Filing Flows › Telos (TLS) › Q3 2025
Telos (TLS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Telos (TLS) reported revenue of $51.4M for the third quarter 2025 (Q3 2025), +116% from a year earlier and +43% from the quarter before. Operating margin was -4.8%, net loss $2.1M (4.1% of revenue).
Telos, Q3 2025: revenue $51.4M (+116% year over year), operating margin -4.8%, net loss $2.1M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.4M | +43% | +116% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | $9.1M | +32% | — |
| Free cash flow | $8.7M | +28% | — |
What changed
Revenue was $51.4M in Q3 2025, up 116% year over year and up 43% from the previous quarter. Service was the largest line at 85% of revenue. Service added $21.3M year over year (up 96%), 77% of the total change.
Gross margin was 39.9%, up 26.7 points from a year earlier. Operating costs exceeded revenue by $2.5M, an operating margin of -4.8%. Operating expenses fell 28% while revenue rose 116%. The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $9.5M loss.
Operating cash flow was $9.1M. Non-cash charges added back $3.2M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $452K left free cash flow of $8.7M.
Questions
What was Telos' revenue in the third quarter 2025?
Telos (TLS) reported revenue of $51.4M for the third quarter 2025 (Q3 2025), +116% from a year earlier and +43% from the quarter before.
Was Telos profitable in the third quarter 2025?
Operating loss was $2.5M (-4.8% of revenue) and net loss $2.1M.
Source: Telos 10-Q on SEC EDGAR.