TELOS CORP
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 2026
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12. Share Repurchases
- SHARE REPURCHASES
On May 24, 2022, the Company announced that the Board of Directors approved a share repurchase program ("SRP") authorizing the Company to repurchase up to $50.0 million of its common stock. On March 12, 2026, the Board further authorized the Company to repurchase up to an additional $25.0 million of its common stock under its existing repurchase program. Pursuant to this authorization, the Company may repurchase shares of its common stock on a discretionary basis from time to time through open market purchases. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. As of September 30, 2026, there was approximately $37.5 million of the authorization remaining for future common stock repurchases under the SRP.
| Table 12: Share Repurchase Activity | ||||
|---|---|---|---|---|
| For the Three Months Ended | For the Nine Months Ended | |||
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| (in thousands, except per share and share data) | ||||
| Amounts paid for shares repurchased (1) | $5,747 | $3,637 | $12,637 | $7,639 |
| Number of shares repurchased | 1,251,500 | 584,213 | 2,810,986 | 2,072,440 |
| Average per share price paid (1) | $4.59 | $6.23 | $4.50 | $3.69 |
(1) Includes commission paid for repurchases on the open market.
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