Telos Corporation (TLS)
NASDAQ:TLS
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: sizable revenue growth (+56%), materially improved adjusted EBITDA margin (16.5% vs 1.2% prior year), robust cash generation (13.4% free cash flow margin) and accelerated share buybacks. Key growth drivers (Telos ID, TSA PreCheck, DMDC) performed well and a sizable ~$500M pipeline and Exact AI traction offer upside. Offsetting factors include the CEO's medical leave (interim leadership), conservative approach to updating full-year guidance despite the beat, timing uncertainty around government awards, and seasonality risk in TSA PreCheck. Overall, the positives — large beat, margin expansion, strong cash flow, buybacks and a meaningful pipeline — substantially outweigh the manageable risks and uncertainties.Company Guidance
Revenue Growth and Guidance Beat
Total company revenue increased 56% year over year to $47.7 million, exceeding guidance of $44.0M–$45.0M for the quarter.
Strong Margins
GAAP gross margin of 36.4% and cash gross margin of 42.3%, both above expectations; company raised the low end of its full-year cash gross margin assumptions following the quarter.
Large Improvement in Adjusted EBITDA
Adjusted EBITDA of $7.9 million beat the guidance range of $4.5M–$5.0M; adjusted EBITDA margin was 16.5% versus 1.2% in the prior-year period (an increase of ~15.3 percentage points).
Cost Discipline and Expense Reductions
Adjusted operating expenses were $400 thousand better than guidance and down $1.2 million year over year, driven in part by the Q4 restructuring plan and ongoing efficiency initiatives.
Strong Cash Generation and Free Cash Flow
Operating cash flow was $8.7 million and free cash flow was $6.4 million, representing a 13.4% free cash flow margin — the fifth consecutive quarter with a free cash flow margin above 12%.
Share Repurchases and Capital Allocation
Repurchased $2.2 million of stock (over 500,000 shares) at an average price of $4.25 per share during the quarter; company intends to accelerate repurchases in Q2 while maintaining a targeted cash balance (~$50 million).
Operational Wins — Telos ID and TSA PreCheck
Broad-based strength driven by large programs within Telos ID including strong TSA PreCheck enrollment activity, solid performance in the DMDC (IP GEMS) program, and confidential IT security work.
Large Pipeline and Product Traction (Exact AI)
Nearly $500 million in proposals outstanding with expected award decisions in 2026; two proposals around $90 million each and multiple others in the tens of millions. Exact AI has over 400 licenses sold/installed, live pilots in multiple intelligence and banking environments, and strong market interest.
TLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $4.48 | $4.25 | -5.13% |
Mar 16, 2026 | $4.28 | $4.12 | -3.74% |
Nov 10, 2025 | $6.38 | $7.76 | +21.63% |
Aug 11, 2025 | $2.38 | $3.87 | +62.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Telos Corporation (TLS) report earnings?
Telos Corporation (TLS) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Telos Corporation (TLS) earnings time?
Telos Corporation (TLS) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TLS EPS forecast?
TLS EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.
