What is Telos Corporation's earnings per share (EPS)?

Telos Corporation (TLS) reported diluted earnings per share of -$0.50 for fiscal year 2025. This represents a 31.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Telos Corporation (TLS) Financials

TLS

Trailing 12 months to June 30, 2026

Revenue $193.7M +65.9% YoY

Net Income -$15.7M +71.6% YoY

EPS (Diluted) -$0.21 +72.7% YoY

Free Cash Flow $33.7M +602.2% YoY

Market Cap $327.3M as of Oct 13, 2026

Price / Sales 1.7x on $193.7M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 3.5x on $93.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TLS SEC filings page.

Telos Corporation (TLS) reported $193.7M in revenue over the twelve months to Jun 30, 2026, up 65.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TLS FY2025 2026-10-03

2025’s sales rebound revived cash generation, yet the company remains loss-making and is financing a thinner equity base.

The earnings-to-cash split is the unusual feature: FY2025 produced operating cash flow of $30.2M despite a net loss of $36.5M, reversing the prior year’s negative cash generation. That reversal suggests cash was supported by non-cash items or working-capital movement, rather than by reported profitability.

Revenue rebounded sharply in FY2025, while gross margin widened and SG&A remained broadly stable; this combination indicates fixed-cost absorption improved, but not enough to cover the operating cost base. Operating margin improved to -24.2% from -51.6%, so the recovery reduced losses without reaching break-even.

The balance sheet became less forgiving as equity contracted and debt-to-equity rose, even while the company generated positive free cash flow. The current ratio fell from 4.1x to 2.6x, indicating that its short-term liquidity cushion narrowed during the broader financial recovery.

Financial Health Signals

Financial Health Score 47/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Telos Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Telos Corporation held $53.2M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $30.2M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Telos Corporation scores 86/100 among other emerging companies.

Dilution

Telos Corporation had 74M shares outstanding at the end of fiscal year 2025, against 73M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Telos Corporation scores 63/100 among other emerging companies.

R&D Intensity

Telos Corporation spent $7.1M on research and development in fiscal year 2025, which was 3.4% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Telos Corporation scores 19/100 among other emerging companies.

Revenue Progress

Telos Corporation reported revenue of $164.8M in fiscal year 2025, against $108.3M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Telos Corporation scores 51/100 among other emerging companies.

Burn Trend

Not available for Telos Corporation, and counted as zero in the overall score.

Balance Sheet

Telos Corporation's cash, cash equivalents and investments came to $53.2M at the end of fiscal year 2025, against $43.9M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Telos Corporation scores 63/100 among other emerging companies.

Altman Z-Score Distress

1.56

Telos Corporation scores 1.56, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($327.3M) relative to total liabilities ($43.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Telos Corporation passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

N/A

Telos Corporation reported a net loss of $36.5M while generating $30.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Telos Corporation reported an operating loss of $39.9M against $553K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$47.7M

YoY+32.7%

QoQ0.0%

5Y CAGR-2.3%

10Y CAGR+5.9%

Telos Corporation generated $47.7M in revenue in Q2 2026. This represents an increase of 32.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

EBITDA

$3.7M

YoY+149.6%

QoQ-25.1%

Telos Corporation's EBITDA was $3.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 149.6% from the same quarter a year earlier. Against the prior quarter it is down 25.1%.

Net Income

$660K

YoY+106.9%

QoQ-67.4%

Telos Corporation reported $660K in net income in Q2 2026. This represents an increase of 106.9% from the same quarter a year earlier. Against the prior quarter it is down 67.4%.

EPS (Diluted)

$0.01

YoY+107.7%

QoQ-66.7%

Telos Corporation earned $0.01 per diluted share (EPS) in Q2 2026. This represents an increase of 107.7% from the same quarter a year earlier. Against the prior quarter it is down 66.7%.

Cash & Balance Sheet

Free Cash Flow

$8.6M

YoY+26.0%

QoQ+0.9%

5Y CAGR+23.9%

10Y CAGR+18.6%

Telos Corporation generated $8.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 26.0% from the same quarter a year earlier. Against the prior quarter it is up 0.9%.

Cash & Debt

$50.6M

YoY-11.1%

QoQ+0.8%

5Y CAGR-17.3%

10Y CAGR+105.3%

Telos Corporation held $50.6M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

75M

YoY+2.8%

QoQ-0.1%

5Y CAGR+2.3%

Telos Corporation had 75M shares outstanding in Q2 2026. This represents an increase of 2.8% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

35.0%

YoY+1.8pp

QoQ-1.4pp

5Y change-7.0pp

10Y change-0.3pp

Telos Corporation's gross margin was 35.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.

