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
TLS$7.67+7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine Months Ended | ||
|---|---|---|
| September 30, 2025 | September 30, 2024 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(20,235) | $(43,190) |
| Adjustments to reconcile net loss to cash provided by (used in) operating activities: | ||
| Stock-based compensation | 24,193 | 14,017 |
| Depreciation and amortization | 8,022 | 9,368 |
| Amortization of debt issuance costs | 52 | 52 |
| Deferred income tax provision | 41 | 37 |
| Loss (gain) on disposal of fixed assets | 1 | (13) |
| Provision for (recovery from) doubtful accounts | 3 | (28) |
| Impairment loss on intangible assets | — | 11,706 |
| Changes in other operating assets and liabilities: | ||
| Accounts receivable | (1,254) | 15,571 |
| Inventories | 1,081 | 14 |
| Prepaid expenses, deferred program expenses, other current assets, other assets | 701 | (10,049) |
| Accounts payable | (1,263) | (6,211) |
| Accrued compensation and benefits | 1,420 | (5,266) |
| Contract liabilities | 6,894 | 52 |
| Accrued liabilities and other liabilities | 2,546 | (1,480) |
| Net cash provided by (used in) operating activities | 22,202 | (15,420) |
| Cash flows from investing activities: | ||
| Capitalized software development costs | (6,496) | (9,104) |
| Purchases of property and equipment, net | (709) | (381) |
| Purchase of investment | — | (3,000) |
| Net cash used in investing activities | (7,205) | (12,485) |
| Cash flows from financing activities: | ||
| Payments under finance lease obligations | (1,393) | (1,283) |
| Payment of tax withholding related to net share settlement of equity awards | (1,600) | (457) |
| Proceeds from exercise of stock options | 108 | 149 |
| Repurchases of common stock | (7,639) | — |
| Net cash used in financing activities | (10,524) | (1,591) |
| Net change in cash, cash equivalents, and restricted cash | 4,473 | (29,496) |
| Cash, cash equivalents, and restricted cash, beginning of period | 54,717 | 99,396 |
| Cash, cash equivalents, and restricted cash, end of period | $59,190 | $69,900 |
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