Free Trial

Tenable (TENB) Financials

Tenable logo
$21.49 +1.04 (+5.09%)
Closing price 04:00 PM Eastern
Extended Trading
$21.13 -0.36 (-1.68%)
As of 07:16 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Tenable

Annual Income Statements for Tenable

This table shows Tenable's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-38 -42 -74 -99 -43 -47 -92 -78 -36 -36
Consolidated Net Income / (Loss)
-37 -41 -74 -99 -43 -47 -92 -78 -36 -36
Net Income / (Loss) Continuing Operations
-37 -41 -74 -99 -43 -47 -92 -78 -36 -36
Total Pre-Tax Income
-36 -41 -71 -86 -37 -51 -85 -67 -19 -23
Total Operating Income
-36 -41 -73 -91 -36 -42 -68 -52 -6.86 -9.17
Total Gross Profit
110 162 224 294 363 435 528 615 700 780
Total Revenue
124 188 267 355 440 541 683 799 900 999
Operating Revenue
124 188 267 355 440 541 683 799 900 999
Total Cost of Revenue
14 26 43 61 78 106 155 184 200 219
Operating Cost of Revenue
14 26 43 61 78 106 155 184 200 219
Total Operating Expenses
146 203 297 385 399 477 596 667 707 790
Selling, General & Admin Expense
20 29 47 69 73 90 103 116 124 146
Marketing Expense
86 116 173 228 224 270 349 393 395 417
Research & Development Expense
40 58 77 87 102 116 144 153 182 224
Restructuring Charge
- - - - - 0.00 0.00 4.50 6.07 3.11
Total Other Income / (Expense), net
-0.53 -0.09 1.42 5.15 -0.64 -8.86 -17 -15 -12 -14
Interest Expense
- 0.08 -2.36 -5.83 0.50 7.50 19 31 32 28
Interest & Investment Income
- - - - 1.74 0.61 6.28 25 23 16
Other Income / (Expense), net
- -0.02 -0.93 -0.68 -1.89 -1.97 -4.76 -8.60 -3.44 -1.34
Income Tax Expense
0.84 0.17 2.36 13 5.66 -3.95 6.93 11 17 13
Basic Earnings per Share
($1.81) ($1.88) ($1.38) ($1.03) ($0.42) ($0.44) ($0.83) ($0.68) ($0.31) ($0.30)
Weighted Average Basic Shares Outstanding
20.97M 22.21M 53.67M 96.01M 101.01M 106.39M 111.32M 115.41M 118.79M 120.12M
Diluted Earnings per Share
($1.81) ($1.88) ($1.38) ($1.03) ($0.42) ($0.44) ($0.83) ($0.68) ($0.31) ($0.30)
Weighted Average Diluted Shares Outstanding
20.97M 22.21M 53.67M 96.01M 101.01M 106.39M 111.32M 115.41M 118.79M 120.12M
Weighted Average Basic & Diluted Shares Outstanding
20.97M 22.21M 53.67M 96.01M 101.01M 109.78M 113.65M 118.12M 120.30M 114.89M

Quarterly Income Statements for Tenable

This table shows Tenable's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-16 -22 -14 -15 -9.21 1.87 -23 -15 2.26 -0.74 1.41
Consolidated Net Income / (Loss)
-16 -22 -14 -15 -9.21 1.87 -23 -15 2.26 -0.74 1.41
Net Income / (Loss) Continuing Operations
-16 -22 -14 -15 -9.21 1.87 -23 -15 2.26 -0.74 1.41
Total Pre-Tax Income
-15 -18 -13 -11 -3.88 8.55 -19 -10 2.81 4.06 5.09
Total Operating Income
-7.91 -14 -8.93 -8.82 -2.08 13 -18 -7.45 7.14 8.86 8.76
Total Gross Profit
156 165 167 172 177 184 187 193 196 205 205
Total Revenue
202 213 216 221 227 236 239 247 252 261 262
Operating Revenue
202 213 216 221 227 236 239 247 252 261 262
Total Cost of Revenue
46 49 49 49 50 51 52 54 57 55 57
Operating Cost of Revenue
46 49 49 49 50 51 52 54 57 55 57
Total Operating Expenses
164 179 176 181 179 171 204 200 189 196 197
Selling, General & Admin Expense
32 31 31 30 32 31 48 34 32 32 31
Marketing Expense
95 104 100 101 99 95 103 107 100 107 107
Research & Development Expense
37 40 44 45 48 45 53 59 56 55 56
Restructuring Charge
0.00 4.50 1.39 4.68 0.00 - 0.00 0.00 0.00 3.11 2.43
Total Other Income / (Expense), net
-6.96 -3.36 -3.80 -2.01 -1.80 -4.43 -1.61 -3.03 -4.33 -4.80 -3.68
Interest Expense
8.12 8.13 8.11 8.07 8.15 7.59 7.01 7.14 7.21 7.06 6.41
Interest & Investment Income
7.66 5.38 5.62 5.97 5.99 5.74 4.93 4.08 3.59 3.40 3.04
Other Income / (Expense), net
-6.50 -0.61 -1.31 0.09 0.36 -2.58 0.47 0.03 -0.70 -1.13 -0.30
Income Tax Expense
0.69 3.94 1.66 3.75 5.33 6.68 3.61 4.22 0.55 4.80 3.67
Basic Earnings per Share
($0.13) ($0.19) ($0.12) ($0.12) ($0.08) $0.01 ($0.19) ($0.12) $0.02 ($0.01) $0.01
Weighted Average Basic Shares Outstanding
115.95M 115.41M 117.54M 118.68M 119.17M 118.79M 120.08M 120.98M 120.48M 120.12M 115.90M
Diluted Earnings per Share
($0.13) ($0.19) ($0.12) ($0.12) ($0.08) $0.01 ($0.19) ($0.12) $0.02 ($0.01) $0.01
Weighted Average Diluted Shares Outstanding
115.95M 115.41M 117.54M 118.68M 119.17M 118.79M 120.08M 120.98M 121.95M 120.12M 117.69M
Weighted Average Basic & Diluted Shares Outstanding
116.93M 118.12M 118.87M 119.11M 120.14M 120.30M 122.17M 121.09M 119.34M 114.89M 110.27M

