NASDAQ : TENB
Tenable Holdings, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 50.75 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.32B
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Financial statements
Tenable Holdings, Inc. (TENB) reported revenue of 1.07B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.07B | 999.40M | 900.02M | 798.71M | 683.19M | 541.13M |
| Cost of Revenue | 233.62M | 218.94M | 199.67M | 183.58M | 154.79M | 106.40M |
| Gross Profit | 833.86M | 780.47M | 700.35M | 615.13M | 528.40M | 434.73M |
| Selling, General & Admin | 549.55M | 541.88M | 517.56M | 503.04M | 450.01M | 353.17M |
| Research & Development | 229.85M | 221.89M | 181.64M | 150.28M | 143.56M | 116.43M |
| Operating Expenses | 779.39M | 763.77M | 699.21M | 653.32M | 593.58M | 469.60M |
| Operating Income | 54.47M | 16.70M | 1.15M | -38.19M | -65.17M | -34.87M |
| Interest Expense | -28.17M | -28.42M | -31.92M | -31.34M | -19.00M | -7.50M |
| Interest & Investment Income | 11.32M | 15.99M | 23.32M | 24.70M | 6.28M | 606.00K |
| Currency Exchange Gain (Loss) | -1.60M | -1.60M | -5.00M | -3.10M | -4.76M | -1.97M |
| Other Non Operating Income (Expenses) | -1.38M | 280.00K | 113.00K | 115.00K | ||
| EBT Excluding Unusual Items | 34.64M | 2.95M | -12.34M | -47.81M | -82.65M | -43.73M |
| Merger & Restructuring Charges | -6.87M | -10.37M | -8.00M | -13.97M | -2.64M | -6.90M |
| Gain (Loss) on Sale of Investments | -18.00K | -18.00K | 1.45M | -5.62M | ||
| Other Unusual Items | -900.00K | -15.50M | ||||
| Pretax Income | 26.85M | -22.93M | -18.89M | -67.40M | -85.29M | -50.63M |
| Income Tax Expense | 11.07M | 13.19M | 17.41M | 10.88M | 6.93M | -3.95M |
| Net Income | 15.78M | -36.12M | -36.30M | -78.28M | -92.22M | -46.68M |
| Net Income to Common | 15.78M | -36.12M | -36.30M | -78.28M | -92.22M | -46.68M |
| Shares Outstanding (Basic) | 113.62M | 120.12M | 118.79M | 115.41M | 111.32M | 106.39M |
| Shares Outstanding (Diluted) | 116.58M | 120.12M | 118.79M | 115.41M | 111.32M | 106.39M |
| EPS (Basic) | 0.14 | -0.30 | -0.31 | -0.68 | -0.83 | -0.44 |
| EPS (Diluted) | 0.13 | -0.30 | -0.31 | -0.68 | -0.83 | -0.44 |
| Free Cash Flow | 280.44M | 254.65M | 213.23M | 148.15M | 121.79M | 92.88M |
| Free Cash Flow Per Share | 2.41 | 2.12 | 1.79 | 1.28 | 1.09 | 0.87 |
| Gross Margin | 78.11% | 78.09% | 77.81% | 77.02% | 77.34% | 80.34% |
| Operating Margin | 5.10% | 1.67% | 0.13% | -4.78% | -9.54% | -6.44% |
| Profit Margin | 1.48% | -3.61% | -4.03% | -9.80% | -13.50% | -8.63% |
| Free Cash Flow Margin | 26.27% | 25.48% | 23.69% | 18.55% | 17.83% | 17.16% |
| EBITDA | 69.70M | 32.66M | 14.86M | -11.08M | -42.98M | -18.70M |
| EBITDA Margin | 6.53% | 3.27% | 1.65% | -1.39% | -6.29% | -3.45% |
| D&A For EBITDA | 15.23M | 15.96M | 13.71M | 27.11M | 22.19M | 16.17M |
