Telos Corporation

Telos Corporation (NASDAQ: TLS), headquartered in Ashburn, Virginia, is a long-established cybersecurity and IT company, founded in 1968, whose flagship product, Xacta, is widely credited as one of the original commercial products in the cyber governance, risk, and compliance (GRC) category. Xacta automates the assessment, authorization, and continuous-monitoring workflows that US federal agencies and contractors must run to get systems approved for an Authority to Operate under government risk management frameworks, work that was historically done manually with spreadsheets and documents.

The company’s business is heavily concentrated in the US federal government and defense sector, giving it deep domain credibility in that specific compliance workflow but also meaningful customer concentration risk relative to vendors selling broadly across commercial industries. In late 2025 and into 2026 Telos pushed Xacta toward AI-assisted compliance with the launch of Xacta.ai, aimed at cutting the time it takes to complete compliance assessments, and the platform has continued to add FedRAMP High authorization for its newer modules, an independently audited government security certification rather than a marketing claim.

As a public company with roughly 500 employees and decades of government contract history, Telos has a level of operating transparency, through SEC filings and investor disclosures, that most private GRC vendors lack, though its stock and revenue performance over the past several years have been mixed as the company works through a strategic pivot away from some legacy government IT services lines toward its core cyber risk and Xacta business.