TELOS CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| 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 |
| Selling, general & administrative | $78.9M | $75.5M | $81.0M | $132.9M | $127.5M |
| Research and development | $7.1M | $8.4M | $11.8M | $16.9M | $19.1M |
| Operating expenses | $100.9M | $90.3M | $93.3M | — | — |
| Operating income | -$39.9M | -$55.9M | -$40.3M | -$53.9M | -$41.5M |
| Interest expense | $553,000 | $644,000 | $786,000 | $874,000 | $777,000 |
| Pretax income | -$37.2M | -$52.5M | -$34.4M | -$53.4M | -$43.2M |
| Income tax expense | -$663,000 | $26,000 | $36,000 | $54,000 | -$28,000 |
| Net income | -$36.5M | -$52.5M | -$34.4M | -$53.4M | -$43.1M |
| Balance Sheet | |||||
| Cash and equivalents | $53.2M | $54.6M | $99.3M | $119.3M | $126.6M |
| Current assets | $94.4M | $91.4M | $140.0M | $168.0M | $191.7M |
| Total assets | $139.9M | $158.2M | $208.7M | $237.4M | $246.1M |
| Current liabilities | $36.8M | $22.1M | $39.2M | $45.5M | $50.9M |
| Total liabilities | $43.9M | $31.1M | $49.7M | $65.0M | $65.8M |
| Stockholders' equity | $96.0M | $127.1M | $159.0M | $172.4M | $180.3M |
| Cash Flow Statement | |||||
| Cash from operations | $30.2M | -$25.9M | $1.6M | $16.5M | $7.3M |
| Depreciation and amortization | $11.5M | $11.9M | $8.9M | $5.9M | $5.6M |
| Stock-based compensation | $30.1M | $21.4M | $24.4M | $64.7M | $60.2M |
| Capital expenditure | $739,000 | $2.3M | $926,000 | $1.0M | $3.2M |
| Free cash flow | $29.4M | -$28.2M | $661,000 | $15.5M | $4.1M |
| Share repurchases | $13.6M | $0 | $139,000 | $11.1M | $1.3M |
| Impairments | $0 | $11.7M | $487,000 | $0 | $0 |
Shares outstanding 74.8M · Free float 83.1%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.