TELOS CORP
For the period ended Jun 30, 2026. Filed Aug 10, 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.
Jun 30, 2026 · Filed Aug 10, 2026
TLS$7.67+7.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| For the Six Months Ended | ||
|---|---|---|
| June 30, 2026 | June 30, 2025 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net income (loss) | $2,683 | $(18,121) |
| Adjustments to reconcile net income (loss) to cash flows from operations: | ||
| Stock-based compensation | 6,184 | 14,805 |
| Depreciation and amortization | 6,776 | 4,845 |
| Loss on disposal of fixed assets | 52 | — |
| Provision for inventory obsolescence | 42 | — |
| Amortization of debt issuance costs | 17 | 35 |
| Deferred income taxes | 4 | 27 |
| Provision for (recovery from) doubtful accounts | 1 | (20) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,001) | 86 |
| Inventories | (1,942) | (1,079) |
| Prepaid expenses, deferred program expenses, other current assets and other assets | 4,445 | (1,933) |
| Accounts payable | (2,158) | 9,540 |
| Accrued compensation and benefits | (208) | 601 |
| Contract liabilities | 5,746 | 6,114 |
| Accrued liabilities and other liabilities | (3,152) | (1,844) |
| Net cash provided by operating activities | 17,489 | 13,056 |
| Cash flows from investing activities: | ||
| Capitalized software development costs | (4,102) | (4,401) |
| Purchases of property and equipment | (391) | (257) |
| Net cash used in investing activities | (4,493) | (4,658) |
| Cash flows from financing activities: | ||
| Payment of tax withholding related to net share settlement of equity awards | (7,626) | (1,062) |
| Repurchases of common stock | (6,889) | (4,002) |
| Payments under finance lease obligations | (992) | (914) |
| Payments for debt issuance costs | (21) | — |
| Net cash used in financing activities | (15,528) | (5,978) |
| Net change in cash, cash equivalents, and restricted cash | (2,532) | 2,420 |
| Cash, cash equivalents, and restricted cash, beginning of period | 53,320 | 54,717 |
| Cash, cash equivalents, and restricted cash, end of period | $50,788 | $57,137 |
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