| EBIT | 54.47M | 16.70M | 1.15M | -38.19M | -65.17M | -34.87M |
| EBIT Margin | 5.10% | 1.67% | 0.13% | -4.78% | -9.54% | -6.44% |
| Advertising Expenses | 19.80M | 13.80M | 16.20M | 13.60M | 13.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 317.40M | 187.76M | 328.65M | 237.13M | 300.87M | 278.00M |
| Short-Term Investments | 177.86M | 214.42M | 248.55M | 236.84M | 266.57M | 234.29M |
| Cash & Short-Term Investments | 495.26M | 402.18M | 577.19M | 473.97M | 567.43M | 512.29M |
| Receivables | 211.02M | 279.15M | 258.73M | 220.06M | 187.34M | 136.60M |
| Prepaid Expenses | 55.34M | 39.34M | 53.03M | 61.88M | 58.12M | 60.23M |
| Other Current Assets | 50.56M | 52.91M | 51.79M | 49.56M | 44.27M | 40.31M |
| Total Current Assets | 812.18M | 773.58M | 940.75M | 805.47M | 857.17M | 749.44M |
| Property, Plant & Equipment | 90.45M | 75.62M | 84.40M | 80.27M | 85.22M | 75.36M |
| Long-Term Investments | 7.70M | 8.57M | 9.38M | 15.00M | ||
| Goodwill | 697.89M | 697.89M | 541.29M | 518.54M | 316.52M | 261.61M |
| Other Intangible Assets | 94.95M | 115.30M | 94.46M | 107.02M | 75.38M | 71.54M |
| Long-Term Deferred Charges | 64.59M | 71.72M | 67.91M | 72.39M | 67.24M | 59.64M |
| Other Long-Term Assets | 12.95M | 5.86M | 4.73M | 13.79M | 23.01M | 31.23M |
| Total Assets | 1.77B | 1.75B | 1.74B | 1.61B | 1.44B | 1.25B |
| Accounts Payable | 26.59M | 21.89M | 19.98M | 16.94M | 18.72M | 16.25M |
| Accrued Expenses | 55.62M | 69.17M | 55.78M | 66.49M | 52.62M | 54.05M |
| Current Portion of Long-Term Debt | 2.50M | |||||
| Current Portion of Leases | 9.30M | 9.60M | 6.80M | 5.97M | 5.82M | 2.32M |
| Current Unearned Revenue | 685.38M | 706.87M | 650.37M | 580.78M | 502.12M | 407.50M |
| Other Current Liabilities | 2.03M | 2.93M | 5.15M | 5.66M | 4.88M | 3.76M |
| Total Current Liabilities | 778.92M | 812.95M | 738.09M | 675.84M | 584.16M | 483.88M |
| Long-Term Debt | 779.02M | 354.21M | 356.70M | 359.28M | 361.97M | 364.73M |
| Long-Term Leases | 52.77M | 50.88M | 56.22M | 48.06M | 52.61M | 55.05M |
| Long-Term Unearned Revenue | 178.05M | 192.41M | 182.81M | 169.72M | 162.49M | 123.39M |
| Other Long-Term Liabilities | 10.73M | 10.85M | 8.33M | 7.63M | 7.44M | 6.46M |
| Total Liabilities | 1.80B | 1.42B | 1.34B | 1.26B | 1.17B | 1.03B |
| Common Stock | 1.34M | 1.29M | 1.22M | 1.18M | 1.13M | 1.09M |
| Additional Paid-In Capital | 1.68B | 1.59B | 1.37B | 1.19B | 1.02B | 869.06M |
| Retained Earnings | -880.94M | -897.45M | -861.34M | -825.03M | -746.75M | -654.53M |
| Treasury Stock | -828.27M | -364.57M | -114.91M | -14.93M | ||
| Comprehensive Income & Other | -638.00K | 387.00K | 318.00K | 38.00K | -1.35M | -306.00K |
| Total Common Equity | -26.47M | 326.38M | 399.95M | 346.34M | 270.87M | 215.31M |
| Shareholders' Equity | -26.47M | 326.38M | 399.95M | 346.34M | 270.87M | 215.31M |
