Telos Corp. (TLS)
Nasdaq · Services-Computer Integrated Systems Design · Services · CIK 320121 · fiscal year ends in Dec
Closing price $5.42 on 30 Oct 2026; 52-week range $3.88 to $7.76.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $193.7M
- Revenue growth
- 65.9%
- Net income, last twelve months
- -$15.7M
- Earnings per share
- -$0.21
- Gross margin
- 36.6%
- Operating margin
- -9.9%
- Net margin
- -8.1%
- Free cash flow
- $33.7M
- Return on equity
- -16.9%
- Market value
- $405.1M
- Cash
- $50.6M
- Debt
- $0
- Debt to equity
- 0.00
- Shares outstanding
- 74.7M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $164.8M | -$39.9M | -$36.5M | -$0.50 | $29.4M | 10-K filed 16 Mar 2026 |
| FY2024 | 31 Dec 2024 | $108.3M | -$55.9M | -$52.5M | -$0.73 | -$28.2M | 10-K filed 10 Mar 2025 |
| FY2023 | 31 Dec 2023 | $145.4M | -$40.3M | -$34.4M | -$0.50 | $661.0K | 10-K filed 15 Mar 2024 |
| FY2022 | 31 Dec 2022 | $216.9M | -$53.9M | -$53.4M | -$0.79 | $15.5M | 10-K filed 16 Mar 2023 |
| FY2021 | 31 Dec 2021 | $242.4M | -$41.5M | -$43.1M | -$0.65 | $4.1M | 10-K filed 28 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $47.7M | $660.0K | $0.01 |
| Q1 FY2026 | 31 Mar 2026 | $47.7M | $2.0M | $0.03 |
| Q4 FY2025 | 31 Dec 2025 | $46.8M | -$16.3M | -$0.22 |
| Q3 FY2025 | 30 Sep 2025 | $51.4M | -$2.1M | -$0.03 |
| Q2 FY2025 | 30 Jun 2025 | $36.0M | -$9.5M | -$0.13 |
| Q1 FY2025 | 31 Mar 2025 | $30.6M | -$8.6M | -$0.12 |
| Q4 FY2024 | 31 Dec 2024 | $26.4M | -$9.3M | -$0.13 |
| Q3 FY2024 | 30 Sep 2024 | $23.8M | -$28.1M | -$0.39 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Revenues | $149.6M | 90.8% |
| Impairment loss on intangible assets | $15.2M | 9.2% |
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Cost of sales - services | $136.5M | 82.9% |
| Product | $28.3M | 17.1% |
Company events
The newest 8-K filings of 129 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 28 May 2026 | 8-K | Leadership change | 5.02 |
| 11 May 2026 | 8-K | Results | 2.02, 9.01 |
| 7 May 2026 | 8-K | Leadership change, Shareholder vote | 5.02, 5.07, 9.01 |
| 29 Apr 2026 | 8-K | Results, Leadership change | 2.02, 5.02 |
| 16 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 2 Jan 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 10 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 18 Aug 2025 | 8-K | Investor update | 7.01 |
| 11 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 9 Jul 2025 | 8-K | Leadership change | 5.02 |
| 23 May 2025 | 8-K | Leadership change | 5.02 |
Every filing
The newest filings with the SEC of 392 held.
| Filed | Form | Period |
|---|---|---|
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
| 28 May 2026 | 8-K | 28 May 2026 |
| 11 May 2026 | S-8 | – |
| 11 May 2026 | 10-Q | 31 Mar 2026 |
| 11 May 2026 | 8-K | 11 May 2026 |
| 7 May 2026 | 8-K | 7 May 2026 |
| 29 Apr 2026 | 8-K | 28 Apr 2026 |
| 27 Mar 2026 | DEFA14A | – |
| 27 Mar 2026 | DEF 14A | 7 May 2026 |
| 16 Mar 2026 | 10-K | 31 Dec 2025 |
| 16 Mar 2026 | 8-K | 16 Mar 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | Wood John B, Chairman and CEO | Sale outside a trading plan | 96,151 | $4.05 | $389.4K | 1,505,867 | 21 Sep 2026 |
| 18 Sep 2026 | Bendza Gary Mark, EVP, CFO | Sale outside a trading plan | 174,539 | $4.05 | $706.9K | 337,008 | 21 Sep 2026 |
| 11 Sep 2026 | Bendza Gary Mark, EVP, CFO | Sale outside a trading plan | 25,461 | $4.33 | $110.2K | 511,547 | 11 Sep 2026 |
| 9 Sep 2026 | Bendza Gary Mark, EVP, CFO | Sale outside a trading plan | 200,000 | $4.55 | $910.0K | 537,008 | 10 Sep 2026 |
