Telos Corporation (TLS) 10-Year Financial Performance & Capital Metrics

TLS • • Industrial / General

TechnologyIT ServicesCybersecurity & Defense SolutionsGovernment Cybersecurity

AboutTelos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications. The company also offers Telos Automated Message Handling System, a web-based organizational message distribution and management platform for mission-critical communications used by military field operatives; and Telos ID that provides identity trust and digital services through IDTrust360, an enterprise-class digital identity risk platform for extending cloud identity services for mobile and enterprise and custom digital identity services that reduces threats through the integration of advanced technologies that fuse biometrics, credentials, and other identity-centric data used for continuously monitor trust. In addition, it provides secure network services, including secure mobility solutions for business and government that enable remote work and minimize operational and security concern across and beyond the enterprises; and network management and defense services for operating, administrating, and defending complex enterprise networks and defensive cyber operations. It serves to the United States federal government, large commercial businesses, state and local governments, and international customers. The company was founded in 1968 and is headquartered in Ashburn, Virginia.Show more

Revenue $108M -25.5%
EBITDA -$44M -42.5%
Net Income -$53M -52.6%
EPS (Diluted) -0.73 -46.0%
Gross Margin 31.8% -12.7%
EBITDA Margin -40.64% -91.3%
Operating Margin -51.6% -86.1%
Net Margin -48.51% -104.9%
ROE -36.71% -76.7%
ROIC -54.45% -31.4%
Debt/Equity 0.08 +10.6%
Interest Coverage -86.76 -69.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 81 (top 19%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 7.4% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.63%

5Y-7.42%

3Y-23.56%

TTM17.44%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM41.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM41.43%

ROCE

10Y Avg-7.03%

5Y Avg-22.09%

3Y Avg-28.9%

Latest-36.57%

Peer Comparison

Government Cybersecurity

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CACICACI International Inc	13.35B	604.57	27.09	12.64%	5.69%	12.53%	3.61%	0.86
LDOSLeidos Holdings, Inc.	25.05B	195.96	21.25	7.93%	8.11%	28.36%	4.96%	1.19
BBAIBigBear.ai Holdings, Inc.	2.66B	6.09	-4.80	1.98%	-301.37%	-71.24%
CTMCastellum, Inc.	97.45M	1.03	-5.72	-1.06%	-7.55%	-10.4%	1.15%	0.57
TLSTelos Corporation	429.25M	5.82	-7.97	-25.52%	-20.47%	-24.7%		0.08
WYYWidePoint Corporation	68.15M	6.89	-32.81	34.47%	-1.55%	-18.57%	2.29%	0.36

