Telos Corporation (TLS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 47.74M | 46.78M | 51.44M | 35.97M | 30.62M | 26.37M | 23.78M | 28.5M | 29.62M | 41.06M | 36.19M | 32.91M | 35.22M | 47.34M | 63.59M | 55.79M | 50.16M | 64.05M | 68.98M | 53.64M |
| Revenue Growth % | 55.94% | 77.37% | 116.31% | 26.21% | 3.37% | -35.77% | -34.28% | -13.41% | -15.91% | -13.27% | -43.1% | -41.01% | -29.78% | -26.08% | -7.81% | 4% | -10.04% | 42.69% | 45.41% | 10.36% |
| Cost of Goods Sold | 30.37M | 30.04M | 31.01M | 24.15M | 18.55M | 15.75M | 15.62M | 18.79M | 19.61M | 26.97M | 23.17M | 20.55M | 21.74M | 29.05M | 42.65M | 34.86M | 31.29M | 39M | 44.1M | 31.11M |
| COGS % of Revenue | 63.61% | 64.22% | 60.28% | 67.14% | 60.58% | 59.74% | 65.66% | 65.94% | 66.21% | 65.69% | 64.04% | 62.45% | 61.72% | 61.35% | 67.06% | 62.49% | 62.38% | 60.9% | 63.94% | 57.99% |
| Gross Profit | 17.38M | 16.74M | 20.43M | 11.82M | 12.07M | 10.62M | 8.17M | 9.71M | 10.01M | 14.09M | 13.01M | 12.36M | 13.48M | 18.3M | 20.95M | 20.93M | 18.87M | 25.05M | 24.88M | 22.53M |
| Gross Margin % | 36.39% | 35.78% | 39.72% | 32.86% | 39.42% | 40.26% | 34.34% | 34.06% | 33.79% | 34.31% | 35.96% | 37.55% | 38.28% | 38.65% | 32.94% | 37.51% | 37.62% | 39.1% | 36.06% | 42.01% |
| Gross Profit Growth % | 43.96% | 57.63% | 150.22% | 21.76% | 20.61% | -24.63% | -37.25% | -21.46% | -25.78% | -23.01% | -37.87% | -40.95% | -28.56% | -26.94% | -15.81% | -7.12% | 31.44% | 56.12% | 50.21% | 28.23% |
| Operating Expenses | 15.92M | 19.84M | 22.9M | 21.7M | 21.09M | 20.55M | 24.93M | 18.35M | 18.45M | 22.27M | 22.71M | 21.83M | 26.45M | 37.58M | 29.73M | 34.97M | 35.24M | 29.21M | 29.96M | 40.01M |
| OpEx % of Revenue | 33.35% | 42.4% | 44.52% | 60.34% | 68.89% | 77.9% | 104.83% | 64.39% | 62.31% | 54.25% | 62.75% | 66.32% | 75.1% | 79.38% | 46.75% | 62.67% | 70.25% | 45.6% | 43.44% | 74.58% |
| Selling, General & Admin | 14.56M | 17.76M | 21M | 20.19M | 19.52M | 19.14M | 23.11M | 16.89M | 16.12M | 18.66M | 19.55M | 19.18M | 23.62M | 34.56M | 25.75M | 30.48M | 29.81M | 24.89M | 25.1M | 34.68M |
| SG&A % of Revenue | 30.5% | 37.97% | 40.83% | 56.13% | 63.76% | 72.58% | 97.17% | 59.27% | 54.43% | 45.44% | 54.03% | 58.28% | 67.06% | 73% | 40.49% | 54.63% | 59.43% | 38.86% | 36.39% | 64.64% |
| Research & Development | 1.36M | 2.08M | 1.9M | 1.51M | 1.57M | 1.4M | 1.82M | 1.46M | 2.33M | 3.61M | 3.15M | 2.65M | 2.83M | 3.02M | 3.98M | 4.49M | 5.43M | 4.31M | 4.86M | 5.33M |
