---
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"
generated_at: "2026-05-11T18:21:37.631987+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Telos Q1: Revenue up 56% to $47.7M, net income $2.0M, Adj EBITDA $7.9M; reaffirms FY outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-26-000021
- JSON: https://secwatch.observer/filing/0000320121-26-000021.json
- Plain text: https://secwatch.observer/filing/0000320121-26-000021.txt

## Key facts
- Earnings Releases
  TELOS CORP reported first quarter ended March 31, 2026 results: revenue $47.7 million, net income $2.0 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2026
  - Revenue: $47.7 million
  - Net income: $2.0 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/320121/000032012126000021/0000320121-26-000021-index.htm

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