Telos Corp income statement

In fiscal 2025, Telos Corp reported revenue of $165m, up 52.2% on the year before, operating income of −$39.9m (a -24.2% margin) and net income of −$36.5m, or −$0.50 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Telos Corp: income statement, 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
Revenue	276	226	190	226	207	128	121	135	108	138	159	180	242	217	145	108	165	194
Cost of revenue	230	178	142	171	169	103	90	91	67	85	107	117	156	138	92	74	104	123
Gross profit	46	47	48	55	39	25	31	43	41	53	52	62	86	79	53	34	61	71
Research and development	—	1	1	1	2	2	2	3	4	9	11	14	19	17	12	8	7	7
Selling, general and administrative	32	32	35	37	32	37	34	41	40	44	47	62	127	133	81	75	79	69
Operating income	14	15	13	18	6	−12	−4	2	0	9	5	0	−41	−54	−40	−56	−40	−19
Interest expense	7	6	6	7	5	5	6	5	7	7	7	7	1	1	1	1	1	0
Income before tax	7	9	7	17	1	−17	−9	−3	−6	2	−2	7	−43	−53	−34	−52	−37	−16
Income tax	4	5	3	7	2	−6	4	0	−3	0	−0	−0	−0	0	0	0	−1	−1
Net income	1	3	1	7	−3	−12	−16	−7	−6	−2	−6	2	−43	−53	−34	−53	−37	−16
Diluted EPS	—	—	—	—	—	—	—	—	—	−$0.04	−$0.17	$0.04	−$0.65	−$0.79	−$0.50	−$0.73	−$0.50	−$0.21
Diluted shares (average)	—	—	—	—	—	—	—	—	—	37m	38m	43m	66m	68m	69m	72m	73m	75m
EBITDA	15	17	15	22	10	−7	1	5	2	12	10	6	−36	−48	−31	−44	−28	−6

US$ millions unless shown otherwise. Fiscal quarters.

Telos Corp: income statement, 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
Revenue	24	26	31	36	51	47	48	48
Cost of revenue	21	16	18	24	31	30	30	31
Gross profit	3	11	12	12	21	16	17	17
Research and development	2	1	2	2	2	2	1	1
Selling, general and administrative	23	19	20	20	21	18	15	15
Operating income	−29	−10	−9	−10	−2	−19	1	0
Interest expense	0	0	0	0	0	0	0	0
Income before tax	−28	−9	−9	−9	−2	−17	2	1
Income tax	0	−0	−0	0	0	−1	0	0
Net income	−28	−9	−9	−10	−2	−16	2	1
Diluted EPS	−$0.39	−$0.13	−$0.12	−$0.13	−$0.03	−$0.22	$0.03	$0.01
EBITDA	−26	−7	−7	−7	1	−15	5	4

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.