Tenable Holdings, Inc.

Listed Company

TENBCIK 0001660280NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$999.40M

Net Income

$-36.12M

Total Assets

$1.75B

Equity

$326.38M

Shares Out

114.89M

Op. Cash Flow

$266.75M

Business

Tenable Holdings, Inc. provides exposure management solutions that unify visibility, insight and action across the modern attack surface to help organizations identify and remediate cyber exposures. Its main products include the AI-powered Tenable One platform and integrated offerings such as Tenable Vulnerability Management, Tenable Cloud Security, Tenable Identity Exposure, Tenable Web App Scanning, Tenable Lumin, Tenable Attack Surface Management, Tenable OT Security and the Nessus vulnerability assessment product line. Key business groupings comprise its enterprise platform offerings and Nessus solutions, supported by research, integrations and a technology ecosystem. Tenable markets globally through a direct sales force, a two-tier channel of distributors and resellers, managed service partners and e-commerce distribution.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	999	900	799	683	541
Cost of revenue	219	200	184	155	106
Gross profit	780	700	615	528	435
Sales and marketing	417	395	393	349	270
Research and development	224	182	153	144	116
General and administrative	146	124	116	103	90
Restructuring	3	6	4	0	0
Total operating expenses	790	707	667	596	477
Loss from operations	−9	−7	−52	−68	−42
Interest income	16	23	25	6	606,000
Interest expense	−28	−32	−31	−19	—
Other expense, net	−1	−3	−9	−5	−2
Loss before income taxes	−23	−19	−67	−85	−51
Provision for income taxes	13	17	11	7	−4
Net loss	−36	−36	−78	−92	−47
Net loss per share, basic (in usd per share)	−0.3	−0.31	−0.68	−0.83	−0.44
Net loss per share, diluted (in usd per share)	−0.3	−0.31	−0.68	−0.83	−0.44
Weighted-average shares used to compute net loss per share, basic (in shares)	120	119	115	111	106
Weighted-average shares used to compute net loss per share, diluted (in shares)	120	119	115	111	106

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	188	329	237	301	278
Short-term investments	214	249	237	267	234
Accounts receivable (net of allowance for doubtful accounts of $656 and $525 at December 31, 2025 and 2024, respectively)	279	259	220	187	137
Deferred commissions	53	52	50	44	40
Prepaid expenses and other current assets	39	53	62	58	60
Total current assets	774	941	805	857	749
Property and equipment, net	40	39	45	47	37
Deferred commissions (net of current portion)	72	68	72	67	60
Operating lease right-of-use assets	36	45	35	38	39
Acquired intangible assets, net	115	94	107	75	72
Goodwill	698	541	519	317	262
Other assets	14	13	23	38	31
Total assets	1,748	1,742	1,607	1,440	1,249
Accounts payable and accrued expenses	22	20	17	19	16
Accrued compensation	69	56	66	53	54
Deferred revenue	707	650	581	502	407
Operating lease liabilities	10	7	6	6	2
Other current liabilities	5	5	6	5	4
Total current liabilities	813	738	676	584	484
Deferred revenue (net of current portion)	192	183	170	162	123
Term loan, net of issuance costs (net of current portion)	354	357	359	362	365
Operating lease liabilities (net of current portion)	51	56	48	53	55
Other liabilities	11	8	8	7	6
Total liabilities	1,421	1,342	1,261	1,169	1,034
Common stock (par value: $0.01; 500,000 shares authorized, 129,046 and 122,371 shares issued at December 31, 2025 and 2024, respectively)	1	1	1	1	1
Additional paid-in capital	1,587	1,375	1,185	1,018	869
Treasury stock (at cost: 10,596 and 2,673 shares at December 31, 2025 and 2024, respectively)	−365	−115	−15	0	—
Accumulated other comprehensive income	387,000	318,000	38,000	−1	−306,000
Accumulated deficit	−897	−861	−825	−747	−655
Total stockholders equity	326	400	346	271	215
Total liabilities and stockholders equity	1,748	1,742	1,607	1,440	1,249

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	42	33	27	22	16
Stock-based compensation	192	164	145	121	79
Net accretion of discounts and amortization of premiums on short-term investments	−3	−8	−8	−1	581,000
Amortization of debt issuance costs	1	1	1	1	903,000
Loss (gain) on other investments	18,000	−1	6	0	—
Restructuring	0	5	0	0	—
Other	4	7	2	3	2
Accounts receivable	−18	−39	−30	−51	−17
Prepaid expenses and other assets	13	26	2	−3	−46
Accounts payable, accrued expenses and accrued compensation	12	−8	7	409,000	24
Deferred revenue	58	83	82	133	92
Other current and noncurrent liabilities	2	−8	−6	−1	1
Net cash provided by operating activities	267	217	150	131	97
Purchases of property and equipment	−12	−4	−2	−9	−4
Capitalized software development costs	−4	−6	−7	−10	−3
Purchases of short-term investments	−145	−288	−278	−267	−282
Sales and maturities of short-term investments	183	284	318	235	—
Purchases of other investments	0	−1	0	−10	−5
Proceeds from other investments	852,000	4	0	0	—
Business combinations, net of cash acquired	−196	−29	−243	−67	−258
Net cash used in investing activities	−175	−41	−213	−128	−392
Payments on term loan	−4	−4	−4	−4	0
Proceeds from stock issued in connection with the employee stock purchase plan	15	16	16	15	14
Proceeds from the exercise of stock options	4	8	4	12	18
Payments for taxes related to net share settlement of equity awards	−2	0	0	—	—
Purchase of treasury stock	−247	−100	−15	0	0
Other financing activities	0	0	210,000	556,000	−10,000
Net cash (used in) provided by financing activities	−234	−79	1	23	398
Effect of exchange rate changes on cash and cash equivalents and restricted cash	1	−5	−2	−4	−3
Net (decrease) increase in cash and cash equivalents and restricted cash	−141	92	−64	23	100
Cash paid for interest	27	31	34	16	5
Cash paid for income taxes, net of refunds	12	15	9	11	6
Cash payments for operating leases	10	9	9	6	8

Filings

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