TELOS CORPTLSEarnings & Financial Report
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
Revenue
$30.6M
Gross Profit
$12.2M
Operating Profit
$-9.0M
Net Profit
$-8.6M
Gross Margin
39.8%
Operating Margin
-29.5%
Net Margin
-28.1%
YoY Growth
3.4%
EPS
$-0.12
TELOS CORP Q1 FY2025 Financial Summary
TELOS CORP reported revenue of $30.6M (up 3.4% YoY) for Q1 FY2025, with a net profit of $-8.6M (down 16.6% YoY) (-28.1% margin). Cost of goods sold was $18.4M, operating expenses totaled $21.2M.
Key Financial Metrics
| Total Revenue | $30.6M |
|---|---|
| Net Profit | $-8.6M |
| Gross Margin | 39.8% |
| Operating Margin | -29.5% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
TELOS CORP Q1 FY2025 revenue of $30.6M breaks down across 2 segments, led by Services at $28.8M (94.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services | $28.8M | 94.2% |
| Products | $1.8M | 5.8% |
TELOS CORP Annual Revenue by Year
TELOS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $164.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $164.8M |
| 2024 | $108.3M |
| 2023 | $145.4M |
| 2022 | $216.9M |
TELOS CORP Quarterly Revenue & Net Profit History
TELOS CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $46.8M | +77.4% | $-16.3M | -34.9% |
| Q3 FY2025 | $51.4M | +116.3% | $-2.1M | -4.1% |
| Q2 FY2025 | $36.0M | +26.2% | $-9.5M | -26.5% |
| Q1 FY2025 | $30.6M | +3.4% | $-8.6M | -28.1% |
| Q4 FY2024 | $26.4M | -35.8% | $-9.3M | -35.4% |
| Q3 FY2024 | $23.8M | -34.3% | $-28.1M | -118.0% |
| Q2 FY2024 | $28.5M | -13.4% | $-7.8M | -27.2% |
| Q1 FY2024 | $29.6M | -15.9% | $-7.4M | -24.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.6M | $28.5M | $23.8M | $26.4M | $30.6M | $36.0M | $51.4M | $46.8M |
| YoY Growth | -15.9% | -13.4% | -34.3% | -35.8% | 3.4% | 26.2% | 116.3% | 77.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $195.4M | $182.4M | $166.3M | $158.2M | $158.1M | $165.0M | $164.3M | $139.9M |
| Liabilities | $41.0M | $33.2M | $36.8M | $31.1M | $31.9M | $46.6M | $44.6M | $43.9M |
| Equity | $154.4M | $149.1M | $129.5M | $127.1M | $126.1M | $118.4M | $119.7M | $96.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-350000 | $-8.0M | $-7.1M | $-10.5M | $6.1M | $7.0M | $9.1M | $8.0M |