Telos Corp (TLS) Financial Statements
Industry: Computer Integrated Systems Design (Services)
In fiscal 2025, Telos reported revenue of $164.8M, up 52.2% from $108.3M the year before. Net income was -$36.5M (a -22.2% net margin), or -$0.50 per diluted share. Gross margin was 37.0% and operating margin was -24.2%. Operating activities generated $30.2M of cash, leaving $29.4M of free cash flow. At fiscal year end, Telos held $139.9M in total assets against $43.9M in total liabilities, including $53.2M of cash and equivalents.
Open the full interactive Telos financials → Quarterly statements, key ratios, valuation history and price charts.
Telos Key Stats
| Share Price | $4.35 |
|---|---|
| Market Cap | $337.3M |
| Revenue YoY Growth | +52.2% |
| 52-Week Range | $3.88 – $7.76 |
| Shares Outstanding | 74.9 million (basic, 2026 Q2) |
Telos Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $179.9M | $242.4M | $216.9M | $145.4M | $108.3M | $164.8M |
| Cost of Goods Sold | $117.5M | $156.4M | $137.8M | $92.4M | $73.8M | $103.8M |
| Gross Profit | $62.4M | $86.0M | $79.0M | $52.9M | $34.4M | $61.0M |
| Operating Income | $297,000 | -$41.5M | -$53.9M | -$40.3M | -$55.9M | -$39.9M |
| Pre-Tax Income | $6.8M | -$43.2M | -$53.4M | -$34.4M | -$52.5M | -$37.2M |
| Income Tax | -$46,000 | -$28,000 | $54,000 | $36,000 | $26,000 | -$663,000 |
| Net Income | $1.7M | -$43.1M | -$53.4M | -$34.4M | -$52.5M | -$36.5M |
| Diluted EPS | $0.04 | -$0.65 | -$0.79 | -$0.50 | -$0.73 | -$0.50 |
Telos Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $51.4M | $46.8M | $47.7M | $47.7M |
| Net Income | -$2.1M | -$16.3M | $2.0M | $660,000 |
| Diluted EPS | -$0.03 | -$0.22 | $0.03 | $0.01 |
Telos Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $106.0M | $126.6M | $119.3M | $99.3M | $54.6M | $53.2M |
| Current Assets | $144.1M | $191.7M | $168.0M | $140.0M | $91.4M | $94.4M |
| Total Assets | $183.8M | $246.1M | $237.4M | $208.7M | $158.2M | $139.9M |
| Current Liabilities | $38.9M | $50.9M | $45.5M | $39.2M | $22.1M | $36.8M |
| Total Liabilities | $56.7M | $65.8M | $65.0M | $49.7M | $31.1M | $43.9M |
| Shareholders' Equity | $127.1M | $180.3M | $172.4M | $159.0M | $127.1M | $96.0M |
Telos Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.1M | $7.3M | $16.5M | $1.6M | -$25.9M | $30.2M |
| Cash From Investing | -$7.5M | -$19.1M | -$13.7M | -$15.5M | -$16.8M | -$8.9M |
| Cash From Financing | $108.9M | $32.3M | -$9.9M | -$6.2M | -$2.0M | -$22.7M |
| Free Cash Flow | -$2.9M | $4.1M | $15.5M | $661,000 | -$28.2M | $29.4M |
Figures from Telos' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Telos financials page for every line item.
Telos Company Profile
| Ticker | TLS |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Integrated Systems Design (Services) |
| Headquarters | Ashburn, Virginia |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0000320121 |
Frequently Asked Questions
What was Telos' revenue in fiscal 2025?
Telos (TLS) reported revenue of $164.8M for fiscal 2025.
What is Telos' annual revenue history?
Telos' annual revenue by fiscal year: 2020: $179.9M; 2021: $242.4M; 2022: $216.9M; 2023: $145.4M; 2024: $108.3M; 2025: $164.8M.
What was Telos' net income in fiscal 2025?
Telos reported net income of -$36.5M for fiscal 2025.
What was Telos' earnings per share (EPS) in fiscal 2025?
Telos' diluted EPS was -$0.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Telos generate in fiscal 2025?
Telos generated $29.4M of free cash flow in fiscal 2025.
What was Telos' revenue last quarter?
In its most recent reported quarter (2026 Q2), Telos reported revenue of $47.7M.
How many shares of Telos are outstanding?
Telos reported a weighted average of 74.9 million basic shares outstanding in 2026 Q2.
What is Telos' market cap?
Based on its latest closing price, Telos (TLS) has a market capitalization of about $337.3M.
When does Telos' fiscal year end?
Telos' fiscal year end, as registered with the SEC, is December 31.
Where is Telos headquartered?
Telos lists its business address in Ashburn, Virginia in its SEC filings.
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