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	120.63M	134.87M	107.73M	138.02M	159.22M	179.92M	242.43M	216.89M	145.38M	108.27M
Revenue Growth %	-0.05%	0.12%	-0.2%	0.28%	0.15%	0.13%	0.35%	-0.11%	-0.33%	-0.26%
Cost of Goods Sold+	89.96M	91.42M	67.16M	84.95M	106.87M	117.5M	156.4M	137.84M	92.44M	73.84M
COGS % of Revenue	0.75%	0.68%	0.62%	0.62%	0.67%	0.65%	0.65%	0.64%	0.64%	0.68%
Gross Profit+	30.67M	43.45M	40.57M	53.06M	52.34M	62.42M	86.03M	79.04M	52.94M	34.43M
Gross Margin %	0.25%	0.32%	0.38%	0.38%	0.33%	0.35%	0.35%	0.36%	0.36%	0.32%
Gross Profit Growth %	0.23%	0.42%	-0.07%	0.31%	-0.01%	0.19%	0.38%	-0.08%	-0.33%	-0.35%
Operating Expenses+	34.29M	41.33M	40.15M	44.05M	47.32M	62.12M	127.49M	132.89M	93.26M	90.3M
OpEx % of Revenue	0.28%	0.31%	0.37%	0.32%	0.3%	0.35%	0.53%	0.61%	0.64%	0.83%
Selling, General & Admin	34.29M	41.33M	40.15M	35.29M	36.67M	47.88M	108.4M	115.97M	81.01M	75.49M
SG&A % of Revenue	0.28%	0.31%	0.37%	0.26%	0.23%	0.27%	0.45%	0.53%	0.56%	0.7%
Research & Development	2.1M	2.6M	3.2M	3.5M	10.65M	14.24M	19.1M	16.92M	12.25M	8.44M
R&D % of Revenue	0.02%	0.02%	0.03%	0.03%	0.07%	0.08%	0.08%	0.08%	0.08%	0.08%
Other Operating Expenses	19K	18K	11K	12K	0	0	0	0	0	6.37M
Operating Income+	-3.62M	2.11M	414K	9.01M	5.03M	297K	-41.46M	-53.85M	-40.31M	-55.87M
Operating Margin %	-0.03%	0.02%	0%	0.07%	0.03%	0%	-0.17%	-0.25%	-0.28%	-0.52%
Operating Income Growth %	0.69%	1.58%	-0.8%	20.77%	-0.44%	-0.94%	-140.61%	-0.3%	0.25%	-0.39%
EBITDA+	674K	5.01M	2.41M	12.04M	10M	5.65M	-35.84M	-47.96M	-30.89M	-44.01M
EBITDA Margin %	0.01%	0.04%	0.02%	0.09%	0.06%	0.03%	-0.15%	-0.22%	-0.21%	-0.41%
EBITDA Growth %	1.09%	6.43%	-0.52%	3.99%	-0.17%	-0.43%	-7.34%	-0.34%	0.36%	-0.42%
D&A (Non-Cash Add-back)	4.29M	2.9M	2M	3.03M	4.97M	5.35M	5.62M	5.89M	9.43M	11.87M
EBIT	-3.6M	2.11M	414K	9.01M	5.23M	14.05M	-42.38M	-52.5M	-33.6M	-51.85M
Net Interest Income+	-5.64M	-5.46M	-6.69M	-7.26M	-7.47M	-7.26M	-777K	-874K	-786K	-644K
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.64M	5.46M	6.69M	7.26M	7.47M	7.26M	777K	874K	786K	644K
Other Income/Expense	-5.62M	-5.45M	-6.68M	-7.25M	-7.27M	6.5M	-1.7M	476K	5.93M	3.38M
Pretax Income+	-9.24M	-3.33M	-6.26M	1.77M	-2.24M	6.79M	-43.16M	-53.37M	-34.39M	-52.49M
Pretax Margin %	-0.08%	-0.02%	-0.06%	0.01%	-0.01%	0.04%	-0.18%	-0.25%	-0.24%	-0.48%
Income Tax+	4.26M	334K	-2.77M	31K	-104K	-46K	-28K	54K	36K	26K
Effective Tax Rate %	1.73%	2.15%	0.93%	-0.93%	2.86%	0.25%	1%	1%	1%	1%
Net Income+	-15.94M	-7.17M	-5.83M	-1.64M	-6.4M	1.69M	-43.13M	-53.43M	-34.42M	-52.52M
Net Margin %	-0.13%	-0.05%	-0.05%	-0.01%	-0.04%	0.01%	-0.18%	-0.25%	-0.24%	-0.49%
Net Income Growth %	-0.3%	0.55%	0.19%	0.72%	-2.9%	1.26%	-26.57%	-0.24%	0.36%	-0.53%
Net Income (Continuing)	-13.5M	-3.67M	-3.5M	1.74M	-2.14M	6.84M	-43.13M	-53.43M	-34.42M	-52.52M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	635K	2.23M	913K	2.62M	4.51M	0	0	0	0	0
EPS (Diluted)+	-0.36	-0.16	-0.10	-0.03	-0.03	0.03	-0.65	-0.79	-0.50	-0.73
EPS Growth %	-0.29%	0.56%	0.38%	0.67%	0.01%	1.79%	-25.9%	-0.22%	0.37%	-0.46%
EPS (Basic)	-0.36	-0.16	-0.11	-0.03	-0.03	0.03	-0.65	-0.79	-0.50	-0.73
Diluted Shares Outstanding	44.28M	44.28M	57.21M	49.2M	64.7M	64.63M	66.37M	67.56M	69.26M	71.85M
Basic Shares Outstanding	44.28M	44.28M	55.36M	49.2M	64.7M	64.63M	66.37M	67.56M	69.26M	71.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.84M	25M	42.15M	41.23M	39.57M	144.11M	191.71M	167.96M	139.99M	91.42M
Cash & Short-Term Investments	58K	659K	600K	72K	6.75M	106.05M	126.56M	119.31M	99.26M	54.58M