Operating Margin

0.7%

YoY+28.1pp

QoQ-2.4pp

5Y change+33.2pp

Telos Corporation's operating margin was 0.7% in Q2 2026, reflecting core business profitability. This is up 28.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.

Net Margin

1.4%

YoY+27.8pp

QoQ-2.9pp

5Y change+34.3pp

10Y change+8.5pp

Telos Corporation's net profit margin was 1.4% in Q2 2026, showing the share of revenue converted to profit. This is up 27.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.9 percentage points.

Return on Equity

0.7%

YoY+8.8pp

QoQ-1.4pp

5Y change+11.3pp

Telos Corporation's ROE was 0.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 8.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.

Capital Allocation

R&D Spending

$1.3M

YoY-11.0%

QoQ-0.9%

5Y CAGR-24.1%

Telos Corporation invested $1.3M in research and development in Q2 2026. This represents a decrease of 11.0% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Share Buybacks

$4.7M

YoY+17.2%

QoQ+113.4%

Telos Corporation spent $4.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 17.2% from the same quarter a year earlier. Against the prior quarter it is up 113.4%.

Capital Expenditures

$246K

YoY+83.6%

QoQ+69.7%

5Y CAGR-16.1%

10Y CAGR+9.8%

Telos Corporation invested $246K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 83.6% from the same quarter a year earlier. Against the prior quarter it is up 69.7%.

