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Side-by-side financial comparison of First Foundation Inc. (FFWM) and TELOS CORP (TLS). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $46.8M, roughly 1.0× TELOS CORP). TELOS CORP runs the higher net margin — -34.9% vs -97.9%, a 63.0% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 77.4%). TELOS CORP produced more free cash flow last quarter ($8.0M vs $-35.2M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $46.8M |
| Net Profit | $-8.0M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | -97.5% | -39.6% |
| Net Margin | -97.9% | -34.9% |
| Revenue YoY | 421.7% | 77.4% |
| Net Profit YoY | 43.0% | -74.8% |
| EPS (diluted) | $-0.09 | $-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 | $48.4M | $46.8M | ||
| Q3 25 | $63.6M | $51.4M | ||
| Q2 25 | $51.4M | $36.0M | ||
| Q1 25 | $71.4M | $30.6M | ||
| Q4 24 | $9.3M | $26.4M | ||
| Q3 24 | $9.2M | $23.8M | ||
| Q2 24 | $57.5M | $28.5M | ||
| Q1 24 | $51.1M | $29.6M |
| Q4 25 | $-8.0M | $-16.3M | ||
| Q3 25 | $-146.3M | $-2.1M | ||
| Q2 25 | $-7.7M | $-9.5M | ||
| Q1 25 | $6.9M | $-8.6M | ||
| Q4 24 | $-14.1M | $-9.3M | ||
| Q3 24 | $-82.2M | $-28.1M | ||
| Q2 24 | $3.1M | $-7.8M | ||
| Q1 24 | $793.0K | $-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 | -97.5% | -39.6% | ||
| Q3 25 | -92.7% | -4.8% | ||
| Q2 25 | -21.1% | -27.5% | ||
| Q1 25 | 8.8% | -29.5% | ||
| Q4 24 | -247.7% | -37.6% | ||
| Q3 24 | -1276.7% | -121.4% | ||
| Q2 24 | 4.6% | -30.3% | ||
| Q1 24 | -0.2% | -28.5% |
| Q4 25 | -97.9% | -34.9% | ||
| Q3 25 | -230.1% | -4.1% | ||
| Q2 25 | -15.0% | -26.5% | ||
| Q1 25 | 9.7% | -28.1% | ||
| Q4 24 | -152.2% | -35.4% | ||
| Q3 24 | -896.9% | -118.0% | ||
| Q2 24 | 5.4% | -27.2% | ||
| Q1 24 | 1.6% | -24.9% |
| Q4 25 | $-0.09 | $-0.22 | ||
| Q3 25 | $-1.78 | $-0.03 | ||
| Q2 25 | $-0.09 | $-0.13 | ||
| Q1 25 | $0.08 | $-0.12 | ||
| Q4 24 | $-0.24 | $-0.13 | ||
| Q3 24 | $-1.23 | $-0.39 | ||
| Q2 24 | $0.05 | $-0.11 | ||
| Q1 24 | $0.01 | $-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 | $1.6B | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $96.0M |
| Total Assets | $11.9B | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $53.2M | ||
| Q3 25 | $1.7B | $59.0M | ||
| Q2 25 | $1.1B | $57.0M | ||
| Q1 25 | $1.0B | $57.8M | ||
| Q4 24 | $1.0B | $54.6M | ||
| Q3 24 | $1.1B | $69.8M | ||
| Q2 24 | $1.4B | $80.1M | ||
| Q1 24 | $1.6B | $93.9M |
| Q4 25 | $912.6M | $96.0M | ||
| Q3 25 | $917.9M | $119.7M | ||
| Q2 25 | $1.1B | $118.4M | ||
| Q1 25 | $1.1B | $126.1M | ||
| Q4 24 | $1.1B | $127.1M | ||
| Q3 24 | $1.1B | $129.5M | ||
| Q2 24 | $933.2M | $149.1M | ||
| Q1 24 | $928.7M | $154.4M |
| Q4 25 | $11.9B | $139.9M | ||
| Q3 25 | $11.9B | $164.3M | ||
| Q2 25 | $11.6B | $165.0M | ||
| Q1 25 | $12.6B | $158.1M | ||
| Q4 24 | $12.6B | $158.2M | ||
| Q3 24 | $13.4B | $166.3M | ||
| Q2 24 | $13.7B | $182.4M | ||
| Q1 24 | $13.6B | $195.4M |
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 | $-31.9M | $8.0M |
| Free Cash FlowOCF − Capex | $-35.2M | $8.0M |
| FCF MarginFCF / Revenue | -72.8% | 17.0% |
| Capex IntensityCapex / Revenue | 6.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $8.0M | ||
| Q3 25 | $9.2M | $9.1M | ||
| Q2 25 | $-16.3M | $7.0M | ||
| Q1 25 | $-552.0K | $6.1M | ||
| Q4 24 | $-8.7M | $-10.5M | ||
| Q3 24 | $14.2M | $-7.1M | ||
| Q2 24 | $-9.1M | $-8.0M | ||
| Q1 24 | $7.2M | $-350.0K |
| Q4 25 | $-35.2M | $8.0M | ||
| Q3 25 | $8.6M | $8.7M | ||
| Q2 25 | $-16.7M | $6.8M | ||
| Q1 25 | $-2.5M | $6.0M | ||
| Q4 24 | $-11.4M | $-12.4M | ||
| Q3 24 | $13.4M | $-7.1M | ||
| Q2 24 | $-9.4M | $-8.2M | ||
| Q1 24 | $5.9M | $-447.0K |
| Q4 25 | -72.8% | 17.0% | ||
| Q3 25 | 13.5% | 16.9% | ||
| Q2 25 | -32.4% | 19.0% | ||
| Q1 25 | -3.5% | 19.5% | ||
| Q4 24 | -123.5% | -47.0% | ||
| Q3 24 | 146.2% | -30.0% | ||
| Q2 24 | -16.3% | -28.9% | ||
| Q1 24 | 11.6% | -1.5% |
| Q4 25 | 6.9% | 0.1% | ||
| Q3 25 | 1.0% | 0.9% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 2.8% | 0.4% | ||
| Q4 24 | 29.4% | 7.1% | ||
| Q3 24 | 9.0% | 0.2% | ||
| Q2 24 | 0.4% | 0.8% | ||
| Q1 24 | 2.5% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.96× | — | ||
| Q1 24 | 9.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
