Filing Flows › Telos (TLS) › Q1 2025
Telos (TLS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Telos (TLS) reported revenue of $30.6M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +16% from the quarter before. Operating margin was -29.5%, net loss $8.6M (28.1% of revenue).
Telos, Q1 2025: revenue $30.6M (+3% year over year), operating margin -29.5%, net loss $8.6M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.6M | +16% | +3% |
| Operating profit | −$9.0M | — | — |
| Net earnings | −$8.6M | — | — |
| Operating cash flow | $6.1M | — | — |
| Free cash flow | $6.0M | — | — |
What changed
Revenue was $30.6M in Q1 2025, up 3% year over year and up 16% from the previous quarter. Service was the largest line at 94% of revenue. Product added $1.0M year over year (up 131%), 101% of the total change.
Gross margin was 39.8%, up 2.8 points from a year earlier. Operating costs exceeded revenue by $9.0M, an operating margin of -29.5%. Operating expenses grew 9% against revenue growth of 3%. The fastest-growing cost line was SG&A (+21%). The quarter ended with a net loss of $8.6M, narrower than the previous quarter's $9.3M loss.
Operating cash flow was $6.1M. Non-cash charges added back $2.3M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $5.3M. Capital expenditures of $123K left free cash flow of $6.0M.
Questions
What was Telos' revenue in the first quarter 2025?
Telos (TLS) reported revenue of $30.6M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +16% from the quarter before.
Was Telos profitable in the first quarter 2025?
Operating loss was $9.0M (-29.5% of revenue) and net loss $8.6M.
Source: Telos 10-Q on SEC EDGAR.