TLS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TLS quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$193.7M	$164.8M+52.2%	$108.3M-25.5%	$145.4M-33.0%	$216.9M-10.5%	$242.4M+34.7%	$179.9M+13.0%	$159.2M+15.4%	$138.0M+28.1%	$107.7M-20.1%	$134.9M+11.8%	$120.6M-5.4%	$127.6M-38.5%	$207.4M-8.3%	$226.1M+19.1%	$189.9M
Cost of Revenue	$122.7M	$103.8M+40.6%	$73.8M-20.1%	$92.4M-32.9%	$137.8M-11.9%	$156.4M+33.1%	$117.5M+9.9%	$106.9M+25.8%	$85.0M+26.5%	$67.2M-26.5%	$91.4M+1.6%	$90.0M-12.3%	$102.6M-39.2%	$168.8M-1.5%	$171.3M+20.3%	$142.3M
Gross Profit	$71.0M	$61.0M+77.2%	$34.4M-35.0%	$52.9M-33.0%	$79.0M-8.1%	$86.0M+37.8%	$62.4M+19.2%	$52.3M-1.4%	$53.1M+30.8%	$40.6M-6.6%	$43.4M+41.6%	$30.7M+22.9%	$25.0M-35.4%	$38.6M-29.6%	$54.8M+15.3%	$47.5M
R&D Expenses	$6.7M	$7.1M-16.4%	$8.4M-28.2%	$11.8M-30.5%	$16.9M-11.4%	$19.1M+34.1%	$14.2M+33.8%	$10.6M+21.6%	$8.8M+150.1%	$3.5M+9.4%	$3.2M+52.4%	$2.1M-4.5%	$2.2M+29.4%	$1.7M+41.7%	$1.2M+20.0%	$1.0M
SG&A Expenses	$68.6M	$78.9M+4.6%	$75.5M-6.8%	$81.0M-39.0%	$132.9M+4.2%	$127.5M+105.2%	$62.1M+31.3%	$47.3M+7.4%	$44.0M+9.7%	$40.2M-2.9%	$41.3M+20.5%	$34.3M-6.3%	$36.6M+12.6%	$32.5M-12.4%	$37.1M+6.5%	$34.9M
Operating Income	-$19.2M	-$39.9M+28.6%	-$55.9M-38.6%	-$40.3M+25.1%	-$53.9M-29.9%	-$41.5M-14060.9%	$297K-94.1%	$5.0M-44.3%	$9.0M+2077.3%	$414K-80.4%	$2.1M+158.4%	-$3.6M+68.9%	-$11.6M-290.5%	$6.1M-65.5%	$17.7M+39.5%	$12.7M
EBITDA	N/A	-$28.4M+35.4%	-$44.0M-40.3%	-$31.4M+34.6%	-$48.0M-33.8%	-$35.8M-734.3%	$5.7M-43.5%	$10.0M-17.0%	$12.0M+399.0%	$2.4M-51.8%	$5.0M+643.3%	$674K+109.1%	-$7.4M-174.5%	$9.9M-53.8%	$21.5M+39.6%	$15.4M
Interest Expense	$483K	$553K-14.1%	$644K-18.1%	$786K-10.1%	$874K+12.5%	$777K-89.3%	$7.3M-2.8%	$7.5M+2.9%	$7.3M+8.5%	$6.7M+22.4%	$5.5M-3.1%	$5.6M+5.0%	$5.4M-2.1%	$5.5M-17.3%	$6.6M+5.9%	$6.3M
Income Tax	-$643K	-$663K-2650.0%	$26K-27.8%	$36K-33.3%	$54K+292.9%	-$28K+39.1%	-$46K+55.8%	-$104K-435.5%	$31K+101.1%	-$2.8M-928.4%	$334K-92.2%	$4.3M+171.2%	-$6.0M-456.9%	$1.7M-76.8%	$7.2M+123.3%	$3.2M
