What is Tenable Holdings's earnings per share (EPS)?

Tenable Holdings (TENB) reported diluted earnings per share of $-0.30 for fiscal year 2025. This represents a 3.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Tenable Holdings Financials

TENB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Tenable Holdings (TENB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 31/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Tenable Holdings has an operating margin of -0.9%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 20/100, suggesting thin profitability after operating expenses. This is down from -0.8% the prior year.

Growth

Tenable Holdings's revenue grew 11.0% year-over-year to $999.4M, a solid pace of expansion. This earns a growth score of 52/100.

Leverage

Tenable Holdings has elevated debt relative to equity (D/E of 4.35), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.

Liquidity

Tenable Holdings's current ratio of 0.95 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.

Cash Flow

Tenable Holdings converts 25.5% of revenue into free cash flow ($254.6M). This strong cash generation earns a score of 89/100.

Returns

Tenable Holdings generates a -11.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -9.1% the prior year.

Piotroski F-Score Neutral

5/9

Tenable Holdings passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-7.39x

For every $1 of reported earnings, Tenable Holdings generates $-7.39 in operating cash flow ($266.8M OCF vs -$36.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.3x

Tenable Holdings earns $-0.3 in operating income for every $1 of interest expense (-$9.2M vs $28.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$999.4M

YoY+11.0%

5Y CAGR+17.8%

Tenable Holdings generated $999.4M in revenue in fiscal year 2025. This represents an increase of 11.0% from the prior year.

EBITDA

$32.8M

YoY+24.4%

Tenable Holdings's EBITDA was $32.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.4% from the prior year.

Net Income

-$36.1M

YoY+0.5%

Tenable Holdings reported -$36.1M in net income in fiscal year 2025. This represents an increase of 0.5% from the prior year.

EPS (Diluted)

$-0.30

YoY+3.2%

Tenable Holdings earned $-0.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 3.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$254.6M

YoY+19.4%

5Y CAGR+41.2%

Tenable Holdings generated $254.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 19.4% from the prior year.

Cash & Debt

$187.8M

YoY-42.9%

5Y CAGR+1.0%

Tenable Holdings held $187.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

78.1%

YoY+0.3pp

5Y CAGR-4.3pp

Tenable Holdings's gross margin was 78.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin

-0.9%

YoY-0.2pp

5Y CAGR+7.4pp

Tenable Holdings's operating margin was -0.9% in fiscal year 2025, reflecting core business profitability. This is down 0.2 percentage points from the prior year.

Net Margin

-3.6%

YoY+0.4pp

5Y CAGR+6.1pp

Tenable Holdings's net profit margin was -3.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.

Return on Equity

-11.1%

YoY-2.0pp

5Y CAGR+17.3pp

Tenable Holdings's ROE was -11.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$223.7M

YoY+23.1%

5Y CAGR+17.1%

Tenable Holdings invested $223.7M in research and development in fiscal year 2025. This represents an increase of 23.1% from the prior year.

Share Buybacks

$247.5M

YoY+147.5%

Tenable Holdings spent $247.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 147.5% from the prior year.

Capital Expenditures

$12.1M

YoY+185.0%

5Y CAGR-8.5%

Tenable Holdings invested $12.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 185.0% from the prior year.

TENB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$999.4M+11.0%	$900.0M+12.7%	$798.7M+16.9%	$683.2M+26.3%	$541.1M+22.9%	$440.2M
Cost of Revenue	$218.9M+9.7%	$199.7M+8.8%	$183.6M+18.6%	$154.8M+45.5%	$106.4M+37.2%	$77.6M
Gross Profit	$780.5M+11.4%	$700.4M+13.9%	$615.1M+16.4%	$528.4M+21.5%	$434.7M+19.9%	$362.7M
R&D Expenses	$223.7M+23.1%	$181.6M+18.6%	$153.2M+6.7%	$143.6M+23.3%	$116.4M+14.5%	$101.7M
SG&A Expenses	$145.9M+17.5%	$124.1M+6.8%	$116.2M+12.5%	$103.2M+14.8%	$89.9M+22.9%	$73.1M
Operating Income	-$9.2M-33.7%	-$6.9M+86.9%	-$52.2M+23.1%	-$67.8M-62.4%	-$41.8M-14.6%	-$36.4M
Interest Expense	$28.4M-11.0%	$31.9M+1.9%	$31.3M+64.9%	$19.0M+153.3%	$7.5M+1412.5%	$496K
Income Tax	$13.2M-24.3%	$17.4M+60.0%	$10.9M+57.0%	$6.9M+275.4%	-$4.0M-169.9%	$5.7M
Net Income	-$36.1M+0.5%	-$36.3M+53.6%	-$78.3M+15.1%	-$92.2M-97.6%	-$46.7M-9.2%	-$42.7M
EPS (Diluted)	$-0.30+3.2%	$-0.31+54.4%	$-0.68+18.1%	$-0.83-88.6%	$-0.44-4.8%	$-0.42

