Telos Corporation (TLS)

Telos Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	59.05	54.58	99.26	119.31	126.56	106.05
Cash & Short-Term Investments	59.05	54.58	99.26	119.31	126.56	106.05
Cash Growth	-15.35%	-45.02%	-16.80%	-5.73%	19.35%	1470.80%
Receivables	20.42	19.17	30.42	40.07	59.84	30.91
Inventory	3.38	1.78	1.42	2.88	1.25	3.31
Prepaid Expenses	12.83	15.09	7.52	4.82	3.33	3.06
Other Current Assets	7.16	0.79	1.37	0.89	0.73	0.79
Total Current Assets	102.83	91.42	139.99	167.96	191.71	144.11
Property, Plant & Equipment	8.43	10.3	10.29	12.96	15.99	16.44
Long-Term Investments	3	3	-	-	-	-
Goodwill	17.92	17.92	17.92	17.92	17.92	14.92
Other Intangible Assets	31.25	30.41	39.62	30.3	19.2	7.42
Other Long-Term Assets	0.85	5.19	0.89	8.26	1.25	0.93
Total Assets	164.28	158.24	208.7	237.4	246.08	183.82
Accounts Payable	2.78	1.15	8.31	12.61	7.87	14.66
Accrued Expenses	18.54	11.58	21.44	19.86	32.84	14.71
Current Portion of Leases	2.22	2.09	1.83	1.95	2.03	2.02
Current Unearned Revenue	13.73	6.84	6.73	6.44	6.38	5.65
Other Current Liabilities	-	0.47	0.9	4.64	1.83	1.9
Total Current Liabilities	37.27	22.14	39.2	45.5	50.94	38.95
Long-Term Leases	6.38	8.06	9.64	11.28	13.23	15.24
Long-Term Deferred Tax Liabilities	0.85	0.81	0.81	0.76	0.72	0.65
Other Long-Term Liabilities	0.1	0.09	0.04	7.51	0.94	1.87
Total Liabilities	44.61	31.1	49.7	65.04	65.83	56.71
Common Stock	0.11	0.11	0.11	0.11	0.11	0.1
Additional Paid-In Capital	467.19	454.5	433.78	412.71	367.15	270.8
Retained Earnings	-347.58	-327.35	-274.83	-240.41	-186.98	-143.84
Comprehensive Income & Other	-0.05	-0.13	-0.06	-0.06	-0.03	0.04
Total Common Equity	119.68	127.14	159	172.35	180.25	127.1
Shareholders' Equity	119.68	127.14	159	172.35	180.25	127.1
Total Liabilities & Equity	164.28	158.24	208.7	237.4	246.08	183.82
Total Debt	8.6	10.15	11.47	13.23	15.25	17.26
Net Cash (Debt)	50.45	44.43	87.79	106.08	111.31	88.79
Net Cash Growth	-14.66%	-49.39%	-17.24%	-4.70%	25.37%	-
Net Cash Per Share	0.69	0.62	1.27	1.57	1.68	2.07
Filing Date Shares Outstanding	73.75	72.55	70.32	68.56	67.87	64.63
Total Common Shares Outstanding	72.22	72.51	70.24	67.43	66.77	64.63
Working Capital	65.56	69.28	100.79	122.46	140.77	105.17
Book Value Per Share	1.66	1.75	2.26	2.56	2.70	1.97
Tangible Book Value	70.51	78.81	101.47	124.14	143.13	104.77
Tangible Book Value Per Share	0.98	1.09	1.44	1.84	2.14	1.62
Machinery	17.51	17.24	16.21	16.03	15.42	13.57
Leasehold Improvements	3.42	3.4	3.21	3.15	2.99	2.67
Order Backlog	-	76.49	118.1	212.04	246.41	-

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q