# TELOS CORPORATION (TLS) · Edgar & Edgarette company card

> Telos (TLS) grew revenue 52.2% in FY2025 to $165 million, operating margin -24.2% against a 6.6% median for computer integrated systems design, equity 68.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 320121 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/TLS) · [JSON](https://www.pops4.com/boards/company/TLS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $165M |
| Revenue growth, 1 year | 52.2% |
| Revenue growth per year | -9.2% |
| Operating margin | -24.2% (prior year -51.6%) |
| Net margin | -22.2% |
| Operating cash flow | $30M |
| Capital spending | $739,000 |
| Free cash flow | $29M |
| Cash | $53M |
| Long-term debt | — |
| Total assets | $140M |
| Total equity | $96M |
| Equity ÷ assets | 68.6% |
| Return on equity | -38.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -5.4 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -5.04 (below the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -24.2% in FY2025; revenue is hard to predict: its 80% range is ±41%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $164.8M (FY2025). Experience: revenue up 52.2% on the year, down 9.2% a year over 4 years; operating margin -24.2%, up from -51.6%. Soundness: equity 68.6% of assets, return on equity -38.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $127.5M and $306.6M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $102.2M to $386.2M. A statistical range, not company guidance. Against peers (23 filers, $50M+ revenue, services-computer integrated systems design): operating margin -24.2% against a 6.6% median; growth 52.2% against 6.0%.

Range logged 2026-11-01, receipt b955af09d00f21c7, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-11-02 ([filing](https://www.sec.gov/Archives/edgar/data/320121/000114036126041594/0001140361-26-041594-index.htm))

## Recent filings

- 8-K · filed 2026-11-02 · 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/320121/000114036126041594/0001140361-26-041594-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/320121/000032012126000037/0000320121-26-000037-index.htm)
- 8-K · filed 2026-08-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/320121/000032012126000034/0000320121-26-000034-index.htm)
- 8-K · filed 2026-05-28 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/320121/000032012126000027/0000320121-26-000027-index.htm)
- 10-Q · filed 2026-05-11 · [filing](https://www.sec.gov/Archives/edgar/data/320121/000032012126000024/0000320121-26-000024-index.htm)
- 8-K · filed 2026-05-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/320121/000032012126000021/0000320121-26-000021-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000320121.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=320121

## Cite

POPS4, Edgar & Edgarette: TELOS CORPORATION (TLS) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/TLS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.