15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $165M | -$37M | 37.0% | -24.2% | $29M | — | $53M |
| 2024 | $108M | -$53M | 31.8% | -51.6% | -$28M | — | $55M |
| 2023 | $145M | -$34M | 36.4% | -27.7% | $661000 | — | $99M |
| 2022 | $217M | -$53M | 36.4% | -24.8% | $15M | — | $119M |
| 2021 | $242M | -$43M | 35.5% | -17.1% | $4M | — | $127M |
| 2020 | $180M | $2M | 34.7% | 0.2% | -$3M | — | $106M |
| 2019 | $159M | -$6M | 32.9% | 3.2% | $8M | — | $7M |
| 2018 | $138M | -$2M | 38.4% | 6.5% | $4M | $11M | $72000 |
| 2017 | $108M | -$6M | 37.7% | 0.4% | -$1M | $11M | $600000 |
| 2016 | $135M | -$7M | 32.2% | 1.6% | $13M | $0 | $659000 |
| 2015 | — | -$16M | — | — | $2M | $9M | $58000 |
| 2014 | — | -$12M | — | — | $6M | $11M | $32000 |
| 2013 | — | -$3M | — | — | $4M | $20M | $94000 |
| 2012 | — | $7M | — | — | $15M | $19M | $229000 |
| 2011 | — | $1M | — | — | $14M | — | $220000 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $48M | $2M | 36.4% | 3.0% | $9M | — | $50M |
| Dec '25 | $47M | -$16M | 35.0% | -39.6% | $8M | — | $53M |
| Sep '25 | $51M | -$2M | 39.9% | -4.8% | $9M | — | $59M |
| Jun '25 | $36M | -$10M | 33.2% | -27.5% | $7M | — | $57M |
| Mar '25 | $31M | -$9M | 39.8% | -29.5% | $6M | — | $58M |
| Dec '24 | $26M | -$9M | 40.3% | -37.6% | -$12M | — | $55M |
| Sep '24 | $24M | -$28M | 13.2% | -121.4% | -$7M | — | $70M |
| Jun '24 | $28M | -$8M | 34.1% | -30.3% | -$8M | — | $80M |
| Mar '24 | $30M | -$7M | 37.0% | -28.5% | -$447000 | — | $94M |
| Dec '23 | $41M | -$7M | 34.3% | -19.9% | $4M | — | $99M |
| Sep '23 | $36M | -$9M | 36.0% | -26.8% | $766000 | — | $100M |
| Jun '23 | $33M | -$8M | 37.6% | -28.8% | -$4M | — | $103M |
| Mar '23 | $35M | -$11M | 38.3% | -36.8% | -$323000 | — | $112M |
| Dec '22 | $47M | -$14M | 38.6% | -31.0% | -$4M | — | $119M |
| Sep '22 | $64M | -$8M | 32.9% | -13.8% | $12M | — | $125M |
| Jun '22 | $56M | -$14M | 37.5% | -25.2% | $8M | — | $123M |
| Mar '22 | $50M | -$17M | 37.6% | -32.6% | -$297000 | — | $120M |
| Dec '21 | $64M | -$5M | 37.7% | -8.4% | -$4M | — | $127M |
| Sep '21 | $69M | -$5M | 36.1% | -7.4% | $12M | — | $134M |
| Jun '21 | $54M | -$18M | 42.0% | -32.6% | $3M | — | $131M |
How the market has priced TLS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Telos Corp's revenue has declined 1.7% per year. These are computed facts, not advice.
As of FY2025, Telos Corp reported — of total debt against $53M of cash; operating income covered interest expense -72.1×.
In FY2025, gross margin was 37.0%, operating margin -24.2%, and net margin -22.2%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.