Annual Cash Flow Statements for Tenable

This table details how cash moves in and out of Tenable's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-9.27 -7.00 138 -91 104 100 23 -64 92 -141
Net Cash From Operating Activities
-2.79 -6.27 -2.56 -11 64 97 131 150 217 267
Net Cash From Continuing Operating Activities
-2.79 -6.27 -2.56 -11 64 97 131 150 217 267
Net Income / (Loss) Continuing Operations
-37 -41 -74 -99 -43 -47 -92 -78 -36 -36
Consolidated Net Income / (Loss)
-37 -41 -74 -99 -43 -47 -92 -78 -36 -36
Depreciation Expense
3.06 4.69 6.19 6.88 11 16 22 27 33 42
Amortization Expense
- - - - - 1.48 0.10 -7.06 -6.24 -1.69
Non-Cash Adjustments To Reconcile Net Income
3.49 7.89 23 41 61 82 123 153 173 196
Changes in Operating Assets and Liabilities, net
28 22 41 41 36 44 78 55 54 67
Net Cash From Investing Activities
-7.85 -2.76 -123 -113 4.08 -392 -128 -213 -41 -175
Net Cash From Continuing Investing Activities
-7.85 -2.76 -123 -113 4.08 -392 -128 -213 -41 -175
Purchase of Property, Plant & Equipment
-5.78 -2.76 -5.73 -21 -20 -6.56 -19 -8.76 -11 -17
Acquisitions
-2.08 0.00 0.00 -75 -0.28 -258 -67 -243 -29 -196
Purchase of Investments
0.00 0.00 -117 -242 -185 -287 -277 -278 -289 -145
Sale and/or Maturity of Investments
- 0.00 0.00 225 209 161 235 318 287 184
Net Cash From Financing Activities
1.36 2.09 265 34 36 398 23 1.25 -79 -234
Net Cash From Continuing Financing Activities
1.36 2.09 265 34 36 398 23 1.25 -79 -234
Repayment of Debt
0.00 -0.24 -1.44 -0.02 1.65 -9.36 -3.19 -3.54 -3.75 -3.75
Repurchase of Common Equity
-0.09 -0.39 -4.01 - - 0.00 0.00 -15 -100 -247
Issuance of Common Equity
0.00 0.00 269 15 13 14 15 16 16 15
Other Financing Activities, net
1.45 2.71 1.67 19 22 18 12 3.50 8.06 1.64
Effect of Exchange Rate Changes
- -0.07 -1.06 -1.08 -0.92 -3.01 -3.84 -2.23 -5.13 1.04
Cash Interest Paid
0.01 0.08 0.11 0.10 0.34 4.98 16 34 31 27
Cash Income Taxes Paid
0.31 0.64 1.21 8.53 5.73 6.48 11 8.98 15 12

