Tenable Holdings, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| (in thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Net loss | $ | (36,118) | $ | (36,301) | $ | (78,284) | |||||||||||
| Weighted-average shares used to compute net loss per share, basic and diluted | 120,124 | 118,789 | 115,408 | ||||||||||||||
| Net loss per share, basic and diluted | $ | (0.30) | $ | (0.31) | $ | (0.68) | |||||||||||
| Year Ended December 31, | |||||||||||||||||
(in thousands) | 2025 | 2024 | 2023 | ||||||||||||||
| RSUs | 8,994 | 7,209 | 7,343 | ||||||||||||||
| Stock options | 1,403 | 4,051 | 5,095 | ||||||||||||||
| Shares to be issued under the 2018 ESPP | 268 | 198 | 245 | ||||||||||||||
| PSUs | 279 | 300 | 258 | ||||||||||||||
| Restricted stock | 185 | 187 | 311 | ||||||||||||||
| Total | 11,129 | 11,945 | 13,252 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 24, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.