Telos Reports Strong FY2025 Turnaround with 52% Revenue Growth, Positive Adjusted EBITDA, and Expanded $50.1M Share Buyback
TLS has more than doubled off its 52-week low of $1.83 on elevated volume (4.7× avg).
Summary
Telos reported a strong financial rebound in FY2025 with 52.2% revenue growth, a shift to positive Adjusted EBITDA, and a significant increase in operating cash flow, alongside an expanded share repurchase authorization.
Key Events · Earnings and Guidance · TLS
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Strong Revenue Growth
Total revenue increased by 52.2% to $164.8 million in fiscal year 2025, up from $108.3 million in 2024, primarily driven by a 94.9% growth in the Security Solutions segment.
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Shift to Positive Adjusted EBITDA
The company achieved a positive Adjusted EBITDA of $18.1 million in 2025, a significant improvement from a negative $9.6 million in 2024.
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Major Improvement in Operating Cash Flow
Cash flow from operations swung to a positive inflow of $30.2 million in 2025, compared to an outflow of $25.9 million in 2024.
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Expanded Share Repurchase Program
On March 12, 2026, the Board authorized an additional $25.0 million for share repurchases, bringing the total remaining authorization to $50.1 million. The company repurchased 3.1 million shares for $13.6 million in 2025.
Analysis · TLS · Technology
Telos Corporation's 2025 annual report reveals a significant financial turnaround, driven by robust growth in its Security Solutions segment. The company achieved a substantial increase in revenue, a shift to positive Adjusted EBITDA, and a strong improvement in operating cash flow. This positive momentum is further reinforced by the Board's authorization of an additional $25.0 million for share repurchases, signaling confidence in future performance and commitment to shareholder returns. While the Secure Networks segment experienced a significant goodwill impairment and the revolving credit facility was reduced, the overall financial health and strategic direction appear positive, with new liquidity options also secured. Investors should monitor the continued growth of the Security Solutions segment and the execution of the share repurchase program.
At the time of this filing, TLS was trading at $4.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $303.9M. The 52-week trading range was $1.83 to $8.36. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.