TELOS CORP
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
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 Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net income (loss) | $2,023 | $(8,604) |
| Adjustments to reconcile net income (loss) to cash flows from operations: | ||
| Stock-based compensation | 2,971 | 7,048 |
| Depreciation and amortization | 3,429 | 2,336 |
| Loss on disposal of fixed assets | 51 | — |
| Amortization of debt issuance costs | 8 | 17 |
| Provision for (benefit from) deferred income tax | 2 | (4) |
| Provision for (recovery from) doubtful accounts | 1 | (5) |
| Changes in other operating assets and liabilities: | ||
| Accounts receivable | 575 | 427 |
| Prepaid expenses, deferred program expenses, other current assets and other assets | (3,749) | 3,016 |
| Accounts payable | (1,564) | (88) |
| Accrued compensation and benefits | (533) | 375 |
| Contract liabilities | 6,699 | (93) |
| Accrued liabilities and other liabilities | (1,257) | 1,681 |
| Net cash provided by operating activities | 8,656 | 6,106 |
| Cash flows from investing activities: | ||
| Capitalized software development costs | (2,132) | (2,214) |
| Purchases of property and equipment | (145) | (123) |
| Net cash used in investing activities | (2,277) | (2,337) |
| Cash flows from financing activities: | ||
| Payments under finance lease obligations | (491) | (452) |
| Payment of tax withholding related to net share settlement of equity awards | (6,619) | (104) |
| Repurchases of common stock | (2,198) | — |
| Payments for debt issuance costs | (21) | — |
| Net cash used in financing activities | (9,329) | (556) |
| Net change in cash, cash equivalents, and restricted cash | (2,950) | 3,213 |
| Cash, cash equivalents, and restricted cash, beginning of period | 53,320 | 54,717 |
| Cash, cash equivalents, and restricted cash, end of period | $50,370 | $57,930 |
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