Short answer
TELOS CORP (TLS) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $51M (up 116.3% year over year) with net income of −$2M.
Q3 2025 key financials · XBRL
- Revenue
- $51M
- +116.3% YoY · +43.0% QoQ
- Net income
- −$2M
- +92.5% YoY · +77.8% QoQ
- Operating margin
- -4.8%
- Gross margin
- 39.9%
- EPS (diluted)
- −$0.03
- +92.3% YoY · +76.9% QoQ
Source: XBRL data from the TELOS CORP (TLS) Q3 2025 10-Q on SEC EDGAR. USD.
TELOS CORP Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $51.4M, up 116.3% YoY from $23.8M
- Gross margin 39.9% vs 13.2% YoY; operating margin -4.8% vs -121.3% YoY
- Best segment Security Solutions revenue $46.5M, up 153.5%; gross margin 41.5% vs 12.6%
- Worst segment Secure Networks revenue $5.0M, down 8.9%; gross margin 25.4% vs 15.3%
- Nine-month operating cash flow $22.2M vs $(15.4)M; cash $59.1M and $7.6M share repurchases
- Government shutdown, delayed awards, procurement slowdowns, pricing pressure, and incumbent extensions as near-term headwinds
Risk Factors
- New tariff risk triggered by January 2025 Administration actions
- Procurement costs for imported IT hardware potentially higher
- Contract margins exposed to evolving tariffs and reciprocal tariffs
- International trade-policy changes potentially affecting financial condition
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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