TELOS CORP
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
TLS$7.67+7.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| For the Six Months Ended | ||
|---|---|---|
| June 30, 2025 | June 30, 2024 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(18,121) | $(15,135) |
| Adjustments to reconcile net loss to cash provided by (used in) operating activities: | ||
| Stock-based compensation | 14,805 | 5,203 |
| Depreciation and amortization | 4,845 | 6,620 |
| Deferred income tax provision | 27 | 24 |
| Recovery from doubtful accounts | (20) | (32) |
| Amortization of debt issuance costs | 35 | 35 |
| Changes in other operating assets and liabilities: | ||
| Accounts receivable | 86 | 13,278 |
| Inventories | (1,079) | 51 |
| Prepaid expenses, deferred program expenses, other current assets, other assets | (1,933) | (2,794) |
| Accounts payable and other accrued payables | 7,496 | (7,763) |
| Accrued compensation and benefits | 601 | (5,967) |
| Contract liabilities | 6,114 | (944) |
| Other current liabilities | 200 | (916) |
| Net cash provided by (used in) operating activities | 13,056 | (8,340) |
| Cash flows from investing activities: | ||
| Capitalized software development costs | (4,401) | (6,315) |
| Purchases of property and equipment | (257) | (332) |
| Purchase of investment | — | (3,000) |
| Net cash used in investing activities | (4,658) | (9,647) |
| Cash flows from financing activities: | ||
| Payments under finance lease obligations | (914) | (842) |
| Payment of tax withholding related to net share settlement of equity awards | (1,062) | (430) |
| Repurchases of common stock | (4,002) | — |
| Proceeds from exercise of stock options | — | 104 |
| Net cash used in financing activities | (5,978) | (1,168) |
| Net change in cash, cash equivalents, and restricted cash | 2,420 | (19,155) |
| Cash, cash equivalents, and restricted cash, beginning of period | 54,717 | 99,396 |
| Cash, cash equivalents, and restricted cash, end of period | $57,137 | $80,241 |
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