Quarterly Cash Flow Statements for Tenable

This table details how cash moves in and out of Tenable's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
69 -208 23 -27 79 16 -95 -58 -3.17 16 -49
Net Cash From Operating Activities
42 39 50 31 55 81 87 42 54 83 88
Net Cash From Continuing Operating Activities
42 39 50 31 55 81 87 42 54 83 88
Net Income / (Loss) Continuing Operations
-16 -22 -14 -15 -9.21 1.87 -23 -15 2.26 -0.74 1.41
Consolidated Net Income / (Loss)
-16 -22 -14 -15 -9.21 1.87 -23 -15 2.26 -0.74 1.41
Depreciation Expense
6.28 8.21 8.23 7.63 8.57 8.78 9.85 11 11 10 10
Amortization Expense
-1.99 -2.09 -1.96 -1.76 -1.42 -1.10 -1.18 -0.44 -0.23 -0.19 -0.47
Non-Cash Adjustments To Reconcile Net Income
43 38 41 46 42 43 57 47 46 46 45
Changes in Operating Assets and Liabilities, net
10 17 17 -6.37 14 28 44 -0.26 -5.51 28 32
Net Cash From Investing Activities
22 -232 -12 -33 17 -14 -132 -37 -1.52 -4.29 -12
Net Cash From Continuing Investing Activities
22 -232 -12 -33 17 -14 -132 -37 -1.52 -4.29 -12
Purchase of Property, Plant & Equipment
-2.10 -2.75 -3.20 -2.76 -1.90 -2.84 -7.18 -5.05 -2.22 -2.13 -5.33
Acquisitions
- -243 0.00 - - - -149 -48 - - 0.00
Purchase of Investments
-70 -61 -77 -83 -68 -61 -38 -45 -33 -29 -45
Sale and/or Maturity of Investments
94 75 69 82 87 49 62 61 34 26 38
Net Cash From Financing Activities
6.17 -15 -14 -24 6.11 -48 -51 -65 -55 -63 -124
Net Cash From Continuing Financing Activities
6.17 -15 -14 -24 6.11 -48 -51 -65 -55 -63 -124
Repayment of Debt
-1.02 -0.51 -0.94 -0.94 -0.94 -0.94 -0.94 -0.94 -0.94 -0.94 -0.94
Repurchase of Common Equity
- -15 -25 -25 - -50 -60 -65 -60 -63 -130
Issuance of Common Equity
6.31 - 9.88 -0.01 6.38 - 9.70 0.01 5.77 - 8.74
Other Financing Activities, net
0.88 1.08 1.87 2.26 0.66 3.27 0.35 0.51 0.23 0.55 -1.30
Effect of Exchange Rate Changes
-1.53 0.34 -1.73 -1.35 0.64 -2.69 0.40 1.18 -0.60 0.06 -0.62
Cash Interest Paid
7.84 7.54 7.61 7.84 8.06 7.47 6.57 6.86 6.85 6.55 5.96
Cash Income Taxes Paid
3.93 2.82 2.99 2.75 4.34 5.11 2.36 3.66 3.11 2.67 4.71

Annual Balance Sheets for Tenable

This table presents Tenable's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
164 461 559 691 1,249 1,440 1,607 1,742 1,748
Total Current Assets
111 397 363 484 749 857 805 941 774
Cash & Equivalents
27 165 74 178 278 301 237 329 188
Short-Term Investments
0.00 118 138 114 234 267 237 249 214
Accounts Receivable
51 68 95 115 137 187 220 259 279
Prepaid Expenses
16 22 27 44 60 58 62 53 39
Other Current Assets
17 23 28 32 40 44 50 52 53
Plant, Property, & Equipment, net
11 11 27 39 37 47 45 39 40
Total Noncurrent Assets
42 52 169 168 463 536 756 762 934
Goodwill
- 0.27 54 54 262 317 519 541 698
Intangible Assets
- 0.43 16 13 72 75 107 94 115
Other Noncurrent Operating Assets
42 52 99 100 129 144 130 126 121
Total Liabilities & Shareholders' Equity
164 461 559 691 1,249 1,440 1,607 1,742 1,748
Total Liabilities
258 339 460 540 1,034 1,169 1,261 1,342 1,421
Total Current Liabilities
180 254 328 375 484 584 676 738 813
Accounts Payable
0.34 0.17 10 5.73 16 19 17 20 22
Current Deferred Revenue
155 214 274 329 407 502 581 650 707
Current Employee Benefit Liabilities
18 30 37 36 54 53 66 56 69
Other Current Liabilities
1.75 5.34 6.49 4.84 6.08 11 12 12 15
Total Noncurrent Liabilities
78 85 132 165 550 585 585 604 608
Long-Term Debt
- - - - 365 362 359 357 354
Noncurrent Deferred Revenue
71 76 89 106 123 162 170 183 192
Other Noncurrent Operating Liabilities
7.00 8.29 43 59 62 60 56 65 62
Total Equity & Noncontrolling Interests
-372 122 99 151 215 271 346 400 326
Total Preferred & Common Equity
-372 122 99 151 215 271 346 400 326
Total Common Equity
-372 122 99 151 215 271 346 400 326
Common Stock
21 588 664 759 870 1,019 1,186 1,376 1,588
Retained Earnings
-393 -466 -565 -608 -655 -747 -825 -861 -897
Treasury Stock
- - - - - 0.00 -15 -115 -365
Accumulated Other Comprehensive Income / (Loss)
- 0.00 0.05 0.01 -0.31 -1.35 0.04 0.32 0.39

