Company research
TELOS CORP
CIK 320121Updated Sep 24, 2026
SecurityTLS · NASDAQ · equity
Name history
C3 INC · through Apr 21, 1995
TLS price & chart
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NASDAQ:TLS on TradingView ↗In the news
Telos Corporation to Announce Second Quarter 2026 Financial Results on August 10, 2026 ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 139,864,000Source | 158,235,000Source | 208,699,000Source | 237,397,000Source |
| Property, Plant and Equipment, NetUSD | 3,071,000Source | 4,283,000Source | 3,457,000Source | 4,787,000Source |
| GoodwillUSD | 3,006,000Source | 17,922,000Source | 17,922,000Source | 17,922,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 30,281,000Source | 30,410,000Source | 39,616,000Source | 37,415,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 53,180,000Source | 54,578,000Source | 99,260,000Source | 119,305,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 17,000,000Source | 19,172,000Source | 30,424,000Source | 40,069,000Source |
| Inventory, NetUSD | 996,000Source | 1,783,000Source | 1,420,000Source | 2,877,000Source |
| Assets, CurrentUSD | 94,413,000Source | 91,418,000Source | 139,991,000Source | 167,963,000Source |
| Operating Lease, Right-of-Use AssetUSD | 410,000Source | 622,000Source | 216,000Source | 341,000Source |
| Other Assets, NoncurrentUSD | 4,513,000Source | 8,189,000Source | 885,000Source | 1,137,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 43,914,000Source | 31,098,000Source | 49,696,000Source | 65,043,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 111,000Source | 111,000Source | 109,000Source | 106,000Source |
| Retained Earnings (Accumulated Deficit)USD | -363,893,000Source | -327,347,000Source | -274,827,000Source | -240,405,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -96,000Source | -129,000Source | -60,000Source | -55,000Source |
| Stockholders' Equity Attributable to ParentUSD | 95,950,000Source | 127,137,000Source | 159,003,000Source | — |
| Additional Paid in Capital, Common StockUSD | 459,828,000Source | 454,502,000Source | 433,781,000Source | 412,708,000Source |
| Liabilities and EquityUSD | 139,864,000Source | 158,235,000Source | 208,699,000Source | 237,397,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 36,784,000Source | 22,135,000Source | 39,198,000Source | 45,502,000Source |
| Operating Lease, Liability, CurrentUSD | 232,000Source | 210,000Source | 97,000Source | 361,000Source |
| Accounts Payable, CurrentUSD | 4,087,000Source | 1,153,000Source | 8,307,000Source | 12,606,000Source |
| Operating Lease, Liability, NoncurrentUSD | 186,000Source | 418,000Source | 123,000Source | 27,000Source |
| Deferred Income Tax Liabilities, NetUSD | 53,000Source | 813,000Source | 813,000Source | 758,000Source |
| Other Liabilities, NoncurrentUSD | 159,000Source | 91,000Source | 44,000Source | 297,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 6,900,000Source | 3,147,000Source | 5,443,000Source | 9,945,000Source |
| Deferred Tax Liabilities, NetUSD | 53,000Source | 813,000Source | 813,000Source | 758,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -53,428,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 11,451,000Source | 11,867,000Source | 9,429,000Source | 5,890,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 30,150,000Source | 21,411,000Source | 24,396,000Source | 64,660,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -2,170,000Source | -11,272,000Source | -9,493,000Source | -19,675,000Source |
| Increase (Decrease) in InventoriesUSD | — | 471,000Source | -1,457,000Source | 1,630,000Source |
| Increase (Decrease) in Accounts PayableUSD | 2,724,000Source | — | — | — |
| Deferred Income Tax Expense (Benefit)USD | -760,000Source | 0Source | 55,000Source | 35,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 30,182,000Source | -25,938,000Source | 1,587,000Source | 16,508,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,915,000Source | -16,757,000Source | -15,478,000Source | -13,717,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 739,000Source | 2,252,000Source | 926,000Source | 1,009,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 7,254,000Source | 457,000Source | 3,742,000Source | 5,671,000Source |
| Payments for Repurchase of Common StockUSD | 13,627,000Source | 0Source | 139,000Source | 11,145,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -22,664,000Source | -1,984,000Source | -6,151,000Source | -9,915,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,397,000Source | -44,679,000Source | -20,042,000Source | -7,124,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 53,320,000Source | 54,717,000Source | 99,396,000Source | 119,438,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 482,000Source | 563,000Source | 693,000Source | 803,000Source |
