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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) and TELOS CORP (TLS). Click either name above to swap in a different company.
BrightSpire Capital, Inc. is the larger business by last-quarter revenue ($83.2M vs $46.8M, roughly 1.8× TELOS CORP). BrightSpire Capital, Inc. runs the higher net margin — -17.3% vs -34.9%, a 17.6% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -0.4%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $8.0M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
BRSP vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $46.8M |
| Net Profit | $-14.4M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | — | -39.6% |
| Net Margin | -17.3% | -34.9% |
| Revenue YoY | -0.4% | 77.4% |
| Net Profit YoY | 27.3% | -74.8% |
| EPS (diluted) | $-0.11 | $-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.
| Q4 25 | $83.2M | $46.8M | ||
| Q3 25 | $83.9M | $51.4M | ||
| Q2 25 | $85.9M | $36.0M | ||
| Q1 25 | $77.6M | $30.6M | ||
| Q4 24 | $83.5M | $26.4M | ||
| Q3 24 | $88.2M | $23.8M | ||
| Q2 24 | $91.4M | $28.5M | ||
| Q1 24 | $95.8M | $29.6M |
| Q4 25 | $-14.4M | $-16.3M | ||
| Q3 25 | $984.0K | $-2.1M | ||
| Q2 25 | $-23.1M | $-9.5M | ||
| Q1 25 | $5.3M | $-8.6M | ||
| Q4 24 | $-19.7M | $-9.3M | ||
| Q3 24 | $12.7M | $-28.1M | ||
| Q2 24 | $-67.9M | $-7.8M | ||
| Q1 24 | $-57.1M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | — | -39.6% | ||
| Q3 25 | -1.7% | -4.8% | ||
| Q2 25 | -54.5% | -27.5% | ||
| Q1 25 | 5.1% | -29.5% | ||
| Q4 24 | -24.9% | -37.6% | ||
| Q3 24 | 13.2% | -121.4% | ||
| Q2 24 | -74.9% | -30.3% | ||
| Q1 24 | -59.4% | -28.5% |
| Q4 25 | -17.3% | -34.9% | ||
| Q3 25 | 1.2% | -4.1% | ||
| Q2 25 | -26.9% | -26.5% | ||
| Q1 25 | 6.9% | -28.1% | ||
| Q4 24 | -23.7% | -35.4% | ||
| Q3 24 | 14.4% | -118.0% | ||
| Q2 24 | -74.2% | -27.2% | ||
| Q1 24 | -59.6% | -24.9% |
| Q4 25 | $-0.11 | $-0.22 | ||
| Q3 25 | $0.00 | $-0.03 | ||
| Q2 25 | $-0.19 | $-0.13 | ||
| Q1 25 | $0.04 | $-0.12 | ||
| Q4 24 | $-0.16 | $-0.13 | ||
| Q3 24 | $0.09 | $-0.39 | ||
| Q2 24 | $-0.53 | $-0.11 | ||
| Q1 24 | $-0.45 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $66.8M | $53.2M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $938.4M | $96.0M |
| Total Assets | $3.6B | $139.9M |
| Debt / EquityLower = less leverage | 2.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.8M | $53.2M | ||
| Q3 25 | $113.4M | $59.0M | ||
| Q2 25 | $154.3M | $57.0M | ||
| Q1 25 | $200.9M | $57.8M | ||
| Q4 24 | $302.2M | $54.6M | ||
| Q3 24 | $263.8M | $69.8M | ||
| Q2 24 | $203.3M | $80.1M | ||
| Q1 24 | $221.5M | $93.9M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.6B | — |
| Q4 25 | $938.4M | $96.0M | ||
| Q3 25 | $976.4M | $119.7M | ||
| Q2 25 | $994.4M | $118.4M | ||
| Q1 25 | $1.0B | $126.1M | ||
| Q4 24 | $1.0B | $127.1M | ||
| Q3 24 | $1.1B | $129.5M | ||
| Q2 24 | $1.1B | $149.1M | ||
| Q1 24 | $1.2B | $154.4M |
| Q4 25 | $3.6B | $139.9M | ||
| Q3 25 | $3.3B | $164.3M | ||
| Q2 25 | $3.4B | $165.0M | ||
| Q1 25 | $3.6B | $158.1M | ||
| Q4 24 | $3.7B | $158.2M | ||
| Q3 24 | $3.8B | $166.3M | ||
| Q2 24 | $3.8B | $182.4M | ||
| Q1 24 | $3.9B | $195.4M |
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 2.28× | — | ||
| Q1 24 | 2.17× | — |
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 | $73.0M | $8.0M |
| Free Cash FlowOCF − Capex | $55.1M | $8.0M |
| FCF MarginFCF / Revenue | 66.2% | 17.0% |
| Capex IntensityCapex / Revenue | 21.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.0M | $8.0M | ||
| Q3 25 | $29.9M | $9.1M | ||
| Q2 25 | $17.4M | $7.0M | ||
| Q1 25 | $10.5M | $6.1M | ||
| Q4 24 | $103.4M | $-10.5M | ||
| Q3 24 | $31.3M | $-7.1M | ||
| Q2 24 | $22.9M | $-8.0M | ||
| Q1 24 | $24.6M | $-350.0K |
| Q4 25 | $55.1M | $8.0M | ||
| Q3 25 | $27.4M | $8.7M | ||
| Q2 25 | $11.6M | $6.8M | ||
| Q1 25 | $8.0M | $6.0M | ||
| Q4 24 | $97.3M | $-12.4M | ||
| Q3 24 | $28.3M | $-7.1M | ||
| Q2 24 | $22.7M | $-8.2M | ||
| Q1 24 | $22.2M | $-447.0K |
| Q4 25 | 66.2% | 17.0% | ||
| Q3 25 | 32.7% | 16.9% | ||
| Q2 25 | 13.4% | 19.0% | ||
| Q1 25 | 10.3% | 19.5% | ||
| Q4 24 | 116.6% | -47.0% | ||
| Q3 24 | 32.1% | -30.0% | ||
| Q2 24 | 24.9% | -28.9% | ||
| Q1 24 | 23.2% | -1.5% |
| Q4 25 | 21.6% | 0.1% | ||
| Q3 25 | 2.9% | 0.9% | ||
| Q2 25 | 6.8% | 0.4% | ||
| Q1 25 | 3.2% | 0.4% | ||
| Q4 24 | 7.3% | 7.1% | ||
| Q3 24 | 3.4% | 0.2% | ||
| Q2 24 | 0.1% | 0.8% | ||
| Q1 24 | 2.5% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSP
Segment breakdown not available.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
