Telos (TLS) Operating Expenses (2010 - 2026)
Telos (TLS) reported Operating Expenses of $15.9 million for Q1 2026, down 24.92% on a YoY basis from $21.2 million in Q1 2025, and down 54.34% quarter-over-quarter from $34.9 million in Q4 2025.
Telos (TLS) Operating Expenses (2010 - 2026) Analysis & Trends
Telos has reported Operating Expenses for 17 years, with the latest figure at $15.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 24.92% year-over-year to $15.9 million; the trailing twelve-month figure through Mar 2026 stood at $95.6 million (up 3.81% YoY), and the FY2025 full-year result was $100.9 million, up 11.73% from the prior year.
- Operating Expenses for Q1 2026 stood at $15.9 million, down from $34.9 million in the prior quarter.
- The five-year high for Operating Expenses was $40.7 million in Q1 2022, with the low at $15.9 million in Q1 2026.
- Historically, Operating Expenses has averaged $26.1 million across 5 years, with a median of $22.7 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 44.68% — and 2025, when it soared 69.7%.
- Telos' Operating Expenses stood at $36.0 million in 2022, then plunged by 38.09% 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Telos | 326.66 Mn | 276.43 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 | 35.98 Mn |
| Sep 30, 2022 | 26.69 Mn |
| Jun 30, 2022 | 39.45 Mn |
| Mar 31, 2022 | 40.67 Mn |
| Dec 31, 2021 | 34.41 Mn |
| Sep 30, 2021 | 34.83 Mn |
| Jun 30, 2021 | 34.96 Mn |