balance equationreview2017-12-31
Difference 131565000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
Revenue
$164.80M
Fiscal year ended 2025-12-31Operating income
-$39.88M
Fiscal year ended 2025-12-31Free cash flow
$29.44M
Fiscal year ended 2025-12-31TELOS CORP (TLS) reported revenue of $164.80M and net income of -$36.55M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from TELOS CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Integrated Systems Design.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.80M | $108.27M | $145.38M | $216.89M | $242.43M | $179.92M | $159.22M | $138.02M | $107.73M | $134.87M |
| Cost of revenue | $103.79M | $73.84M | $92.44M | $137.84M | $156.40M | $117.50M | $106.87M | $84.95M | $67.16M | $91.42M |
| Gross profit | $61.02M | $34.43M | $52.94M | $79.04M | $86.03M | $62.42M | $52.34M | $53.06M | $40.57M | $43.45M |
| Operating income | -$39.88M | -$55.87M | -$40.32M | -$53.85M | -$41.46M | $297.00K | $5.02M | $9.01M | $414.00K | $2.11M |
| Net income | -$36.55M | -$52.52M | -$34.42M | -$53.43M | -$43.13M | $1.69M | -$6.40M | -$1.64M | -$5.83M | -$7.18M |
| Research & development | $7.06M | $8.44M | $11.76M | $16.92M | $19.10M | $14.24M | $10.65M | $8.76M | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 72.88M | shares 71.85M | shares 69.26M | shares 67.56M | shares 66.37M | shares 42.88M | shares 37.73M | shares 36.76M | Unavailable | Unavailable |
| Pretax income | -$37.21M | -$52.49M | -$34.39M | -$53.37M | -$43.16M | $6.80M | -$2.24M | $1.77M | -$6.26M | -$3.34M |
| Income tax expense | -$663.00K | $26.00K | $36.00K | $54.00K | -$28.00K | -$46.00K | -$104.00K | $31.00K | -$2.77M | $334.00K |
| Diluted EPS | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 | $0.04 | $-0.17 | $-0.04 | Unavailable | Unavailable |
| Selling, general & administrative | $78.92M | $75.49M | $81.01M | $132.89M | $127.49M | $62.12M | $47.32M | $44.05M | $40.15M | $41.33M |
| General & administrative | $78.92M | $75.49M | $81.01M | $99.39M | $88.74M | $41.70M | $30.72M | $29.28M | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | $7.12M | $16.58M | $19.66M | $6.18M | $5.95M | $6.01M | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $53.18M | $54.58M | $99.26M | $119.30M | $126.56M | $106.04M | $6.75M | $72.00K | $600.00K | $659.00K |
| Total assets | $139.86M | $158.24M | $208.70M | $237.40M | $246.08M | $183.82M | $77.69M | $74.49M | $74.42M | $56.80M |
| Current assets | $94.41M | $91.42M | $139.99M | $167.96M | $191.71M | $144.11M | $40.24M | $41.23M | $42.15M | $25.00M |
| Total liabilities | $43.91M | $31.10M | $49.70M | $65.04M | $65.83M | $56.71M | $214.31M | $206.59M | $210.46M | $186.78M |
| Current liabilities | $36.78M | $22.14M | $39.20M | $45.50M | $50.94M | $38.95M | $37.30M | $39.10M | $46.22M | $33.64M |
| Total equity incl. NCI | $95.95M | $127.14M | $159.00M | $172.35M | $180.25M | $127.10M | -$136.62M | -$132.10M | -$136.04M | -$129.98M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $131.56M | $127.74M |
| Inventory | $996.00K | $1.78M | $1.42M | $2.88M | $1.25M | $3.31M | $1.96M | $4.39M | $13.52M | $3.55M |
| Accounts receivable | $17.00M | $19.17M | $30.42M | $40.07M | $59.84M | $30.91M | $27.94M | $34.54M | $24.52M | $19.09M |
| Goodwill | $3.01M | $17.92M | $17.92M | $17.92M | $17.92M | $14.92M | $14.92M | $14.92M | $14.92M | $14.92M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $10.98M | $10.79M | $0 |
| Accounts payable | $4.09M | $1.15M | $8.31M | $12.61M | $7.87M | $14.66M | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.18M | -$25.94M | $1.59M | $16.51M | $7.26M | -$2.10M | $11.82M | $6.27M | -$591.00K | $13.86M |
| Capital expenditures | $739.00K | $2.25M | $926.00K | $1.01M | $3.20M | $780.00K | $4.09M | $2.46M | $748.00K | $624.00K |
| Investing cash flow | -$8.92M | -$16.76M | -$15.48M | -$13.72M | -$19.09M | -$7.46M | -$6.53M | -$4.11M | -$2.23M | -$624.00K |
| Financing cash flow | -$22.66M | -$1.98M | -$6.15M | -$9.92M | $32.35M | $108.86M | $1.40M | -$2.68M | $2.76M | -$12.63M |
| Net change in cash | -$1.40M | -$44.68M | -$20.04M | -$7.12M | $20.52M | $99.29M | $6.68M | -$528.00K | -$59.00K | $601.00K |
| Stock-based compensation | $30.15M | $21.41M | $24.40M | $64.66M | $60.23M | $4.00K | $0 | $0 | $50.00K | $0 |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $13.63M | $0 | $139.00K | $11.14M | $1.25M | $0 | $0 | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $11.45M | $11.87M | $8.94M | $5.89M | $5.62M | $5.35M | $4.97M | $3.03M | $2.00M | $2.90M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $29.44M | -$28.19M | $661.00K | $15.50M | $4.06M | -$2.88M | $7.73M | $3.80M | -$1.34M | $13.23M |
| Gross margin | 37.0% | 31.8% | 36.4% | 36.4% | 35.5% | 34.7% | 32.9% | 38.4% | 37.7% | 32.2% |
| Operating margin | -24.2% | -51.6% | -27.7% | -24.8% | -17.1% | 0.2% | 3.2% | 6.5% | 0.4% | 1.6% |
| FCF margin | 17.9% | -26.0% | 0.5% | 7.1% | 1.7% | -1.6% | 4.9% | 2.8% | -1.2% | 9.8% |
| SBC / revenue | 18.3% | 19.8% | 16.8% | 29.8% | 24.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Current ratio | 2.57x | 4.13x | 3.57x | 3.69x | 3.76x | 3.70x | 1.08x | 1.05x | 0.91x | 0.74x |
| Revenue YoY growth | 52.2% | -25.5% | -33.0% | -10.5% | 34.7% | 13.0% | 15.4% | 28.1% | -20.1% | Unavailable |
| Net margin | -22.2% | -48.5% | -23.7% | -24.6% | -17.8% | 0.9% | -4.0% | -1.2% | -5.4% | -5.3% |
| R&D / revenue | 4.3% | 7.8% | 8.1% | 7.8% | 7.9% | 7.9% | 6.7% | 6.3% | Unavailable | Unavailable |
| CapEx / revenue | 0.4% | 2.1% | 0.6% | 0.5% | 1.3% | 0.4% | 2.6% | 1.8% | 0.7% | 0.5% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | -0.7% | Unavailable | 1.8% | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TLS in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-11View SEC filing
10-K · Filed 2026-03-16View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-09View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2016-12-31
Difference 127742000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.