---
schema_version: "secwatch.filing_event.v1"
accession: "0000320121-25-000049"
form_type: "8-K"
ticker: "TLS"
cik: "0000320121"
company_name: "TELOS CORP"
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:44:08.509085+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Telos Q3 revenue $51.4M (+116% YoY), beats guidance; raises full-year outlook

## Summary
- Revenue $51.4M, up 116% YoY, exceeding guidance on Telos ID strength and stronger Q3 weighting.
- GAAP Gross Margin 39.9% (+2,672 bps); Cash Gross Margin 44.8% (+78 bps); GAAP Net Loss $2.1M.
- Adjusted EBITDA $10.1M, up $14.2M YoY; operating cash flow $9.1M (17.8% of revenue).
- Q4 guidance: revenue $44.0-$46.3M (67-76% YoY); FY25 revenue $162.0-$164.3M (50-52%).
- Repurchased 584,213 shares for $3.6M at avg $6.23; cites potential federal shutdown delays.

## SEC filing metadata
- accession: 0000320121-25-000049
- form_type: 8-K
- ticker: TLS
- cik: 0000320121
- company_name: TELOS CORP
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/320121/000032012125000049/0000320121-25-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320121/000032012125000049/tls-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-25-000049
- JSON: https://secwatch.observer/filing/0000320121-25-000049.json
- Plain text: https://secwatch.observer/filing/0000320121-25-000049.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.