A Business at a Glance
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TELOS CORP
TLS
$330M
Mkt Cap
$4.51
+0.00%
TELOS CORP (TLS) has a 5-year average return on invested capital (ROIC) of -28.3%. This is below average and may indicate limited pricing power.
TELOS CORP (TLS) has a market capitalization of $330M. It is classified as a small-cap stock.
TELOS CORP (TLS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.13%.
TELOS CORP (TLS) operates in the Services-Computer Integrated Systems Design industry, within the Technology sector.
TELOS CORP (TLS) reported annual revenue of $165 million in its most recent fiscal year, based on SEC EDGAR filings.
TELOS CORP (TLS) has a net profit margin of -22.2%. The company is currently unprofitable.
TELOS CORP (TLS) generated $29 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Business Overview Telos Corporation is a Maryland corporation headquartered in Ashburn, Virginia. Telos Corporation, together with its subsidiaries (the "Company" or "Telos" or "We"), offers technologically advanced, software-based security solutions that empower and protect the world's most security-conscious organizations against rapidly evolving, sophisticated and pervasive threats. Our portfolio of security products, services and expertise endows our customers with capabilities to reach new markets, serve their stakeholders more effectively, and successfully defend the nation or their enterprise with confidence in their security and privacy. Our mission is to protect people, organizations, and information through trusted solutions that proactively manage risk, compliance, and persistent digital identity.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 165M | 165M | 108M | 145M | 217M | 242M |
| Net Income | -37M | -37M | -53M | -34M | -53M | -43M |
| EPS | $-0.50 | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 |
| Free Cash Flow | 29M | 29M | -28M | 661K | 15M | 4.1M |
| ROIC | -62.0% | -30.9% | -34.6% | -19.6% | -29.4% | -26.9% |
| Gross Margin | 37.0% | 37.0% | 31.8% | 36.4% | 36.4% | 35.5% |
| Debt/Equity | 0.08 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -40M | -40M | -56M | -40M | -54M | -41M |
| Operating Margin | -24.2% | -24.2% | -51.6% | -27.7% | -24.8% | -17.1% |
| ROE | -38.1% | -32.8% | -36.7% | -20.8% | -30.3% | -28.1% |
| Shares Outstanding | 73M | 73M | 72M | 69M | 68M | 66M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 128M | 121M | 113M | 82M | 138M | 159M | 180M | 242M | 217M | 145M | 108M | 165M | 165M |
| Gross Margin | 24.9% | 30.7% | 19.0% | 17.7% | 38.4% | 32.9% | 34.7% | 35.5% | 36.4% | 36.4% | 31.8% | 37.0% | 37.0% |
| R&D | 2.2M | 2.1M | 3.2M | 3.5M | 8.8M | 11M | 14M | 19M | 17M | 12M | 8.4M | 7.1M | 7.1M |
| SG&A | 37M | 34M | 41M | 40M | 44M | 47M | 62M | 127M | 133M | 81M | 75M | 79M | 79M |
| EBIT | -12M | -3.6M | 2.1M | 414K | 9.0M | 5.0M | 297K | -41M | -54M | -40M | -56M | -40M | -40M |
| Op. Margin | -9.1% | -3.0% | 1.9% | 0.5% | 6.5% | 3.2% | 0.2% | -17.1% | -24.8% | -27.7% | -51.6% | -24.2% | -24.2% |
| Net Income | -12M | -16M | -7.2M | -5.8M | -1.6M | -6.4M | 1.7M | -43M | -53M | -34M | -53M | -37M | -37M |
| Net Margin | -9.6% | -13.2% | -6.4% | -7.1% | -1.2% | -4.0% | 0.9% | -17.8% | -24.6% | -23.7% | -48.5% | -22.2% | -22.2% |
| Non-Recurring | 1.3M | 81K | 215K | 69K | 27K | -15K | 99K | -6K | -4K | -2K | 1.3M | 16M | 16M |
| Returns on Capital | |||||||||||||
| ROIC | -15.8% | -5.4% | 3.6% | 0.6% | 11.9% | 6.6% | 0.8% | -26.9% | -29.4% | -19.6% | -34.6% | -30.9% | -62.0% |
| ROE | 11.8% | 13.6% | 5.6% | 4.3% | 1.2% | 4.6% | -24.0% | -28.1% | -30.3% | -20.8% | -36.7% | -32.8% | -38.1% |
| ROA | -15.1% | -23.8% | -12.3% | -8.9% | -2.2% | -8.4% | 1.3% | -20.1% | -22.1% | -15.4% | -28.6% | -24.5% | -26.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 6.2M | 2.7M | 14M | -591K | 6.3M | 12M | -2.1M | 7.3M | 17M | 1.6M | -26M | 30M | 30M |
| Free Cash Flow | 5.5M | 2.3M | 13M | -1.3M | 3.8M | 7.7M | -2.9M | 4.1M | 15M | 661K | -28M | 29M | 29M |
| Owner Earnings | 1.9M | -1.6M | 11M | -2.6M | 3.2M | 6.8M | -7.5M | -59M | -54M | -32M | -59M | -11M | -11M |
| CapEx | 665K | 394K | 624K | 748K | 2.5M | 4.1M | 780K | 3.2M | 1.0M | 926K | 2.3M | 739K | 739K |