| 2 Sep 2026 | Robbins Edward Hutchinson Jr., EVP, General Counsel | Sale outside a trading plan | 62,398 | $4.73 | $295.1K | 589,915 | 2 Sep 2026 |
| 21 Aug 2026 | Dockery Derrick D., Director | Sale outside a trading plan | 12,000 | $4.43 | $53.2K | 156,591 | 24 Aug 2026 |
| 12 Aug 2026 | Dockery Derrick D., Director | Sale outside a trading plan | 11,000 | $4.34 | $47.7K | 168,591 | 13 Aug 2026 |
| 26 Jun 2026 | Bendza Gary Mark, EVP, CFO | Sale outside a trading plan | 80,140 | $4.41 | $353.4K | 737,008 | 26 Jun 2026 |
| 25 Jun 2026 | Bendza Gary Mark, EVP, CFO | Sale outside a trading plan | 97,976 | $4.19 | $410.5K | 817,148 | 26 Jun 2026 |
| 24 Jun 2026 | Bendza Gary Mark, EVP, CFO | Sale outside a trading plan | 71,884 | $4.36 | $313.4K | 915,124 | 26 Jun 2026 |
| 24 Jun 2026 | Dockery Derrick D., Director | Sale outside a trading plan | 7,000 | $4.36 | $30.5K | 179,591 | 26 Jun 2026 |
| 22 Jun 2026 | Jacobs Bradley W., Director | Sale outside a trading plan | 55,772 | $4.31 | $240.4K | 166,612 | 24 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 21 Sep 2026 | John B. Wood, Officer | 96,151 | $387.0K | 21 Sep 2026 |
| 11 Sep 2026 | Gary Mark Bendza, Officer | 200,000 | $936.0K | 11 Sep 2026 |
| 9 Sep 2026 | Gary Mark Bendza, Officer | 200,000 | $932.0K | 9 Sep 2026 |
| 2 Sep 2026 | EDWARD ROBBINS, Officer | 62,398 | $294.9K | 2 Sep 2026 |
| 21 Aug 2026 | DERRICK DOCKERY, Director | 12,000 | $53.2K | 21 Aug 2026 |
| 12 Aug 2026 | DERRICK DOCKERY, Director | 11,000 | $47.7K | 12 Aug 2026 |
| 24 Jun 2026 | DERRICK DOCKERY, Director | 7,000 | $30.5K | 24 Jun 2026 |
| 24 Jun 2026 | Gary Mark Bendza, Officer | 250,000 | $1.1M | 24 Jun 2026 |
| 22 Jun 2026 | BRADLEY JACOBS, Director | 55,772 | $240.1K | 22 Jun 2026 |
| 28 May 2026 | DERRICK DOCKERY, Director | 8,000 | $38.2K | 28 May 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 30 Jul 2026 | BlackRock, Inc. | 13G | 5.7% | 4.3M |
| 24 Jul 2026 | John B. Wood | 13D | 9.1% | 6.8M |
| 27 Apr 2026 | BlackRock, Inc. | 13G amended | 4.8% | 3.8M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 2.6M | -2.54% | 3.95 |
| 30 Sep 2026 | 2.7M | -13.53% | 3.66 |
| 15 Sep 2026 | 3.1M | +11.7% | 4.39 |
| 31 Aug 2026 | 2.8M | +14.52% | 5.15 |
| 14 Aug 2026 | 2.4M | -1.16% | 4.75 |
| 31 Jul 2026 | 2.4M | +9.35% | 5.92 |
| 15 Jul 2026 | 2.2M | +4.12% | 4.64 |
| 30 Jun 2026 | 2.1M | +29.45% | 2.1 |
Funds that hold it
From each fund's latest Form 13F.
184 funds held it at 30 Jun 2026: 102 added and 40 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Barclays PLC | 9,459,214 | $43.5M | -4,040 |
| BlackRock, Inc. | 4,347,411 | $20.0M | +561,812 |
| Vanguard Capital Management LLC | 2,368,594 | $10.9M | +91,075 |
| Pinnacle Associates Ltd | 2,228,740 | $10.3M | -62,289 |
| AQR Capital Management LLC | 2,186,604 | $10.1M | +925,241 |
| Masters Capital Management LLC | 2,100,000 | $9.7M | +100,000 |
| D. E. Shaw & Co., Inc. | 1,938,961 | $8.9M | -112,355 |
| Weber Capital Management LLC | 1,766,520 | $8.1M | 0 |
| Mirae Asset Global ETFS Holdings Ltd. | 1,528,230 | $7.0M | -735,251 |
| Geode Capital Management, LLC | 1,432,550 | $6.6M | +117,082 |
Peers
Companies in the same industry.
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- Jack Henry & Associates Inc. (JKHY): revenue $2.5B, market value $11.3B
- Aurora Innovation, Inc. (AUR): revenue $7.0M, market value $8.8B
- Open Text Corp. (OTEX): revenue $5.2B, market value $6.4B
- Science Applications International Corp. (SAIC): revenue $7.4B, market value $6.4B
- Waystar Holding Corp. (WAY): revenue $1.2B, market value $5.4B