Net Income	-$15.7M	-$36.5M+30.4%	-$52.5M-52.6%	-$34.4M+35.6%	-$53.4M-23.9%	-$43.1M-2656.8%	$1.7M+126.4%	-$6.4M-290.3%	-$1.6M+71.9%	-$5.8M+18.7%	-$7.2M+55.0%	-$15.9M-29.7%	-$12.3M-369.4%	-$2.6M-135.2%	$7.4M+411.3%	$1.5M
EPS (Basic)	N/A	-$0.50+31.5%	-$0.73-46.0%	-$0.50+36.7%	-$0.79-21.5%	-$0.65-1725.0%	$0.04+123.5%	-$0.17-325.0%	-$0.04	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	-$0.21	-$0.50+31.5%	-$0.73-46.0%	-$0.50+36.7%	-$0.79-21.5%	-$0.65	$0.04+123.5%	-$0.17-325.0%	-$0.04	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	73M+1.4%	72M+3.7%	69M+2.5%	68M+1.8%	66M	43M+13.6%	38M+2.6%	37M	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$47.7M+32.7%	$47.7M+55.9%	$46.8M+77.4%	$51.4M+116.3%	$36.0M+26.2%	$30.6M+3.4%	$26.4M-35.8%	$23.8M-34.3%
Cost of Revenue	$31.1M+29.2%	$30.4M+64.7%	$30.4M+93.1%	$30.9M+49.7%	$24.0M+27.9%	$18.4M-1.2%	$15.8M-41.6%	$20.6M-10.9%
Gross Profit	$16.7M+39.9%	$17.4M+42.6%	$16.4M+54.0%	$20.5M+553.7%	$11.9M+22.9%	$12.2M+11.1%	$10.6M-24.6%	$3.1M-75.8%
R&D Expenses	$1.3M-11.0%	$1.4M-13.6%	$2.1M+47.8%	$1.9M-21.2%	$1.5M+3.6%	$1.6M-50.4%	$1.4M-59.6%	$2.4M-14.1%
SG&A Expenses	$15.0M-25.9%	$14.6M-25.8%	$17.9M-6.6%	$21.1M-9.1%	$20.3M+20.2%	$19.6M+21.0%	$19.1M+23.5%	$23.2M+2.3%
Operating Income	$310K+103.1%	$1.5M+116.1%	-$18.5M-86.4%	-$2.5M+91.4%	-$9.9M-14.3%	-$9.0M-6.9%	-$9.9M-21.3%	-$28.9M-197.8%
EBITDA	$3.7M+149.6%	$4.9M+173.0%	-$15.1M-103.0%	$709K+102.7%	-$7.4M-43.1%	-$6.7M-25.9%	-$7.4M-42.0%	-$26.1M-282.5%
Interest Expense	$107K-24.1%	$111K-24.5%	$129K-15.1%	$136K-13.4%	$141K-11.9%	$147K-16.0%	$152K-13.1%	$157K-11.8%
Income Tax	$44K-4.3%	$18K+550.0%	-$726K-2804.0%	$21K+23.5%	$46K+170.6%	-$4K-123.5%	-$25K+21.9%	$17K-26.1%
Net Income	$660K+106.9%	$2.0M+123.5%	-$16.3M-74.8%	-$2.1M+92.5%	-$9.5M-22.7%	-$8.6M-16.6%	-$9.3M-33.7%	-$28.1M-223.5%
EPS (Basic)	$0.01+107.7%	$0.03+125.0%	-$0.22-69.2%	-$0.03+92.3%	-$0.13-18.2%	-$0.12-20.0%	-$0.13-30.0%	-$0.39-225.0%
EPS (Diluted)	$0.01+107.7%	$0.03+125.0%	-$0.22-69.2%	-$0.03+92.3%	-$0.13-18.2%	-$0.12-20.0%	-$0.13-30.0%	-$0.39-225.0%
Diluted Shares (Avg)	78M+6.0%	78M+6.7%	N/A	73M+0.4%	73M+1.6%	73M+3.0%	N/A	72M+3.9%

