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Telos

Logo: Telos Corporation, Public domain, via Wikimedia Commons4

American information technology company

Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1971Founded1

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  • TickerTLS on Nasdaq1
  • Industryinformation technology1
  • HeadquartersAshburn1
  • Websitewww.telos.com
  • Incorporated inMD5
  • Business address19886 Ashburn Road, Ashburn, Va 201475
  • Filer categoryAccelerated filer, Smaller reporting company5

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Telos' Ashburn VA headquarters
Photo: Jbphelps, CC BY-SA 3.0, via Wikimedia Commons7

Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the U.S. government and NATO allies.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.0%Gross margin8
-24.2%Operating margin8
-22.2%Net margin8
52.2%Revenue growth, 20258
-38.1%Return on equity8
$29.4MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue55¢$103.8M
  • Research and development4¢$7.1M
  • Selling, general and admin41¢$78.9M
  • Income tax0¢$663.0K

Out of $164.8M in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$739.0K
  • Share buybacks45¢$13.6M
  • Kept or used elsewhere52¢$15.8M

Out of $30.2M of cash from operations.8

Financial statements

Revenue91011128$164.8M in 2025+4% since 2019
0$100.0M$200.0M$300.0M2019: $159.2M$159.2M20192020: $179.9M$179.9M2020+13%2021: $242.4M$242.4M2021+35%2022: $216.9M$216.9M2022−11%2023: $145.4M$145.4M2023−33%2024: $108.3M$108.3M2024−26%2025: $164.8M$164.8M2025+52%
Gross profit91011128$61.0M in 2025+17% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $52.3M$52.3M20192020: $62.4M$62.4M2020+19%2021: $86.0M$86.0M2021+38%2022: $79.0M$79.0M2022−8%2023: $52.9M$52.9M2023−33%2024: $34.4M$34.4M2024−35%2025: $61.0M$61.0M2025+77%
Operating income91011128-$39.9M in 2025
-$60.0M-$40.0M-$20.0M0$20.0M2019: $5.0M$5.0M20192020: $297.0K$297.0K2020−94%2021: -$41.5M-$41.5M20212022: -$53.9M-$53.9M2022+30%2023: -$40.3M-$40.3M2023−25%2024: -$55.9M-$55.9M2024+39%2025: -$39.9M-$39.9M2025−29%
Net income91011128-$36.5M in 2025+471% since 2019
-$60.0M-$40.0M-$20.0M0$20.0M2019: -$6.4M-$6.4M20192020: $1.7M$1.7M20202021: -$43.1M-$43.1M20212022: -$53.4M-$53.4M2022+24%2023: -$34.4M-$34.4M2023−36%2024: -$52.5M-$52.5M2024+53%2025: -$36.5M-$36.5M2025−30%
Fiscal year2019202020212022202320242025
Revenue$159.2M9$179.9M10$242.4M10$216.9M11$145.4M12$108.3M8$164.8M8
Cost of revenue$106.9M9$117.5M10$156.4M10$137.8M11$92.4M12$73.8M8$103.8M8
Gross profit$52.3M9$62.4M10$86.0M10$79.0M11$52.9M12$34.4M8$61.0M8
Research and development$10.6M9$14.2M10$19.1M10$16.9M11$11.8M12$8.4M8$7.1M8
Selling, general and admin$47.3M9$62.1M10$127.5M10$132.9M11$81.0M12$75.5M8$78.9M8
Operating income$5.0M9$297.0K10-$41.5M10-$53.9M11-$40.3M12-$55.9M8-$39.9M8
Interest$7.5M9$7.3M10$777.0K10$874.0K11$786.0K11
Income tax-$104.0K9-$46.0K10-$28.0K10$54.0K11$36.0K12$26.0K8-$663.0K8
Net income-$6.4M9$1.7M10-$43.1M10-$53.4M11-$34.4M12-$52.5M8-$36.5M8
Earnings per share-$0.179$0.0410-$0.6510-$0.7911-$0.5012-$0.738-$0.508
Earnings per share (diluted)-$0.179$0.0410-$0.6510-$0.7911-$0.5012-$0.738-$0.508

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The story

Telos was founded in 1969 in Santa Monica, California and incorporated in Maryland in 1971.

In the fall of 1984, Telos released the FileVision program for the Apple Macintosh. InfoWorld magazine gave it an honorable mention in its Product of the Year for database applications.

John B. Wood joined the company in 1992, and became president and chief executive in 1994. Today, Telos is headquartered in Ashburn, Virginia.

The company had revenues of $200 million in 1996.