| Maint. CapEx | 4.3M | 4.3M | 2.9M | 2.0M | 3.0M | 5.0M | 5.4M | 5.6M | 5.9M | 8.9M | 12M | 11M | 11M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 4.3M | 4.3M | 2.9M | 2.0M | 3.0M | 5.0M | 5.4M | 5.6M | 5.9M | 8.9M | 12M | 11M | 11M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 44.1% | 6.1% | 58.3% | N/A | N/A | 2.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3M | 11M | 139K | 0 | 14M | 14M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1% | 3.4% | 0.1% | N/A | 0.0% | 4.1% |
| Stock-Based Comp | 12K | 0 | 0 | 50K | 0 | 0 | 4K | 60M | 65M | 24M | 21M | 30M | 30M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95K | 114K | 0 | 14K | 14K |
| Balance Sheet | |||||||||||||
| Net Debt | 22M | 17M | 2.4M | 21M | 22M | 29M | -89M | -111M | -106M | -88M | -44M | -45M | -45M |
| Cash & Equiv. | 32K | 58K | 659K | 600K | 72K | 6.8M | 106M | 127M | 119M | 99M | 55M | 53M | 53M |
| Long-Term Debt | 11M | 8.5M | 0 | 11M | 11M | 16M | 14M | 13M | 11M | 9.5M | 7.6M | 5.6M | 5.6M |
| Debt/Equity | -0.20 | -0.14 | -0.02 | -0.16 | -0.16 | -0.25 | 0.14 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | 0.08 |
| Interest Coverage | -2.2 | -0.6 | 0.4 | 0.1 | 1.2 | 0.7 | 0.0 | -53.4 | -61.6 | -51.3 | -106.0 | -91.3 | -91.3 |
| Equity | -109M | -125M | -132M | -137M | -135M | -141M | 127M | 180M | 172M | 159M | 127M | 96M | 96M |
| Total Assets | 74M | 60M | 57M | 74M | 74M | 78M | 184M | 246M | 237M | 209M | 158M | 140M | 140M |
| Total Liabilities | 182M | 184M | 187M | 210M | 207M | 214M | 57M | 66M | 65M | 50M | 31M | 44M | 44M |
| Intangibles | 3.4M | 1.1M | 0 | N/A | N/A | N/A | 7.4M | 19M | 37M | 40M | 30M | 30M | 30M |
| Retained Earnings | -112M | -128M | -136M | -141M | -139M | -146M | -144M | -187M | -240M | -275M | -327M | -364M | -364M |
| Working Capital | 3.2M | 1.1M | -8.6M | -4.1M | 2.1M | 2.9M | 105M | 141M | 122M | 101M | 69M | 58M | 58M |
| Current Assets | 33M | 26M | 25M | 42M | 41M | 40M | 144M | 192M | 168M | 140M | 91M | 94M | 94M |
| Current Liabilities | 30M | 25M | 34M | 46M | 39M | 37M | 39M | 51M | 46M | 39M | 22M | 37M | 37M |
| Per Share Data | |||||||||||||
| EPS | N/A | N/A | N/A | N/A | -0.04 | -0.17 | 0.04 | -0.65 | -0.79 | -0.50 | -0.73 | -0.50 | -0.50 |
| Owner EPS | N/A | N/A | N/A | N/A | 0.08 | 0.18 | -0.18 | -0.88 | -0.80 | -0.46 | -0.82 | -0.16 | -0.16 |
| Book Value | N/A | N/A | N/A | N/A | -3.29 | -3.75 | 3.01 | 2.72 | 2.55 | 2.31 | 1.77 | 1.31 | 1.31 |
| Cash Flow/Share | N/A | N/A | N/A | N/A | 0.15 | 0.31 | -0.05 | 0.11 | 0.24 | 0.02 | -0.36 | 0.41 | -0.34 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | N/A | N/A | N/A | N/A | 41.0M | 37.7M | 42.2M | 66.4M | 67.6M | 68.8M | 71.9M | 73.1M | 73.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 738.3 | N/A | N/A | N/A | N/A | N/A | -9.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 260.3 | 21.2 | 396.8 | N/A | N/A | 11.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | 9.8 | 5.9 | 1.9 | 1.6 | 1.9 | N/A | 3.4 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | 5.4 | 8.3 | 2.8 | 1.4 | 2.5 | N/A | 2.0 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | -0.2% | 0.4% | 4.7% | 0.3% | -11.5% | N/A | 8.9% |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | 1.2B | 1.1B | 328M | 262M | 245M | 0 | 330M |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | 22.90 | 30.20 | 9.05 | 3.04 | 3.73 | 0.00 | 4.51 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | 29.53 | 15.93 | 4.85 | 3.81 | 3.40 | 0.00 | 4.51 |
TELOS CORP passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 36.5x vs a median of 21.2x. The company's 5-year average gross margin is 35.4%. Total shareholder yield (buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is -19.8%.
TELOS CORP (TLS) has a debt-to-equity ratio of 0.08. This indicates a conservatively financed balance sheet.
TELOS CORP (TLS) reported earnings per share (EPS) of $-0.50 in its most recent fiscal year.
TELOS CORP (TLS) has a return on equity (ROE) of -32.8%. A negative ROE may indicate losses or negative equity.
TELOS CORP (TLS) has a 5-year average gross margin of 35.4%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for TELOS CORP (TLS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TELOS CORP (TLS) has a book value per share of $1.31, based on its most recent annual SEC filing.