Telos Corporation (TLS)

Telos Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	50.65	53.18	54.58	99.26	119.31	126.56
Cash & Short-Term Investments	50.65	53.18	54.58	99.26	119.31	126.56
Cash Growth	-11.14%	-2.56%	-45.02%	-16.80%	-5.73%	19.35%
Receivables	18	17	19.17	30.42	40.07	59.84
Inventory	4.92	-	-	1.42	2.88	1.25
Prepaid Expenses	7.56	10.57	15.09	7.52	4.82	3.33
Other Current Assets	15.7	13.67	2.58	1.37	0.89	0.73
Total Current Assets	96.83	94.41	91.42	139.99	167.96	191.71
Property, Plant & Equipment	6.35	7.65	10.3	10.29	12.96	15.99
Long-Term Investments	3.75	3.75	3	-	-	-
Goodwill	3.01	3.01	17.92	17.92	17.92	17.92
Other Intangible Assets	29.21	30.28	30.41	39.62	37.42	19.2
Other Long-Term Assets	0.61	0.76	5.19	0.89	1.14	1.25
Total Assets	139.75	139.86	158.24	208.7	237.4	246.08

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	6.39	4.09	1.15	8.31	12.61	7.87
Accrued Expenses	13.96	17.76	12.02	21.44	19.86	32.84
Current Portion of Leases	2.37	2.27	2.09	1.83	1.95	2.03
Current Unearned Revenue	17.22	11.22	6.84	6.73	6.44	6.38
Other Current Liabilities	0.7	1.45	0.04	0.9	4.64	1.83
Total Current Liabilities	40.64	36.78	22.14	39.2	45.5	50.94
Long-Term Leases	4.6	5.79	8.06	9.64	11.28	13.23
Long-Term Unearned Revenue	0.87	1.12	-	-	-	-
Long-Term Deferred Tax Liabilities	0.06	0.05	0.81	0.81	0.76	0.72
Other Long-Term Liabilities	0.17	0.16	0.09	0.04	7.51	0.94
Total Liabilities	46.34	43.91	31.1	49.7	65.04	65.83

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.11	0.11	0.11	0.11	0.11	0.11
Additional Paid-In Capital	454.61	459.83	454.5	433.78	412.71	367.15
Retained Earnings	-361.21	-363.89	-327.35	-274.83	-240.41	-186.98
Comprehensive Income & Other	-0.1	-0.1	-0.13	-0.06	-0.06	-0.03
Total Common Equity	93.41	95.95	127.14	159	172.35	180.25
Shareholders' Equity	93.41	95.95	127.14	159	172.35	180.25
Total Liabilities & Equity	139.75	139.86	158.24	208.7	237.4	246.08

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	6.97	8.06	10.15	11.47	13.23	15.25
Net Cash (Debt)	43.68	45.12	44.43	87.79	106.08	111.31
Net Cash Growth	-8.75%	1.55%	-49.39%	-17.24%	-4.70%	25.37%
Net Cash Per Share	0.59	0.62	0.62	1.27	1.57	1.68
Filing Date Shares Outstanding	74.74	74.22	72.55	70.32	68.56	67.87
Total Common Shares Outstanding	74.74	72.77	72.51	70.24	67.43	66.77
Working Capital	56.19	57.63	69.28	100.79	122.46	140.77
Book Value Per Share	1.25	1.32	1.75	2.26	2.56	2.70
Tangible Book Value	61.19	62.66	78.81	101.47	117.02	143.13
Tangible Book Value Per Share	0.82	0.86	1.09	1.44	1.74	2.14
Machinery	17.29	17.28	17.24	16.21	16.03	15.42
Leasehold Improvements	3.52	3.42	3.4	3.21	3.15	2.99
Order Backlog	-	126.07	76.49	118.1	212.04	246.41

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error