Cash Only	58K	659K	600K	72K	6.75M	106.05M	126.56M	119.31M	99.26M	54.58M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	19.05M	19.09M	24.52M	34.54M	27.94M	30.91M	59.84M	40.07M	30.42M	19.17M
Days Sales Outstanding	57.62	51.66	83.08	91.35	64.06	62.71	90.1	67.43	76.39	64.63
Inventory	2.9M	3.55M	13.52M	4.39M	1.97M	3.31M	1.25M	2.88M	1.42M	1.78M
Days Inventory Outstanding	11.77	14.18	73.48	18.86	6.71	10.29	2.91	7.62	5.61	8.81
Other Current Assets	3.84M	1.71M	3.51M	2.23M	2.91M	781K	732K	893K	1.37M	793K
Total Non-Current Assets+	34.12M	31.79M	32.27M	33.26M	45.04M	44.38M	54.37M	69.43M	68.71M	66.82M
Property, Plant & Equipment	17.26M	16.12M	16.34M	17.43M	21.55M	23.86M	15.99M	12.96M	10.29M	10.3M
Fixed Asset Turnover	6.99x	8.37x	6.59x	7.92x	7.39x	7.54x	15.16x	16.74x	14.13x	10.52x
Goodwill	14.92M	14.92M	14.92M	14.92M	14.92M	14.92M	17.92M	17.92M	17.92M	17.92M
Intangible Assets	1.13M	0	0	0	0	0	19.2M	37.41M	39.62M	30.41M
Long-Term Investments	-3.2M	-3.39M	-741K	-818K	0	0	0	133K	136K	3M
Other Non-Current Assets	814K	761K	1.01M	915K	1.66M	931K	1.25M	246K	749K	5.19M
Total Assets+	59.96M	56.8M	74.42M	74.49M	84.61M	188.49M	246.08M	237.4M	208.7M	158.24M
Asset Turnover	2.01x	2.37x	1.45x	1.85x	1.88x	0.95x	0.99x	0.91x	0.70x	0.68x
Asset Growth %	-0.19%	-0.05%	0.31%	0%	0.14%	1.23%	0.31%	-0.04%	-0.12%	-0.24%
Total Current Liabilities+	24.77M	33.64M	46.23M	39.1M	37.3M	38.95M	50.94M	45.5M	39.2M	22.14M
Accounts Payable	9.28M	12.1M	15.39M	15.18M	13.55M	14.7M	7.87M	12.61M	8.31M	1.15M
Days Payables Outstanding	37.64	48.31	83.66	65.22	46.28	45.66	18.36	33.38	32.8	5.7
Short-Term Debt	1.4M	3.03M	0	0	1.93M	2.02M	0	1.25M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.04M	4.61M	12.29M	5.2M	3.29M	8.1M	7.99M	14.86M	7.77M	8.04M
Current Ratio	1.04x	0.74x	0.91x	1.05x	1.06x	3.70x	3.76x	3.69x	3.57x	4.13x
Quick Ratio	0.93x	0.64x	0.62x	0.94x	1.01x	3.62x	3.74x	3.63x	3.54x	4.05x
Cash Conversion Cycle	31.75	17.53	72.9	44.99	24.49	27.34	74.65	41.67	49.19	67.75
Total Non-Current Liabilities+	159.58M	153.13M	164.23M	167.49M	183.93M	22.44M	14.89M	19.54M	10.5M	8.96M
Long-Term Debt	135.59M	129.83M	144.64M	148.97M	158.47M	0	0	7.21M	0	0
Capital Lease Obligations	19.91M	18.99M	17.98M	16.86M	17.19M	15.24M	13.23M	11.28M	9.64M	8.06M
Deferred Tax Liabilities	3.2M	3.39M	741K	818K	7.54M	5.32M	723K	758K	813K	813K
Other Non-Current Liabilities	4.08M	4.31M	1.61M	1.66M	724K	1.87M	935K	297K	44K	91K
Total Liabilities	184.35M	186.78M	210.46M	206.59M	221.23M	61.38M	65.83M	65.04M	49.7M	31.1M
Total Debt+	31.78M	22.94M	32.07M	31.56M	177.6M	17.26M	15.25M	21.69M	11.47M	10.15M
Net Debt	31.72M	22.28M	31.47M	31.49M	170.85M	-88.79M	-111.31M	-97.62M	-87.79M	-44.43M
Debt / Equity	-	-	-	-	-	0.14x	0.08x	0.13x	0.07x	0.08x
Debt / EBITDA	47.15x	4.58x	13.29x	2.62x	17.77x	3.05x	-	-	-	-
Net Debt / EBITDA	47.06x	4.45x	13.04x	2.61x	17.09x	-15.71x	-	-	-	-
Interest Coverage	-0.64x	0.39x	0.06x	1.24x	0.67x	0.04x	-53.36x	-61.61x	-51.29x	-86.76x
Total Equity+	-124.38M	-129.98M	-136.04M	-132.1M	-136.62M	127.1M	180.25M	172.35M	159M	127.14M
Equity Growth %	-0.15%	-0.04%	-0.05%	0.03%	-0.03%	1.93%	0.42%	-0.04%	-0.08%	-0.2%
Book Value per Share	-2.81	-2.94	-2.38	-2.69	-2.11	1.97	2.72	2.55	2.30	1.77
Total Shareholders' Equity	-125.02M	-132.21M	-136.95M	-134.72M	-141.14M	127.1M	180.25M	172.35M	159M	127.14M
Common Stock	78K	78K	78K	78K	78K	103K	105K	106K	109K	111K
Retained Earnings	-128.36M	-135.54M	-141.37M	-139.13M	-145.53M	-143.84M	-186.98M	-240.41M	-274.83M	-327.35M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	37K	25K	32K	17K	6K	44K	-27K	-55K	-60K	-129K