| R&D % of Revenue | 2.84% | 4.44% | 3.69% | 4.2% | 5.13% | 5.32% | 7.66% | 5.12% | 7.88% | 8.8% | 8.72% | 8.04% | 8.04% | 6.37% | 6.26% | 8.05% | 10.83% | 6.73% | 7.05% | 9.93% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.46M | -3.1M | -2.47M | -9.88M | -9.02M | -9.93M | -16.77M | -8.64M | -8.45M | -8.19M | -9.69M | -9.47M | -12.97M | -19.28M | -8.78M | -14.04M | -16.37M | -4.16M | -5.09M | -17.47M |
| Operating Margin % | 3.05% | -6.62% | -4.8% | -27.48% | -29.47% | -37.64% | -70.49% | -30.33% | -28.52% | -19.93% | -26.79% | -28.77% | -36.82% | -40.73% | -13.81% | -25.16% | -32.63% | -6.49% | -7.38% | -32.57% |
| Operating Income Growth % | 116.13% | 68.79% | 85.28% | -14.33% | -6.79% | -21.28% | -72.96% | 8.69% | 34.87% | 57.55% | -10.35% | 32.55% | 20.76% | -363.49% | -72.64% | 19.66% | -21.29% | 57.05% | -212.74% | -444.87% |
| EBITDA | 4.88M | 331K | 709K | -7.37M | -6.69M | -7.43M | -14.02M | -5.15M | -5.32M | -5.09M | -6.48M | -7.77M | -11.54M | -17.82M | -7.27M | -12.53M | -14.96M | -2.76M | -3.63M | -16.07M |
| EBITDA Margin % | 10.23% | 0.71% | 1.38% | -20.5% | -21.84% | -28.17% | -58.94% | -18.08% | -17.96% | -12.4% | -17.9% | -23.61% | -32.78% | -37.64% | -11.43% | -22.46% | -29.83% | -4.31% | -5.26% | -29.95% |
| EBITDA Growth % | 173.05% | 104.46% | 105.06% | -43.1% | -25.7% | -45.88% | -116.38% | 33.69% | 53.93% | 71.42% | 10.86% | 37.99% | 22.84% | -545.81% | -100.25% | 22.01% | -23.31% | 66.96% | -162.6% | -350.62% |
| D&A (Non-Cash Add-back) | 3.43M | 3.43M | 3.18M | 2.51M | 2.34M | 2.5M | 2.75M | 3.49M | 3.13M | 3.09M | 3.21M | 1.7M | 1.43M | 1.46M | 1.52M | 1.5M | 1.41M | 1.4M | 1.46M | 1.4M |
| EBIT | 1.46M | -3.1M | -2.47M | -9.88M | -9.02M | -9.2M | -27.88M | -7.58M | -7.19M | -6.84M | -8.47M | -7.82M | -10.47M | -18.58M | -8.27M | -13.92M | -16.36M | -4.08M | -5.07M | -17.44M |
| Net Interest Income | -111K | -129K | -136K | -141K | -147K | -152K | -157K | -160K | -175K | -175K | -178K | -184K | -249K | -316K | -181K | -187K | -190K | -194K | -195K | -192K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 111K | 129K | 136K | 141K | 147K | 152K | 157K | 160K | 175K | 175K | 178K | 184K | 249K | 316K | 181K | 187K | 190K | 194K | 195K | 192K |
| Other Income/Expense | 586K | -13.94M | 375K | 412K | 414K | 572K | -11.27M | 904K | 1.09M | 1.17M | 1.04M | 1.47M | 2.25M | 386K | 337K | -69K | -178K | -114K | -175K | -160K |
| Pretax Income | 2.04M | -17.04M | -2.09M | -9.47M | -8.61M | -9.36M | -28.04M | -7.74M | -7.36M | -7.01M | -8.65M | -8M | -10.72M | -18.89M | -8.45M | -14.11M | -16.55M | -4.27M | -5.26M | -17.63M |
