Filing Flows › Telos (TLS) › Q2 2026
Telos (TLS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Telos (TLS) reported revenue of $47.7M for the second quarter 2026 (Q2 2026), +33% from a year earlier and 0% from the quarter before. Operating margin was 0.6%, net earnings $660K (1.4% of revenue).
Telos, Q2 2026: revenue $47.7M (+33% year over year), operating margin 0.6%, net earnings $660K, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.7M | 0% | +33% |
| Gross profit | $16.7M | -4% | +40% |
| Operating profit | $310K | -79% | — |
| Net earnings | $660K | -67% | — |
| Operating cash flow | $8.8M | +2% | +27% |
| Free cash flow | $8.6M | +0.9% | +26% |
What changed
Revenue was $47.7M in Q2 2026, up 33% year over year and roughly flat from the previous quarter. Service was the largest line at 85% of revenue. Service added $11.3M year over year (up 39%), 96% of the total change.
Gross margin was 35.0%, up 1.8 points from Q2 2025. Operating profit was $310K, a 0.6% margin (up 28.1 points year over year). Operating expenses fell 25% while revenue rose 33%. Net earnings were $660K. The effective tax rate was 6.2%. Non-operating items added $394K, 56% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.8M (up 27% year over year), 1338% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $246K left free cash flow of $8.6M.
Questions
What was Telos' revenue in the second quarter 2026?
Telos (TLS) reported revenue of $47.7M for the second quarter 2026 (Q2 2026), +33% from a year earlier and 0% from the quarter before.
Was Telos profitable in the second quarter 2026?
Operating profit was $310K (0.6% of revenue) and net earnings $660K.
Source: Telos 10-Q on SEC EDGAR.