.91M | $32.3M |
| Net change in cash | -$1.40M | -$44.7M | -$20.0M | -$7.12M | $20.5M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 18.3% | 19.8% | 16.8% | 29.8% | 24.8% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.