Telos Q3 2026 Earnings Call Transcript - Telos (NASDAQ:TLS)

Telos (NASDAQ: TLS) reported third-quarter 2026 results on Monday, with revenue of $55.2 million—up 7% year over year and above guidance of $49.2 million to $50.6 million. Adjusted EBITDA was $10.6 million, exceeding guidance of $6 million to $6.8 million and setting the highest quarterly adjusted EBITDA since the company’s IPO in 2020. Telos raised full-year guidance to $198.2 million–$200.7 million in revenue and $32.3 million–$34.1 million in adjusted EBITDA, citing strength in Information Assurance and higher TSA PreCheck transaction volumes. The company plans to phase out low-margin third-party software sales, forecasting a $32 million 2027 revenue headwind, while pursuing higher-margin wins.