Filing Flows › Telos (TLS) › Q2 2026 › vs Q1 2026
Telos (TLS) Q2 2026 vs Q1 2026 (quarter over quarter)
Telos's revenue rose $3K (0%) from $47.7M in Q1 2026 to $47.7M in Q2 2026. The biggest changes: Product +$1.5M (+26%); Service −$1.5M (-3%). Gross margin 35.0% against 36.4% (-1.4 pts).
Telos, Q2 2026: revenue $47.7M (+33% year over year), operating margin 0.6%, net earnings $660K, operating cash flow $8.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 35.0% | 36.4% | -1.4 pts |
| Operating margin | 0.6% | 3.0% | -2.4 pts |
| Net margin | 1.4% | 4.2% | -2.9 pts |
| Free cash flow margin | 18.0% | 17.8% | +0.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Service | $40.6M | $42.1M | −$1.5M | -3% |
| Product | $7.2M | $5.7M | $1.5M | +26% |
| Revenue | $47.7M | $47.7M | $3K | 0% |
| Gross profit | $16.7M | $17.4M | −$683K | -4% |
| Cost of revenue | $31.1M | $30.4M | $686K | +2% |
| Other income, net | $394K | $586K | −$192K | -33% |
| Operating profit | $310K | $1.5M | −$1.1M | -79% |
| Operating expenses | $16.4M | $15.9M | $462K | +3% |
| Pre-tax earnings | $704K | $2.0M | −$1.3M | -66% |
| Research & development | $1.3M | $1.4M | −$12K | -0.9% |
| SG&A | $15.0M | $14.6M | $474K | +3% |
| Net earnings | $660K | $2.0M | −$1.4M | -67% |
| Income tax | $44K | $18K | $26K | +144% |
| Depreciation & amortization | $3.3M | $3.4M | −$82K | -2% |
| Share-based compensation | $3.2M | $3.0M | $242K | +8% |
| Working capital & other | $1.6M | $233K | $1.4M | +592% |
| Operating cash flow | $8.8M | $8.7M | $177K | +2% |
| Free cash flow (OCF − capex) | $8.6M | $8.5M | $76K | +0.9% |
| Capital expenditures | $246K | $145K | $101K | +70% |
Questions
How much did Telos's revenue grow quarter over quarter in Q2 2026?
Telos's revenue rose $3K (0%) from $47.7M in Q1 2026 to $47.7M in Q2 2026.
What drove Telos's revenue change in Q2 2026?
Product +$1.5M (+26%); Service −$1.5M (-3%).