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$260.5M+3.2%	$252.4M+2.1%	$247.3M+3.4%	$239.1M+1.4%	$235.7M+3.8%	$227.1M+2.6%	$221.2M+2.4%	$216.0M
Cost of Revenue	$55.3M-2.6%	$56.8M+4.3%	$54.4M+3.8%	$52.5M+2.0%	$51.4M+1.9%	$50.5M+3.5%	$48.8M-0.3%	$48.9M
Gross Profit	$205.2M+4.9%	$195.7M+1.5%	$192.9M+3.3%	$186.7M+1.3%	$184.3M+4.4%	$176.6M+2.4%	$172.4M+3.2%	$167.0M
R&D Expenses	$54.9M-2.3%	$56.3M-5.0%	$59.2M+11.3%	$53.2M+19.0%	$44.7M-6.9%	$48.0M+6.4%	$45.1M+3.3%	$43.7M
SG&A Expenses	$31.6M-2.3%	$32.3M-4.8%	$34.0M-29.2%	$48.0M+53.6%	$31.2M-1.0%	$31.6M+4.2%	$30.3M-2.3%	$31.0M
Operating Income	$8.9M+24.1%	$7.1M+195.8%	-$7.4M+57.9%	-$17.7M-236.5%	$13.0M+722.9%	-$2.1M+76.4%	-$8.8M+1.3%	-$8.9M
Interest Expense	$7.1M-2.2%	$7.2M+1.0%	$7.1M+1.8%	$7.0M-7.6%	$7.6M-6.9%	$8.1M+0.9%	$8.1M-0.5%	$8.1M
Income Tax	$4.8M+772.2%	$550K-87.0%	$4.2M+16.9%	$3.6M-45.9%	$6.7M+25.4%	$5.3M+42.2%	$3.7M+126.1%	$1.7M
Net Income	-$737K-132.6%	$2.3M+115.4%	-$14.7M+35.9%	-$22.9M-1327.8%	$1.9M+120.3%	-$9.2M+36.8%	-$14.6M-1.3%	-$14.4M
EPS (Diluted)	N/A	$0.02+116.7%	$-0.12+36.8%	$-0.19	N/A	$-0.08+33.3%	$-0.120.0%	$-0.12

TENB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.7B+0.3%	$1.7B+8.4%	$1.6B+11.6%	$1.4B+15.3%	$1.2B+80.8%	$690.6M
Current Assets	$773.6M-17.8%	$940.7M+16.8%	$805.5M-6.0%	$857.2M+14.4%	$749.4M+54.9%	$483.8M
Cash & Equivalents	$187.8M-42.9%	$328.6M+38.6%	$237.1M-21.2%	$300.9M+8.2%	$278.0M+56.0%	$178.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$279.1M+7.9%	$258.7M+17.6%	$220.1M+17.5%	$187.3M+37.1%	$136.6M+18.4%	$115.3M
Goodwill	$697.9M+28.9%	$541.3M+4.4%	$518.5M+63.8%	$316.5M+21.0%	$261.6M+380.8%	$54.4M
Total Liabilities	$1.4B+5.9%	$1.3B+6.5%	$1.3B+7.9%	$1.2B+13.1%	$1.0B+91.4%	$539.9M
Current Liabilities	$812.9M+10.1%	$738.1M+9.2%	$675.8M+15.7%	$584.2M+20.7%	$483.9M+29.1%	$374.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$326.4M-18.4%	$400.0M+15.5%	$346.3M+27.9%	$270.9M+25.8%	$215.3M+42.9%	$150.7M
Retained Earnings	-$897.5M-4.2%	-$861.3M-4.4%	-$825.0M-10.5%	-$746.8M-14.1%	-$654.5M-7.7%	-$607.9M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.7B+5.8%	$1.7B-0.2%	$1.7B-2.2%	$1.7B-2.8%	$1.7B+6.6%	$1.6B+3.7%	$1.6B+0.6%	$1.6B
Current Assets	$773.6M+13.9%	$679.3M+1.0%	$672.5M-9.9%	$746.4M-20.7%	$940.7M+11.5%	$843.5M+8.9%	$774.9M-1.0%	$782.8M
Cash & Equivalents	$187.8M+9.3%	$171.9M-1.8%	$175.0M-25.0%	$233.4M-29.0%	$328.6M+5.3%	$312.2M+33.7%	$233.5M-10.2%	$260.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$279.1M+38.9%	$201.0M+11.0%	$181.1M+7.9%	$167.8M-35.1%	$258.7M+34.3%	$192.6M+7.3%	$179.6M+14.5%	$156.8M
Goodwill	$697.9M0.0%	$697.9M0.0%	$697.8M+6.3%	$656.5M+21.3%	$541.3M0.0%	$541.3M0.0%	$541.3M+4.4%	$518.5M
Total Liabilities	$1.4B+8.6%	$1.3B+0.2%	$1.3B-0.3%	$1.3B-2.4%	$1.3B+9.1%	$1.2B+1.4%	$1.2B+0.4%	$1.2B
Current Liabilities	$812.9M+12.9%	$720.3M+1.0%	$713.3M-0.2%	$715.0M-3.1%	$738.1M+12.3%	$657.1M+3.0%	$638.2M+0.5%	$634.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$326.4M-5.2%	$344.4M-1.8%	$350.7M-8.5%	$383.2M-4.2%	$400.0M-1.1%	$404.6M+11.3%	$363.6M+1.3%	$358.9M
Retained Earnings	-$897.5M-0.1%	-$896.7M+0.3%	-$899.0M-1.7%	-$884.3M-2.7%	-$861.3M+0.2%	-$863.2M-1.1%	-$854.0M-1.7%	-$839.4M