TLS Balance Sheet

TLS quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$139.9M-11.6%	$158.2M-24.2%	$208.7M-12.1%	$237.4M-3.5%	$246.1M+33.9%	$183.8M+136.6%	$77.7M+4.3%	$74.5M+0.1%	$74.4M+31.0%	$56.8M-5.3%	$60.0M-18.8%	$73.8M-16.7%	$88.6M+11.9%	$79.2M-11.9%	$89.8M
Current Assets	$94.4M+3.3%	$91.4M-34.7%	$140.0M-16.7%	$168.0M-12.4%	$191.7M+33.0%	$144.1M+258.1%	$40.2M-2.4%	$41.2M-2.2%	$42.1M+68.6%	$25.0M-3.2%	$25.8M-22.7%	$33.4M-36.3%	$52.5M+0.7%	$52.1M-10.0%	$57.9M
Cash & Equivalents	$53.2M-2.6%	$54.6M-45.0%	$99.3M-16.8%	$119.3M-5.7%	$126.6M+19.3%	$106.0M+1470.8%	$6.8M+9276.4%	$72K-88.0%	$600K-9.0%	$659K+1036.2%	$58K+81.3%	$32K-66.0%	$94K-59.0%	$229K+4.1%	$220K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$996K-44.1%	$1.8M+25.6%	$1.4M-50.6%	$2.9M+130.7%	$1.2M-62.3%	$3.3M+68.5%	$2.0M-55.2%	$4.4M-67.5%	$13.5M+280.6%	$3.6M+22.4%	$2.9M-13.3%	$3.3M-31.5%	$4.9M-52.5%	$10.3M-30.1%	$14.7M
Accounts Receivable	$17.0M-11.3%	$19.2M-37.0%	$30.4M-24.1%	$40.1M-33.0%	$59.8M+93.6%	$30.9M+10.6%	$27.9M-19.1%	$34.5M+40.9%	$24.5M+28.5%	$19.1M+0.2%	$19.0M-15.4%	$22.5M-50.6%	$45.6M+34.7%	$33.9M-8.3%	$36.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.0M-83.2%	$17.9M0.0%	$17.9M0.0%	$17.9M0.0%	$17.9M+20.2%	$14.9M0.0%	$14.9M0.0%	$14.9M0.0%	$14.9M0.0%	$14.9M0.0%	$14.9M0.0%	$14.9M0.0%	$14.9M0.0%	$14.9M-1.2%	$15.1M
Total Liabilities	$43.9M+41.2%	$31.1M-37.4%	$49.7M-23.6%	$65.0M-1.2%	$65.8M+16.1%	$56.7M-73.5%	$214.3M+3.7%	$206.6M-1.8%	$210.5M+12.7%	$186.8M+1.3%	$184.3M+1.1%	$182.3M-3.0%	$188.0M+6.9%	$176.0M-9.4%	$194.2M
Current Liabilities	$36.8M+66.2%	$22.1M-43.5%	$39.2M-13.9%	$45.5M-10.7%	$50.9M+30.8%	$38.9M+4.4%	$37.3M-4.6%	$39.1M-15.4%	$46.2M+37.4%	$33.6M+35.8%	$24.8M-18.0%	$30.2M-14.1%	$35.2M-5.2%	$37.1M-13.2%	$42.7M
Non-Current Liabilities	$7.1M-20.5%	$9.0M-14.6%	$10.5M-46.3%	$19.5M+31.3%	$14.9M-16.2%	$17.8M-90.0%	$177.0M+5.7%	$167.5M+2.0%	$164.2M+7.2%	$153.1M-4.0%	$159.6M+4.9%	$152.1M-0.5%	$152.9M+10.1%	$138.9M-8.3%	$151.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$11.0M+1.8%	$10.8M	$0-100.0%	$8.5M-21.5%	$10.9M-45.1%	$19.8M+4.7%	$18.9M	N/A
Total Equity	$96.0M-24.5%	$127.1M-20.0%	$159.0M-7.7%	$172.4M-4.4%	$180.3M+41.8%	$127.1M+190.1%	-$141.1M-4.8%	-$134.7M+1.6%	-$136.9M-3.6%	-$132.2M-5.7%	-$125.0M-14.6%	-$109.1M-9.2%	-$99.9M-2.7%	-$97.3M+7.1%	-$104.7M
Retained Earnings	-$363.9M-11.2%	-$327.3M-19.1%	-$274.8M-14.3%	-$240.4M-28.6%	-$187.0M-30.0%	-$143.8M+1.2%	-$145.5M-4.6%	-$139.1M+1.6%	-$141.4M-4.3%	-$135.5M-5.6%	-$128.4M-14.2%	-$112.4M-12.3%	-$100.1M-2.7%	-$97.5M+7.1%	-$105.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$139.7M-15.3%	$139.9M-11.5%	$139.9M-11.6%	$164.3M-1.2%	$165.0M-9.5%	$158.1M-19.1%	$158.2M-24.2%	$166.3M-18.8%
Current Assets	$96.8M-5.8%	$95.6M+1.6%	$94.4M+3.3%	$102.8M+3.5%	$102.8M-6.7%	$94.1M-23.5%	$91.4M-34.7%	$99.3M-27.1%
Cash & Equivalents	$50.6M-11.1%	$50.2M-13.1%	$53.2M-2.6%	$59.0M-15.4%	$57.0M-28.8%	$57.8M-38.5%	$54.6M-45.0%	$69.8M-30.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$4.9M+17.7%	$2.9M+94.1%	$996K-44.1%	$3.4M+140.3%	$4.2M+205.0%	$1.5M+1.6%	$1.8M+25.6%	$1.4M+42.9%
Accounts Receivable	$18.0M-5.8%	$16.4M-12.4%	$17.0M-11.3%	$20.4M+37.2%	$19.1M+11.2%	$18.8M+0.4%	$19.2M-37.0%	$14.9M-41.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.0M-83.2%	$3.0M-83.2%	$3.0M-83.2%	$17.9M0.0%	$17.9M0.0%	$17.9M0.0%	$17.9M0.0%	$17.9M0.0%
Total Liabilities	$46.3M-0.6%	$43.4M+35.7%	$43.9M+41.2%	$44.6M+21.1%	$46.6M+40.3%	$31.9M-22.0%	$31.1M-37.4%	$36.8M-9.5%
Current Liabilities	$40.6M+4.9%	$37.0M+57.2%	$36.8M+66.2%	$37.3M+36.6%	$38.7M+67.3%	$23.5M-22.6%	$22.1M-43.5%	$27.3M-7.7%
Non-Current Liabilities	$5.7M-27.8%	$6.4M-24.2%	$7.1M-20.5%	$7.3M-23.2%	$7.9M-21.6%	$8.4M-20.4%	$9.0M-14.6%	$9.6M-14.2%
Total Equity	$93.4M-21.1%	$96.5M-23.5%	$96.0M-24.5%	$119.7M-7.6%	$118.4M-20.6%	$126.1M-18.3%	$127.1M-20.0%	$129.5M-21.1%
Retained Earnings	-$361.2M-4.6%	-$361.9M-7.7%	-$363.9M-11.2%	-$347.6M-9.3%	-$345.5M-19.1%	-$336.0M-19.0%	-$327.3M-19.1%	-$318.0M-18.7%

Not reported in any period shown, so not listed: Long-Term Debt.

