Tenable Holdings (TENB) Q3 2025 Earnings
How Did TENB Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +0.25%.
Did TENB Beat Earnings? Q3 2025 Results
Yes. Tenable Holdings reported Q3 2025 earnings of $0.42 a share on Oct 29, 2025, beating the $0.37 consensus estimate by 13.4%. Revenue was $252.4M against a $247.5M estimate.
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.
- 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
What Was Tenable Holdings's Outlook in Q3 2025?
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
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $252.4M | $227.1M | +11.2% |
| Gross Profit | $195.7M | $176.6M | +10.8% |
| Operating Income | $7.1M | $1.3M | +442.6% |
| Net Income | $2.3M | $1.0M | +124.5% |
TENB Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.