Quarterly Balance Sheets for Tenable

This table presents Tenable's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
1,350 1,423 1,466 1,524 1,567 1,576 1,634 1,694 1,657 1,653 1,620
Total Current Assets
786 851 900 971 783 775 844 746 672 679 647
Cash & Equivalents
288 360 376 445 260 233 312 233 175 172 139
Short-Term Investments
260 256 269 248 251 254 236 227 211 212 221
Accounts Receivable
148 124 154 179 157 180 193 168 181 201 170
Prepaid Expenses
49 66 55 53 66 59 53 67 54 44 65
Other Current Assets
41 44 45 46 49 49 50 51 51 51 51
Plant, Property, & Equipment, net
46 45 45 44 46 41 40 41 43 40 42
Total Noncurrent Assets
518 527 521 509 739 760 751 906 942 933 931
Goodwill
317 317 317 317 519 541 541 656 698 698 698
Intangible Assets
78 72 69 66 102 104 99 129 129 122 109
Other Noncurrent Operating Assets
123 138 136 127 118 114 110 121 115 113 124
Total Liabilities & Shareholders' Equity
1,350 1,423 1,466 1,524 1,567 1,576 1,634 1,694 1,657 1,653 1,620
Total Liabilities
1,090 1,132 1,151 1,181 1,208 1,213 1,230 1,310 1,306 1,308 1,372
Total Current Liabilities
521 560 577 601 635 638 657 715 713 720 762
Accounts Payable
26 22 25 27 18 20 18 18 19 20 19
Current Deferred Revenue
448 490 495 518 563 563 584 633 625 640 680
Current Employee Benefit Liabilities
37 37 45 45 44 44 43 51 56 48 50
Other Current Liabilities
9.69 11 12 11 11 12 12 13 14 12 13
Total Noncurrent Liabilities
569 572 574 580 573 575 573 595 593 588 610
Long-Term Debt
363 361 361 360 359 358 357 356 355 355 354
Noncurrent Deferred Revenue
146 152 155 163 160 163 164 175 173 171 186
Other Noncurrent Operating Liabilities
60 58 59 57 54 53 52 64 64 62 70
Total Equity & Noncontrolling Interests
260 292 315 344 359 364 405 383 351 344 248
Total Preferred & Common Equity
260 292 315 344 359 364 405 383 351 344 248
Total Common Equity
260 292 315 344 359 364 405 383 351 344 248
Common Stock
987 1,064 1,103 1,148 1,238 1,283 1,332 1,442 1,491 1,542 1,640
Retained Earnings
-725 -772 -788 -803 -839 -854 -863 -884 -899 -897 -896
Treasury Stock
- - - - -40 -65 -65 -175 -241 -301 -496
Accumulated Other Comprehensive Income / (Loss)
-1.87 -0.67 -0.70 -0.54 -0.19 -0.27 0.95 0.33 0.26 0.41 -0.11

Annual Metrics And Ratios for Tenable

This table displays calculated financial ratios and metrics derived from Tenable's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
- - - - - - - - - 119,344,266.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 119,344,266.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - -0.30
Growth Metrics
- - - - - - - - - -
Profitability Metrics
- - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
-25 -29 -51 -64 -26 -29 -47 -37 -4.80 -6.42
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - -7.50% -5.17% -0.63% -0.94%
Earnings before Interest and Taxes (EBIT)
-36 -41 -74 -91 -38 -44 -73 -61 -10 -11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-33 -36 -67 -85 -28 -26 -50 -41 17 30
Valuation Ratios
- - - - - - - - - -
Leverage & Solvency
- - - - - - - - - -
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 93 -10 -112 2.32 -238 -45 -203 47 -105
Efficiency Ratios
- - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
0.00 -121 -161 -113 -141 68 65 232 179 278
Increase / (Decrease) in Invested Capital
0.00 -121 -40 48 -28 209 -2.35 166 -52 99
Book Value per Share
$0.00 ($16.73) $1.31 $1.01 $1.46 $2.00 $2.43 $2.96 $3.33 $2.73
Tangible Book Value per Share
$0.00 ($16.73) $1.30 $0.30 $0.81 ($1.10) ($1.09) ($2.39) ($1.96) ($4.08)
Total Capital
0.00 -94 122 99 151 580 633 706 757 681
Total Debt
0.00 0.00 0.00 0.00 0.00 365 362 359 357 354
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 365 362 359 357 354
Net Debt
0.00 -27 -283 -212 -292 -148 -205 -115 -220 -48
Capital Expenditures (CapEx)
5.78 2.76 5.73 21 20 6.56 19 8.76 11 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -96 -141 -177 -183 -247 -294 -344 -375 -442
Debt-free Net Working Capital (DFNWC)
0.00 -69 142 35 109 266 273 130 203 -39
Net Working Capital (NWC)
0.00 -69 142 35 109 266 273 130 203 -39
Net Nonoperating Expense (NNE)
12 12 23 35 17 17 45 42 32 30
Net Nonoperating Obligations (NNO)
0.00 -27 -283 -212 -292 -148 -205 -115 -220 -48
Total Depreciation and Amortization (D&A)
3.06 4.69 6.19 6.88 11 18 22 20 27 40
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 ($0.44) ($0.83) ($0.68) ($0.31) ($0.30)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 0.00 0.00 0.00 106.39M 111.32M 115.41M 118.79M 120.12M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 ($0.44) ($0.83) ($0.68) ($0.31) ($0.30)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 106.39M 111.32M 115.41M 118.79M 120.12M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 109.78M 113.65M 118.12M 120.30M 114.89M
Normalized Net Operating Profit after Tax (NOPAT)
-25 -29 -51 -64 -26 -29 -47 -33 -0.55 -4.24
Debt Service Ratios
- - - - - - - - - -
Payout Ratios
- - - - - - - - - -

