TELOS CORP
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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FY2025 · Filed Mar 16, 2026
TLS$7.17+48.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands, except per share amount and share data) | ||
| Assets: | ||
| Cash and cash equivalents | $53,180 | $54,578 |
| Accounts receivable, net | 17,000 | 19,172 |
| Prepaid expenses | 10,565 | 15,092 |
| Deferred program expenses | 10,006 | — |
| Other current assets | 3,662 | 2,576 |
| Total current assets | 94,413 | 91,418 |
| Property and equipment, net | 3,071 | 4,283 |
| Finance lease right-of-use assets, net | 4,170 | 5,391 |
| Operating lease right-of-use assets | 410 | 622 |
| Goodwill | 3,006 | 17,922 |
| Intangible assets, net | 30,281 | 30,410 |
| Other assets | 4,513 | 8,189 |
| Total assets | $139,864 | $158,235 |
| Liabilities and Stockholders' Equity: | ||
| Liabilities: | ||
| Accounts payable | $4,087 | $1,153 |
| Accrued liabilities | 6,900 | 4,449 |
| Accrued compensation and benefits | 12,309 | 7,608 |
| Contract liabilities – current portion | 11,223 | 6,838 |
| Finance lease obligations – current portion | 2,033 | 1,877 |
| Operating lease obligations – current portion | 232 | 210 |
| Total current liabilities | 36,784 | 22,135 |
| Contract liabilities – non-current portion | 1,124 | — |
| Finance lease obligations – non-current portion | 5,608 | 7,641 |
| Operating lease obligations – non-current portion | 186 | 418 |
| Deferred income taxes | 53 | 813 |
| Other liabilities | 159 | 91 |
| Total liabilities | 43,914 | 31,098 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock, $0.001 par value, 250,000,000 shares authorized, 72,773,272 shares and 72,514,652 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 111 | 111 |
| Additional paid-in capital | 459,828 | 454,502 |
| Accumulated other comprehensive loss | (96) | (129) |
| Accumulated deficit | (363,893) | (327,347) |
| Total stockholders' equity | 95,950 | 127,137 |
| Total liabilities and stockholders' equity | $139,864 | $158,235 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.