Telos (TLS) Operating Expenses (2010 - 2026)
Telos (TLS) posted Operating Expenses of $15.9 million for Q1 2026, down 54.34% on a QoQ basis from $34.9 million in Q4 2025, and down 24.92% year-over-year from $21.2 million in Q1 2025.
Telos (TLS) Operating Expenses (2010 - 2026) Analysis & Trends
Telos' Operating Expenses history runs 17 years deep, the most recent figure standing at $15.9 million for 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 was $15.9 million for Q1 2026 at Telos, down from $34.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $34.9 million in Q4 2025 and bottomed at $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 tumbled 32.91% — and 2025, when it soared 69.7%.
- Telos' Operating Expenses stood at $29.4 million in 2022, then fell by 24.28% to $22.3 million in 2023, then retreated by 7.76% to $20.5 million in 2024, then surged by 69.7% to $34.9 million in 2025, then plunged by 54.34% to $15.9 million in 2026.
- Business Quant data shows TLS's Operating Expenses at $15.9 million in Q1 2026, $34.9 million in Q4 2025, and $23.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Telos | 336.63 Mn | 286.40 Mn | 17.38 Mn | 15.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 45.05 Mn |