TELOS CORP (TLS) Form 10-Q — Aug 10, 2026
Telos Corporation returned to profitability in the second quarter of 2026, posting net income of $0.7 million ($0.01 per share) versus a $9.5 million net loss a year earlier, as revenue grew 32.7% year over year to $47.7 million. Growth was driven by the Security Solutions segment, up 43.7% to $46.7 million on the expansion of multiple large Telos ID programs, while operating expenses fell 24.9% on lower stock-based compensation and restructuring-driven cost discipline. The Secure Networks segment remains the weak spot, with revenue down 69.0% to $1.1 million as programs ramp down without new wins to backfill them.
Key figures
- Eps
- 0.01
- Revenue
- 47745000
- Net Income
- 660000
- Revenue Yoy
- 32.7% (Q2 2026 vs Q2 2025)
- Total Assets
- 139749000
- Cash Position
- 50647000
- Shares Outstanding
- 74736789
- Funded backlog
- 56500000
- Gross margin q2
- 35.0%
- Working capital
- 56200000
- Q2 buyback spend
- 4691000
- Q2 buyback shares
- 1042350
- Revolver maturity
- December 30, 2026
- Six month revenue
- 95487000
- Q2 opex yoy change
- -24.9%
- Q2 buyback avg price
- 4.5
- Six month net income
- 2683000
- Revolving credit facility
- 15000000
- Secure networks q2 revenue
- 1083000
- Federal revenue share h1 2026
- 92%
- Security solutions q2 revenue
- 46662000
- Six month operating cash flow
- 17489000
- Secure networks q2 revenue yoy
- -69.0%
- Remaining buyback authorization
- 43200000
- Cumulative restructuring expenses
- 1500000
- Security solutions q2 revenue yoy
- +43.7%
Price after filing
Close on the filing date to close N calendar days later (from $4.78). Historical, not a forecast.
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