| Pretax Margin % | 4.28% | -36.42% | -4.07% | -26.33% | -28.12% | -35.47% | -117.89% | -27.16% | -24.85% | -17.08% | -23.9% | -24.31% | -30.44% | -39.91% | -13.28% | -25.28% | -32.98% | -6.67% | -7.63% | -32.87% |
| Income Tax | 18K | -726K | 21K | 46K | -4K | -25K | 17K | 17K | 17K | -32K | 23K | 22K | 23K | -79K | 8K | 54K | 71K | -34K | -41K | 13K |
| Effective Tax Rate % | 0.88% | 4.26% | -1% | -0.49% | 0.05% | 0.27% | -0.06% | -0.22% | -0.23% | 0.46% | -0.27% | -0.27% | -0.21% | 0.42% | -0.09% | -0.38% | -0.43% | 0.8% | 0.78% | -0.07% |
| Net Income | 2.02M | -16.31M | -2.11M | -9.52M | -8.6M | -9.33M | -28.05M | -7.76M | -7.38M | -6.98M | -8.67M | -8.02M | -10.75M | -18.82M | -8.46M | -14.16M | -16.62M | -4.24M | -5.22M | -17.64M |
| Net Margin % | 4.24% | -34.87% | -4.11% | -26.46% | -28.1% | -35.38% | -117.96% | -27.22% | -24.91% | -17% | -23.97% | -24.38% | -30.51% | -39.74% | -13.3% | -25.38% | -33.13% | -6.62% | -7.57% | -32.89% |
| Net Income Growth % | 123.51% | -74.82% | 92.46% | -22.69% | -16.62% | -33.67% | -223.51% | 3.33% | 31.34% | 62.9% | -2.57% | 43.33% | 35.33% | -343.77% | -61.91% | 19.75% | -12.44% | -209.7% | -2511% | -6733.08% |
| Net Income (Continuing) | 2.02M | -16.31M | -2.11M | -9.52M | -8.6M | -9.33M | -28.05M | -7.76M | -7.38M | -6.98M | -8.67M | -8.02M | -10.75M | -18.82M | -8.46M | -14.16M | -16.62M | -4.24M | -5.22M | -17.64M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.03 | -0.22 | -0.03 | -0.13 | -0.12 | -0.13 | -0.39 | -0.11 | -0.10 | -0.10 | -0.12 | -0.12 | -0.16 | -0.21 | -0.11 | -0.18 | -0.22 | -0.06 | -0.08 | -0.28 |
| EPS Growth % | 125% | -69.23% | 92.31% | -18.18% | -20% | -30% | -225% | 8.33% | 37.5% | 52.38% | -9.09% | 33.33% | 27.27% | -230.71% | -36.31% | 35.71% | 4.35% | -205.83% | - | - |
| EPS (Basic) | 0.03 | -0.22 | -0.03 | -0.13 | -0.12 | -0.13 | -0.39 | -0.11 | -0.10 | -0.10 | -0.12 | -0.12 | -0.16 | -0.21 | -0.11 | -0.18 | -0.23 | -0.06 | -0.08 | -0.28 |
| Diluted Shares Outstanding | 77.61M | 73.05M | 72.82M | 73.16M | 72.72M | 72.44M | 72.31M | 72.02M | 70.63M | 69.83M | 69.57M | 69.42M | 68.18M | 67.31M | 67.49M | 67.88M | 67.56M | 66.75M | 66.75M | 66.62M |
| Basic Shares Outstanding | 73.82M | 73.05M | 72.82M | 73.16M | 72.72M | 72.44M | 72.31M | 72.02M | 70.63M | 69.83M | 69.57M | 69.42M | 68.18M | 67.31M | 66.73M | 67.42M | 66.46M | 66.75M | 66.75M | 66.62M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |