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Side-by-side financial comparison of Anika Therapeutics, Inc. (ANIK) and TELOS CORP (TLS). Click either name above to swap in a different company.
TELOS CORP is the larger business by last-quarter revenue ($46.8M vs $29.6M, roughly 1.6× Anika Therapeutics, Inc.). On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 13.2%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs -1.8%).
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.
ANIK vs TLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.6M | $46.8M |
| Net Profit | — | $-16.3M |
| Gross Margin | 64.2% | 35.0% |
| Operating Margin | 17.3% | -39.6% |
| Net Margin | — | -34.9% |
| Revenue YoY | 13.2% | 77.4% |
| Net Profit YoY | — | -74.8% |
| EPS (diluted) | $0.27 | $-0.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $30.6M | $46.8M | ||
| Q3 25 | $27.8M | $51.4M | ||
| Q2 25 | $28.2M | $36.0M | ||
| Q1 25 | $26.2M | $30.6M | ||
| Q4 24 | $30.6M | $26.4M | ||
| Q3 24 | $29.6M | $23.8M | ||
| Q2 24 | $30.7M | $28.5M |
| Q1 26 | — | — | ||
| Q4 25 | $292.0K | $-16.3M | ||
| Q3 25 | $-2.3M | $-2.1M | ||
| Q2 25 | $-4.0M | $-9.5M | ||
| Q1 25 | $-4.9M | $-8.6M | ||
| Q4 24 | $-21.9M | $-9.3M | ||
| Q3 24 | $-29.9M | $-28.1M | ||
| Q2 24 | $-88.0K | $-7.8M |
| Q1 26 | 64.2% | — | ||
| Q4 25 | 62.6% | 35.0% | ||
| Q3 25 | 56.0% | 39.9% | ||
| Q2 25 | 50.9% | 33.2% | ||
| Q1 25 | 56.1% | 39.8% | ||
| Q4 24 | 56.0% | 40.3% | ||
| Q3 24 | 65.7% | 13.2% | ||
| Q2 24 | 66.7% | 34.1% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 2.1% | -39.6% | ||
| Q3 25 | -11.6% | -4.8% | ||
| Q2 25 | -14.8% | -27.5% | ||
| Q1 25 | -16.4% | -29.5% | ||
| Q4 24 | -2.3% | -37.6% | ||
| Q3 24 | -0.3% | -121.4% | ||
| Q2 24 | -5.9% | -30.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | -34.9% | ||
| Q3 25 | -8.4% | -4.1% | ||
| Q2 25 | -14.1% | -26.5% | ||
| Q1 25 | -18.6% | -28.1% | ||
| Q4 24 | -71.4% | -35.4% | ||
| Q3 24 | -101.2% | -118.0% | ||
| Q2 24 | -0.3% | -27.2% |
| Q1 26 | $0.27 | — | ||
| Q4 25 | $0.02 | $-0.22 | ||
| Q3 25 | $-0.16 | $-0.03 | ||
| Q2 25 | $-0.28 | $-0.13 | ||
| Q1 25 | $-0.34 | $-0.12 | ||
| Q4 24 | $-1.49 | $-0.13 | ||
| Q3 24 | $-2.03 | $-0.39 | ||
| Q2 24 | $0.00 | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.0M | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $133.9M | $96.0M |
| Total Assets | $179.4M | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.0M | — | ||
| Q4 25 | $81.2M | $53.2M | ||
| Q3 25 | $80.2M | $59.0M | ||
| Q2 25 | $77.1M | $57.0M | ||
| Q1 25 | $75.4M | $57.8M | ||
| Q4 24 | $79.2M | $54.6M | ||
| Q3 24 | $90.7M | $69.8M | ||
| Q2 24 | $96.6M | $80.1M |
| Q1 26 | $133.9M | — | ||
| Q4 25 | $143.5M | $96.0M | ||
| Q3 25 | $146.8M | $119.7M | ||
| Q2 25 | $147.7M | $118.4M | ||
| Q1 25 | $148.4M | $126.1M | ||
| Q4 24 | $154.0M | $127.1M | ||
| Q3 24 | $179.9M | $129.5M | ||
| Q2 24 | $210.3M | $149.1M |
| Q1 26 | $179.4M | — | ||
| Q4 25 | $190.3M | $139.9M | ||
| Q3 25 | $189.4M | $164.3M | ||
| Q2 25 | $187.7M | $165.0M | ||
| Q1 25 | $190.6M | $158.1M | ||
| Q4 24 | $202.7M | $158.2M | ||
| Q3 24 | $231.4M | $166.3M | ||
| Q2 24 | $262.7M | $182.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.6M | $8.0M | ||
| Q3 25 | $6.9M | $9.1M | ||
| Q2 25 | $-189.0K | $7.0M | ||
| Q1 25 | $-130.0K | $6.1M | ||
| Q4 24 | $1.6M | $-10.5M | ||
| Q3 24 | $5.0M | $-7.1M | ||
| Q2 24 | $-1.1M | $-8.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $8.0M | ||
| Q3 25 | $5.0M | $8.7M | ||
| Q2 25 | $-1.7M | $6.8M | ||
| Q1 25 | $-3.0M | $6.0M | ||
| Q4 24 | $275.0K | $-12.4M | ||
| Q3 24 | $3.8M | $-7.1M | ||
| Q2 24 | $-4.5M | $-8.2M |
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 17.0% | ||
| Q3 25 | 17.9% | 16.9% | ||
| Q2 25 | -5.9% | 19.0% | ||
| Q1 25 | -11.3% | 19.5% | ||
| Q4 24 | 0.9% | -47.0% | ||
| Q3 24 | 12.9% | -30.0% | ||
| Q2 24 | -14.6% | -28.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | 6.8% | 0.9% | ||
| Q2 25 | 5.2% | 0.4% | ||
| Q1 25 | 10.8% | 0.4% | ||
| Q4 24 | 4.3% | 7.1% | ||
| Q3 24 | 4.1% | 0.2% | ||
| Q2 24 | 11.1% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 15.88× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANIK
| OEM Channel | $17.0M | 57% |
| Commercial Channel | $12.6M | 43% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
