TLS · Telos Corporation

Summary

Telos Corporation reported Q1 2026 revenue of $47.7 million, up 56% year-over-year, with GAAP net income of $2.0 million and reaffirmed full-year guidance.

Key takeaways

• Revenue grew 56% YoY to $47.7M, driven by 78% growth in Security Solutions and Telos ID expansion.
• GAAP Gross Margin 36.4%; Cash Gross Margin 42.3%, both exceeding guidance.
• GAAP Operating Expenses down 25% YoY; Adjusted EBITDA $7.9M (16.5% margin), up from 1.2%.
• GAAP Net Income $2.0M ($0.03 diluted EPS) vs prior year loss.
• Cash Flow from Operations $8.7M (18.1% of revenue); Free Cash Flow $6.4M.
• Repurchased 0.5M shares for $2.2M; reaffirms FY revenue $187M-$200M and Adjusted EBITDA $20.6M-$28.0M.