Companies /Technology

Tenable Holdings Inc

NASDAQ: TENB Software - Infrastructure
$34.24
▼ $1.23 (−3.47%) today
Markets closed · 4:42am ET

Q3 2025 Earnings

Reported Oct 29, 2025, 4:17pm ET · SEC source
$0.42
Beat +13.42%
EPS · est. $0.37
$252.4M
Beat +2.02%
Revenue · est. $247.5M
−8.5%
Trailing market
TENB vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%+4%Oct 29Oct 30report 4:17pm ETearnings−0.6%−1.8%
−2%0+2%+4%Oct 29Oct 30earnings−0.6%−1.8%
TENB −1.8%S&P 500 −0.6%
−2%0+2%+4%Oct 29Oct 30report 4:17pm ETearnings−0.8%−1.8%
−2%0+2%+4%Oct 29Oct 30earnings−0.8%−1.8%
TENB −1.8%NASDAQ −0.8%
−8%−4%0+4%Oct 28Nov 6report 4:17pm ETearnings−2.3%−7.0%
−8%−4%0+4%Oct 28Nov 6earnings−2.3%−7.0%
TENB −7.0%S&P 500 −2.3%
−8%−4%0+4%Oct 28Nov 6report 4:17pm ETearnings−3.6%−7.0%
−8%−4%0+4%Oct 28Nov 6earnings−3.6%−7.0%
TENB −7.0%NASDAQ −3.6%
+0.73%
Day of report
+0.59%
Next session
−5.10%
One week
−8.21%
30 days

S&P 500 over the same 30 days: +0.25%.

Did TENB Beat Earnings? Q3 2025 Results

Tenable Holdings posted a strong third quarter, with both earnings and revenue clearing Wall Street expectations as the cybersecurity firm's exposure management platform continued to gain traction. The Columbia, Maryland-based company reported non-GAAP diluted EPS of $0.42, beating the $0.37 consensus estimate by 13.42%, while revenue grew 11.2% year-over-year to $252.44 million, edging past the $247.45 million consensus by 2.02%. The clearest driver behind the beat was accelerating demand for the Tenable One Exposure Management platform, which helped push remaining performance obligations up 20.4% year-over-year to $928.86 million, signaling durable forward demand. The company also swung to GAAP profitability, posting net income of $2.26 million against a net loss of $9.21 million a year ago, while non-GAAP operating margin expanded 350 basis points to 23.3%. Institutional investors have taken notice of the improving financials, with several funds recently adding to their positions. Management raised full-year 2025 revenue guidance to $988.00 to $992.00 million and lifted non-GAAP diluted EPS guidance to $1.51 to $1.54.

Key Takeaways
  • Strong demand for Tenable One Exposure Management platform
  • Industry shift toward preemptive cybersecurity approach
  • Recurring revenue representing 95% of total revenue
  • Non-GAAP operating margin expansion of 350 basis points year-over-year

“We delivered better-than-expected results on both the top and bottom line driven by strong demand for our Tenable One Exposure Management platform. Our outperformance reflects the industry's shift toward a more preemptive approach to cybersecurity.”

Tenable Holdings CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, Tenable expects revenue of $249.1–$253.1 million, non-GAAP income from operations of $55.7–$59.7 million, non-GAAP net income of $47.9–$51.9 million, and non-GAAP diluted EPS of $0.39–$0.43. For full-year 2025, the company raised guidance to: calculated current billings of $1.040–$1.048 billion, revenue of $988.0–$992.0 million, non-GAAP income from operations of $211.0–$215.0 million, non-GAAP diluted EPS of $1.51–$1.54, and unlevered free cash flow of $265.0–$275.0 million.

TENB YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$70.0M$140.0M$210.0M$227.1M$252.4MRevenue$176.6M$195.7MGross Profit$1.3M$7.1MOperating Income$1.0M$2.3MNet Income
$0$70.0M$140.0M$210.0MRevenueGross ProfitOperating IncomeNet Income

TENB Revenue by Segment

Subscription$232.2M
Perpetual License and Maintenance$11.1M
Professional Services and Other
Professional Services$9.1M

Figures from SEC filings and company reports. Not investment advice.