Telos Corporation income statement TLS

Annual Quarterly

In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, Telos Corporation reported revenue of $47.7 million, up 32.7% from the same quarter a year earlier. Net income was $660,000, a profit margin of 1.4%. Operating income came to $310,000, an operating margin of 0.6%. Diluted earnings per share were $0.01.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

TTM
Jun 30, 2026
Q2 FY2026
Jun 30, 2026
Q1 FY2026
Mar 31, 2026
Q4 FY2025
Dec 31, 2025
Q3 FY2025
Sep 30, 2025
Q2 FY2025
Jun 30, 2025
Q1 FY2025
Mar 31, 2025
Q4 FY2024
Dec 31, 2024
Q3 FY2024
Sep 30, 2024
Revenue
194
+65.9%
48
+32.7%
48
+55.9%
47
+77.4%
51
+116.3%
36
+26.2%
31
+3.4%
26
-35.8%
24
-34.3%
Cost of revenue
123
+55.6%
31
+29.2%
30
+64.7%
30
+93.1%
31
+49.7%
24
+27.9%
18
-1.2%
16
-41.6%
21
-10.9%
Gross profit
71
+87.4%
17
+39.9%
17
+42.6%
16
+54.0%
21
+553.7%
12
+22.9%
12
+11.1%
11
-24.6%
3
-75.8%
Research and development
7
-3.2%
1
-11.0%
1
-13.6%
2
+47.8%
2
-21.2%
2
+3.6%
2
-50.4%
1
-59.6%
2
-14.1%
Selling, general and administrative
69
-16.7%
15
-25.9%
15
-25.8%
18
-6.6%
21
-9.1%
20
+20.2%
20
+21.0%
19
+90.9%
23
+2.3%
Operating expenses
—
16
-24.9%
16
-24.9%
—
23
22
+18.9%
21
+9.3%
21
—
Operating income
-19
+66.7%
0
+103.1%
1
+116.1%
-19
-86.4%
-2
+91.4%
-10
-14.3%
-9
-6.9%
-10
-21.3%
-29
-197.8%
Interest expense
0
-19.1%
0
-24.1%
0
-24.5%
0
-15.1%
0
-13.4%
0
-11.9%
0
0
0
Other non-operating income (expense)
3
+17.3%
1
-9.4%
1
+24.2%
2
+121.0%
1
-48.0%
1
-48.0%
1
-55.2%
1
-46.3%
1
-19.6%
Pretax income
-16
+70.5%
1
+107.4%
2
+123.7%
-17
-82.1%
-2
+92.5%
-9
-22.4%
-9
-16.9%
-9
-33.4%
-28
-224.2%
Income tax
-1
-1991.2%
0
-4.3%
0
+550.0%
-1
-2804.0%
0
+23.5%
0
+170.6%
-0
-123.5%
-0
+21.9%
0
-26.1%
Net income
-16
+71.6%
1
+106.9%
2
+123.5%
-16
-74.8%
-2
+92.5%
-10
-22.7%
-9
-16.6%
-9
-33.7%
-28
-223.5%
Basic EPS
-0.21
+72.0%
0.01
+107.7%
0.03
+125.0%
-0.22
-73.3%
-0.03
+92.3%
-0.13
-18.2%
-0.12
-20.0%
-0.13
-28.9%
-0.39
-225.0%
Diluted EPS
-0.21
+72.6%
0.01
+107.7%
0.03
+125.0%
-0.22
-73.3%
-0.03
+92.3%
-0.13
-18.2%
-0.12
-20.0%
-0.13
-28.9%
-0.39
-225.0%
Weighted average shares, basic
74
+1.3%
75
+2.4%
74
+1.5%
73
+0.9%
73
+0.4%
73
+1.6%
73
+3.0%
72
+3.7%
72
+3.9%
Weighted average shares, diluted
75
+3.5%
78
+6.0%
78
+6.7%
73
+0.9%
73
+0.4%
73
+1.6%
73
+3.0%
72
+3.7%
72
+3.9%
Other measures
Depreciation and amortization
13
+32.6%
3
+33.4%
3
+46.8%
3
+37.2%
3
+15.6%
3
-28.1%
2
-25.3%
2
-15.4%
3
-4.1%
EBITDA
-6
+87.8%
4
+149.6%
5
+173.0%
-15
-103.0%
1
+102.7%
-7
-43.1%
-7
-25.9%
-7
-42.0%
-26
-282.5%
Interest coverage
-39.77x
2.90x
13.11x
-143.47x
-18.15x
-70.09x
-61.37x
-65.31x
-183.85x
Margins
Gross margin
36.64%
34.96%
36.39%
34.97%
39.94%
33.17%
39.79%
40.26%
13.22%
Operating margin
-9.92%
0.65%
3.05%
-39.57%
-4.80%
-27.48%
-29.47%
-37.64%
-121.36%
Pretax margin
-8.46%
1.47%
4.28%
-36.42%
-4.07%
-26.33%
-28.12%
-35.47%
-117.89%
Profit margin
-8.13%
1.38%
4.24%
-34.87%
-4.11%
-26.46%
-28.10%
-35.38%
-117.96%
EBITDA margin
-3.01%
7.66%
10.23%
-32.24%
1.38%
-20.50%
-21.84%
-28.17%
-109.81%
Effective tax rate
—
6.25%
0.88%
—
—
—
—
—
—
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Services-Computer Integrated Systems Design (SIC 7373)
Listed as
TLS (Nasdaq)
Fiscal year ends
December 31
Incorporated in
MD
Headquarters
Ashburn, VA
SEC filer status
Accelerated filer, Smaller reporting company
SEC CIK
320121
Former names
C3 INC (until Apr 21, 1995)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.