TELOS CORPORATION
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $164.8M | $108.3M | $145.4M | $216.9M | $242.4M | $179.9M | $159.2M |
| Cost of Revenue | — | $103.8M | $73.8M | $92.4M | $137.8M | $156.4M | $117.5M | $106.9M |
| Gross Profit | — | $61.0M | $34.4M | $52.9M | $79.0M | $86.0M | $62.4M | $52.3M |
| Gross Margin | — | 37.0% | 31.8% | 36.4% | 36.4% | 35.5% | 34.7% | 32.9% |
| Operating Expenses | ||||||||
| Research & Development | — | $7.1M | $8.4M | $11.8M | $16.9M | $19.1M | $14.2M | $10.6M |
| SG&A Expense | — | $78.9M | $75.5M | $81.0M | $132.9M | $127.5M | $62.1M | $47.3M |
| Operating Income | — | $-39.9M | $-55.9M | $-40.3M | $-53.9M | $-41.5M | $297.0K | $5.0M |
| Operating Margin | — | -24.2% | -51.6% | -27.7% | -24.8% | -17.1% | 0.2% | 3.2% |
| Interest Expense | — | — | — | $786.0K | $874.0K | $777.0K | $7.3M | $7.5M |
| Pretax Income | — | $-37.2M | $-52.5M | $-34.4M | $-53.4M | $-43.2M | $6.8M | $-2.2M |
| Income Tax Expense | — | $-663.0K | $26.0K | $36.0K | $54.0K | $-28.0K | $-46.0K | $-104.0K |
| Net Income | — | $-36.5M | $-52.5M | $-34.4M | $-53.4M | $-43.1M | $1.7M | $-6.4M |
| Net Margin | — | -22.2% | -48.5% | -23.7% | -24.6% | -17.8% | 0.9% | -4.0% |
| EPS (Basic) | — | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 | $0.04 | $-0.17 |
| EPS (Diluted) | — | $-0.50 | $-0.73 | $-0.50 | $-0.79 | $-0.65 | $0.04 | $-0.17 |
| Shares Outstanding (Basic) | 74.2M | 72.9M | 71.9M | 69.3M | 67.6M | 66.4M | 41.6M | 37.7M |
| Shares Outstanding (Diluted) | 74.2M | 72.9M | 71.9M | 69.3M | 67.6M | 66.4M | 42.9M | 37.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |