Filing Flows › Telos (TLS) › How it makes money
How Telos (TLS) makes money
Telos (TLS) made $47.7M of revenue in the second quarter 2026 (Q2 2026), +33% from a year earlier. Service brought in $40.6M (85%); Product brought in $7.2M (15%). Of every dollar of revenue, 35¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Service | $40.6M | 85.0% | -3% | +39% |
| Product | $7.2M | 15.0% | +26% | +7% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $47.7M | 100.0% |
| Cost of revenue | $31.1M | 65.0% |
| Gross profit | $16.7M | 35.0% |
| Operating expenses | $16.4M | 34.3% |
| Operating profit | $310K | 0.6% |
| Income tax | $44K | 0.1% |
| Net earnings | $660K | 1.4% |
| Operating cash flow | $8.8M | 18.5% |
| Free cash flow | $8.6M | 18.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $47.7M | +33% |
| Q1 2026 | $47.7M | +56% |
| Q4 2025 | $46.8M | +77% |
| Q3 2025 | $51.4M | +116% |
| Q2 2025 | $36.0M | +26% |
| Q1 2025 | $30.6M | +3% |
| Q4 2024 | $26.4M | -36% |
From Telos' 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Telos make money?
Telos (TLS) made $47.7M of revenue in the second quarter 2026 (Q2 2026), +33% from a year earlier. Service brought in $40.6M (85%); Product brought in $7.2M (15%). Of every dollar of revenue, 35¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.
What is Telos' biggest business?
Service: $40.6M in the second quarter 2026, 85% of revenue, +39% from a year earlier.
What is Telos' profit margin?
Net earnings were $660K, 1.4% of revenue, in the second quarter 2026; the operating margin was 0.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.