TELOS CORP

For the period ended Sep 30, 2026. Filed Nov 9, 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.

Sep 30, 2026 · Filed Nov 9, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

	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 amounts)
Revenue – services	$44,948	$43,486	$127,603	$101,632
Revenue – products	10,250	7,958	23,082	16,396
Total revenue	55,198	51,444	150,685	118,028
Cost of sales – services (excluding depreciation and amortization)	23,063	22,906	68,839	55,002
Cost of sales – products (excluding depreciation and amortization)	8,558	5,636	19,092	12,792
Depreciation and amortization	2,637	2,356	7,747	5,574
Total cost of sales	34,258	30,898	95,678	73,368
Gross profit	20,940	20,546	55,007	44,660
Operating expenses:
Research and development expenses	1,452	1,899	4,154	4,982
Selling, general and administrative expenses	15,398	21,115	44,998	61,051
Total operating expenses	16,850	23,014	49,152	66,033
Operating income (loss)	4,090	(2,468)	5,855	(21,373)
Other income	464	511	1,662	1,625
Interest expense	(100)	(136)	(318)	(424)
Income (loss) before income taxes	4,454	(2,093)	7,199	(20,172)
Provision for income taxes	(18)	(21)	(80)	(63)
Net income (loss)	$4,436	$(2,114)	$7,119	$(20,235)
Earnings (loss) per share:
Basic	$0.06	$(0.03)	$0.10	$(0.28)
Diluted	$0.06	$(0.03)	$0.09	$(0.28)
Weighted-average shares outstanding:
Basic	74,244	72,580	74,322	72,819
Diluted	76,496	72,580	77,260	72,819

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.