TELOS CORP

For the period ended Jun 30, 2026. Filed Aug 10, 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.

Jun 30, 2026 · Filed Aug 10, 2026

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

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Contents

Consolidated Statements of Operations

	For the Three Months Ended		For the Six Months Ended
	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
(in thousands, except per share amounts)
Revenue – services	$40,594	$29,301	$82,655	$58,146
Revenue – products	7,151	6,667	12,832	8,438
Total revenue	47,745	35,968	95,487	66,584
Cost of sales – services (excluding depreciation and amortization)	22,537	16,605	45,776	32,096
Cost of sales – products (excluding depreciation and amortization)	6,002	5,716	10,534	7,156
Depreciation and amortization	2,514	1,715	5,110	3,218
Total cost of sales	31,053	24,036	61,420	42,470
Gross profit	16,692	11,932	34,067	24,114
Operating expenses:
Research and development expenses	1,345	1,512	2,702	3,083
Selling, general and administrative expenses	15,037	20,303	29,600	39,936
Total operating expenses	16,382	21,815	32,302	43,019
Operating income (loss)	310	(9,883)	1,765	(18,905)
Other income	501	553	1,198	1,114
Interest expense	(107)	(141)	(218)	(288)
Income (loss) before income taxes	704	(9,471)	2,745	(18,079)
Provision for income taxes	(44)	(46)	(62)	(42)
Net income (loss)	$660	$(9,517)	$2,683	$(18,121)
Net income (loss) per share:
Basic	$0.01	$(0.13)	$0.04	$(0.25)
Diluted	$0.01	$(0.13)	$0.03	$(0.25)
Weighted-average shares outstanding:
Basic	74,895	73,163	74,361	72,940
Diluted	77,547	73,163	77,576	72,940

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.