Short answer
TELOS CORP (TLS) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $48M (up 55.9% year over year) with net income of $2M.
Q1 2026 key financials · XBRL
- Revenue
- $48M
- +55.9% YoY
- Net income
- $2M
- +123.5% YoY
- Operating margin
- 3.0%
- Gross margin
- 36.4%
- EPS (diluted)
- $0.03
- +125.0% YoY
Source: XBRL data from the TELOS CORP (TLS) Q1 2026 10-Q on SEC EDGAR. USD.
TELOS CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $47.7M, up 55.9% YoY from $30.6M
- Operating margin 3.0% vs -29.5% YoY, with net income $2.0M vs $8.6M loss
- Security Solutions best performer: revenue $46.0M, up 78.1%; gross margin 36.7% vs 42.8%
- Secure Networks weakest performer: revenue $1.8M, down 63.1%; gross profit $0.5M vs $1.1M
- Operating cash flow $8.7M vs $6.1M; $2.2M share repurchases, while cash ended at $50.2M
- Federal budget uncertainty lengthening sales cycles; management cited geopolitical volatility and Middle East conflict risks
Risk Factors
- No risk-factor section provided; supplied text covers Items 2–6 only
- March repurchases: 517,136 shares at $4.25 average price
- Repurchase authorization increased by $25 million on March 12, 2026
- Remaining repurchase capacity $47,890,350 as of March 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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