TENB
Tenable Holdings, Inc.24.67
-0.08-0.32%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms Tenable One momentum, AI pipeline.
Q&A largely reaffirmed prepared remarks on Tenable One's record 46% new business share and FY26 revenue guide implying 7% growth, while adding color on expansions thriving among large platform customers despite softer $100k+ cohort adds. Management addressed deceleration concerns by noting VM-to-exposure mix shift, but stressed net expansion stabilizing at 105% mid-year, platform ASP uplifts to 80%, and pro services strength from complex deploys. AI exposure cropped up in every CSO conversation, fueling pipeline and incremental budgets. No pricing pressure emerged. Investors will track Tenable One scaling beyond one-third mix for growth inflection.
Key Stats
Market Cap
2.99BP/E (TTM)
-Basic EPS (TTM)
-0.28Dividend Yield
0%Recent Filings
10-K
FY2025 results
Tenable drove FY2025 revenue to $999M, up 11% y/y, with subscriptions climbing 12% to $920M on steady enterprise adoption. Q4 momentum shone through calculated current billings of $1.05B annually, fueled by multi-year deals despite installment billing shifts. Operating loss narrowed to $9M amid R&D ramp-up, while net loss held at $36M; free cash flow stayed robust at $250M derived. Share repurchases hit $362M total, trimming shares 8%. Q4 accelerated customer adds to 1,667 new enterprise logos. Yet geopolitical tensions threaten sales cycles.
8-K
Tenable tops guidance, boosts buybacks
Tenable beat Q4 and full-year 2025 guidance with revenue at $260.5M (up 11% YoY) and $999.4M (up 11% YoY), while unlevered free cash flow hit $277.0M. Board approved $150M share repurchase hike on January 15, 2026, lifting authorization to $338M; repurchased $247.5M shares last year. Cash dipped to $402.2M. Q1 2026 revenue eyed at $257M-$260M.
10-Q
Q3 FY2025 results
Tenable swung to operating income of $7.1M in Q3 ended September 30, 2025, up from a $2.1M loss y/y (derived), on 11% revenue growth to $252.4M driven by 11% subscription gains while gross margin held at 78%. YTD revenue climbed 11% to $738.9M yet showed operating loss of $18.0M versus $19.8M last year, with diluted EPS at -$0.29 reconciling to 120.5M shares. Acquisitions of Vulcan in Feb ($148.5M cash, $115.3M goodwill, $40M tech over 7 years) and Apex in Jun ($47.8M cash, $41.3M goodwill, $6.8M tech over 5 years) boosted capabilities. Cash fell to $171.9M plus $211.7M short-term investments, term loan at $354.8M (due 2028, leverage 0.87); YTD OCF $183.7M minus capex yielded $169.3M FCF (derived). Channel partners drove 94% revenue. AI regulations pose emerging risks.
8-K
Tenable tops Q3 estimates
Tenable beat Q3 expectations with $252.4M revenue, up 11% YoY, and non-GAAP operating margin expanding to 23.3%. Strong Tenable One demand fueled 437 new enterprise customers while GAAP profitability returned at $7.1M operating income. Raised full-year revenue outlook to $988M-$992M. Cash generation holds firm.
8-K
Tenable names new CFO
Tenable appointed Matthew Brown as CFO effective August 21, 2025, succeeding Stephen Vintz, now Co-CEO alongside Mark Thurmond. Brown, 45, brings finance leadership from Altair Engineering, NortonLifeLock, and Symantec. His package includes $455,000 base, 75% target bonus, $7M new-hire RSUs, and future $4.8M annual equity. Leadership refocuses finance amid dual-CEO structure.
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