TLS Cash Flow Statement

TLS quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$34.6M	$30.2M+216.4%	-$25.9M-1734.4%	$1.6M-90.4%	$16.5M+127.3%	$7.3M+445.2%	-$2.1M-117.8%	$11.8M+88.5%	$6.3M+1160.6%	-$591K-104.3%	$13.9M+408.8%	$2.7M-56.0%	$6.2M+28.6%	$4.8M-70.0%	$16.1M+7.7%	$14.9M
Depreciation & Amortization	N/A	$11.5M-3.5%	$11.9M+32.7%	$8.9M+51.8%	$5.9M+4.7%	$5.6M+5.1%	$5.4M+7.7%	$5.0M+64.2%	$3.0M+51.5%	$2.0M-31.0%	$2.9M-32.5%	$4.3M+0.9%	$4.3M+11.4%	$3.8M+0.1%	$3.8M+39.7%	$2.7M
Stock-Based Compensation	N/A	$30.1M+40.8%	$21.4M-12.2%	$24.4M-62.3%	$64.7M+7.4%	$60.2M+1505675.0%	$4K	$0	$0-100.0%	$50K	$0	$0-100.0%	$12K-72.1%	$43K	$0	$0
Capital Expenditures	$873K	$739K-67.2%	$2.3M+143.2%	$926K-8.2%	$1.0M-68.5%	$3.2M+310.4%	$780K-80.9%	$4.1M+65.9%	$2.5M+229.5%	$748K+19.9%	$624K+58.4%	$394K-40.8%	$665K+23.4%	$539K-8.8%	$591K-0.8%	$596K
Free Cash Flow	$33.7M	$29.4M+204.4%	-$28.2M-4364.8%	$661K-95.7%	$15.5M+281.7%	$4.1M+240.8%	-$2.9M-137.3%	$7.7M+103.2%	$3.8M+384.0%	-$1.3M-110.1%	$13.2M+468.1%	$2.3M-57.8%	$5.5M+29.2%	$4.3M-72.4%	$15.5M+8.1%	$14.3M
Investing Cash Flow	-$8.8M	-$8.9M+46.8%	-$16.8M-8.3%	-$15.5M-12.8%	-$13.7M+28.2%	-$19.1M-155.9%	-$7.5M-14.2%	-$6.5M-58.8%	-$4.1M-84.6%	-$2.2M-257.2%	-$624K-58.4%	-$394K+40.8%	-$665K-23.4%	-$539K+8.8%	-$591K+93.1%	-$8.6M
Financing Cash Flow	-$32.2M	-$22.7M-1042.3%	-$2.0M+67.7%	-$6.2M+38.0%	-$9.9M-130.7%	$32.3M-70.3%	$108.9M+7703.5%	$1.4M+152.0%	-$2.7M-197.1%	$2.8M+121.9%	-$12.6M-448.4%	-$2.3M+58.7%	-$5.6M-26.7%	-$4.4M+71.5%	-$15.4M-149.2%	-$6.2M
Share Buybacks	$16.5M	$13.6M	$0-100.0%	$139K-98.8%	$11.1M+790.9%	$1.3M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$8.8M+27.1%	$8.7M+41.8%	$8.0M+175.9%	$9.1M+229.2%	$7.0M+187.0%	$6.1M+1844.6%	-$10.5M-312.3%	-$7.1M-936.9%
Depreciation & Amortization	$3.3M+33.4%	$3.4M+46.8%	$3.4M+37.2%	$3.2M+15.6%	$2.5M-28.1%	$2.3M-25.3%	$2.5M-15.4%	$2.7M-4.1%
Stock-Based Compensation	$3.2M-58.6%	$3.0M-57.8%	N/A	$9.4M+6.5%	$7.8M+249.6%	$7.0M+136.2%	N/A	$8.8M+68.9%
Capital Expenditures	$246K+83.6%	$145K+17.9%	$30K-98.4%	$452K+822.4%	$134K-43.0%	$123K+26.8%	$1.9M+224.8%	$49K-38.8%
Free Cash Flow	$8.6M+26.0%	$8.5M+42.3%	$8.0M+164.2%	$8.7M+222.0%	$6.8M+182.9%	$6.0M+1438.5%	-$12.4M-383.0%	-$7.1M-1030.7%
Investing Cash Flow	-$2.2M+4.5%	-$2.3M+2.6%	-$1.7M+60.0%	-$2.5M+10.3%	-$2.3M+57.8%	-$2.3M+43.7%	-$4.3M-34.8%	-$2.8M+26.1%
Financing Cash Flow	-$6.2M-14.3%	-$9.3M-1577.9%	-$12.1M-2989.1%	-$4.5M-974.7%	-$5.4M-1583.9%	-$556K+34.3%	-$393K+84.1%	-$423K+14.9%
Share Buybacks	$4.7M+17.2%	$2.2M	$6.0M	$3.6M	$4.0M	$0	$0	$0

Not reported in any period shown, so not listed: Dividends Paid.

