| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 50,230 | 53,180 | 59,050 | 56,998 |
| Accounts receivable, net | 16,425 | 17,000 | 20,423 | 19,105 |
| Inventories, net | NaN | NaN | 3,378 | 4,176 |
| Prepaid expenses | 10,963 | 10,565 | 12,825 | 15,772 |
| Deferred program expenses | 14,326 | 10,006 | 5,882 | 5,860 |
| Other current assets | 3,681 | 3,662 | 1,274 | 865 |
| Total current assets | 95,625 | 94,413 | 102,832 | 102,776 |
| Property and equipment, net | 2,694 | 3,071 | 3,489 | 3,477 |
| Finance lease right-of-use assets, net | 3,865 | 4,170 | 4,476 | 4,781 |
| Operating lease right-of-use assets, net | 354 | 410 | 464 | 518 |
| Goodwill | 3,006 | 3,006 | 17,922 | 17,922 |
| Intangible assets, net | 29,808 | 30,281 | 31,246 | 31,568 |
| Other assets | 4,543 | 4,513 | 3,852 | 4,000 |
| Total assets | 139,895 | 139,864 | 164,281 | 165,042 |
| Accounts payable | 2,583 | 4,087 | 2,779 | NaN |
| Other current liabilities | NaN | NaN | NaN | 1,597 |
| Accrued liabilities | 6,614 | 6,900 | 7,140 | NaN |
| Accrued compensation and benefits | 7,363 | 12,309 | 11,402 | 8,636 |
| Contract liabilities current portion | 18,096 | 11,223 | 13,732 | 12,951 |
| Accounts payable and other accrued liabilities | NaN | NaN | NaN | 13,375 |
| Finance lease obligations current portion | 2,072 | 2,033 | 1,993 | 1,954 |
| Operating lease obligations current portion | 254 | 232 | 226 | 220 |
| Total current liabilities | 36,982 | 36,784 | 37,272 | 38,733 |
| Contract liabilities non-current portion | 951 | 1,124 | NaN | NaN |
| Finance lease obligations non-current portion | 5,078 | 5,608 | 6,132 | 6,650 |
| Operating lease obligations non-current portion | 125 | 186 | 246 | 305 |
| Deferred income taxes | 55 | 53 | 854 | 840 |
| Other liabilities | 173 | 159 | 102 | 101 |
| Total liabilities | 43,364 | 43,914 | 44,606 | 46,629 |
| Common stock, 0.001 par value, 250,000,000 shares authorized, 74,819,175 shares and 72,773,272 shares issued and outstanding as of march31, 2026, and december31, 2025, respectively | 113 | 111 | 111 | 111 |
| Additional paid-in capital | 458,392 | 459,828 | 467,191 | 463,816 |
| Accumulated other comprehensive loss | -104 | -96 | -45 | -46 |
| Accumulated deficit | -361,870 | -363,893 | -347,582 | -345,468 |
| Total stockholders equity | 96,531 | 95,950 | 119,675 | 118,413 |
| Total liabilities and stockholders equity | 139,895 | 139,864 | 164,281 | 165,042 |
TELOS CORP (TLS)
TELOS CORP (TLS)