Telos Corp balance sheet

At the end of fiscal 2025, Telos Corp had total assets of $140m, total liabilities of $43.9m and shareholders' equity of $96.0m. It held $53.2m in cash against $0 of debt: net cash of $53.2m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Telos Corp: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	0	0	0	0	0	0	0	1	1	0	7	106	127	119	99	55	53	51
Receivables	—	54	37	34	46	23	19	19	25	35	28	31	60	40	30	19	17	18
Inventory	—	7	15	10	5	3	3	4	14	4	2	3	1	3	1	2	1	5
Total current assets	—	67	58	52	52	33	26	25	42	41	40	144	192	168	140	91	94	97
Goodwill	—	0	15	15	15	15	15	15	15	15	15	15	18	18	18	18	3	3
Total assets	—	75	90	79	89	74	60	57	74	74	78	184	246	237	209	158	140	140
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	15	8	13	8	1	4	6
Deferred revenue (current)	—	4	4	6	3	3	3	5	10	5	6	6	6	6	7	7	11	17
Total current liabilities	—	46	43	37	35	30	25	34	46	39	37	39	51	46	39	22	37	41
Short-term debt	—	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—
Long-term debt	—	0	12	19	20	11	9	0	11	11	16	—	—	—	—	—	—	—
Total debt	0	14	21	19	21	13	10	0	12	12	17	0	0	0	0	0	0	0
Total liabilities	—	181	194	176	188	182	184	187	210	207	214	57	66	65	50	31	44	46
Shareholders' equity	−109	−106	−105	−97	−100	−109	−125	−132	−137	−135	−141	127	180	172	159	127	96	93
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	2	—	3	5	—	—	—	—	—	—	—
Net debt (negative = net cash)	−0	14	21	19	20	13	10	−1	11	12	10	−106	−127	−119	−99	−55	−53	−51
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	67m	67m	70m	73m	73m	75m

US$ millions unless shown otherwise. Fiscal quarters.

Telos Corp: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	15	19	19	19	20	17	16	18
Inventory	1	2	1	4	3	1	3	5
Total current assets	99	91	94	103	103	94	96	97
Goodwill	18	18	18	18	18	3	3	3
Total assets	166	158	158	165	164	140	140	140
Accounts payable	3	1	1	12	3	4	3	6
Deferred revenue (current)	7	7	7	13	14	11	18	17
Total current liabilities	27	22	24	39	37	37	37	41
Total liabilities	37	31	32	47	45	44	43	46
Shareholders' equity	129	127	126	118	120	96	97	93
Shares outstanding	72m	73m	73m	72m	72m	73m	75m	75m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Telos Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Telos Corp.