Telos (TLS) Operating Expenses (2010 - 2026)
Telos' (TLS) quarterly Operating Expenses came in at $16.4 million in Q2 2026, down 24.9% on a YoY basis from $21.8 million in Q2 2025, and up 2.9% quarter-over-quarter from $15.9 million in Q1 2026.
Analysis
Telos (TLS) Operating Expenses (2010 - 2026) Analysis & Trends
Telos (TLS) has reported Operating Expenses for 17 consecutive years, with $16.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 24.9% year-over-year to $16.4 million; the trailing twelve-month figure through Jun 2026 stood at $90.2 million (down 5.64% YoY), and the FY2025 full-year result was $100.9 million, up 11.73% from the prior year.
- Operating Expenses grew to $16.4 million in Q2 2026 per TLS's latest filing, from $15.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $40.7 million in Q1 2022 and bottomed at $15.9 million in Q1 2026.
- Historically, Operating Expenses has averaged $26.0 million across 5 years, with a median of $22.5 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses slumped 45.03% in 2023, then jumped 69.7% in 2025.
- Over 5 years, Operating Expenses stood at $36.5 million in 2022, then tumbled by 38.99% 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 tumbled by 53.01% to $16.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $16.4 million, $15.9 million, and $34.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thomson Reuters | 44.45 Bn | 43.40 Bn | - | -1.21 Bn |
| 2 | Docusign | 12.44 Bn | 11.66 Bn | 697.87 Mn | 580.25 Mn |
| 3 | Workiva | 4.11 Bn | 3.30 Bn | 205.27 Mn | 193.60 Mn |
| 4 | Vertex | 2.09 Bn | 1.86 Bn | 131.30 Mn | 135.74 Mn |
| 5 | Donnelley Financial Solutions | 1.25 Bn | 1.22 Bn | 148.00 Mn | 78.10 Mn |
| 6 | Clarivate | 1.22 Bn | 1.00 Bn | 401.80 Mn | 787.50 Mn |
| 7 | Legalzoom.Com | 1.03 Bn | 861.57 Mn | 139.93 Mn | 129.28 Mn |
| 8 | Telos | 350.51 Mn | 299.86 Mn | 16.69 Mn | 16.38 Mn |
| 9 | CS Disco | 262.79 Mn | 161.40 Mn | 32.11 Mn | 41.33 Mn |
| 10 | Audioeye | 99.60 Mn | 90.88 Mn | 8.45 Mn | 9.05 Mn |
Historic Data
Download Data
Historic 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 | 36.51 Mn |
| Sep 30, 2022 | 33.71 Mn |
| Jun 30, 2022 | 39.71 Mn |
| Mar 31, 2022 | 40.67 Mn |
| Dec 31, 2021 | 34.98 Mn |
| Sep 30, 2021 | 35.33 Mn |