Quarterly Metrics And Ratios for Tenable

This table displays calculated financial ratios and metrics derived from Tenable's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - 119,344,266.00 114,887,618.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 119,344,266.00 114,887,618.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - -0.01 0.01
Growth Metrics
- - - - - - - - - - -
Revenue Growth
15.26% 15.53% 14.36% 13.44% 12.68% 10.51% 10.73% 11.78% 11.16% - 9.58%
EBITDA Growth
-9.32% -15.07% 72.83% 60.15% 153.58% 304.38% -107.27% 203.92% 219.71% - 312.75%
EBIT Growth
4.10% -7.08% 48.03% 25.36% 88.04% 169.53% -68.33% 14.92% 473.14% - 149.07%
NOPAT Growth
38.93% -1.82% 53.38% 17.93% 73.68% 128.23% -98.33% 15.54% 493.61% - 119.65%
Net Income Growth
16.90% -0.75% 42.68% 8.78% 40.82% 108.63% -59.43% -0.92% 124.54% - 106.17%
EPS Growth
23.53% 0.00% 45.45% 14.29% 38.46% 105.26% -58.33% 0.00% 125.00% - 105.26%
Operating Cash Flow Growth
18.29% 20.64% 29.89% 4.08% 28.76% 110.67% 73.68% 35.13% -1.39% - 0.65%
Free Cash Flow Firm Growth
133.91% -2,246.12% -1,259.70% -499.18% -450.09% 131.21% 52.17% 57.21% 52.78% - 147.12%
Invested Capital Growth
-85.72% 254.20% 470.02% 691.68% 1,906.02% -22.53% 34.89% 36.28% 47.88% - -13.41%
Revenue Q/Q Growth
3.33% 5.84% 1.24% 2.44% 2.64% 3.81% 1.44% 3.41% 2.08% - 0.59%
EBITDA Q/Q Growth
-41.38% 12.67% 41.26% 27.98% 290.05% 233.13% -145.46% 136.11% 484.66% - 3.12%
EBIT Q/Q Growth
-23.32% -3.75% 31.53% 14.79% 80.24% 703.13% -265.77% 56.94% 186.66% - 9.56%
NOPAT Q/Q Growth
26.36% -81.30% 37.75% 1.25% 76.38% 294.44% -537.29% 57.95% 210.08% - 251.53%
Net Income Q/Q Growth
2.56% -39.08% 33.55% -1.29% 36.79% 120.28% -1,327.78% 35.88% 115.37% - 291.86%
EPS Q/Q Growth
7.14% -46.15% 36.84% 0.00% 33.33% 112.50% -2,000.00% 36.84% 116.67% - 200.00%
Operating Cash Flow Q/Q Growth
40.47% -9.21% 30.70% -37.56% 73.77% 48.55% 7.75% -51.42% 26.82% - 5.95%
Free Cash Flow Firm Q/Q Growth
10.34% -402.16% -0.27% -19.41% 3.23% 126.94% -253.66% -6.81% -6.79% - 139.62%
Invested Capital Q/Q Growth
-64.08% 2,077.19% -10.73% 13.41% -8.99% -15.92% 55.44% 14.58% -1.25% - -13.24%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
77.30% 77.12% 77.34% 77.94% 77.76% 78.18% 78.06% 77.99% 77.52% - 78.38%
EBITDA Margin
-5.02% -4.14% -1.84% -1.29% 2.39% 7.67% -3.43% 1.20% 6.87% - 6.95%
Operating Margin
-3.93% -6.73% -4.14% -3.99% -0.92% 5.50% -7.41% -3.01% 2.83% - 3.34%
EBIT Margin
-7.15% -7.01% -4.74% -3.94% -0.76% 4.41% -7.21% -3.00% 2.55% - 3.23%
Profit (Net Income) Margin
-7.72% -10.15% -6.66% -6.59% -4.06% 0.79% -9.59% -5.95% 0.90% - 0.54%
Tax Burden Percent
104.66% 122.24% 113.03% 134.63% 237.21% 21.85% 118.71% 140.30% 80.43% - 27.80%
Interest Burden Percent
103.17% 118.42% 124.30% 124.06% 225.23% 82.22% 112.09% 141.21% 43.68% - 60.14%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 78.15% 0.00% 0.00% 19.57% - 72.20%
Return on Invested Capital (ROIC)
-49.70% -25.32% -19.67% -18.00% -5.03% 5.27% -19.71% -7.22% 8.38% - 3.65%
ROIC Less NNEP Spread (ROIC-NNEP)
-45.84% -18.07% -15.68% -13.94% -2.07% 5.84% -11.49% 4.63% 11.54% - 5.49%
Return on Net Nonoperating Assets (RNNOA)
39.37% 9.37% 9.82% 8.51% 1.45% -2.62% 3.97% -1.04% -3.39% - -0.96%
Return on Equity (ROE)
-10.34% -15.95% -9.85% -9.49% -3.58% 2.64% -15.74% -8.26% 4.99% - 2.69%
Cash Return on Invested Capital (CROIC)
64.70% -136.52% -164.45% -176.34% -202.36% 23.05% -34.21% -34.32% -39.96% - -38.69%
Operating Return on Assets (OROA)
-3.83% -3.68% -2.62% -2.21% -0.42% 2.37% -4.08% -1.76% 1.51% - 1.99%
Return on Assets (ROA)
-4.14% -5.32% -3.68% -3.69% -2.25% 0.43% -5.43% -3.49% 0.53% - 0.33%
Return on Common Equity (ROCE)
-10.34% -15.95% -9.85% -9.49% -3.58% 2.64% -15.74% -8.26% 4.99% - 2.69%
Return on Equity Simple (ROE_SIMPLE)
-22.73% 0.00% -18.83% -18.20% -14.79% 0.00% -11.71% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)
