Telos Corp (NASDAQ: TLS)

Telos Corp offers technology solutions and services designed to empower and protect security-conscious organizations. The company specializes in cybersecurity, identity management, and secure network solutions, catering primarily to government and commercial sectors. Headquartered in Ashburn, Virginia, Telos Corp operates in the technology industry, focusing on delivering secure and efficient solutions that address evolving threats and regulatory requirements.

Telos Corp generates revenue through its two primary business segments: Security Solutions and Secure Networks. The Security Solutions segment offers cybersecurity, cloud, identity, and secure messaging solutions, while the Secure Networks segment provides secure networking architectures and solutions. Key products and services include Xacta, a cyber governance, risk, and compliance automation platform, Telos Automated Message Handling System (Telos AMHS) for mission-critical communications, and various identity solutions such as TSA PreCheck enrollment services, IDVetting, and Aviation Channeling Services (ACS). The company's customer base includes the U.S. federal government, large commercial organizations, and international customers, with a significant portion of its revenue derived from the U.S. federal government.

• Security Solutions Segment: This segment delivers cybersecurity, cloud, identity, and secure messaging solutions that help government and commercial customers protect critical systems, manage cyber risk, and operate securely in complex and regulated environments. Key products include Xacta, a cyber GRC automation platform designed to help customers meet complex challenges of managing cyber risk and security compliance. The segment also offers Cybersecurity Services, Telos AMHS for organizational message distribution and management, and Telos Identity Solutions for secure identity verification and biometric enrollment. The Security Solutions segment represented 90.8% and 70.9% of total revenues for fiscal years 2025 and 2024, respectively

• Secure Networks Segment: This segment focuses on enterprise security, providing secure networking architectures and solutions through secure mobility solutions and network management and defense services. The segment offers solutions for business and government that enable work off-premise and minimize operational and security concerns. Key services include Secure Mobility and Network Management and Defense, which provide the complete spectrum of managed services needed for operating, maintaining, and defending complex enterprise networks. The Secure Networks segment represented 9.2% and 29.1% of total revenues for fiscal years ended December 31, 2025, and 2024, respectively

Telos Corp operates in a competitive market for cybersecurity, governance, risk, and compliance software, secure network solutions, and digital identity services. The market is fragmented, with no single company or small group of companies holding a dominant position. Competitors include large defense contractors that offer overlapping capabilities across multiple service areas, as well as smaller specialty firms focused on risk and compliance management, organizational messaging, information security consulting, and secure network solutions. The company competes primarily on the basis of its technical capabilities, experience serving security-conscious government and commercial customers, ability to obtain and maintain required security clearances, quality and reliability of its solutions, and capacity to anticipate and respond to emerging technological requirements.

Telos Corp's primary customers include the U.S. federal government, large commercial businesses, state and local governments, and international customers. The company's consolidated revenues are largely attributable to prime contracts or subcontracts with contractors engaged in work for the U.S. federal government. Key U.S. federal government customers include the Department of War (DoW), the intelligence community (IC), and multiple civilian and public sector agencies such as the Department of Homeland Security (DHS), the Department of Justice, the Department of Energy, the General Services Administration, the Department of the Interior, the Social Security Administration, and the Environment Protection Agency. The company also serves some of the largest technology, communications, and professional services companies in the U.S.