Telos
Provides cyber compliance, identity enrollment, and secure-network tools for federal and commercial customers.
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Profile
Sells Security Solutions and Secure Networks products across cyber GRC, identity enrollment, secure messaging, biometrics, and managed secure networks. Revenue is concentrated in U.S. federal customers, tying the business to federal program demand and Secure Networks backlog.
Provides cyber, cloud, identity, secure-messaging, and secure-network products for security-sensitive organizations. Security Solutions houses Xacta cyber GRC automation, Telos ID and TSA PreCheck enrollment, ONYX biometrics, AMHS messaging, and Telos Ghost private network access.
Operates from Ashburn with a business base concentrated in U.S. federal customers, while also serving commercial, state and local, and international users. Secure Networks covers secure mobility, network design and management, and defensive cyber services.
Execution depends on regulated authorization workflows, identity enrollment demand, and federal program timing. Secure Networks has also faced backlog contraction, making that segment a smaller and more cyclical part of the portfolio.
Company facts
Categories
Key statistics
Year to date −3.5% · Average volume (30d) 485.5K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.02 | $0.04 | +132.2% | $45.2M | $47.7M | +5.7% | −15.69% |
| May 11, 2026Q1 FY26 | $0.02 | $0.06 | +200.0% | $44.6M | $47.7M | +7.0% | +2.82% |
| Mar 16, 2026Q4 FY25 | $0.02 | $0.06 | +200.0% | $45.2M | $46.8M | +3.4% | −4.85% |
| Nov 10, 2025Q3 FY25 | $0.02 | $0.09 | +350.0% | $45.2M | $51.4M | +13.8% | −15.72% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $30.6M | $36.0M | $51.4M | $46.8M | $47.7M | $47.7M | |
| Gross profit | $12.1M | $11.8M | $20.4M | $16.7M | $17.4M | $16.7M | |
| Operating income | −$9.0M | −$9.9M | −$2.5M | −$3.1M | $1.5M | $310.0K | |
| Net income | −$8.6M | −$9.5M | −$2.1M | −$16.3M | $2.0M | $660.0K | |
| Diluted EPS | −$0.12 | −$0.13 | −$0.03 | −$0.22 | $0.03 | $0.01 | |
| Gross margin | 39.4% | 32.9% | 39.7% | 35.8% | 36.4% | 35.0% | |
| Operating margin | -29.5% | -27.5% | -4.8% | -6.6% | 3.0% | 0.6% |
Fiscal years (4-quarter sums)FY21 $242.4M · FY22 $216.9M · FY23 $145.4M · FY24 $108.3M · FY25 $164.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $50.6M · Total debt $7.0M · Total assets $139.7M · Shareholders' equity $93.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 74.82M · Float 53.22M · 71.1% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Barclays PLC | 9.46M | 12.65% | 13F | May 15, 2026 |
| John B. Wood | 6.82M | 9.10% | 13D | Jul 24, 2026 |
| BlackRock, Inc. | 4.27M | 5.70% | 13G | Jul 30, 2026 |
| Pinnacle Associates Ltd | 2.29M | 3.06% | 13F | Apr 22, 2026 |
| Vanguard Capital Management LLC | 2.28M | 3.04% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Derrick D. Dockery | director | −12,000 | $4.43 |
| Aug 12, 2026 | Derrick D. Dockery | director | −11,000 | $4.34 |
| Jun 24, 2026 | Derrick D. Dockery | director | −7,000 | $4.36 |
| Jun 26, 2026 | Gary Mark Bendza | officer: EVP, CFO | −80,140 | $4.41 |
| Jun 25, 2026 | Gary Mark Bendza | officer: EVP, CFO | −97,976 | $4.19 |
Peers
- Leidos
Large federal IT and cyber integrator for mission networks
- Booz Allen Hamilton
Federal cyber, AI, and digital consulting rival
- CACI
National-security cyber and enterprise IT competitor
- Science Applications International
Government mission IT and secure modernization peer
- ServiceNow
GRC and security-workflow platform rival to Xacta
- Parsons
Federal cyber and critical-infrastructure security peer
- Clear Secure
TSA PreCheck and biometric identity enrollment rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Telos | $4.81 | +0.52% | $358.4M | — | 36.6 | 1.9 | +32.7% |
| Leidos | $141.00 | +0.31% | $17.69B | 13.1 | 11.6 | 1.0 | +7.2% |
| Booz Allen Hamilton | $75.24 | −0.05% | $9.05B | 11.8 | 12.0 | 0.8 | −4.2% |
| CACI | $623.04 | −0.96% | $13.88B | 26.0 | 19.1 | 1.5 | +17.6% |
| Science Applications International | $127.50 | +1.24% | $5.33B | 14.2 | 13.0 | 0.7 | +1.6% |
| ServiceNow | $143.28 | −0.97% | $149.61B | 90.4 | 31.9 | 10.2 | +24.0% |
| Parsons | $49.00 | 0.00% | $5.23B | 33.8 | 14.8 | 0.8 | −0.5% |
| Clear Secure | $43.29 | −0.40% | $4.37B | 29.3 | 21.1 | 4.4 | +26.6% |
| Median | 26.0 | 14.8 | 1.0 | +7.2% |