| Total Liabilities & Equity | 1.77B | 1.75B | 1.74B | 1.61B | 1.44B | 1.25B |
| Total Debt | 841.09M | 417.18M | 419.73M | 413.31M | 420.40M | 422.09M |
| Net Cash (Debt) | -345.83M | -15.00M | 157.46M | 60.66M | 147.03M | 90.20M |
| Net Cash Per Share | -2.97 | -0.12 | 1.33 | 0.53 | 1.32 | 0.85 |
| Filing Date Shares Outstanding | 104.86M | 114.89M | 120.30M | 118.12M | 113.65M | 109.78M |
| Total Common Shares Outstanding | 104.86M | 118.45M | 119.70M | 117.15M | 113.06M | 108.93M |
| Working Capital | 33.27M | -39.37M | 202.65M | 129.63M | 273.01M | 265.56M |
| Book Value Per Share | -0.25 | 2.76 | 3.34 | 2.96 | 2.40 | 1.98 |
| Tangible Book Value | -819.31M | -486.81M | -235.80M | -279.21M | -121.03M | -117.84M |
| Tangible Book Value Per Share | -7.81 | -4.11 | -1.97 | -2.38 | -1.07 | -1.08 |
| Machinery | 5.83M | 5.14M | 6.51M | 5.94M | 5.94M | |
| Leasehold Improvements | 33.05M | 24.52M | 29.35M | 28.21M | 26.71M | |
| Order Backlog | 159.90M | 33.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 15.78M | -36.12M | -36.30M | -78.28M | -92.22M | -46.68M |
| Depreciation & Amortization | 15.23M | 15.96M | 13.71M | 27.11M | 22.19M | 16.17M |
| Other Amortization | 27.44M | 27.44M | 20.85M | 1.27M | 1.30M | 903.00K |
| Asset Writedown & Restructuring Costs | 4.53M | |||||
| Loss (Gain) From Sale of Investments | -1.73M | -3.11M | -9.05M | -2.71M | -1.20M | 581.00K |
| Stock-Based Compensation | 185.92M | 191.81M | 163.51M | 145.33M | 120.63M | 79.41M |
| Other Operating Activities | 6.67M | 3.86M | 6.51M | 2.18M | 2.62M | -8.04M |
| Change in Accounts Receivable | -9.57M | -18.24M | -38.73M | -30.04M | -51.26M | -17.23M |
| Change in Accounts Payable | 9.88M | 12.15M | -8.26M | 7.07M | 409.00K | 24.33M |
| Change in Unearned Revenue | 52.92M | 58.36M | 82.58M | 81.75M | 132.62M | 92.49M |
| Change in Other Net Operating Assets | -14.32M | 14.64M | 18.12M | -3.82M | -3.95M | -45.17M |
| Operating Cash Flow | 288.23M | 266.75M | 217.48M | 149.85M | 131.15M | 96.77M |
| Capital Expenditures | -7.80M | -12.10M | -4.25M | -1.70M | -9.36M | -3.89M |
| Cash Acquisitions | -196.18M | -29.16M | -243.30M | -66.77M | -258.46M | |
| Sale (Purchase) of Intangibles | -13.51M | -4.47M | -6.45M | -7.05M | -9.79M | -2.67M |
| Investment in Securities | 34.26M | 38.18M | -1.57M | 39.44M | -42.12M | -126.56M |
| Investing Cash Flow | 12.95M | -174.58M | -41.43M | -212.62M | -128.04M | -391.59M |
| Long-Term Debt Issued | 375.00M | |||||
| Long-Term Debt Repaid | -3.75M | -3.75M | -3.75M | -3.75M | ||
| Net Debt Issued (Repaid) | 439.06M | -3.75M | -3.75M | -3.75M | -3.75M | 375.00M |
| Issuance of Common Stock | 17.81M | 19.10M | 24.33M | 19.73M | 26.51M | 32.00M |
| Repurchase of Common Stock | -525.65M | -249.45M | -99.98M | -14.93M | ||