TENB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$266.8M+22.7%	$217.5M+45.1%	$149.9M+14.3%	$131.2M+35.5%	$96.8M+50.6%	$64.2M
Capital Expenditures	$12.1M+185.0%	$4.2M+149.2%	$1.7M-81.8%	$9.4M+140.8%	$3.9M-79.4%	$18.9M
Free Cash Flow	$254.6M+19.4%	$213.2M+43.9%	$148.2M+21.6%	$121.8M+31.1%	$92.9M+104.8%	$45.4M
Investing Cash Flow	-$174.6M-321.4%	-$41.4M+80.5%	-$212.6M-66.1%	-$128.0M+67.3%	-$391.6M-9700.1%	$4.1M
Financing Cash Flow	-$234.1M-194.8%	-$79.4M-6447.0%	$1.3M-94.6%	$23.3M-94.1%	$397.6M+992.3%	$36.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$247.5M+147.5%	$100.0M+569.5%	$14.9M	$0	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$83.0M+54.2%	$53.9M+26.8%	$42.5M-51.4%	$87.4M+7.8%	$81.1M+48.6%	$54.6M+73.8%	$31.4M-37.6%	$50.3M
Capital Expenditures	$334K-61.5%	$867K-80.1%	$4.3M-33.6%	$6.6M+182.1%	$2.3M+216.9%	$733K+39.4%	$526K-20.9%	$665K
Free Cash Flow	$82.7M+56.1%	$53.0M+39.0%	$38.1M-52.9%	$80.9M+2.6%	$78.8M+46.3%	$53.9M+74.4%	$30.9M-37.8%	$49.7M
Investing Cash Flow	-$4.3M-181.4%	-$1.5M+95.8%	-$36.6M+72.3%	-$132.1M-821.9%	-$14.3M-182.4%	$17.4M+152.8%	-$32.9M-184.2%	-$11.6M
Financing Cash Flow	-$62.9M-14.5%	-$54.9M+16.1%	-$65.4M-28.5%	-$50.9M-6.8%	-$47.7M-880.1%	$6.1M+125.8%	-$23.7M-67.1%	-$14.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$62.5M+4.2%	$60.0M-7.7%	$65.0M+8.3%	$60.0M+20.0%	$50.0M	$0-100.0%	$25.0M0.0%	$25.0M

