Telos Corporation (TLS)

From the record

Telos Corporation's filings since 2017 show 4 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2022-03-18); an auditor change (8-K item 4.01, the latest 2022-06-08); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-03-01) (its current reports).

From the record

Telos Corporation's 10 filed years say what it did: revenue went from $135 million in fiscal 2016 to $165 million in fiscal 2025, up 2.3% a year; it rose in 5 of 9 years; the deepest fall was 55% from fiscal 2021 to fiscal 2024; net income was positive in 1 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Telos Corporation's diluted share count grew about 2.6% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 27 sales and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Telos Corporation lost about 38 cents for every dollar of shareholders' money, and gross profitability: its products earned about 44 cents per dollar of everything the company owns. Leverage: it owed about 31 cents per dollar of assets, and net share issuance: its share count grew 1.4% over the year (the filed statements).

From the record

Telos Corporation's standing among 40 graded names in its industry family: revenue of $165 million in fiscal 2025 ranks in the top 43% by size; a net margin of -22.2% ranks in the bottom 44%; revenue growth of -8.7% a year over the last 3 filed years ranks in the bottom 31% (its annual reports).

From the record

Telos Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Wood, John B (Chairman and CEO, as filed), filing under that title since 2006-03-23, 20.6 years (top 2% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (bottom 42%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 40%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Telos Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $53 million against no long-term debt tagged leaves 38% of its assets as net cash, top 13% of its family; cash from operations less capital spending is 17.9% of revenue (top 19%); a gross margin of 37% (top 50%); research spending of 4.3% of revenue (bottom 18%) (its annual report).

From the record

Telos Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -8.7% a year over the last three filed years against 2.3% over all 10, slowing (bottom 26% of its family); the newest year grew 52.3% (top 15%); research spending grew -25.3% a year (bottom 11%); capital spending grew -9.9% a year (bottom 35%) (its annual reports). Telos Corporation reported 2 lines of business in fiscal 2025: Security Solutions at $150 million (91%), Secure Networks at $15 million (9%); 1 of 2 grew against the year before (its annual report).

From the record

Telos Corporation's newest year against its own record: revenue of $165 million in fiscal 2025 came in 115.4% above the $77 million its prior three years' pace pointed to (top 14% of its family); net income of $37 million against a prior three-year average of $47 million (bottom 47%); a net margin of -22.2% against -32.3% before (top 36%) (its annual reports).