| Other Financing Activities | -85.23M | 210.00K | 556.00K | -9.36M | ||
| Financing Cash Flow | -154.01M | -234.09M | -79.40M | 1.25M | 23.32M | 397.65M |
| Foreign Exchange Rate Adjustments | -1.62M | 1.04M | -5.13M | -2.23M | -3.83M | -3.01M |
| Net Cash Flow | 145.55M | -140.88M | 91.52M | -63.73M | 22.59M | 99.81M |
| Free Cash Flow | 280.44M | 254.65M | 213.23M | 148.15M | 121.79M | 92.88M |
| Free Cash Flow Margin | 26.27% | 25.48% | 23.69% | 18.55% | 17.83% | 17.16% |
| Free Cash Flow Per Share | 2.41 | 2.12 | 1.79 | 1.28 | 1.09 | 0.87 |
| Levered Free Cash Flow | 262.71M | 273.02M | 197.52M | 171.25M | 116.56M | 128.71M |
| Unlevered Free Cash Flow | 278.88M | 289.34M | 216.12M | 189.57M | 127.14M | 132.50M |
| Cash Interest Paid | 26.84M | 26.84M | 30.98M | 34.32M | 16.05M | 4.98M |
| Cash Income Tax Paid | 11.80M | 11.80M | 15.18M | 8.98M | 10.58M | 6.48M |
| Change in Working Capital | 38.91M | 66.92M | 53.71M | 54.96M | 77.82M | 54.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.32B | 2.81B | 4.73B | 5.39B | 4.29B | 5.92B |
| Enterprise Value | 5.67B | 2.84B | 4.59B | 5.11B | 4.17B | 5.69B |
| Last Close Price | 50.75 | 23.53 | 39.38 | 46.06 | 38.15 | 55.07 |
| Forward PE | 21.47 | 13.94 | 28.36 | 65.47 | 91.33 | 216.30 |
| PS Ratio | 4.99 | 2.81 | 5.26 | 6.74 | 6.28 | 10.93 |
| PB Ratio | 8.60 | 11.83 | 15.55 | 15.85 | 27.48 | |
| P/FCF Ratio | 18.98 | 11.03 | 22.19 | 36.35 | 35.24 | 63.71 |
| P/OCF Ratio | 18.46 | 10.53 | 21.75 | 35.94 | 32.73 | 61.15 |
| PEG Ratio | 1.25 | 1.49 | 3.45 | 4.15 | 10.81 | |
| EV/Sales Ratio | 5.31 | 2.84 | 5.10 | 6.40 | 6.10 | 10.52 |
| EV/EBITDA Ratio | 81.32 | 87.04 | 309.14 | |||
| EV/EBIT Ratio | 104.05 | 170.19 | 4,007.18 | |||
| EV/FCF Ratio | 20.21 | 11.16 | 21.54 | 34.50 | 34.23 | 61.28 |
| Debt / Equity Ratio | -31.77 | 1.28 | 1.05 | 1.19 | 1.55 | 1.96 |
| Debt / EBITDA Ratio | 10.57 | 9.81 | 18.28 | |||
| Debt / FCF Ratio | 3.00 | 1.64 | 1.97 | 2.79 | 3.45 | 4.54 |
| Net Debt / Equity Ratio | -13.06 | 0.05 | -0.39 | -0.17 | -0.54 | -0.42 |
| Net Debt / EBITDA Ratio | 4.96 | 0.46 | -10.60 | 5.47 | 3.42 | 4.82 |
| Net Debt / FCF Ratio | 1.23 | 0.06 | -0.74 | -0.41 | -1.21 | -0.97 |
| Asset Turnover | 0.62 | 0.57 | 0.54 | 0.52 | 0.51 | 0.56 |
| Quick Ratio | 0.91 | 0.84 | 1.13 | 1.03 | 1.29 | 1.34 |
| Current Ratio | 1.04 | 0.95 | 1.27 | 1.19 | 1.47 | 1.55 |
| Return on Equity (ROE) | 9.93% | -9.95% | -9.73% | -25.37% | -37.94% | -25.51% |
| Return on Assets (ROA) | 1.99% | 0.60% | 0.04% | -1.57% | -3.03% | -2.25% |
| Return on Capital Employed (ROCE) | 5.50% | 1.80% | 0.10% | -4.10% | -7.60% | -4.60% |
| Earnings Yield | 0.25% | -1.29% | -0.77% | -1.45% | -2.15% | -0.79% |
| FCF Yield | 5.27% | 9.07% | 4.51% | 2.75% | 2.84% | 1.57% |
| Buyback Yield / Dilution | 3.12% | -1.12% | -2.93% | -3.67% | -4.64% | -5.32% |