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Side-by-side financial comparison of TELOS CORP (TLS) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $46.8M, roughly 1.8× TELOS CORP). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -34.9%, a 38.1% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 6.2%). TELOS CORP produced more free cash flow last quarter ($8.0M vs $-5.7M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs 6.3%).
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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
TLS vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $46.8M | $85.1M |
| Net Profit | $-16.3M | $2.7M |
| Gross Margin | 35.0% | 49.2% |
| Operating Margin | -39.6% | 6.4% |
| Net Margin | -34.9% | 3.2% |
| Revenue YoY | 77.4% | 6.2% |
| Net Profit YoY | -74.8% | -37.3% |
| EPS (diluted) | $-0.22 | $0.21 |
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 | $46.8M | $85.1M | ||
| Q3 25 | $51.4M | $73.2M | ||
| Q2 25 | $36.0M | $57.9M | ||
| Q1 25 | $30.6M | $80.0M | ||
| Q4 24 | $26.4M | $80.2M | ||
| Q3 24 | $23.8M | $74.2M | ||
| Q2 24 | $28.5M | $59.2M | ||
| Q1 24 | $29.6M | $75.3M |
| Q4 25 | $-16.3M | $2.7M | ||
| Q3 25 | $-2.1M | $12.1M | ||
| Q2 25 | $-9.5M | $-4.8M | ||
| Q1 25 | $-8.6M | $-28.3M | ||
| Q4 24 | $-9.3M | $4.3M | ||
| Q3 24 | $-28.1M | $569.0K | ||
| Q2 24 | $-7.8M | $4.4M | ||
| Q1 24 | $-7.4M | $-4.7M |
| Q4 25 | 35.0% | 49.2% | ||
| Q3 25 | 39.9% | 50.4% | ||
| Q2 25 | 33.2% | 50.3% | ||
| Q1 25 | 39.8% | 50.1% | ||
| Q4 24 | 40.3% | 50.0% | ||
| Q3 24 | 13.2% | 47.4% | ||
| Q2 24 | 34.1% | 50.6% | ||
| Q1 24 | 37.0% | 45.4% |
| Q4 25 | -39.6% | 6.4% | ||
| Q3 25 | -4.8% | 15.2% | ||
| Q2 25 | -27.5% | -7.7% | ||
| Q1 25 | -29.5% | -37.1% | ||
| Q4 24 | -37.6% | 7.2% | ||
| Q3 24 | -121.4% | 1.5% | ||
| Q2 24 | -30.3% | 9.5% | ||
| Q1 24 | -28.5% | -2.2% |
| Q4 25 | -34.9% | 3.2% | ||
| Q3 25 | -4.1% | 16.5% | ||
| Q2 25 | -26.5% | -8.3% | ||
| Q1 25 | -28.1% | -35.5% | ||
| Q4 24 | -35.4% | 5.4% | ||
| Q3 24 | -118.0% | 0.8% | ||
| Q2 24 | -27.2% | 7.4% | ||
| Q1 24 | -24.9% | -6.2% |
| Q4 25 | $-0.22 | $0.21 | ||
| Q3 25 | $-0.03 | $0.93 | ||
| Q2 25 | $-0.13 | $-0.37 | ||
| Q1 25 | $-0.12 | $-2.25 | ||
| Q4 24 | $-0.13 | $0.34 | ||
| Q3 24 | $-0.39 | $0.05 | ||
| Q2 24 | $-0.11 | $0.35 | ||
| Q1 24 | $-0.10 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $53.2M | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $96.0M | $53.4M |
| Total Assets | $139.9M | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.2M | $1.1M | ||
| Q3 25 | $59.0M | $777.0K | ||
| Q2 25 | $57.0M | $2.6M | ||
| Q1 25 | $57.8M | $607.0K | ||
| Q4 24 | $54.6M | $892.0K | ||
| Q3 24 | $69.8M | $711.0K | ||
| Q2 24 | $80.1M | $739.0K | ||
| Q1 24 | $93.9M | $357.0K |
| Q4 25 | $96.0M | $53.4M | ||
| Q3 25 | $119.7M | $49.3M | ||
| Q2 25 | $118.4M | $37.2M | ||
| Q1 25 | $126.1M | $41.8M | ||
| Q4 24 | $127.1M | $57.1M | ||
| Q3 24 | $129.5M | $52.4M | ||
| Q2 24 | $149.1M | $51.7M | ||
| Q1 24 | $154.4M | $47.2M |
| Q4 25 | $139.9M | $246.0M | ||
| Q3 25 | $164.3M | $239.0M | ||
| Q2 25 | $165.0M | $218.0M | ||
| Q1 25 | $158.1M | $222.7M | ||
| Q4 24 | $158.2M | $254.7M | ||
| Q3 24 | $166.3M | $253.6M | ||
| Q2 24 | $182.4M | $223.1M | ||
| Q1 24 | $195.4M | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | $8.0M | $-5.7M |
| FCF MarginFCF / Revenue | 17.0% | -6.7% |
| Capex IntensityCapex / Revenue | 0.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $29.4M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | $-5.1M | ||
| Q3 25 | $9.1M | $4.2M | ||
| Q2 25 | $7.0M | $-11.8M | ||
| Q1 25 | $6.1M | $22.7M | ||
| Q4 24 | $-10.5M | $6.4M | ||
| Q3 24 | $-7.1M | $-3.2M | ||
| Q2 24 | $-8.0M | $-3.9M | ||
| Q1 24 | $-350.0K | $14.8M |
| Q4 25 | $8.0M | $-5.7M | ||
| Q3 25 | $8.7M | $2.1M | ||
| Q2 25 | $6.8M | $-13.2M | ||
| Q1 25 | $6.0M | $21.2M | ||
| Q4 24 | $-12.4M | $5.1M | ||
| Q3 24 | $-7.1M | $-3.9M | ||
| Q2 24 | $-8.2M | $-4.6M | ||
| Q1 24 | $-447.0K | $14.2M |
| Q4 25 | 17.0% | -6.7% | ||
| Q3 25 | 16.9% | 2.9% | ||
| Q2 25 | 19.0% | -22.9% | ||
| Q1 25 | 19.5% | 26.5% | ||
| Q4 24 | -47.0% | 6.4% | ||
| Q3 24 | -30.0% | -5.2% | ||
| Q2 24 | -28.9% | -7.8% | ||
| Q1 24 | -1.5% | 18.9% |
| Q4 25 | 0.1% | 0.7% | ||
| Q3 25 | 0.9% | 2.9% | ||
| Q2 25 | 0.4% | 2.5% | ||
| Q1 25 | 0.4% | 1.9% | ||
| Q4 24 | 7.1% | 1.6% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 0.3% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