Minority Interest	635K	2.23M	913K	2.62M	4.51M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.72M	13.86M	-591K	6.27M	11.82M	-2.1M	7.26M	16.51M	1.59M	-25.94M
Operating CF Margin %	0.02%	0.1%	-0.01%	0.05%	0.07%	-0.01%	0.03%	0.08%	0.01%	-0.24%
Operating CF Growth %	-0.56%	4.09%	-1.04%	11.61%	0.89%	-1.18%	4.45%	1.27%	-0.9%	-17.34%
Net Income	-13.5M	-3.67M	-3.5M	1.74M	-2.14M	6.84M	-43.13M	-53.43M	-34.42M	-52.52M
Depreciation & Amortization	4.29M	2.9M	2M	3.03M	4.97M	5.35M	5.62M	5.89M	9.43M	11.87M
Stock-Based Compensation	12K	3.32M	50K	50K	0	4K	60.23M	64.66M	24.4M	21.41M
Deferred Taxes	5.11M	192K	-2.71M	77K	-197K	31K	70K	35K	55K	0
Other Non-Cash Items	4.25M	798K	4.06M	3.9M	5.09M	-9.22M	42K	151K	-1.2M	11.86M
Working Capital Changes	2.56M	10.32M	-494K	-2.52M	4.09M	-5.12M	-15.57M	-800K	3.33M	-18.55M
Change in Receivables	3.36M	14K	-5.42M	-9.92M	6.19M	-2.56M	-28.94M	19.68M	9.49M	11.27M
Change in Inventory	352K	-866K	-10.04M	9.1M	2.05M	-1.35M	2.05M	-1.63M	1.46M	-471K
Change in Payables	-3.84M	3.72M	10.38M	-3.91M	-6.73M	3.41M	16.09M	-12.32M	-8.82M	-9.42M
Cash from Investing+	-394K	-624K	-2.23M	-4.11M	-6.53M	-7.46M	-19.09M	-13.72M	-15.48M	-16.76M
Capital Expenditures	-394K	-624K	-2.23M	-4.11M	-4.09M	-780K	-13.17M	-13.72M	-926K	-2.25M
CapEx % of Revenue	0%	0%	0.02%	0.03%	0.03%	0%	0.05%	0.06%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-1.48M	-1.65M	-2.44M	-6.68M	0	0	-14.55M	-11.51M
Cash from Financing+	-2.3M	-12.63M	2.76M	-2.68M	1.4M	108.86M	32.35M	-9.91M	-6.15M	-1.98M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-3.89M	-3.89M	-3.84M	-3.84M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.5M	1.98M	-5.76M	2.17M	-2.37M	-32.84M	-29.33M	2.69M	-4.42M	-457K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.33M	13.23M	-2.82M	2.15M	5.28M	-9.56M	-5.91M	2.79M	-13.89M	-28.19M
FCF Margin %	0.02%	0.1%	-0.03%	0.02%	0.03%	-0.05%	-0.02%	0.01%	-0.1%	-0.26%
FCF Growth %	-0.58%	4.68%	-1.21%	1.76%	1.45%	-2.81%	0.38%	1.47%	-5.98%	-1.03%
FCF per Share	0.05	0.30	-0.05	0.04	0.08	-0.15	-0.09	0.04	-0.20	-0.39
FCF Conversion (FCF/Net Income)	-0.17x	-1.93x	0.10x	-3.82x	-1.85x	-1.25x	-0.17x	-0.31x	-0.05x	0.49x
Interest Paid	1.52M	1.32M	2.4M	2.48M	3.3M	7.26M	758K	803K	693K	563K
Taxes Paid	65K	60K	26K	19K	40K	64K	60K	188K	147K	132K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	1.33%	-28.07%	-30.3%	-20.78%	-36.71%
Return on Invested Capital (ROIC)	-	-	-	-	11.01%	0.61%	-57.99%	-56.22%	-41.43%	-54.45%
Gross Margin	25.43%	32.21%	37.66%	38.45%	32.88%	34.69%	35.49%	36.44%	36.42%	31.8%
Net Margin	-13.21%	-5.32%	-5.41%	-1.19%	-4.02%	0.94%	-17.79%	-24.63%	-23.68%	-48.51%
Debt / Equity	-	-	-	-	-	0.14x	0.08x	0.13x	0.07x	0.08x
Interest Coverage	-0.64x	0.39x	0.06x	1.24x	0.67x	0.04x	-53.36x	-61.61x	-51.29x	-86.76x
FCF Conversion	-0.17x	-1.93x	0.10x	-3.82x	-1.85x	-1.25x	-0.17x	-0.31x	-0.05x	0.49x
Revenue Growth	-5.43%	11.8%	-20.12%	28.12%	15.36%	13%	34.75%	-10.54%	-32.97%	-25.52%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Service	120.99M	143.58M	161.18M	-	192.74M	135.18M	103.58M
Service Growth	-	18.67%	12.26%	-	-	-29.87%	-23.37%
Product	17.03M	15.64M	18.74M	-	24.14M	10.2M	4.69M
Product Growth	-	-8.16%	19.82%	-	-	-57.74%	-54.02%
Security Solutions	-	-	-	123.53M	-	-	-
Security Solutions Growth	-	-	-	-	-	-	-
Secure Networks	-	-	-	118.9M	-	-	-
Secure Networks Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Telos Corporation (TLS) reported $144.4M in revenue for fiscal year 2024. This represents a 24% decrease from $189.9M in 2011.