-5.54 -10 -6.25 -6.17 -1.46 2.84 -12 -5.21 5.74 -1.61 2.44
NOPAT Margin
-2.75% -4.71% -2.89% -2.79% -0.64% 1.20% -5.18% -2.11% 2.27% - 0.93%
Net Nonoperating Expense Percent (NNEP)
-3.87% -7.25% -3.99% -4.06% -2.96% -0.58% -8.22% -11.86% -3.16% - -1.84%
Return On Investment Capital (ROIC_SIMPLE)
- -1.42% - - - 0.37% -1.68% -0.74% 0.82% -0.24% 0.40%
Cost of Revenue to Revenue
22.70% 22.88% 22.66% 22.06% 22.24% 21.82% 21.94% 22.01% 22.48% - 21.62%
SG&A Expenses to Revenue
15.82% 14.33% 14.36% 13.70% 13.90% 13.25% 20.07% 13.74% 12.81% - 12.00%
R&D to Revenue
18.39% 18.79% 20.25% 20.41% 21.15% 18.97% 22.26% 23.95% 22.29% - 21.28%
Operating Expenses to Revenue
81.22% 83.85% 81.48% 81.93% 78.68% 72.67% 85.47% 81.00% 74.69% - 75.03%
Earnings before Interest and Taxes (EBIT)
-14 -15 -10 -8.73 -1.72 10 -17 -7.42 6.43 7.72 8.46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-10 -8.84 -3.96 -2.85 5.42 18 -8.21 2.97 17 18 18
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
15.07 15.55 16.10 14.25 11.93 11.83 10.98 11.77 10.25 - 7.83
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Price to Revenue (P/Rev)
6.73 6.74 7.00 6.08 5.50 5.26 4.56 4.35 3.62 - 1.90
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)
455.60 22.76 27.21 21.54 21.72 25.13 14.71 12.81 11.10 - 8.02
Enterprise Value to Revenue (EV/Rev)
6.30 6.60 6.81 5.93 5.28 5.01 4.45 4.31 3.59 - 1.89
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 270.48 330.30 224.49 116.12 - 34.25
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 127.50
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
33.84 35.18 34.86 31.05 26.51 20.74 16.12 15.42 13.22 - 7.24
Enterprise Value to Free Cash Flow (EV/FCFF)
175.95 0.00 0.00 0.00 0.00 95.18 0.00 0.00 0.00 - 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.05 1.04 1.00 0.98 0.88 0.89 0.93 1.01 1.03 - 1.42
Long-Term Debt to Equity
1.05 1.04 1.00 0.98 0.88 0.89 0.93 1.01 1.03 - 1.42
Financial Leverage
-0.86 -0.52 -0.63 -0.61 -0.70 -0.45 -0.35 -0.22 -0.29 - -0.18
Leverage Ratio
4.76 4.94 4.60 4.49 4.22 4.49 4.39 4.53 4.39 - 5.25
Compound Leverage Factor
4.91 5.84 5.71 5.57 9.51 3.69 4.92 6.39 1.92 - 3.16
Debt to Total Capital
51.16% 50.92% 49.98% 49.61% 46.90% 47.14% 48.17% 50.34% 50.75% - 58.75%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital
51.16% 50.92% 49.98% 49.61% 46.90% 47.14% 48.17% 50.34% 50.75% - 58.75%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital
48.84% 49.08% 50.02% 50.39% 53.10% 52.86% 51.83% 49.66% 49.25% - 41.25%
Debt to EBITDA
-10.41 -8.83 -11.92 -13.88 -34.92 21.39 28.66 19.48 11.76 - 6.25
Net Debt to EBITDA
9.63 2.82 5.06 5.00 18.67 -13.22 -8.39 -1.70 -0.95 - -0.12
Long-Term Debt to EBITDA
-10.41 -8.83 -11.92 -13.88 -34.92 21.39 28.66 19.48 11.76 - 6.25
Debt to NOPAT
-9.91 -9.84 -12.22 -12.78 -14.94 -74.33 -32.53 -35.59 -100.41 - -2.56
Net Debt to NOPAT
9.17 3.14 5.18 4.61 7.99 45.94 9.52 3.11 8.14 - 0.05
Long-Term Debt to NOPAT
-9.91 -9.84 -12.22 -12.78 -14.94 -74.33 -32.53 -35.59 -100.41 - -2.56
Altman Z-Score
2.66 2.41 2.74 2.43 2.29 2.10 1.73 1.67 1.43 - 0.64
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.62 1.19 1.23 1.21 1.28 1.27 1.04 0.94 0.94 - 0.85
Quick Ratio
1.45 1.03 1.05 1.04 1.13 1.13 0.88 0.80 0.81 - 0.70
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
58 -176 -177 -211 -204 55 -85 -90 -96 -101 40
Operating Cash Flow to CapEx
2,024.39% 1,400.18% 1,574.16% 1,138.14% 2,880.12% 2,852.29% 1,217.88% 841.35% 2,425.68% - 1,649.87%
Free Cash Flow to Firm to Interest Expense
7.19 -21.68 -21.79 -26.15 -25.07 7.25 -12.06 -12.65 -13.37 - 6.21
Operating Cash Flow to Interest Expense
5.22 4.74 6.20 3.89 6.70 10.69 12.47 5.95 7.47 - 13.72
Operating Cash Flow Less CapEx to Interest Expense
4.97 4.40 5.81 3.55 6.47 10.32 11.44 5.24 7.16 - 12.89
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.54 0.52 0.55 0.56 0.56 0.54 0.57 0.59 0.59 - 0.62
Accounts Receivable Turnover
