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Employees: 525
Size Telos (TLS) is a United States Information Technology company (Information Technology Services) with a market value of $360M, the 2955th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.82 on 6 Nov 2026.
Performance Over six months the shares gained 7.6%, against -16.6% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 65.9% over the last twelve months (peer median +7.8%); the operating margin is -2.0% (peer median 5.0%).
Valuation It trades at 38.1× forward earnings against a peer median of 13.7× (3rd most expensive of 13).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.7 points below its cost of capital (9.6% WACC).
Backlog Backlog (remaining performance obligations) was $56.5M at 30 Jun 2026, up 9% on a year earlier — 0.3 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $194M | $165M | $108M | $145M | $217M |
| Revenue growth | — | +52% | -26% | -33% | — |
| Gross profit | $71.0M | $61.1M | $37.4M | $50.9M | $77.6M |
| EBITDA | $9.58M | -$13.0M | -$32.0M | -$26.5M | -$48.0M |
| Net income | -$15.7M | -$36.5M | -$52.5M | -$34.4M | -$53.4M |
| Free cash flow | $33.7M | $29.4M | -$28.2M | -$14.0M | $2.79M |
| Capital expenditure | $8.75M | $8.91M | $13.8M | $15.5M | $13.7M |
| Total debt | $6.97M | $8.06M | $10.1M | $11.5M | $21.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TLS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.3% | -2.5% | 4th highest of 21 |
| 6-month return | +7.6% | -16.6% | 5th highest of 21 |
| Distance from 52-week high | -42.3% | -43.0% | 11th highest of 21 |
| Revenue growth (TTM) | +65.9% | +7.8% | highest of 21 |
| Operating margin | -2.0% | 5.0% | 9th lowest of 21 |
| Forward P/E | 38.1× | 13.7× | 3rd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | -2.3% | -4.1% | 7th most demanding of 14 |
| Growth delivered (Del g) | -1.7% | +7.2% | 5th lowest of 14 |
| Hurdle (Req g minus delivered) | -0.6 pp | -6.3 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -15.7 pp | -5.6 pp | 6th lowest of 21 |
| Net debt / EBITDA | -4.6× | 0.0× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Telos TLS | United States | $360M | +8% | +66% | -2% | 38.1× | -2.3% | -1.7% |
| Sword SWP.PA | France | $360M | +4% | +8% | 9% | 12.0× | -0.1% | +11.0% |
| I'LL 3854.T | Japan | $357M | -6% | +8% | 27% | 15.5× | -11.5% | +9.6% |
| SRA 3817.T | Japan | $352M | 0% | -5% | 16% | 10.3× | -20.2% | +6.2% |
| JFE Systems 4832.T | Japan | $369M | -2% | -14% | 11% | n/a | -19.0% | +4.3% |
| ChinaEtek Service and Technology 301208.SZ | China | $369M | -25% | +47% | 3% | n/a | n/a | n/a |
| BizConf Technology 300578.SZ | China | $373M | -41% | -3% | -13% | 97.8× | n/a | n/a |
| Nanjing TDH Technology 301378.SZ | China | $347M | -26% | -2% | -39% | n/a | n/a | n/a |
| Alight ALIT | United States | $347M | -31% | -4% | 0% | 3.4× | 29.4% | -3.7% |
| Andes Technology 6533.TW | Taiwan | $343M | -12% | +26% | -21% | 61.3× | 24.6% | +20.5% |
| Aurionpro Solutions AURIONPRO.NS | India | $338M | -33% | +12% | 15% | 13.8× | n/a | n/a |
| R Systems International RSYSTEMS.NS | India | $336M | -11% | +24% | 13% | 13.6× | 14.7% | +17.3% |
| HCR 688500.SS | China | $391M | -28% | +5% | -17% | n/a | n/a | n/a |
| Yidu Tech 2158.HK | Hong Kong | $392M | -53% | +17% | -11% | 30.6× | 2.9% | -1.9% |
| CI&T CINT | United States | $394M | -21% | +20% | 11% | 7.6× | -4.4% | +21.4% |
| Tsuzuki Denki 8157.T | Japan | $395M | +9% | +8% | 7% | n/a | -9.2% | -2.9% |
| Softcreate 3371.T | Japan | $328M | +9% | +12% | 18% | n/a | -12.5% | +7.2% |
| Weihai Huadong Automation 002248.SZ | China | $396M | -34% | +1% | 8% | n/a | 36.8% | +10.1% |
| Carlsmed CARL | United States | $396M | +48% | +65% | -61% | n/a | n/a | n/a |
| Lians Technology 300051.SZ | China | $399M | -57% | -50% | -114% | 7.6× | n/a | n/a |
| NCC NCC.L | United Kingdom | $324M | +18% | -38% | -10% | 28.9× | -4.1% | -2.0% |
Telos reported $56.5M of remaining performance obligations at 30 Jun 2026, up 9% from a year earlier and down 9% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.89.