On 16 June 2020, Telos Corporation reported its Automated Message Handling System (AMHS) service was granted an additional five years and $15.6 million contract by the Defense Information Systems Agency (DISA).

On 20 May 2020, Telos named retired general Keith B. Alexander as its advisory board's inaugural leader.

In November 2020, the company filed for an initial public offering.

From Wikipedia’s article on Telos Corporation, shared under CC BY-SA 4.0.6

Leadership

Who has led Telos, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Pierre A. Narath2007

President

  1. Pierre A. Narath2007
  2. Mark D. Griffin2008–2022

Chief financial officer

  1. Michele Nakazawa2006–2021
  2. Pierre A. Narath2007
  3. Gary Mark Bendza2021–now
19801990200020102020
Board members and other officers (41)

Former names

  • C3 INCApr 21, 1995 to Apr 21, 19955

Timeline

  1. Apr 3, 2007New chief executive Pierre A. Narath becomes CEO16
  2. 1971Founded Founded1

Filings

358 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 232 insider forms, 19 large holders, 40 other. The latest 20:

  1. Sep 21, 20264 EDGAR
  2. Sep 21, 20264 EDGAR
  3. Sep 21, 2026144 EDGAR
  4. Sep 11, 2026144 EDGAR
  5. Sep 11, 20264 EDGAR
  6. Sep 10, 20264 EDGAR
  7. Sep 9, 2026144 EDGAR
  8. Sep 2, 2026144 EDGAR
  9. Sep 2, 20264 EDGAR
  10. Aug 24, 20264 EDGAR
  11. Aug 21, 2026144 EDGAR
  12. Aug 17, 20264 EDGAR
  13. Aug 13, 20264 EDGAR
  14. Aug 12, 2026144 EDGAR
  15. Aug 10, 202610-Q EDGAR
  16. Aug 10, 20268-K EDGAR
  17. Jul 30, 2026SCHEDULE 13G EDGAR
  18. Jul 24, 2026SCHEDULE 13D EDGAR
  19. Jun 26, 20264 EDGAR
  20. Jun 26, 20264 EDGAR

The 358 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 19 such filings since October 2021, the latest 10:

  1. Jul 30, 2026SCHEDULE 13G
  2. Jul 24, 2026SCHEDULE 13D
  3. Apr 27, 2026SCHEDULE 13G/A
  4. Jul 8, 2025SCHEDULE 13G/A
  5. May 7, 2025SCHEDULE 13G/A
  6. Feb 14, 2025SCHEDULE 13G
  7. Jan 31, 2025SCHEDULE 13G/A
  8. Nov 8, 2024SC 13G
  9. Oct 24, 2024SC 13G
  10. Feb 13, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Barclays PLC9,459,214$43.5M0.0%−4,040
BlackRock, Inc.4,347,411$20.0M0.0%+561,812
Vanguard Capital Management LLC2,368,594$10.9M0.0%+91,075
Pinnacle Associates Ltd2,228,740$10.3M0.1%−62,289
Aqr Capital Management LLC2,186,604$10.1M0.0%+925,241
Masters Capital Management LLC2,100,000$9.7M1.4%+100,000
D. E. Shaw & Co., Inc.1,938,961$8.9M0.0%−112,355
Weber Capital Management LLC /adv1,766,520$8.1M6.9%No change
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,528,230$7.0M0.0%−735,251
Geode Capital Management, LLC1,432,550$6.6M0.0%+117,082
Dimensional Fund Advisors LP1,367,848$6.3M0.0%+74,714
State Street Corp1,083,810$5.0M0.0%+37,540
Two Sigma Investments, LP926,147$4.3M0.0%−425,428
Renaissance Technologies LLC906,929$4.2M0.0%−211,985
Inspire Investing, LLC641,866$3.0M0.1%+518,779
Kennedy Capital Management LLC617,952$2.8M0.1%New
Goldman Sachs Group Inc574,887$2.6M0.0%−95,668
Qube Research & Technologies Ltd542,014$2.5M0.0%−346,633
Northern Trust Corp508,114$2.3M0.0%+58,347
Mackenzie Financial Corp499,011$2.3M0.0%New
Jacobs Levy Equity Management, Inc496,220$2.3M0.0%+142,004
Tocqueville Asset Management L.P.465,000$2.1M0.0%No change
Algert Global LLC452,204$2.1M0.0%+84,942
Charles Schwab Investment Management Inc441,737$2.0M0.0%+22,348
Citadel Advisors LLC433,567$2.0M0.0%+354,672

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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