TELOS CORP

For the period ended Mar 31, 2026. Filed May 11, 2026.

About this filing

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$7.17+48.8%Stored close · as of Nov 9, 2026

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Contents

. Intangible Assets, Net

INTANGIBLE ASSETS, NET

Table 7.1: Details of Intangible Assets, Net
March 31, 2026 · December 31, 2025
	Estimated Useful Life	Gross Carrying Amount	Accumulated Amortization	Net Carrying Value	Gross Carrying Amount	Accumulated Amortization	Net Carrying Value
(in years) · (in thousands)
Acquired technology	8	$3,630	$(2,117)	$1,513	$3,630	$(2,004)	$1,626
Customer relationship	3	40	(40)	—	40	(40)	—
Software development costs	2 - 5	43,913	(26,068)	17,845	43,411	(23,576)	19,835
Subtotal		47,583	(28,225)	19,358	47,081	(25,620)	21,461
In-process software development costs (1)		10,450	—	10,450	8,820	—	8,820
Total		$58,033	$(28,225)	$29,808	$55,901	$(25,620)	$30,281

(1) In-process software development costs are costs for software that is not yet available for its intended use or general release to customers as of the balance sheet date, thus not yet amortized.

Table 7.2: Amortization Expense
	For the Three Months Ended
	March 31, 2026	March 31, 2025
(in thousands)
Amortization expense related to:
Software development costs - cost of sales (1)	$2,492	$1,411
Other intangible assets - general and administrative	113	113
Total	$2,605	$1,524

(1) Amortization expense for software development costs related to assets to be sold, leased, or otherwise marketed is charged under cost of sales on the unaudited consolidated statements of operations.

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