TELOS CORP

For the period ended Jun 30, 2025. Filed Aug 11, 2025.

About this filing

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$7.17+48.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	For the Three Months Ended		For the Six Months Ended
	June 30, 2025	June 30, 2024	June 30, 2025	June 30, 2024
(in thousands, except per share amounts)
Revenue – services	$29,301	$26,969	$58,146	$55,820
Revenue – products	6,667	1,529	8,438	2,297
Total revenue	35,968	28,498	66,584	58,117
Cost of sales – services (excluding depreciation and amortization)	16,605	15,933	32,096	32,992
Cost of sales – products (excluding depreciation and amortization)	5,716	819	7,156	1,140
Depreciation and amortization	1,715	2,039	3,218	3,317
Total cost of sales	24,036	18,791	42,470	37,449
Gross profit	11,932	9,707	24,114	20,668
Operating expenses:
Research and development expenses	1,512	1,459	3,083	4,629
Selling, general and administrative expenses	20,303	16,892	39,936	33,121
Total operating expenses	21,815	18,351	43,019	37,750
Operating loss	(9,883)	(8,644)	(18,905)	(17,082)
Other income	553	1,064	1,114	2,316
Interest expense	(141)	(160)	(288)	(335)
Loss before income taxes	(9,471)	(7,740)	(18,079)	(15,101)
Provision for income taxes	(46)	(17)	(42)	(34)
Net loss	$(9,517)	$(7,757)	$(18,121)	$(15,135)
Net loss per share:
Basic	$(0.13)	$(0.11)	$(0.25)	$(0.21)
Diluted	$(0.13)	$(0.11)	$(0.25)	$(0.21)
Weighted-average shares outstanding:
Basic	73,163	72,017	72,940	71,323
Diluted	73,163	72,017	72,940	71,323

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.