Telos posted a 77% revenue surge in Q4 2025, driven by ID and federal growth, with strong profits and buybacks, projecting 14%-21% 2026 growth.

Telos reported a 77% revenue increase in Q4 2025 to $46.8 million, surpassing guidance, driven by Telos ID and federal program growth. Adjusted net income reached $7.3 million, above forecast, with a 15.6% margin and 13.4% free cash flow margin. The company repurchased $13.6 million in shares and raised its buyback authorization to $75 million. Full-year revenue rose 52% to $164.8 million. Despite a $16.4 million charge from goodwill impairment and restructuring in Secure Networks, management cited strong pipeline activity and projected 14%-21% revenue growth for 2026, with adjusted EBITDA expected to expand.