TLS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TLS quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	37.0%+5.2pp	31.8%-4.6pp	36.4%0.0pp	36.4%+1.0pp	35.5%+0.8pp	34.7%+1.8pp	32.9%-5.6pp	38.5%+0.8pp	37.7%+5.4pp	32.2%+6.8pp	25.4%+5.9pp	19.6%+1.0pp	18.6%-5.6pp	24.2%-0.8pp	25.0%
Operating Margin	-24.2%+27.4pp	-51.6%-23.9pp	-27.7%-2.9pp	-24.8%-7.7pp	-17.1%-17.3pp	0.2%-3.0pp	3.2%-3.4pp	6.5%+6.2pp	0.4%-1.2pp	1.6%+4.6pp	-3.0%+6.1pp	-9.1%-12.1pp	2.9%-4.9pp	7.8%+1.1pp	6.7%
Net Margin	-22.2%+26.3pp	-48.5%-24.8pp	-23.7%+0.9pp	-24.6%-6.8pp	-17.8%-18.7pp	0.9%+5.0pp	-4.0%-2.8pp	-1.2%+4.2pp	-5.4%-0.1pp	-5.3%+7.9pp	-13.2%-3.6pp	-9.6%-8.4pp	-1.3%-4.5pp	3.3%+2.5pp	0.8%
Return on Equity	-38.1%+3.2pp	-41.3%-19.7pp	-21.6%+9.3pp	-31.0%-7.1pp	-23.9%-25.3pp	1.3%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-26.1%+7.1pp	-33.2%-16.7pp	-16.5%+6.0pp	-22.5%-5.0pp	-17.5%-18.4pp	0.9%+9.2pp	-8.2%-6.0pp	-2.2%+5.6pp	-7.8%+4.8pp	-12.6%+13.9pp	-26.6%-9.9pp	-16.7%-13.7pp	-2.9%-12.3pp	9.4%+7.8pp	1.6%
Current Ratio	2.57-1.6x	4.13+0.6x	3.57-0.1x	3.69-0.1x	3.76+0.1x	3.70+2.6x	1.080.0x	1.05+0.1x	0.91+0.2x	0.74-0.3x	1.04-0.1x	1.11-0.4x	1.49+0.1x	1.41+0.1x	1.36
Debt-to-Equity	0.46+0.2x	0.24-0.1x	0.31-0.1x	0.380.0x	0.37-0.1x	0.45	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	1.18+0.5x	0.680.0x	0.70-0.2x	0.91-0.1x	0.990.0x	0.98-1.1x	2.05+0.2x	1.85+0.4x	1.45-0.9x	2.37+0.4x	2.01+0.3x	1.73-0.6x	2.34-0.5x	2.86+0.7x	2.11
FCF Margin	17.9%+43.9pp	-26.0%-26.5pp	0.4%-6.7pp	7.1%+5.5pp	1.7%+3.3pp	-1.6%-6.5pp	4.9%+2.1pp	2.8%+4.0pp	-1.2%-11.1pp	9.8%+7.9pp	1.9%-2.4pp	4.3%+2.3pp	2.1%-4.8pp	6.8%-0.7pp	7.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	35.0%+1.8pp	36.4%-3.4pp	35.0%-5.3pp	39.9%+26.7pp	33.2%-0.9pp	39.8%+2.8pp	40.3%+5.9pp	13.2%-22.7pp
Operating Margin	0.7%+28.1pp	3.0%+32.5pp	-39.6%-1.9pp	-4.8%	-27.5%+2.9pp	-29.5%-1.0pp	-37.6%-17.7pp	-121.4%
Net Margin	1.4%+27.8pp	4.2%+32.3pp	-34.9%+0.5pp	-4.1%	-26.5%+0.8pp	-28.1%-3.2pp	-35.4%-18.4pp	-118.0%
Return on Equity	0.7%+8.8pp	2.1%+8.9pp	-17.0%-9.7pp	-1.8%+19.9pp	-8.0%-2.8pp	-6.8%-2.0pp	-7.3%-2.9pp	-21.7%-16.4pp
Return on Assets	0.5%+6.2pp	1.5%+6.9pp	-11.7%-5.8pp	-1.3%+15.6pp	-5.8%-1.5pp	-5.4%-1.7pp	-5.9%-2.6pp	-16.9%-12.6pp
Current Ratio	2.38-0.3x	2.59-1.4x	2.57-1.6x	2.76-0.9x	2.65-2.1x	4.00-0.1x	4.13+0.6x	3.64-1.0x
Debt-to-Equity	0.50+0.1x	0.45+0.2x	0.46+0.2x	0.37+0.1x	0.39+0.2x	0.250.0x	0.24-0.1x	0.280.0x
Asset Turnover	0.34+0.1x	0.34+0.1x	0.33+0.2x	0.31+0.2x	0.22+0.1x	0.190.0x	0.170.0x	0.140.0x
FCF Margin	18.0%-1.0pp	17.8%-1.7pp	17.0%+64.0pp	16.9%+46.9pp	18.9%+47.8pp	19.5%+21.1pp	-47.0%-57.6pp	-30.0%-32.1pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Telos Corporation TLS	FY2025	$164.8M	-$36.5M	-22.2%	$327.3M	47/100
Allot Ltd. ALLT	FY2025	$102.0M	$3.7M	3.6%	$413.7M	65/100
Consensus Cloud Solutions, Inc. CCSI	FY2025	$349.7M	$84.5M	24.2%	$672.7M	64/100
Bandwidth Inc. BAND	FY2025	$753.8M	-$12.9M	-1.7%	$1.7B	32/100
Arqit Quantum Inc. ARQQ	FY2024	$293K	-$54.6M	N/A	$299.8M	—
OneSpan Inc. OSPN	FY2025	$243.2M	$72.9M	30.0%	$671.4M	53/100