TENB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	78.1%+0.3pp	77.8%+0.8pp	77.0%-0.3pp	77.3%-3.0pp	80.3%-2.0pp	82.4%
Operating Margin	-0.9%-0.2pp	-0.8%+5.8pp	-6.5%+3.4pp	-9.9%-2.2pp	-7.7%+0.6pp	-8.3%
Net Margin	-3.6%+0.4pp	-4.0%+5.8pp	-9.8%+3.7pp	-13.5%-4.9pp	-8.6%+1.1pp	-9.7%
Return on Equity	-11.1%-2.0pp	-9.1%+13.5pp	-22.6%+11.5pp	-34.1%-12.4pp	-21.7%+6.7pp	-28.4%
Return on Assets	-2.1%0.0pp	-2.1%+2.8pp	-4.9%+1.5pp	-6.4%-2.7pp	-3.7%+2.4pp	-6.2%
Current Ratio	0.95-0.3	1.27+0.1	1.19-0.3	1.47-0.1	1.55+0.3	1.29
Debt-to-Equity	4.35+1.0	3.36-0.3	3.64-0.7	4.31-0.5	4.80+1.2	3.58
FCF Margin	25.5%+1.8pp	23.7%+5.1pp	18.6%+0.7pp	17.8%+0.7pp	17.2%+6.9pp	10.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	78.8%+1.3pp	77.5%-0.5pp	78.0%-0.1pp	78.1%-0.1pp	78.2%+0.4pp	77.8%-0.2pp	77.9%+0.6pp	77.3%
Operating Margin	3.4%+0.6pp	2.8%+5.8pp	-3.0%+4.4pp	-7.4%-12.9pp	5.5%+6.4pp	-0.9%+3.1pp	-4.0%+0.2pp	-4.1%
Net Margin	-0.3%-1.2pp	0.9%+6.8pp	-5.9%+3.6pp	-9.6%-10.4pp	0.8%+4.9pp	-4.1%+2.5pp	-6.6%+0.1pp	-6.7%
Return on Equity	-0.2%-0.9pp	0.7%+4.9pp	-4.2%+1.8pp	-6.0%-6.5pp	0.5%+2.8pp	-2.3%+1.7pp	-4.0%0.0pp	-4.0%
Return on Assets	-0.0%-0.2pp	0.1%+1.0pp	-0.9%+0.5pp	-1.4%-1.5pp	0.1%+0.7pp	-0.6%+0.4pp	-0.9%0.0pp	-0.9%
Current Ratio	0.950.0	0.940.0	0.94-0.1	1.04-0.2	1.270.0	1.28+0.1	1.21-0.0	1.23
Debt-to-Equity	4.35+0.6	3.80+0.1	3.72+0.3	3.42+0.1	3.36+0.3	3.04-0.3	3.34-0.0	3.37
FCF Margin	31.7%+10.8pp	21.0%+5.6pp	15.4%-18.4pp	33.8%+0.4pp	33.4%+9.7pp	23.7%+9.8pp	14.0%-9.0pp	23.0%

Note: The current ratio is below 1.0 (0.95), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Tenable Holdings's annual revenue?

Tenable Holdings (TENB) reported $999.4M in total revenue for fiscal year 2025. This represents a 11.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Tenable Holdings's revenue growing?

Tenable Holdings (TENB) revenue grew by 11% year-over-year, from $900.0M to $999.4M in fiscal year 2025.

Is Tenable Holdings profitable?

No, Tenable Holdings (TENB) reported a net income of -$36.1M in fiscal year 2025, with a net profit margin of -3.6%.

What is Tenable Holdings's EBITDA?

Tenable Holdings (TENB) had EBITDA of $32.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Tenable Holdings's gross margin?

Tenable Holdings (TENB) had a gross margin of 78.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Tenable Holdings's operating margin?

Tenable Holdings (TENB) had an operating margin of -0.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Tenable Holdings's net profit margin?

Tenable Holdings (TENB) had a net profit margin of -3.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Tenable Holdings's return on equity (ROE)?

Tenable Holdings (TENB) has a return on equity of -11.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Tenable Holdings's free cash flow?

Tenable Holdings (TENB) generated $254.6M in free cash flow during fiscal year 2025. This represents a 19.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Tenable Holdings's operating cash flow?

Tenable Holdings (TENB) generated $266.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Tenable Holdings's total assets?

Tenable Holdings (TENB) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Tenable Holdings's capital expenditures?

Tenable Holdings (TENB) invested $12.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Tenable Holdings spend on research and development?

Tenable Holdings (TENB) invested $223.7M in research and development during fiscal year 2025.

Does Tenable Holdings buy back shares?

Yes, Tenable Holdings (TENB) spent $247.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Tenable Holdings's current ratio?

Tenable Holdings (TENB) had a current ratio of 0.95 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Tenable Holdings's debt-to-equity ratio?

Tenable Holdings (TENB) had a debt-to-equity ratio of 4.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tenable Holdings's return on assets (ROA)?

Tenable Holdings (TENB) had a return on assets of -2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tenable Holdings's Piotroski F-Score?

Tenable Holdings (TENB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tenable Holdings's earnings high quality?

Tenable Holdings (TENB) has an earnings quality ratio of -7.39x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Tenable Holdings cover its interest payments?

Tenable Holdings (TENB) has an interest coverage ratio of -0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Tenable Holdings?

Tenable Holdings (TENB) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.