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Telos Corporation TLS Impairment loss on intangible assets — Goodwill impairment

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Revenues
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Other financials

Income statement

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Revenue$47.7M+32.7%
Gross profit$16.7M+39.9%
Operating income$310.0K+103%
Net income$660.0K+107%
EPS (diluted)$0.01+108%

Balance sheet

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Cash & equivalents$50.6M-11.1%
Total debt$7.0M-23.7%
Total equity$93.4M-21.1%
Total assets$139.7M-15.3%

Cash flow

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Operating cash flow$8.8M+27.1%
CapEx$246.0K+83.6%
Free cash flow$8.6M+26.0%

Valuation

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Market cap$301.52M+72.4%
Enterprise value$257.84M+103%
P/S1.6×+0.1×

Profitability

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Gross margin36.6%+4.2pp
Operating margin-9.9%-4.4pp
Net margin-8.1%-3.7pp
FCF margin17.4%+14.0pp

Returns & leverage

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Return on equity-14.9%-5.8pp
Debt / equity0.1×0.0×
Current ratio2.4×-0.3×

Where this comes from

Reported directly by Telos Corporation in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Telos Corporation’s 10-K, filed March 16, 2026.

Filed
Mar 16, 2026, 4:01 PM EDT
Fiscal year
FY2025
Accession
0000320121-26-000010
Line itemSecurity SolutionsSecure NetworksTotal
Balance at December 31, 2024$3,006$14,916$17,922
Impairment losses(14,916)(14,916)
Balance at December 31, 2025$3,006$3,006

Item 8. Consolidated Financial Statements and Supplementary Data

FAQ

What is Telos Corporation's impairment loss on intangible assets — goodwill impairment?
Telos Corporation (TLS) reported impairment loss on intangible assets — goodwill impairment of $3.73M in Q4 2025.
What does impairment loss on intangible assets — goodwill impairment mean?
This metric quantifies the reduction in the carrying value of goodwill when its fair value falls below its recorded book value within the business segment. Such an impairment charge indicates that the expected economic benefits from past acquisitions have diminished, often due to underperformance or adverse market shifts. It serves as a critical indicator of potential overpayment for assets or a decline in the segment's long-term growth prospects.

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