Where Telos Corporation Ranks

Frequently Asked Questions

What is Telos Corporation's annual revenue?

Telos Corporation (TLS) reported $164.8M in total revenue for fiscal year 2025. This represents a 52.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Telos Corporation's revenue growing?

Telos Corporation (TLS) revenue grew by 52.2% year-over-year, from $108.3M to $164.8M in fiscal year 2025.

Is Telos Corporation profitable?

No, Telos Corporation (TLS) reported a net income of -$36.5M in fiscal year 2025, with a net profit margin of -22.2%.

What is Telos Corporation's EBITDA?

Telos Corporation (TLS) had EBITDA of -$28.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Telos Corporation's gross margin?

Telos Corporation (TLS) had a gross margin of 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Telos Corporation's operating margin?

Telos Corporation (TLS) had an operating margin of -24.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Telos Corporation's net profit margin?

Telos Corporation (TLS) had a net profit margin of -22.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Telos Corporation's return on equity (ROE)?

Telos Corporation (TLS) has a return on equity of -38.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Telos Corporation's free cash flow?

Telos Corporation (TLS) generated $29.4M in free cash flow during fiscal year 2025. This represents a 204.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Telos Corporation's operating cash flow?

Telos Corporation (TLS) generated $30.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Telos Corporation's total assets?

Telos Corporation (TLS) had $139.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Telos Corporation's capital expenditures?

Telos Corporation (TLS) invested $739K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Telos Corporation spend on research and development?

Telos Corporation (TLS) invested $7.1M in research and development during fiscal year 2025.

Does Telos Corporation buy back shares?

Yes, Telos Corporation (TLS) spent $13.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Telos Corporation have outstanding?

Telos Corporation (TLS) had 74M shares outstanding as of fiscal year 2025.

What is Telos Corporation's current ratio?

Telos Corporation (TLS) had a current ratio of 2.57 as of fiscal year 2025, which is generally considered healthy.

What is Telos Corporation's debt-to-equity ratio?

Telos Corporation (TLS) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Telos Corporation's return on assets (ROA)?

Telos Corporation (TLS) had a return on assets of -26.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Telos Corporation's P/E ratio?

Telos Corporation (TLS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $327.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Telos Corporation's price-to-sales ratio?

Telos Corporation (TLS) trades at 1.7x sales, its market capitalization divided by revenue of $193.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $327.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Telos Corporation's Altman Z-Score?

Telos Corporation (TLS) has an Altman Z-Score of 1.56, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Telos Corporation's Piotroski F-Score?

Telos Corporation (TLS) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Telos Corporation's earnings high quality?

Telos Corporation (TLS) reported a net loss of $36.5M while generating $30.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Telos Corporation cover its interest payments?

Telos Corporation (TLS) reported an operating loss of $39.9M against $553K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Telos Corporation?

Telos Corporation (TLS) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.