TELOS CORP
For the period ended Sep 30, 2025. Filed Nov 10, 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.
Sep 30, 2025 · Filed Nov 10, 2025
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9. Other Balance Sheet Components
- OTHER BALANCE SHEET COMPONENTS
| Table 9.1: Details of Other Assets | ||
|---|---|---|
| September 30, 2025 | December 31, 2024 | |
| (in thousands) | ||
| Investment (1) | $3,000 | $3,000 |
| Prepaid expense and deferred commission – long-term portion | 637 | 4,975 |
| Restricted cash | 140 | 139 |
| Other | 75 | 75 |
| Other assets | $3,852 | $8,189 |
(1) In March 2024, the Company made a $3.0 million investment in a privately held company via a simple agreement for future equity. The Company elected to apply the fair value option on this investment. The Company believes the fair value option best reflects the economics of the underlying transaction. The fair value of this investment was based on non-marketable observable inputs, which represent Level 3 measurement within the fair value hierarchy. Changes in the fair value of this investment are recognized within "Other income" on the unaudited consolidated statements of operations, if any. During the three and nine months ended September 30, 2025, and 2024, the Company did not recognize any changes in the fair value.
| Table 9.2: Details of Accrued Liabilities | ||
|---|---|---|
| September 30, 2025 | December 31, 2024 | |
| (in thousands) | ||
| Accrued project expenses | $5,169 | $3,238 |
| Restructuring expenses accrual | — | 37 |
| Other | 1,971 | 1,174 |
| Other current liabilities | $7,140 | $4,449 |
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