Telos Corporation (TLS) saw revenue decline by 25.5% over the past year.

Telos Corporation (TLS) reported a net loss of $29.6M for fiscal year 2024.

Dividend & Returns

Telos Corporation (TLS) has a return on equity (ROE) of -36.7%. Negative ROE indicates the company is unprofitable.

Telos Corporation (TLS) generated $4.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Telos Corporation (TLS) 10-Year Financial Performance & Capital Metrics

TLS • • Industrial / General

TechnologyIT ServicesCybersecurity & Defense SolutionsGovernment Cybersecurity

Revenue $108M -25.5%
EBITDA -$44M -42.5%
Net Income -$53M -52.6%
EPS (Diluted) -0.73 -46.0%
Gross Margin 31.8% -12.7%
EBITDA Margin -40.64% -91.3%
Operating Margin -51.6% -86.1%
Net Margin -48.51% -104.9%
ROE -36.71% -76.7%
ROIC -54.45% -31.4%
Debt/Equity 0.08 +10.6%
Interest Coverage -86.76 -69.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 81 (top 19%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 7.4% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.63%

5Y-7.42%

3Y-23.56%

TTM17.44%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM41.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM41.43%

ROCE

10Y Avg-7.03%

5Y Avg-22.09%

3Y Avg-28.9%

Latest-36.57%

Peer Comparison

Government Cybersecurity

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CACICACI International Inc	13.35B	604.57	27.09	12.64%	5.69%	12.53%	3.61%	0.86
LDOSLeidos Holdings, Inc.	25.05B	195.96	21.25	7.93%	8.11%	28.36%	4.96%	1.19
BBAIBigBear.ai Holdings, Inc.	2.66B	6.09	-4.80	1.98%	-301.37%	-71.24%
CTMCastellum, Inc.	97.45M	1.03	-5.72	-1.06%	-7.55%	-10.4%	1.15%	0.57
TLSTelos Corporation	429.25M	5.82	-7.97	-25.52%	-20.47%	-24.7%		0.08
WYYWidePoint Corporation	68.15M	6.89	-32.81	34.47%	-1.55%	-18.57%	2.29%	0.36

