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
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Consolidated Statements of Operations
| For the Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands, except per share amounts) | ||
| Revenue – services | $136,544 | $103,581 |
| Revenue – products | 28,261 | 4,691 |
| Total revenue | 164,805 | 108,272 |
| Cost of sales – services (excluding impairment loss, depreciation and amortization) | 74,791 | 59,271 |
| Cost of sales – products (excluding impairment loss, depreciation and amortization) | 20,817 | 2,835 |
| Impairment loss on intangible assets | — | 5,333 |
| Depreciation and amortization | 8,180 | 6,404 |
| Total cost of sales | 103,788 | 73,843 |
| Gross profit | 61,017 | 34,429 |
| Operating expenses: | ||
| Research and development expenses | 7,057 | 8,442 |
| Selling, general and administrative expenses | 78,925 | 75,487 |
| Goodwill impairment | 14,916 | — |
| Impairment loss on intangible assets | — | 6,373 |
| Total operating expenses | 100,898 | 90,302 |
| Operating loss | (39,881) | (55,873) |
| Other income | 3,225 | 4,023 |
| Interest expense | (553) | (644) |
| Loss before income taxes | (37,209) | (52,494) |
| Benefit from (provision for) income taxes | 663 | (26) |
| Net loss | $(36,546) | $(52,520) |
| Net loss per share: | ||
| Basic | $(0.50) | $(0.73) |
| Diluted | $(0.50) | $(0.73) |
| Weighted-average shares outstanding: | ||
| Basic | 72,878 | 71,850 |
| Diluted | 72,878 | 71,850 |
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