{"schema_version":"secwatch.filing_event.v1","accession":"0000320121-26-000021","form_type":"8-K","ticker":"TLS","cik":"0000320121","company_name":"TELOS CORP","filed_at":"2026-05-11T13:00:46+00:00","discovered_at":"2026-05-11T14:49:57.127956+00:00","generated_at":"2026-05-11T18:21:37.631987+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Telos Q1: Revenue up 56% to $47.7M, net income $2.0M, Adj EBITDA $7.9M; reaffirms FY outlook","bullets":["Revenue grew 56% YoY to $47.7M; Security Solutions up 78% driven by Telos ID.","GAAP Net Income $2.0M; Adjusted EBITDA $7.9M (16.5% margin), up from 1.2% YoY.","Cash from ops $8.7M (18.1% of rev); Free Cash Flow $6.4M, up 69% YoY.","Repurchased 0.5M shares for $2.2M at avg $4.25; repurchases expected to accelerate in Q2.","Guidance: Q2 rev $44-46M, FY rev $187-200M; Adj EBITDA Q2 $5-6M, FY $20.6-28M; reaffirming outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0000320121-26-000021","json":"https://secwatch.observer/filing/0000320121-26-000021.json","markdown":"https://secwatch.observer/filing/0000320121-26-000021.md","text":"https://secwatch.observer/filing/0000320121-26-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/320121/000032012126000021/0000320121-26-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/320121/000032012126000021/tls-20260511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T18:21:37.631987+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e3a015a0b31e2c0e7ff62d1e7ed9943d859c6a45","claim":"TELOS CORP reported first quarter ended March 31, 2026 results: revenue $47.7 million, net income $2.0 million. Guidance reaffirmed.","evidence_excerpt":"Telos Corporation Reports 56% Revenue Growth and Continued Strong Profitability and Cash Flow Margins; Reaffirms Full Year Outlook • Substantial Growth : Revenue grew 56% year-over-year to $47.7 million, exceeding guidance, and driven by 78% growth in Security Solutions primarily due to the expansion of large programs in Telos ID. • Healthy Gross Margins : GAAP Gross Margin and Cash Gross Margin 1 both exceeded guidance assumptions primarily due to performance in Telos ID. GAAP Gross Margin was 36.4% and Cash Gross Margin 1 was 42.3%. • Rigorous Expense Discipline : GAAP Operating Expenses decreased 25% year-over-year primarily due to lower stock-based compensation expense. Adjusted Operating Expenses 1 decreased 8% primarily due to restructuring and cost management initiatives. • Expanding Operating Margins : GAAP Net Income was $2.0 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/320121/000032012126000021/0000320121-26-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$47.7 million"},{"label":"Net income","value":"$2.0 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}