4.70 3.92 5.88 5.10 4.72 3.76 5.69 5.26 4.95 - 6.05
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover
17.14 17.33 18.22 19.77 20.93 21.25 21.24 22.59 24.29 - 24.40
Accounts Payable Turnover
6.78 10.30 9.46 8.66 8.81 10.82 11.50 10.88 11.34 - 12.21
Days Sales Outstanding (DSO)
77.59 93.09 62.02 71.55 77.38 97.09 64.17 69.35 73.71 - 60.35
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)
53.85 35.45 38.59 42.14 41.42 33.75 31.75 33.53 32.18 - 29.90
Cash Conversion Cycle (CCC)
23.74 57.63 23.44 29.41 35.96 63.34 32.42 35.82 41.53 - 30.44
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
11 232 207 235 213 179 279 320 316 278 242
Invested Capital Turnover
18.08 5.38 6.79 6.45 7.83 4.38 3.80 3.43 3.68 - 3.93
Increase / (Decrease) in Invested Capital
-64 166 171 205 203 -52 72 85 102 99 -37
Enterprise Value (EV)
4,848 5,271 5,628 5,051 4,635 4,510 4,104 4,096 3,502 - 1,937
Market Capitalization
5,181 5,386 5,780 5,180 4,826 4,731 4,208 4,127 3,531 - 1,943
Book Value per Share
$2.97 $2.96 $3.05 $3.06 $3.40 $3.33 $3.19 $2.87 $2.84 $2.73 $2.16
Tangible Book Value per Share
($0.34) ($2.39) ($2.23) ($2.37) ($1.98) ($1.96) ($3.34) ($3.90) ($3.93) ($4.08) ($4.86)
Total Capital
704 706 718 722 762 757 739 706 699 681 602
Total Debt
360 359 359 358 357 357 356 355 355 354 354
Total Long-Term Debt
360 359 359 358 357 357 356 355 355 354 354
Net Debt
-333 -115 -152 -129 -191 -220 -104 -31 -29 -48 -6.67
Capital Expenditures (CapEx)
2.10 2.75 3.20 2.76 1.90 2.84 7.18 5.05 2.22 2.13 5.33
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-323 -344 -363 -350 -362 -375 -429 -427 -425 -442 -476
Debt-free Net Working Capital (DFNWC)
370 130 148 137 186 203 31 -41 -41 -39 -115
Net Working Capital (NWC)
370 130 148 137 186 203 31 -41 -41 -39 -115
Net Nonoperating Expense (NNE)
10 12 8.14 8.40 7.75 0.97 11 9.49 3.48 -0.87 1.02
Net Nonoperating Obligations (NNO)
-333 -115 -152 -129 -191 -220 -104 -31 -29 -48 -6.67
Total Depreciation and Amortization (D&A)
4.29 6.11 6.28 5.87 7.15 7.67 9.02 10 11 9.95 9.76
Debt-free, Cash-free Net Working Capital to Revenue
-41.90% -43.11% -43.94% -41.12% -41.25% -41.61% -46.45% -45.01% -43.56% - -46.51%
Debt-free Net Working Capital to Revenue
48.09% 16.23% 17.91% 16.04% 21.24% 22.52% 3.40% -4.30% -4.20% - -11.27%
Net Working Capital to Revenue
48.09% 16.23% 17.91% 16.04% 21.24% 22.52% 3.40% -4.30% -4.20% - -11.27%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.13) ($0.19) ($0.12) ($0.12) ($0.08) $0.01 ($0.19) ($0.12) $0.02 ($0.01) $0.01
Adjusted Weighted Average Basic Shares Outstanding
115.95M 115.41M 117.54M 118.68M 119.17M 118.79M 120.08M 120.98M 120.48M 120.12M 115.90M
Adjusted Diluted Earnings per Share
($0.13) ($0.19) ($0.12) ($0.12) ($0.08) $0.01 ($0.19) ($0.12) $0.02 ($0.01) $0.01
Adjusted Weighted Average Diluted Shares Outstanding
115.95M 115.41M 117.54M 118.68M 119.17M 118.79M 120.08M 120.98M 121.95M 120.12M 117.69M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
116.93M 118.12M 118.87M 119.11M 120.14M 120.30M 122.17M 121.09M 119.34M 114.89M 110.27M
Normalized Net Operating Profit after Tax (NOPAT)
-5.54 -6.89 -5.28 -2.90 -1.46 9.08 -12 -5.21 5.74 8.38 7.84
Normalized NOPAT Margin
-2.75% -3.23% -2.44% -1.31% -0.64% 3.85% -5.18% -2.11% 2.27% - 2.99%
Pre Tax Income Margin
-7.38% -8.30% -5.89% -4.89% -1.71% 3.63% -8.08% -4.24% 1.11% - 1.94%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-1.78 -1.84 -1.26 -1.08 -0.21 1.37 -2.46 -1.04 0.89 - 1.32
NOPAT to Interest Expense
-0.68 -1.24 -0.77 -0.76 -0.18 0.37 -1.77 -0.73 0.80 - 0.38
EBIT Less CapEx to Interest Expense
-2.03 -2.18 -1.66 -1.42 -0.44 1.00 -3.48 -1.75 0.58 - 0.49
NOPAT Less CapEx to Interest Expense
-0.94 -1.57 -1.16 -1.11 -0.41 0.00 -2.79 -1.44 0.49 - -0.45
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio
0.00% -19.08% -59.08% -98.12% -108.54% -275.41% -300.97% -388.99% -701.08% - -2,699.35%

