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Side-by-side financial comparison of TELOS CORP (TLS) and Zevia PBC (ZVIA). Click either name above to swap in a different company.
TELOS CORP is the larger business by last-quarter revenue ($46.8M vs $37.9M, roughly 1.2× Zevia PBC). Zevia PBC runs the higher net margin — -3.4% vs -34.9%, a 31.4% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -4.0%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs -1.2%).
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.
Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.
TLS vs ZVIA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.8M | $37.9M |
| Net Profit | $-16.3M | $-1.3M |
| Gross Margin | 35.0% | 47.7% |
| Operating Margin | -39.6% | -4.0% |
| Net Margin | -34.9% | -3.4% |
| Revenue YoY | 77.4% | -4.0% |
| Net Profit YoY | -74.8% | 80.9% |
| EPS (diluted) | $-0.22 | $-0.02 |
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 | $37.9M | ||
| Q3 25 | $51.4M | $40.8M | ||
| Q2 25 | $36.0M | $44.5M | ||
| Q1 25 | $30.6M | $38.0M | ||
| Q4 24 | $26.4M | $39.5M | ||
| Q3 24 | $23.8M | $36.4M | ||
| Q2 24 | $28.5M | $40.4M | ||
| Q1 24 | $29.6M | $38.8M |
| Q4 25 | $-16.3M | $-1.3M | ||
| Q3 25 | $-2.1M | $-2.7M | ||
| Q2 25 | $-9.5M | $-651.0K | ||
| Q1 25 | $-8.6M | $-6.4M | ||
| Q4 24 | $-9.3M | $-6.8M | ||
| Q3 24 | $-28.1M | $-2.5M | ||
| Q2 24 | $-7.8M | $-7.0M | ||
| Q1 24 | $-7.4M | $-7.2M |
| Q4 25 | 35.0% | 47.7% | ||
| Q3 25 | 39.9% | 45.6% | ||
| Q2 25 | 33.2% | 48.7% | ||
| Q1 25 | 39.8% | 50.1% | ||
| Q4 24 | 40.3% | 49.2% | ||
| Q3 24 | 13.2% | 49.1% | ||
| Q2 24 | 34.1% | 41.9% | ||
| Q1 24 | 37.0% | 45.7% |
| Q4 25 | -39.6% | -4.0% | ||
| Q3 25 | -4.8% | -7.0% | ||
| Q2 25 | -27.5% | -2.3% | ||
| Q1 25 | -29.5% | -16.8% | ||
| Q4 24 | -37.6% | -16.1% | ||
| Q3 24 | -121.4% | -8.2% | ||
| Q2 24 | -30.3% | -17.5% | ||
| Q1 24 | -28.5% | -18.8% |
| Q4 25 | -34.9% | -3.4% | ||
| Q3 25 | -4.1% | -6.6% | ||
| Q2 25 | -26.5% | -1.5% | ||
| Q1 25 | -28.1% | -16.8% | ||
| Q4 24 | -35.4% | -17.2% | ||
| Q3 24 | -118.0% | -6.9% | ||
| Q2 24 | -27.2% | -17.2% | ||
| Q1 24 | -24.9% | -18.6% |
| Q4 25 | $-0.22 | $-0.02 | ||
| Q3 25 | $-0.03 | $-0.04 | ||
| Q2 25 | $-0.13 | $-0.01 | ||
| Q1 25 | $-0.12 | $-0.08 | ||
| Q4 24 | $-0.13 | $-0.10 | ||
| Q3 24 | $-0.39 | $-0.04 | ||
| Q2 24 | $-0.11 | $-0.10 | ||
| Q1 24 | $-0.10 | $-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 | $53.2M | $25.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $96.0M | $51.0M |
| Total Assets | $139.9M | $63.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.2M | $25.4M | ||
| Q3 25 | $59.0M | $26.0M | ||
| Q2 25 | $57.0M | — | ||
| Q1 25 | $57.8M | — | ||
| Q4 24 | $54.6M | $30.7M | ||
| Q3 24 | $69.8M | — | ||
| Q2 24 | $80.1M | — | ||
| Q1 24 | $93.9M | — |
| Q4 25 | $96.0M | $51.0M | ||
| Q3 25 | $119.7M | $51.3M | ||
| Q2 25 | $118.4M | $53.0M | ||
| Q1 25 | $126.1M | $53.7M | ||
| Q4 24 | $127.1M | $64.9M | ||
| Q3 24 | $129.5M | $72.5M | ||
| Q2 24 | $149.1M | $75.0M | ||
| Q1 24 | $154.4M | $80.3M |
| Q4 25 | $139.9M | $63.6M | ||
| Q3 25 | $164.3M | $60.0M | ||
| Q2 25 | $165.0M | $62.5M | ||
| Q1 25 | $158.1M | $62.0M | ||
| Q4 24 | $158.2M | $68.0M | ||
| Q3 24 | $166.3M | $72.9M | ||
| Q2 24 | $182.4M | $72.8M | ||
| Q1 24 | $195.4M | $85.1M |
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 | $-507.0K |
| 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.
| Q4 25 | $8.0M | $-507.0K | ||
| Q3 25 | $9.1M | $116.0K | ||
| Q2 25 | $7.0M | $-1.4M | ||
| Q1 25 | $6.1M | $-2.9M | ||
| Q4 24 | $-10.5M | $-2.0M | ||
| Q3 24 | $-7.1M | $3.9M | ||
| Q2 24 | $-8.0M | $282.0K | ||
| Q1 24 | $-350.0K | $-3.2M |
| Q4 25 | $8.0M | — | ||
| Q3 25 | $8.7M | — | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $-12.4M | — | ||
| Q3 24 | $-7.1M | — | ||
| Q2 24 | $-8.2M | — | ||
| Q1 24 | $-447.0K | — |
| Q4 25 | 17.0% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 19.0% | — | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | -47.0% | — | ||
| Q3 24 | -30.0% | — | ||
| Q2 24 | -28.9% | — | ||
| Q1 24 | -1.5% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 7.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.3% | — |
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% |
ZVIA
Segment breakdown not available.
