Telos (TLS) Operating Expenses (2010 - 2026)
Telos' (TLS) quarterly Operating Expenses came in at $15.9 million in Q1 2026, down 24.92% YoY from $21.2 million in Q1 2025, and down 54.34% on a QoQ basis from $34.9 million in Q4 2025.
Telos (TLS) Operating Expenses (2010 - 2026) Analysis & Trends
Telos (TLS) has 17 years of Operating Expenses data on file, last reported at $15.9 million in Q1 2026.
- Quarterly Operating Expenses fell 24.92% year-over-year to $15.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $95.6 million (up 3.81% YoY) and the FY2025 annual result came in at $100.9 million, up 11.73% from the prior year.
- Operating Expenses eased to $15.9 million in Q1 2026, from $34.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $34.9 million in Q4 2025 to a low of $15.9 million in Q1 2026.
- A 5-year average of $24.5 million and a median of $22.7 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 32.91% — and 2025, when it soared 69.7%.
- Tracing TLS's Operating Expenses over 5 years: stood at $29.4 million in 2022, then dropped by 24.28% to $22.3 million in 2023, then declined by 7.76% to $20.5 million in 2024, then soared by 69.7% to $34.9 million in 2025, then slumped by 54.34% to $15.9 million in 2026.
- The last three Operating Expenses figures came in at $15.9 million (Q1 2026), $34.9 million (Q4 2025), and $23.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Telos | 329.54 Mn | 278.89 Mn | 16.69 Mn | 16.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.38 Mn |
| Mar 31, 2026 | 15.92 Mn |
| Dec 31, 2025 | 34.87 Mn |
| Sep 30, 2025 | 23.01 Mn |
| Jun 30, 2025 | 21.82 Mn |
| Mar 31, 2025 | 21.20 Mn |
| Dec 31, 2024 | 20.55 Mn |
| Sep 30, 2024 | 32.01 Mn |
| Jun 30, 2024 | 18.35 Mn |
| Mar 31, 2024 | 19.40 Mn |
| Dec 31, 2023 | 22.27 Mn |
| Sep 30, 2023 | 22.71 Mn |
| Jun 30, 2023 | 21.83 Mn |
| Mar 31, 2023 | 26.45 Mn |
| Dec 31, 2022 | 29.41 Mn |
| Sep 30, 2022 | 26.69 Mn |
| Jun 30, 2022 | 30.22 Mn |
| Mar 31, 2022 | 29.81 Mn |
| Dec 31, 2021 | 24.72 Mn |
| Sep 30, 2021 | 25.10 Mn |