Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135M | $108M | $138M | $159M | $180M | $242M | $217M | $145M | $108M | $165M |
| Revenue growth | — | -20.1% | 28.1% | 15.4% | 13.0% | 34.7% | -10.5% | -33.0% | -25.5% | 52.2% |
| Gross profit | — | — | — | $52.3M | $62.4M | $86.0M | $79.0M | $52.9M | $34.4M | $61.0M |
| Gross margin | — | — | — | 32.9% | 34.7% | 35.5% | 36.4% | 36.4% | 31.8% | 37.0% |
| Operating income | $2.11M | $414K | $9.01M | $5.03M | $297K | -$41.5M | -$53.9M | -$40.3M | -$55.9M | -$39.9M |
| Operating margin | 1.6% | 0.4% | 6.5% | 3.2% | 0.2% | -17.1% | -24.8% | -27.7% | -51.6% | -24.2% |
| Net income | -$7.17M | -$5.83M | -$1.64M | -$6.40M | $1.69M | -$43.1M | -$53.4M | -$34.4M | -$52.5M | -$36.5M |
| Net margin | -5.3% | -5.4% | -1.2% | -4.0% | 0.9% | -17.8% | -24.6% | -23.7% | -48.5% | -22.2% |
| EPS (diluted) | — | — | -$0.04 | -$0.17 | $0.04 | -$0.65 | -$0.79 | -$0.50 | -$0.73 | -$0.50 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.9M | -$591K | $6.27M | $11.8M | -$2.10M | $7.26M | $16.5M | $1.59M | -$25.9M | $30.2M |
| Capital expenditures | $624K | $748K | $2.46M | $4.09M | $780K | $3.20M | $1.01M | $926K | $2.25M | $739K |
| Free cash flow | $13.2M | -$1.34M | $3.80M | $7.73M | -$2.88M | $4.06M | $15.5M | $661K | -$28.2M | $29.4M |
| Share buybacks | — | — | — | $0.00 | $0.00 | $1.25M | $11.1M | $139K | $0.00 | $13.6M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $659K | $600K | $72.0K | $6.75M | $106M | $127M | $119M | $99.3M | $54.6M | $53.2M |
| Total assets | $56.8M | $74.4M | $74.5M | $77.7M | $184M | $246M | $237M | $209M | $158M | $140M |
| Total liabilities | $187M | $210M | $207M | $214M | $56.7M | $65.8M | $65.0M | $49.7M | $31.1M | $43.9M |
| Long-term debt | — | $10.8M | $11.0M | — | — | — | — | — | — | — |
| Shareholders' equity | -$132M | -$137M | -$135M | -$141M | $127M | $180M | $172M | $159M | $127M | $96.0M |
| Retained earnings | -$136M | -$141M | -$139M | -$146M | -$144M | -$187M | -$240M | -$275M | -$327M | -$364M |
| Shares (wtd avg diluted) | — | — | 36.8M | 37.7M | 42.9M | 66.4M | 67.6M | 69.3M | 71.8M | 72.9M |
Every figure is extracted from TELOS CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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