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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Financial Overview
Several key highlights of our financial performance in the third quarter of 2026 are described below. More details are presented in our "Results of Operations" section below.
Revenue increased 7.3% year-over-year due to 16.6% growth in Security Solutions, driven primarily by the expansion of multiple large programs in Telos ID.
Operating expenses decreased by $6.2 million, or 26.8%, year-over-year due to lower stock-based compensation.
Net income (loss) improved by $6.6 million, from a net loss of $2.1 million in the third quarter of 2025 to net income of $4.4 million in the current quarter.
Cash flow from operations slightly improved by $0.3 million year-over-year, increasing from a $9.1 million inflow in the third quarter of 2025 to a $9.4 million inflow in the third quarter of 2026, primarily due to improved revenue and profitability.
We deployed $5.7 million to repurchase over 1.2 million shares of the Company's common stock during the quarter at an average share price of $4.59 per share.
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