Quarterly ResultMay 11, 2026, 09:07 AM
Telos Q1 Revenue +56% to $47.7M; Adjusted EBITDA $7.9M
AI Summary
Telos Corporation announced strong financial results for the first quarter ended March 31, 2026, with revenue increasing significantly and Adjusted EBITDA exceeding guidance. The company reported a GAAP net income of $2.0 million, a substantial improvement from the prior year's loss. Telos also reaffirmed its full-year financial outlook and continued its share repurchase program. A conference call to discuss these results was scheduled for May 11, 2026.
Key Highlights
- Revenue grew 56% year-over-year to $47.7 million, exceeding guidance.
- Security Solutions revenue grew 78% year-over-year.
- GAAP Net Income was $2.0 million, compared to a $8.6 million loss in Q1 2025.
- Adjusted EBITDA was $7.9 million, exceeding guidance, with a 16.5% margin.
- Cash Flow from Operations was $8.7 million, or 18.1% of revenue.
- Free Cash Flow increased 69% year-over-year to $6.4 million.
- Repurchased 0.5 million shares for $2.2 million at an average price of $4.25.
- Reaffirmed full-year revenue guidance of $187M-$200M and Adjusted EBITDA of $20.6M-$28.0M.