Telos (TLS)
Provides cyber compliance, identity enrollment, and secure-network tools for federal and commercial customers.
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Sells Security Solutions and Secure Networks products across cyber GRC, identity enrollment, secure messaging, biometrics, and managed secure networks. Revenue is concentrated in U.S. federal customers, tying the business to federal program demand and Secure Networks backlog.
Provides cyber, cloud, identity, secure-messaging, and secure-network products for security-sensitive organizations. Security Solutions houses Xacta cyber GRC automation, Telos ID and TSA PreCheck enrollment, ONYX biometrics, AMHS messaging, and Telos Ghost private network access.
Operates from Ashburn with a business base concentrated in U.S. federal customers, while also serving commercial, state and local, and international users. Secure Networks covers secure mobility, network design and management, and defensive cyber services.
Execution depends on regulated authorization workflows, identity enrollment demand, and federal program timing. Secure Networks has also faced backlog contraction, making that segment a smaller and more cyclical part of the portfolio.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Wedbush | Downgrade | ||
| Sep 10, 2026 | Wedbush | Downgrade | Target: — | Target: $5 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $50.6M · Total debt $7.0M · Total assets $139.7M · Shareholders' equity $93.4M
- Revenue
- $47.7M
- Operating income
- $310.0K
- Net income
- $660.0K
No dividends on record.
| Institutions | ≈ 68.08% | 50.88M shares | |
|---|---|---|---|
| 163 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 52.10% | 38.94M shares | |
| 15 holders · as of Sep 21, 2026 | |||
| Adds to | 120.18% | ||
74.74M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 120.18%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
John B. Wood1,2Insiderdirector, officer: Chairman and CEO | 17.81% | 6.82M · 6.60M | filed Sep 21, 2026 |
John PorterInsider | 16.78% | 12.54M | filed Apr 7, 2021 |
Brian PadgettInsider | 12.77% | 9.54M | filed Feb 8, 2022 |
Barclays PLCInstitution | 12.66% | 9.46M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.82% | 4.35M | as of Jun 30, 2026 |
- John B. Wood's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.82M) less the 96.2K net shares sold since is used instead.
- John B. Wood reports a block also reported by Mirae Asset Global Etfs Holdings Ltd.; it is counted once, under Mirae Asset Global Etfs Holdings Ltd.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 21, 2026 | John B. Wood | director, officer: Chairman and CEO | −96,151 | $4.05 |
| Sep 18, 2026 | Gary Mark Bendza | officer: EVP, CFO | −174,539 | $4.05 |
| Sep 11, 2026 | Gary Mark Bendza | officer: EVP, CFO | −25,461 | $4.33 |
| Sep 9, 2026 | Gary Mark Bendza | officer: EVP, CFO | −200,000 | $4.55 |
| Sep 2, 2026 | Edward Hutchinson Jr. Robbins | officer: EVP, General Counsel | −62,398 | $4.73 |
- Leidos
Large federal IT and cyber integrator for mission networks
- Booz Allen Hamilton
Federal cyber, AI, and digital consulting rival
- CACI
National-security cyber and enterprise IT competitor
- Science Applications International
Government mission IT and secure modernization peer
- ServiceNow
GRC and security-workflow platform rival to Xacta
- Parsons
Federal cyber and critical-infrastructure security peer
- Clear Secure
TSA PreCheck and biometric identity enrollment rival
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Telos | $3.97 | −1.61% | $301.5M | — | 28.9 | 1.6 | +32.7% |
| Leidos | $124.01 | −3.29% | $16.13B | 12.0 | 10.3 | 0.9 | +7.2% |
| Booz Allen Hamilton | $76.72 | −0.85% | $9.31B | 12.1 | 12.3 | 0.8 | −4.2% |
| CACI | $620.85 | −1.90% | $13.98B | 26.2 | 18.9 | 1.5 | +17.6% |
| Science Applications International | $130.70 | −1.99% | $5.64B | 15.6 | 12.8 | 0.8 | +6.3% |
| ServiceNow | $136.23 | −1.05% | $142.34B | 86.0 | 30.0 | 9.7 | +24.0% |
| Parsons | $44.46 | −1.92% | $4.84B | 31.3 | 13.4 | 0.8 | −0.5% |
| Clear Secure | $37.74 | −3.87% | $3.95B | 26.5 | 17.6 | 3.9 | +26.6% |
| Median | 26.2 | 13.4 | 0.9 | +7.2% |