Telos Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	164.81	108.27	145.38	216.89	242.43
Revenue Growth (YoY)	52.21%	-25.52%	-32.97%	-10.54%	34.75%
Cost of Revenue	103.79	73.84	92.44	137.84	156.4
Gross Profit	61.02	34.43	52.94	79.04	86.03
Selling, General & Admin	78.93	75.49	81.01	115.98	108.4
Depreciation & Amortization Expenses	8.18	6.4	3.54	0.79	-
Research & Development	7.06	8.44	11.76	16.92	19.1
Other Operating Expenses	14.92	11.71	0.49	-	-
Total Operating Expenses	109.08	102.04	96.8	133.69	127.49
Operating Income	-39.88	-55.87	-40.32	-53.85	-41.46
Interest Expense	-0.55	-0.64	-0.79	-0.87	-0.78
Other Non-Operating Income (Expense)	3.23	4.02	6.72	1.35	-0.92
Total Non-Operating Income (Expense)	2.67	3.38	5.93	0.48	-1.7
Pretax Income	-37.21	-52.49	-34.39	-53.37	-43.16
Provision for Income Taxes	-0.66	0.03	0.04	0.05	-0.03
Net Income	-36.55	-52.52	-34.42	-53.43	-43.13
Net Income to Common	-36.55	-52.52	-34.42	-53.43	-43.13
Shares Outstanding (Basic)	73	72	69	68	66
Shares Outstanding (Diluted)	73	72	69	68	66
Shares Change (YoY)	1.43%	3.75%	2.51%	1.79%	54.80%
EPS (Basic)	-0.50	-0.73	-0.50	-0.79	-0.65
EPS (Diluted)	-0.50	-0.73	-0.50	-0.79	-0.65
Shares Outstanding	72.77	72.51	70.24	67.43	66.77
Free Cash Flow	29.44	-28.19	0.66	15.5	4.06
Free Cash Flow Growth	-	-	-95.73%	281.65%	-
Free Cash Flow Per Share	0.40	-0.39	0.01	0.23	0.06
Gross Margin	37.02%	31.80%	36.42%	36.44%	35.49%
Operating Margin	-24.20%	-51.60%	-27.73%	-24.83%	-17.10%
Profit Margin	-22.18%	-48.51%	-23.68%	-24.63%	-17.79%
FCF Margin	17.87%	-26.04%	0.45%	7.15%	1.68%
EBITDA	-28.43	-44.01	-31.37	-47.96	-35.84
EBITDA Margin	-17.25%	-40.64%	-21.58%	-22.11%	-14.78%
EBIT	-39.88	-55.87	-40.32	-53.85	-41.46
EBIT Margin	-24.20%	-51.60%	-27.73%	-24.83%	-17.10%
Effective Tax Rate	1.78%	-0.05%	-0.10%	-0.10%	0.06%

Updated Mar 16, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q