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	120.63M	134.87M	107.73M	138.02M	159.22M	179.92M	242.43M	216.89M	145.38M	108.27M
Revenue Growth %	-0.05%	0.12%	-0.2%	0.28%	0.15%	0.13%	0.35%	-0.11%	-0.33%	-0.26%
Cost of Goods Sold+	89.96M	91.42M	67.16M	84.95M	106.87M	117.5M	156.4M	137.84M	92.44M	73.84M
COGS % of Revenue	0.75%	0.68%	0.62%	0.62%	0.67%	0.65%	0.65%	0.64%	0.64%	0.68%
Gross Profit+	30.67M	43.45M	40.57M	53.06M	52.34M	62.42M	86.03M	79.04M	52.94M	34.43M
Gross Margin %	0.25%	0.32%	0.38%	0.38%	0.33%	0.35%	0.35%	0.36%	0.36%	0.32%
Gross Profit Growth %	0.23%	0.42%	-0.07%	0.31%	-0.01%	0.19%	0.38%	-0.08%	-0.33%	-0.35%
Operating Expenses+	34.29M	41.33M	40.15M	44.05M	47.32M	62.12M	127.49M	132.89M	93.26M	90.3M
OpEx % of Revenue	0.28%	0.31%	0.37%	0.32%	0.3%	0.35%	0.53%	0.61%	0.64%	0.83%
Selling, General & Admin	34.29M	41.33M	40.15M	35.29M	36.67M	47.88M	108.4M	115.97M	81.01M	75.49M
SG&A % of Revenue	0.28%	0.31%	0.37%	0.26%	0.23%	0.27%	0.45%	0.53%	0.56%	0.7%
Research & Development	2.1M	2.6M	3.2M	3.5M	10.65M	14.24M	19.1M	16.92M	12.25M	8.44M
R&D % of Revenue	0.02%	0.02%	0.03%	0.03%	0.07%	0.08%	0.08%	0.08%	0.08%	0.08%
Other Operating Expenses	19K	18K	11K	12K	0	0	0	0	0	6.37M
Operating Income+	-3.62M	2.11M	414K	9.01M	5.03M	297K	-41.46M	-53.85M	-40.31M	-55.87M
Operating Margin %	-0.03%	0.02%	0%	0.07%	0.03%	0%	-0.17%	-0.25%	-0.28%	-0.52%
Operating Income Growth %	0.69%	1.58%	-0.8%	20.77%	-0.44%	-0.94%	-140.61%	-0.3%	0.25%	-0.39%
EBITDA+	674K	5.01M	2.41M	12.04M	10M	5.65M	-35.84M	-47.96M	-30.89M	-44.01M
EBITDA Margin %	0.01%	0.04%	0.02%	0.09%	0.06%	0.03%	-0.15%	-0.22%	-0.21%	-0.41%
EBITDA Growth %	1.09%	6.43%	-0.52%	3.99%	-0.17%	-0.43%	-7.34%	-0.34%	0.36%	-0.42%
D&A (Non-Cash Add-back)	4.29M	2.9M	2M	3.03M	4.97M	5.35M	5.62M	5.89M	9.43M	11.87M
EBIT	-3.6M	2.11M	414K	9.01M	5.23M	14.05M	-42.38M	-52.5M	-33.6M	-51.85M
Net Interest Income+	-5.64M	-5.46M	-6.69M	-7.26M	-7.47M	-7.26M	-777K	-874K	-786K	-644K
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.64M	5.46M	6.69M	7.26M	7.47M	7.26M	777K	874K	786K	644K
Other Income/Expense	-5.62M	-5.45M	-6.68M	-7.25M	-7.27M	6.5M	-1.7M	476K	5.93M	3.38M
Pretax Income+	-9.24M	-3.33M	-6.26M	1.77M	-2.24M	6.79M	-43.16M	-53.37M	-34.39M	-52.49M
Pretax Margin %	-0.08%	-0.02%	-0.06%	0.01%	-0.01%	0.04%	-0.18%	-0.25%	-0.24%	-0.48%
Income Tax+	4.26M	334K	-2.77M	31K	-104K	-46K	-28K	54K	36K	26K
Effective Tax Rate %	1.73%	2.15%	0.93%	-0.93%	2.86%	0.25%	1%	1%	1%	1%
Net Income+	-15.94M	-7.17M	-5.83M	-1.64M	-6.4M	1.69M	-43.13M	-53.43M	-34.42M	-52.52M
Net Margin %	-0.13%	-0.05%	-0.05%	-0.01%	-0.04%	0.01%	-0.18%	-0.25%	-0.24%	-0.49%
Net Income Growth %	-0.3%	0.55%	0.19%	0.72%	-2.9%	1.26%	-26.57%	-0.24%	0.36%	-0.53%
Net Income (Continuing)	-13.5M	-3.67M	-3.5M	1.74M	-2.14M	6.84M	-43.13M	-53.43M	-34.42M	-52.52M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	635K	2.23M	913K	2.62M	4.51M	0	0	0	0	0
EPS (Diluted)+	-0.36	-0.16	-0.10	-0.03	-0.03	0.03	-0.65	-0.79	-0.50	-0.73
EPS Growth %	-0.29%	0.56%	0.38%	0.67%	0.01%	1.79%	-25.9%	-0.22%	0.37%	-0.46%
EPS (Basic)	-0.36	-0.16	-0.11	-0.03	-0.03	0.03	-0.65	-0.79	-0.50	-0.73
Diluted Shares Outstanding	44.28M	44.28M	57.21M	49.2M	64.7M	64.63M	66.37M	67.56M	69.26M	71.85M
Basic Shares Outstanding	44.28M	44.28M	55.36M	49.2M	64.7M	64.63M	66.37M	67.56M	69.26M	71.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.84M	25M	42.15M	41.23M	39.57M	144.11M	191.71M	167.96M	139.99M	91.42M
Cash & Short-Term Investments	58K	659K	600K	72K	6.75M	106.05M	126.56M	119.31M	99.26M	54.58M
Cash Only	58K	659K	600K	72K	6.75M	106.05M	126.56M	119.31M	99.26M	54.58M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	19.05M	19.09M	24.52M	34.54M	27.94M	30.91M	59.84M	40.07M	30.42M	19.17M
