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
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Earnings (Loss) per Share
- EARNINGS (LOSS) PER SHARE
Basic EPS is computed by dividing net income (loss) by the basic weighted-average number of common shares outstanding for the period. Diluted EPS is calculated to give effect to all potentially dilutive common stock equivalents that were outstanding during the reporting period. The dilutive effects of outstanding common stock equivalents are determined using the treasury-stock and if-converted method, only in periods in which such effect would have been dilutive for the period.
| Table 14: Weighted-Average Number of Shares Outstanding – Earnings (Loss) per Share | ||||
|---|---|---|---|---|
| For the Three Months Ended | For the Six Months Ended | |||
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| (in thousands) | ||||
| Basic weighted-average number of shares outstanding | 74,895 | 73,163 | 74,361 | 72,940 |
| Dilutive effect on unvested restricted stock units and stock options | 2,652 | — | 3,215 | — |
| Diluted weighted-average number of shares outstanding | 77,547 | 73,163 | 77,576 | 72,940 |
For the period of net loss, potentially dilutive securities are not included in the calculation of diluted net earnings (loss) per share, because to do so would be anti-dilutive. For the three and six months ended June 30, 2025, the diluted earnings per share calculation excludes 976,000 and 1,158,000, respectively, of potentially dilutive securities that were anti-dilutive.
For the three and six months ended June 30, 2026, and 2025, outstanding PSUs aggregating to 7,604,241 and 11,372,034 shares, respectively, have been excluded from the calculation of potentially dilutive securities above because the issuance of these shares is contingent upon certain conditions which were not satisfied by the end of the period.
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