Telos Corp Reports Q3 2026 Earnings Beat and Raises Full-Year Guidance
Telos Corporation (TLS) reported third-quarter results that exceeded management guidance for both revenue and profitability. Total revenue reached $55.2 million, a 7% increase driven largely by the performance of Telos ID. Adjusted EBITDA hit a record high of $10.6 million, significantly surpassing the previous guidance range of $6 million to $6.8 million. Following these results, the company raised its full-year revenue and adjusted EBITDA outlooks. Management is currently executing a strategic shift to phase out low-margin third-party software resale, which is expected to create a $32 million revenue headwind in 2027 but will drive significant gross margin expansion. The company also reported strong new business bookings of $58 million within its Information Assurance segment.
Tickers: $TLS
Topics: EBITDA Guidance Financial Results Revenue Growth Share Repurchases