Days Sales Outstanding	57.62	51.66	83.08	91.35	64.06	62.71	90.1	67.43	76.39	64.63
Inventory	2.9M	3.55M	13.52M	4.39M	1.97M	3.31M	1.25M	2.88M	1.42M	1.78M
Days Inventory Outstanding	11.77	14.18	73.48	18.86	6.71	10.29	2.91	7.62	5.61	8.81
Other Current Assets	3.84M	1.71M	3.51M	2.23M	2.91M	781K	732K	893K	1.37M	793K
Total Non-Current Assets+	34.12M	31.79M	32.27M	33.26M	45.04M	44.38M	54.37M	69.43M	68.71M	66.82M
Property, Plant & Equipment	17.26M	16.12M	16.34M	17.43M	21.55M	23.86M	15.99M	12.96M	10.29M	10.3M
Fixed Asset Turnover	6.99x	8.37x	6.59x	7.92x	7.39x	7.54x	15.16x	16.74x	14.13x	10.52x
Goodwill	14.92M	14.92M	14.92M	14.92M	14.92M	14.92M	17.92M	17.92M	17.92M	17.92M
Intangible Assets	1.13M	0	0	0	0	0	19.2M	37.41M	39.62M	30.41M
Long-Term Investments	-3.2M	-3.39M	-741K	-818K	0	0	0	133K	136K	3M
Other Non-Current Assets	814K	761K	1.01M	915K	1.66M	931K	1.25M	246K	749K	5.19M
Total Assets+	59.96M	56.8M	74.42M	74.49M	84.61M	188.49M	246.08M	237.4M	208.7M	158.24M
Asset Turnover	2.01x	2.37x	1.45x	1.85x	1.88x	0.95x	0.99x	0.91x	0.70x	0.68x
Asset Growth %	-0.19%	-0.05%	0.31%	0%	0.14%	1.23%	0.31%	-0.04%	-0.12%	-0.24%
Total Current Liabilities+	24.77M	33.64M	46.23M	39.1M	37.3M	38.95M	50.94M	45.5M	39.2M	22.14M
Accounts Payable	9.28M	12.1M	15.39M	15.18M	13.55M	14.7M	7.87M	12.61M	8.31M	1.15M
Days Payables Outstanding	37.64	48.31	83.66	65.22	46.28	45.66	18.36	33.38	32.8	5.7
Short-Term Debt	1.4M	3.03M	0	0	1.93M	2.02M	0	1.25M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.04M	4.61M	12.29M	5.2M	3.29M	8.1M	7.99M	14.86M	7.77M	8.04M
Current Ratio	1.04x	0.74x	0.91x	1.05x	1.06x	3.70x	3.76x	3.69x	3.57x	4.13x
Quick Ratio	0.93x	0.64x	0.62x	0.94x	1.01x	3.62x	3.74x	3.63x	3.54x	4.05x
Cash Conversion Cycle	31.75	17.53	72.9	44.99	24.49	27.34	74.65	41.67	49.19	67.75
Total Non-Current Liabilities+	159.58M	153.13M	164.23M	167.49M	183.93M	22.44M	14.89M	19.54M	10.5M	8.96M
Long-Term Debt	135.59M	129.83M	144.64M	148.97M	158.47M	0	0	7.21M	0	0
Capital Lease Obligations	19.91M	18.99M	17.98M	16.86M	17.19M	15.24M	13.23M	11.28M	9.64M	8.06M
Deferred Tax Liabilities	3.2M	3.39M	741K	818K	7.54M	5.32M	723K	758K	813K	813K
Other Non-Current Liabilities	4.08M	4.31M	1.61M	1.66M	724K	1.87M	935K	297K	44K	91K
Total Liabilities	184.35M	186.78M	210.46M	206.59M	221.23M	61.38M	65.83M	65.04M	49.7M	31.1M
Total Debt+	31.78M	22.94M	32.07M	31.56M	177.6M	17.26M	15.25M	21.69M	11.47M	10.15M
Net Debt	31.72M	22.28M	31.47M	31.49M	170.85M	-88.79M	-111.31M	-97.62M	-87.79M	-44.43M
Debt / Equity	-	-	-	-	-	0.14x	0.08x	0.13x	0.07x	0.08x
Debt / EBITDA	47.15x	4.58x	13.29x	2.62x	17.77x	3.05x	-	-	-	-
Net Debt / EBITDA	47.06x	4.45x	13.04x	2.61x	17.09x	-15.71x	-	-	-	-
Interest Coverage	-0.64x	0.39x	0.06x	1.24x	0.67x	0.04x	-53.36x	-61.61x	-51.29x	-86.76x
Total Equity+	-124.38M	-129.98M	-136.04M	-132.1M	-136.62M	127.1M	180.25M	172.35M	159M	127.14M
Equity Growth %	-0.15%	-0.04%	-0.05%	0.03%	-0.03%	1.93%	0.42%	-0.04%	-0.08%	-0.2%
Book Value per Share	-2.81	-2.94	-2.38	-2.69	-2.11	1.97	2.72	2.55	2.30	1.77
Total Shareholders' Equity	-125.02M	-132.21M	-136.95M	-134.72M	-141.14M	127.1M	180.25M	172.35M	159M	127.14M
Common Stock	78K	78K	78K	78K	78K	103K	105K	106K	109K	111K
Retained Earnings	-128.36M	-135.54M	-141.37M	-139.13M	-145.53M	-143.84M	-186.98M	-240.41M	-274.83M	-327.35M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	37K	25K	32K	17K	6K	44K	-27K	-55K	-60K	-129K
Minority Interest	635K	2.23M	913K	2.62M	4.51M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.72M	13.86M	-591K	6.27M	11.82M	-2.1M	7.26M	16.51M	1.59M	-25.94M
Operating CF Margin %	0.02%	0.1%	-0.01%	0.05%	0.07%	-0.01%	0.03%	0.08%	0.01%	-0.24%
