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Side-by-side financial comparison of Finwise Bancorp (FINW) and TELOS CORP (TLS). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($46.9M vs $46.8M, roughly 1.0× TELOS CORP). Finwise Bancorp runs the higher net margin — 8.4% vs -34.9%, a 43.2% gap on every dollar of revenue. On growth, Finwise Bancorp posted the faster year-over-year revenue change (121.7% vs 77.4%). TELOS CORP produced more free cash flow last quarter ($8.0M vs $-28.6M). Over the past eight quarters, Finwise Bancorp's revenue compounded faster (54.3% CAGR vs 25.7%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.9M | $46.8M |
| Net Profit | $3.9M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 11.7% | -39.6% |
| Net Margin | 8.4% | -34.9% |
| Revenue YoY | 121.7% | 77.4% |
| Net Profit YoY | 40.1% | -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.
| Q4 25 | $46.9M | $46.8M | ||
| Q3 25 | $36.7M | $51.4M | ||
| Q2 25 | $25.1M | $36.0M | ||
| Q1 25 | $22.1M | $30.6M | ||
| Q4 24 | $21.1M | $26.4M | ||
| Q3 24 | $20.8M | $23.8M | ||
| Q2 24 | $19.8M | $28.5M | ||
| Q1 24 | $19.7M | $29.6M |
| Q4 25 | $3.9M | $-16.3M | ||
| Q3 25 | $4.9M | $-2.1M | ||
| Q2 25 | $4.1M | $-9.5M | ||
| Q1 25 | $3.2M | $-8.6M | ||
| Q4 24 | $2.8M | $-9.3M | ||
| Q3 24 | $3.5M | $-28.1M | ||
| Q2 24 | $3.2M | $-7.8M | ||
| Q1 24 | $3.3M | $-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 | 11.7% | -39.6% | ||
| Q3 25 | 17.5% | -4.8% | ||
| Q2 25 | 21.7% | -27.5% | ||
| Q1 25 | 20.1% | -29.5% | ||
| Q4 24 | 17.5% | -37.6% | ||
| Q3 24 | 22.2% | -121.4% | ||
| Q2 24 | 21.1% | -30.3% | ||
| Q1 24 | 22.9% | -28.5% |
| Q4 25 | 8.4% | -34.9% | ||
| Q3 25 | 13.3% | -4.1% | ||
| Q2 25 | 16.3% | -26.5% | ||
| Q1 25 | 14.4% | -28.1% | ||
| Q4 24 | 13.2% | -35.4% | ||
| Q3 24 | 16.6% | -118.0% | ||
| Q2 24 | 16.1% | -27.2% | ||
| Q1 24 | 16.9% | -24.9% |
| Q4 25 | $0.27 | $-0.22 | ||
| Q3 25 | $0.34 | $-0.03 | ||
| Q2 25 | $0.29 | $-0.13 | ||
| Q1 25 | $0.23 | $-0.12 | ||
| Q4 24 | $0.19 | $-0.13 | ||
| Q3 24 | $0.25 | $-0.39 | ||
| Q2 24 | $0.24 | $-0.11 | ||
| Q1 24 | $0.25 | $-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 | $163.4M | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $193.2M | $96.0M |
| Total Assets | $977.1M | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $163.4M | $53.2M | ||
| Q3 25 | $105.6M | $59.0M | ||
| Q2 25 | $90.1M | $57.0M | ||
| Q1 25 | $120.3M | $57.8M | ||
| Q4 24 | $109.2M | $54.6M | ||
| Q3 24 | $85.8M | $69.8M | ||
| Q2 24 | $89.0M | $80.1M | ||
| Q1 24 | $115.8M | $93.9M |
| Q4 25 | $193.2M | $96.0M | ||
| Q3 25 | $187.8M | $119.7M | ||
| Q2 25 | $182.0M | $118.4M | ||
| Q1 25 | $177.4M | $126.1M | ||
| Q4 24 | $173.7M | $127.1M | ||
| Q3 24 | $170.4M | $129.5M | ||
| Q2 24 | $165.8M | $149.1M | ||
| Q1 24 | $162.5M | $154.4M |
| Q4 25 | $977.1M | $139.9M | ||
| Q3 25 | $899.9M | $164.3M | ||
| Q2 25 | $842.5M | $165.0M | ||
| Q1 25 | $804.1M | $158.1M | ||
| Q4 24 | $746.0M | $158.2M | ||
| Q3 24 | $683.0M | $166.3M | ||
| Q2 24 | $617.8M | $182.4M | ||
| Q1 24 | $610.8M | $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 | $-28.4M | $8.0M |
| Free Cash FlowOCF − Capex | $-28.6M | $8.0M |
| FCF MarginFCF / Revenue | -61.1% | 17.0% |
| Capex IntensityCapex / Revenue | 0.5% | 0.1% |
| Cash ConversionOCF / Net Profit | -7.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-68.3M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.4M | $8.0M | ||
| Q3 25 | $3.5M | $9.1M | ||
| Q2 25 | $-18.3M | $7.0M | ||
| Q1 25 | $-21.6M | $6.1M | ||
| Q4 24 | $-15.0M | $-10.5M | ||
| Q3 24 | $-9.8M | $-7.1M | ||
| Q2 24 | $-7.6M | $-8.0M | ||
| Q1 24 | $1.8M | $-350.0K |
| Q4 25 | $-28.6M | $8.0M | ||
| Q3 25 | $3.4M | $8.7M | ||
| Q2 25 | $-19.8M | $6.8M | ||
| Q1 25 | $-23.3M | $6.0M | ||
| Q4 24 | $-16.1M | $-12.4M | ||
| Q3 24 | $-13.4M | $-7.1M | ||
| Q2 24 | $-7.7M | $-8.2M | ||
| Q1 24 | $568.0K | $-447.0K |
| Q4 25 | -61.1% | 17.0% | ||
| Q3 25 | 9.4% | 16.9% | ||
| Q2 25 | -79.0% | 19.0% | ||
| Q1 25 | -105.3% | 19.5% | ||
| Q4 24 | -76.0% | -47.0% | ||
| Q3 24 | -64.3% | -30.0% | ||
| Q2 24 | -38.7% | -28.9% | ||
| Q1 24 | 2.9% | -1.5% |
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | 5.8% | 0.4% | ||
| Q1 25 | 7.4% | 0.4% | ||
| Q4 24 | 5.1% | 7.1% | ||
| Q3 24 | 17.2% | 0.2% | ||
| Q2 24 | 0.3% | 0.8% | ||
| Q1 24 | 6.0% | 0.3% |
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — | ||
| Q1 24 | 0.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
Segment breakdown not available.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
