Telos Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-36.5M | $-52.5M | $-34.4M | $-53.4M | $-43.1M | $1.7M | $-6.4M | $-1.6M |
| Depreciation & Amortization | $11.5M | $11.9M | $8.9M | $5.9M | $5.6M | $5.4M | $5.0M | $3.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | $1.9M | $1.7M | $1.8M | — |
| Stock-Based Compensation | $30.2M | $21.4M | $24.4M | $64.7M | $60.2M | $4.0K | $0 | $0 |
| Net Cash from Operating Activities | $30.2M | $-25.9M | $1.6M | $16.5M | $7.3M | $-2.1M | $11.8M | $6.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $739.0K | $2.3M | $926.0K | $1.0M | $3.2M | $780.0K | $4.1M | $2.5M |
| Business Acquisitions | — | — | — | $0 | $5.9M | $0 | $0 | — |
| Net Cash from Investing Activities | $-8.9M | $-16.8M | $-15.5M | $-13.7M | $-19.1M | $-7.5M | $-6.5M | $-4.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $13.6M | $0 | $139.0K | $11.1M | $1.3M | $0 | $0 | — |
| Net Cash from Financing Activities | $-22.7M | $-2.0M | $-6.2M | $-9.9M | $32.3M | $108.9M | $1.4M | $-2.7M |
| Net Change in Cash | $-1.4M | $-44.7M | $-20.0M | $-7.1M | $20.5M | $99.3M | $6.7M | $-528.0K |
| Free Cash Flow | $29.4M | $-28.2M | $661.0K | $15.5M | $4.1M | $-2.9M | $7.7M | $3.8M |