Operating CF Growth %	-0.56%	4.09%	-1.04%	11.61%	0.89%	-1.18%	4.45%	1.27%	-0.9%	-17.34%
Net Income	-13.5M	-3.67M	-3.5M	1.74M	-2.14M	6.84M	-43.13M	-53.43M	-34.42M	-52.52M
Depreciation & Amortization	4.29M	2.9M	2M	3.03M	4.97M	5.35M	5.62M	5.89M	9.43M	11.87M
Stock-Based Compensation	12K	3.32M	50K	50K	0	4K	60.23M	64.66M	24.4M	21.41M
Deferred Taxes	5.11M	192K	-2.71M	77K	-197K	31K	70K	35K	55K	0
Other Non-Cash Items	4.25M	798K	4.06M	3.9M	5.09M	-9.22M	42K	151K	-1.2M	11.86M
Working Capital Changes	2.56M	10.32M	-494K	-2.52M	4.09M	-5.12M	-15.57M	-800K	3.33M	-18.55M
Change in Receivables	3.36M	14K	-5.42M	-9.92M	6.19M	-2.56M	-28.94M	19.68M	9.49M	11.27M
Change in Inventory	352K	-866K	-10.04M	9.1M	2.05M	-1.35M	2.05M	-1.63M	1.46M	-471K
Change in Payables	-3.84M	3.72M	10.38M	-3.91M	-6.73M	3.41M	16.09M	-12.32M	-8.82M	-9.42M
Cash from Investing+	-394K	-624K	-2.23M	-4.11M	-6.53M	-7.46M	-19.09M	-13.72M	-15.48M	-16.76M
Capital Expenditures	-394K	-624K	-2.23M	-4.11M	-4.09M	-780K	-13.17M	-13.72M	-926K	-2.25M
CapEx % of Revenue	0%	0%	0.02%	0.03%	0.03%	0%	0.05%	0.06%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-1.48M	-1.65M	-2.44M	-6.68M	0	0	-14.55M	-11.51M
Cash from Financing+	-2.3M	-12.63M	2.76M	-2.68M	1.4M	108.86M	32.35M	-9.91M	-6.15M	-1.98M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-3.89M	-3.89M	-3.84M	-3.84M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.5M	1.98M	-5.76M	2.17M	-2.37M	-32.84M	-29.33M	2.69M	-4.42M	-457K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.33M	13.23M	-2.82M	2.15M	5.28M	-9.56M	-5.91M	2.79M	-13.89M	-28.19M
FCF Margin %	0.02%	0.1%	-0.03%	0.02%	0.03%	-0.05%	-0.02%	0.01%	-0.1%	-0.26%
FCF Growth %	-0.58%	4.68%	-1.21%	1.76%	1.45%	-2.81%	0.38%	1.47%	-5.98%	-1.03%
FCF per Share	0.05	0.30	-0.05	0.04	0.08	-0.15	-0.09	0.04	-0.20	-0.39
FCF Conversion (FCF/Net Income)	-0.17x	-1.93x	0.10x	-3.82x	-1.85x	-1.25x	-0.17x	-0.31x	-0.05x	0.49x
Interest Paid	1.52M	1.32M	2.4M	2.48M	3.3M	7.26M	758K	803K	693K	563K
Taxes Paid	65K	60K	26K	19K	40K	64K	60K	188K	147K	132K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	1.33%	-28.07%	-30.3%	-20.78%	-36.71%
Return on Invested Capital (ROIC)	-	-	-	-	11.01%	0.61%	-57.99%	-56.22%	-41.43%	-54.45%
Gross Margin	25.43%	32.21%	37.66%	38.45%	32.88%	34.69%	35.49%	36.44%	36.42%	31.8%
Net Margin	-13.21%	-5.32%	-5.41%	-1.19%	-4.02%	0.94%	-17.79%	-24.63%	-23.68%	-48.51%
Debt / Equity	-	-	-	-	-	0.14x	0.08x	0.13x	0.07x	0.08x
Interest Coverage	-0.64x	0.39x	0.06x	1.24x	0.67x	0.04x	-53.36x	-61.61x	-51.29x	-86.76x
FCF Conversion	-0.17x	-1.93x	0.10x	-3.82x	-1.85x	-1.25x	-0.17x	-0.31x	-0.05x	0.49x
Revenue Growth	-5.43%	11.8%	-20.12%	28.12%	15.36%	13%	34.75%	-10.54%	-32.97%	-25.52%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Service	120.99M	143.58M	161.18M	-	192.74M	135.18M	103.58M
Service Growth	-	18.67%	12.26%	-	-	-29.87%	-23.37%
Product	17.03M	15.64M	18.74M	-	24.14M	10.2M	4.69M
Product Growth	-	-8.16%	19.82%	-	-	-57.74%	-54.02%
Security Solutions	-	-	-	123.53M	-	-	-
Security Solutions Growth	-	-	-	-	-	-	-
Secure Networks	-	-	-	118.9M	-	-	-
Secure Networks Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Telos Corporation (TLS) reported $144.4M in revenue for fiscal year 2024. This represents a 24% decrease from $189.9M in 2011.

Telos Corporation (TLS) saw revenue decline by 25.5% over the past year.

Telos Corporation (TLS) reported a net loss of $29.6M for fiscal year 2024.

Dividend & Returns

Telos Corporation (TLS) has a return on equity (ROE) of -36.7%. Negative ROE indicates the company is unprofitable.

Telos Corporation (TLS) generated $4.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.