# Telos Corporation (TLS)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $332M  
**Price:** $4.56 (+3.40%)

> Telos Corporation provides cyber, cloud, and enterprise security solutions to highly security-conscious organizations in the United States and internationally. The company operates through two primary segments: Security Solutions and Secure Networks. The Security Solutions segment delivers cybersecurity platforms like Xacta for enterprise cyber risk management, security compliance automation, identity solutions, and secure messaging, along with related consulting, assessment, engineering, operations, and penetration testing services. The Secure Networks segment offers secure networking architectures, including secure mobility solutions, network management, and defense services. Telos Corporation also serves as an official TSA PreCheck enrollment provider, expanding enrollment and renewal options at numerous partner locations nationwide. These offerings empower demanding enterprises, particularly in government and defense sectors, by protecting critical information and infrastructure through advanced technologies. Founded in 1971 and headquartered in Ashburn, Virginia, Telos Corporation plays a vital role in the cybersecurity and secure communications markets.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $165M | $61M | -$40M | -$37M | $-0.50 |
| 2024 | $108M | $34M | -$56M | -$53M | $-0.73 |
| 2023 | $145M | $53M | -$40M | -$34M | $-0.50 |
| 2022 | $217M | $79M | -$54M | -$53M | $-0.79 |
| 2021 | $242M | $86M | -$41M | -$43M | $-0.65 |
| 2020 | $180M | $62M | $297,000 | $2M | $0.04 |
| 2019 | $159M | $52M | $5M | -$6M | $-0.17 |
| 2018 | $138M | $53M | $9M | -$2M | $-0.04 |
| 2017 | $108M | $41M | $414,000 | -$6M | — |
| 2016 | $135M | $43M | $2M | -$7M | — |
| 2015 | $121M | $31M | -$4M | -$16M | — |
| 2014 | $128M | $25M | -$12M | -$12M | — |
| 2013 | $207M | $39M | $6M | -$3M | — |
| 2012 | $226M | $55M | $18M | $7M | — |
| 2011 | $190M | $48M | $13M | $1M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $140M | $44M | $96M | $53M | — |
| 2024 | $158M | $31M | $127M | $55M | — |
| 2023 | $209M | $50M | $159M | $99M | — |
| 2022 | $237M | $65M | $172M | $119M | — |
| 2021 | $246M | $66M | $180M | $127M | — |
| 2020 | $184M | $57M | $127M | $106M | — |
| 2019 | $78M | $214M | -$141M | $7M | — |
| 2018 | $74M | $207M | -$135M | $72,000 | $11M |
| 2017 | $74M | $210M | -$137M | $600,000 | $11M |
| 2016 | $57M | $187M | -$132M | $659,000 | — |
| 2015 | $60M | $184M | -$125M | $58,000 | $9M |
| 2014 | $74M | $182M | -$109M | $32,000 | $11M |
| 2013 | $89M | $188M | -$100M | $94,000 | $20M |
| 2012 | $79M | $176M | -$97M | $229,000 | $19M |
| 2011 | $90M | $194M | -$105M | $220,000 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $30M | $739,000 | $29M |
| 2024 | -$26M | $2M | -$28M |
| 2023 | $2M | $926,000 | $661,000 |
| 2022 | $17M | $1M | $15M |
| 2021 | $7M | $3M | $4M |
| 2020 | -$2M | $780,000 | -$3M |
| 2019 | $12M | $4M | $8M |
| 2018 | $6M | $2M | $4M |
| 2017 | -$591,000 | $748,000 | -$1M |
| 2016 | $14M | $624,000 | $13M |
| 2015 | $3M | $394,000 | $2M |
| 2014 | $6M | $665,000 | $6M |
| 2013 | $5M | $539,000 | $4M |
| 2012 | $16M | $591,000 | $15M |
| 2011 | $15M | $596,000 | $14M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TLS)