Filing Flows › Telos (TLS) › Q3 2026 › vs Q3 2025
Telos (TLS) Q3 2026 vs Q3 2025 (year over year)
Telos's revenue rose $3.8M (+7%) from $51.4M in Q3 2025 to $55.2M in Q3 2026. The biggest changes: Revenue – Security Solutions +$7.7M (+17%); Revenue – Secure Networks −$4.0M (-80%). Gross margin 37.9% against 39.9% (-2.0 pts).
Telos, Q3 2026: revenue $55.2M (+7% year over year), operating margin 7.4%, net earnings $4.4M, operating cash flow $9.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 37.9% | 39.9% | -2.0 pts |
| Operating margin | 7.4% | -4.8% | +12.2 pts |
| Net margin | 8.0% | -4.1% | +12.1 pts |
| Free cash flow margin | 13.4% | 12.8% | +0.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue – Security Solutions | $54.2M | $46.5M | $7.7M | +17% |
| Revenue – Secure Networks | $1.0M | $5.0M | −$4.0M | -80% |
| Revenue | $55.2M | $51.4M | $3.8M | +7% |
| Gross profit | $20.9M | $20.5M | $394K | +2% |
| Cost of revenue | $34.3M | $30.9M | $3.4M | +11% |
| Other income, net | $364K | $375K | −$11K | -3% |
| Operating profit | $4.1M | −$2.5M | $6.6M | — |
| Operating expenses | $16.9M | $23.0M | −$6.2M | -27% |
| Pre-tax earnings | $4.5M | −$2.1M | $6.5M | — |
| Research & development | $1.5M | $1.9M | −$447K | -24% |
| SG&A | $15.4M | $21.1M | −$5.7M | -27% |
| Net earnings | $4.4M | −$2.1M | $6.5M | — |
| Income tax | $18K | $21K | −$3K | -14% |
| Depreciation & amortization | $3.5M | $3.2M | $295K | +9% |
| Share-based compensation | $3.0M | $9.4M | −$6.4M | -68% |
| Working capital & other | $1.5M | $1.3M | $170K | +13% |
| Operating cash flow | $9.4M | $9.1M | $298K | +3% |
| Free cash flow (company-reported) | $7.4M | $6.6M | $786K | +12% |
| Capitalized software development costs | $2.0M | $2.1M | −$122K | -6% |
| Purchases of property and equipment, net | $86K | $452K | −$366K | -81% |
Questions
How much did Telos's revenue grow year over year in Q3 2026?
Telos's revenue rose $3.8M (+7%) from $51.4M in Q3 2025 to $55.2M in Q3 2026.
What drove Telos's revenue change in Q3 2026?
Revenue – Security Solutions +$7.7M (+17%); Revenue – Secure Networks −$4.0M (-80%).