| Income Taxes Paid, NetUSD | 42,000Source | — | — | — |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | — | 0Source | 2,000Source | 48,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 30,150,000Source | 21,411,000Source | 24,396,000Source | 64,660,000Source |
| Amortization of Debt Issuance CostsUSD | 70,000Source | 70,000Source | 69,000Source | 0Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | 700,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -15,000Source | 9,000Source | -2,000Source | -4,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | 1,427,000Source | 0Source |
| General and Administrative ExpenseUSD | 78,925,000Source | 75,487,000Source | 73,888,000Source | 99,393,000Source |
| GoodwillUSD | 3,006,000Source | 17,922,000Source | 17,922,000Source | 17,922,000Source |
| Goodwill, Impairment LossUSD | 14,916,000Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 6,373,000Source | — | — |
| Income Tax Expense (Benefit)USD | -663,000Source | 26,000Source | 36,000Source | 54,000Source |
| InterestExpenseNonoperatingUSD | 553,000Source | 644,000Source | — | — |
| Inventory Write-downUSD | 418,000Source | 108,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -36,546,000Source | -52,520,000Source | -34,422,000Source | -53,428,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Operating ExpensesUSD | 100,898,000Source | 90,302,000Source | — | — |
| Other Depreciation and AmortizationUSD | 1,731,000Source | 1,646,000Source | 2,230,000Source | 2,400,000Source |
| Other Nonoperating Income (Expense)USD | 3,225,000Source | 4,023,000Source | 6,715,000Source | 1,350,000Source |
| Payments for Repurchase of WarrantsUSD | — | — | — | 0Source |
| Payments to Acquire InvestmentsUSD | 0Source | 3,000,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | 108,000Source | 203,000Source | — | — |
| Realized Investment Gains (Losses)USD | 800,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 164,805,000Source | 108,272,000Source | 145,378,000Source | 216,887,000Source |
| Cost of RevenueUSD | 103,788,000Source | 73,843,000Source | 92,436,000Source | 137,844,000Source |
| Selling, General and Administrative ExpenseUSD | 78,925,000Source | 75,487,000Source | 93,257,000Source | 132,893,000Source |
| Operating Income (Loss)USD | -39,881,000Source | -55,873,000Source | -40,315,000Source | -53,850,000Source |
| Other Nonoperating Income (Expense)USD | 3,225,000Source | 4,023,000Source | 6,715,000Source | 1,350,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -37,209,000Source | -52,494,000Source | -34,386,000Source | -53,374,000Source |
| Income Tax Expense (Benefit)USD | -663,000Source | 26,000Source | 36,000Source | 54,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -36,546,000Source | -52,520,000Source | -34,422,000Source | -53,428,000Source |
| Earnings Per Share, BasicUSD per share | -0.5Source | -0.73Source | -0.5Source | -0.79Source |
| Earnings Per Share, DilutedUSD per share | -0.5Source | -0.73Source | -0.5Source | -0.79Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 72,878,000Source | 71,850,000Source | 69,256,000Source | 67,559,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 72,878,000Source | 71,850,000Source | 69,256,000Source | 67,559,000Source |
| Interest Expense (non-operating)USD | 553,000Source | 644,000Source | — | — |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | — | — | — | 700,000Source |
| Cost, Depreciation and AmortizationUSD | 8,180,000Source | 6,404,000Source | 3,544,000Source | — |
| Current Income Tax Expense (Benefit)USD | 97,000Source | 26,000Source | -19,000Source | 19,000Source |
| General and Administrative ExpenseUSD | 78,925,000Source | 75,487,000Source | 73,888,000Source | 99,393,000Source |
| Goodwill, Impairment LossUSD | 14,916,000Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 61,017,000Source | 34,429,000Source | 52,942,000Source | 79,043,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -37,302,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 786,000Source | 874,000Source |
| Operating ExpensesUSD | 100,898,000Source | 90,302,000Source | — | — |
| Other IncomeUSD | — | 0Source | 1,400,000Source | — |
| Realized Investment Gains (Losses)USD | 800,000Source | — | — | — |
| Research and Development ExpenseUSD | 7,057,000Source | 8,442,000Source | 12,247,000Source | 16,918,000Source |
| Selling and Marketing ExpenseUSD | — | — | 7,122,000Source | 16,582,000Source |