Financials Breakdown Chart

Key Financial Trends

Tenable (TENB) has shown a pattern of growing revenue alongside solid operating cash flow in the 2022–2025 period. While profitability per quarter has been variable, the company maintains a healthy liquidity position and a substantial asset base, supported by ongoing investments in capabilities and go-to-market execution.

  • Revenue has trended up in 2025, with Q4 2025 revenue around $260.5 million, up from $239.1 million in Q1 2025 and $252.4 million in Q3 2025, signaling growth momentum.
  • Gross margin remains robust, with total gross profit around $205.2 million on $260.5 million revenue in Q4 2025 (roughly 78%), and margins in the high 70s across recent quarters.
  • Net cash from continuing operating activities was strong in all 2025 quarters (e.g., approximately $87.4 million in Q1 2025, $42.5 million in Q2 2025, $53.9 million in Q3 2025, and $83.0 million in Q4 2025), indicating healthy cash generation from core operations.
  • Liquidity remained solid into 2025, with cash and short-term investments totaling about $382 million in Q3 2025, providing a cushion for growth investments and working capital needs.
  • A portion of profitability is realized in select quarters (e.g., Q3 2025 net income of about $2.26 million; Q4 2024 net income about $1.87 million), reflecting quarterly variability as the company continues to invest in growth initiatives (R&D, SG&A).
  • Total assets rose over the period, driven by goodwill and intangible assets, while equity remains modest due to accumulated losses; this reflects a growth-focused balance sheet structure.
  • Operating expenses remain substantial (SG&A, marketing, and R&D) as Tenable funds ongoing product development and go-to-market efforts, contributing to near-term profitability pressures but supporting long-term growth potential.
  • Net income has been negative in several quarters (e.g., notable losses in Q1 2025 and Q2 2025), highlighting ongoing profitability challenges despite positive cash flow from operations.
  • Net cash from financing activities has been consistently negative in many periods due to share repurchases and debt repayments, compressing cash reserves despite strong ops cash flow.
  • Long-term debt remains meaningful (about $356 million by Q3 2025), contributing to interest expense and leverage considerations for investors.
05/15/26 05:02 PM ETAI Generated. May Contain Errors.

Tenable Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tenable's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Tenable's net income for the last 5 years looks like this:
  • 2021: -$46.68 million
  • 2022: -$92.22 million
  • 2023: -$78.28 million
  • 2024: -$36.30 million
  • 2025: -$36.12 million
See Tenable's forecast for analyst expectations on what's next for the company.

Tenable's total operating income in 2025 was -$9.17 million, based on the following breakdown:
  • Total Gross Profit: $780.47 million
  • Total Operating Expenses: $789.64 million

Over the last 9 years, Tenable's total revenue changed from $124.37 million in 2016 to $999.41 million in 2025, a change of 703.6%.

Tenable's total liabilities were at $1.42 billion at the end of 2025, a 5.9% increase from 2024, and a 450.3% increase since 2017.

In the past 8 years, Tenable's cash and equivalents has ranged from $27.21 million in 2017 to $328.65 million in 2024, and is currently $187.76 million as of their latest financial filing in 2025.

Over the last 9 years, Tenable's book value per share changed from 0.00 in 2016 to 2.73 in 2025, a change of 273.5%.



Financial statements for NASDAQ:TENB last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners