Telos Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $164.8M | $108.3M | $145.4M | $216.9M | $242.4M | $179.9M | $159.2M | $138.0M |
| Cost of Revenue | $103.8M | $73.8M | $92.4M | $137.8M | $156.4M | $117.5M | $106.9M | $85.0M |
| Gross Profit | $61.0M | $34.4M | $52.9M | $79.0M | $86.0M | $62.4M | $52.3M | $53.1M |
| Gross Margin | 37.0% | 31.8% | 36.4% | 36.4% | 35.5% | 34.7% | 32.9% | 38.4% |
| Operating Expenses | ||||||||
| Research & Development | $7.1M | $8.4M | $11.8M | $16.9M | $19.1M | $14.2M | $10.6M | $8.8M |
| SG&A Expense | $78.9M | $75.5M | $81.0M | $132.9M | $127.5M | $62.1M | $47.3M | $44.0M |
| Operating Income | $-39.9M | $-55.9M | $-40.3M | $-53.9M | $-41.5M | $297.0K | $5.0M | $9.0M |
| Operating Margin | -24.2% | -51.6% | -27.7% | -24.8% | -17.1% | 0.2% | 3.2% | 6.5% |
| Interest Expense | — | — | $786.0K | $874.0K | $777.0K | $7.3M | $7.5M | $7.3M |
| Pretax Income | $-37.2M | $-52.5M | $-34.4M | $-53.4M | $-43.2M | $6.8M | $-2.2M | $1.8M |
| Income Tax Expense | $-663.0K | $26.0K | $36.0K | $54.0K | $-28.0K | $-46.0K | $-104.0K | $31.0K |
| Net Income | $-36.5M | $-52.5M | $-34.4M | $-53.4M | $-43.1M | $1.7M | $-6.4M | $-1.6M |
| Net Margin | -22.2% | -48.5% | -23.7% | -24.6% | -17.8% | 0.9% | -4.0% | -1.2% |
| EPS (Basic) | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 | $0.04 | $-0.17 | $-0.04 |
| EPS (Diluted) | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 | $0.04 | $-0.17 | $-0.04 |
| Shares Outstanding (Basic) | 72.9M | 71.9M | 69.3M | 67.6M | 66.4M | 41.6M | 37.7M | 36.8M |
| Shares Outstanding (Diluted) | 72.9M | 71.9M | 69.3M | 67.6M | 66.4M | 42.9M | 37.7M | 36.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |