Telos (TLS) Research & Development (2020 - 2026)
Telos (TLS) recorded Research & Development of $1.35 million in Q2 2026, down 11.0% from $1.51 million a year earlier and down 0.9% from the prior quarter.
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Analysis
Telos (TLS) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, Telos' Research & Development came in at $6.68 million as of Jun 30, 2026, down 3.2% year-over-year; for FY2025, it was $7.06 million, down 16.4% from FY2024.
- Annual Research & Development has declined for four straight years, with a five-year compound annual growth rate of -13.1% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $8.44 million in FY2024 (-28.2%), $11.76 million in FY2023 (-30.5%), $16.92 million in FY2022 (-11.4%) and $19.1 million in FY2021 (+34.1%).
- The Q2 2026 figure is the lowest quarterly Research & Development in data going back to Q1 2020.
- On a year-over-year basis, Research & Development rose in two of the last eight quarters, with an average decline of 14.8%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 52.7% in Q4 2021, against a decline of 59.6% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.36 million (Q1 2026), $2.08 million (Q4 2025) and $1.9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 192.51 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 2.40 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 1.69 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 915.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 23.10 Mn |
| 10 | Telos | 303.43 Mn | 90.32 Mn | 16.69 Mn | 1.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.35 Mn |
| Mar 31, 2026 | 1.36 Mn |
| Dec 31, 2025 | 2.08 Mn |
| Sep 30, 2025 | 1.90 Mn |
| Jun 30, 2025 | 1.51 Mn |
| Mar 31, 2025 | 1.57 Mn |
| Dec 31, 2024 | 1.40 Mn |
| Sep 30, 2024 | 2.41 Mn |
| Jun 30, 2024 | 1.46 Mn |
| Mar 31, 2024 | 3.17 Mn |
| Dec 31, 2023 | 3.48 Mn |
| Sep 30, 2023 | 2.81 Mn |
| Jun 30, 2023 | 2.65 Mn |
| Mar 31, 2023 | 2.83 Mn |
| Dec 31, 2022 | 3.02 Mn |
| Sep 30, 2022 | 3.98 Mn |
| Jun 30, 2022 | 4.49 Mn |
| Mar 31, 2022 | 5.43 Mn |
| Dec 31, 2021 | 4.85 Mn |
| Sep 30, 2021 | 4.86 Mn |
API Access
Telos Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=TLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=TLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();