A Business at a Glance
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Tenable Holdings, Inc.
TENB
$3.9B
Mkt Cap
$32.25
+1.99%
Tenable Holdings, Inc. (TENB) has a 5-year average return on invested capital (ROIC) of -8.7%. This is below average and may indicate limited pricing power.
Tenable Holdings, Inc. (TENB) has a market capitalization of $4.2B. It is classified as a mid-cap stock.
Tenable Holdings, Inc. (TENB) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 7.51%.
Tenable Holdings, Inc. (TENB) operates in the Services-Prepackaged Software industry, within the Technology sector.
Tenable Holdings, Inc. (TENB) reported annual revenue of $999 million in its most recent fiscal year, based on SEC EDGAR filings.
Tenable Holdings, Inc. (TENB) has a net profit margin of -3.6%. The company is currently unprofitable.
Tenable Holdings, Inc. (TENB) generated $255 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Table of Contents Tenable is the leading provider of exposure management solutions. Exposure management is an increasingly critical category that extends foundational vulnerability management capabilities to advance risk assessment and prioritization across the entire attack surface – from IT infrastructure and cloud environments to critical infrastructure and artificial intelligence (AI). Tenable unifies security visibility, insight and action across this attack surface, equipping modern organizations to quickly identify and close the cybersecurity gaps that erode business value, reputation and trust. Business dynamics continue to shift under pressure of geopolitical tensions, talent shortages, the push for greater automation, unrelenting compliance and regulatory pressures, along with the drive to out-innovate and out-pace competitors. AI is now a constant undercurrent and is recognized as both a business enabler and a cybersecurity risk.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 999M | 900M | 799M | 683M | 541M |
| Net Income | -12M | -36M | -36M | -78M | -92M | -47M |
| EPS | $-0.09 | $-0.30 | $-0.31 | $-0.68 | $-0.83 | $-0.44 |
| Free Cash Flow | 259M | 255M | 213M | 148M | 122M | 93M |
| ROIC | -57.2% | -2.1% | -1.7% | -11.7% | -15.2% | -12.8% |
| Gross Margin | 78.2% | 78.1% | 77.8% | 77.0% | 77.3% | 33.8% |
| Debt/Equity | 1.42 | 1.27 | 1.05 | 1.19 | 1.55 | 1.96 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 17M | -9.2M | -6.9M | -52M | -68M | -42M |
| Operating Margin | 1.7% | -0.9% | -0.8% | -6.5% | -9.9% | -7.7% |
| ROE | -4.7% | -9.9% | -9.7% | -25.4% | -37.9% | -25.5% |
| Shares Outstanding | 131M | 120M | 117M | 115M | 111M | 106M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 124M | 188M | 267M | 355M | 440M | 541M | 683M | 799M | 900M | 999M | 1.0B |
| Gross Margin | 54.1% | 42.5% | 22.2% | 29.7% | 35.3% | 33.8% | 77.3% | 77.0% | 77.8% | 78.1% | 78.2% |
| R&D | 40M | 58M | 77M | 87M | 102M | 116M | 144M | 153M | 182M | 224M | 226M |
| SG&A | 20M | 29M | 47M | 69M | 73M | 90M | 103M | 116M | 124M | 146M | 129M |
| EBIT | -36M | -41M | -73M | -91M | -36M | -42M | -68M | -52M | -6.9M | -9.2M | 17M |
| Op. Margin | -28.8% | -21.7% | -27.1% | -25.6% | -8.3% | -7.7% | -9.9% | -6.5% | -0.8% | -0.9% | 1.7% |
| Net Income | -38M | -42M | -74M | -99M | -43M | -47M | -92M | -78M | -36M | -36M | -12M |
| Net Margin | -30.5% | -22.3% | -27.7% | -27.9% | -9.7% | -8.6% | -13.5% | -9.8% | -4.0% | -3.6% | -1.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 6.1M | 3.1M | 5.5M |
| Returns on Capital | |||||||||||
| ROIC | N/A | -24.8% | -15.8% | -89.7% | -34.2% | -12.8% | -15.2% | -11.7% | -1.7% | -2.1% | -57.2% |
| ROE | 13.4% | 12.4% | 59.2% | -89.7% | -34.2% | -25.5% | -37.9% | -25.4% | -9.7% | -9.9% | -4.7% |
| ROA | N/A | -50.8% | -23.7% | -19.4% | -6.8% | -4.8% | -6.9% | -5.1% | -2.2% | -2.1% | -0.7% |
| Cash Flow | |||||||||||
| Op. Cash Flow | -2.8M | -6.3M | -2.6M | -11M | 64M | 97M | 131M | 150M | 217M | 267M | 267M |
| Free Cash Flow | -8.6M | -9.0M | -8.3M | -31M | 45M | 93M | 122M | 148M | 213M | 255M | 259M |
| Owner Earnings | -8.4M | -19M | -32M | -59M | -6.0M | 1.2M | -12M | -23M | 21M | 33M | 45M |
| CapEx | 5.8M | 2.8M | 5.7M | 21M | 19M | 3.9M | 9.4M | 1.7M | 4.2M | 12M | 8.1M |
| Maint. CapEx | 3.1M | 4.7M | 6.2M | 6.9M | 11M | 16M | 22M | 27M | 33M | 42M | 42M |
| Growth CapEx | 2.7M | 0 | 0 | 14M | 8.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 3.1M | 4.7M | 6.2M | 6.9M | 11M | 16M | 22M | 27M | 33M | 42M | 42M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 31.6% | 4.0% | 7.1% | 1.1% | 2.0% | 4.5% | 3.0% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 85K | 385K | 75K | 0 | 0 | 0 | 0 | 15M | 100M | 247M | 318M |
| Buyback Yield | 0.0% | N/A | 0.0% | N/A | N/A | N/A | N/A | 0.3% | 2.2% | 8.5% | 7.5% |
| Stock-Based Comp | 2.5M | 7.8M | 23M | 42M | 60M | 79M | 121M | 145M | 164M | 192M | 180M |
| Debt Repayment | 0 | 238K | 0 | 0 | 0 | 0 | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M |
| Balance Sheet | |||||||||||
| Net Debt | N/A | N/A | -273M | -166M | -234M | -90M | -147M | -61M | -157M | 13M | -6.7M |
| Cash & Equiv. | 34M | 27M | 165M | 74M | 178M | 278M | 301M | 237M | 329M | 188M | 360M |
| Long-Term Debt | N/A | N/A | 39K | N/A | 0 | 365M | 362M | 359M | 357M | 354M | 354M |
| Debt/Equity | N/A | -1.44 | 0.09 | 0.46 | 0.39 | 1.96 | 1.55 | 1.19 | 1.05 | 1.27 | 1.42 |
| Interest Coverage | -5972.2 | -543.5 | -30.8 | -15.6 | -73.5 | -5.6 | -3.6 | -1.7 | -0.2 | -0.3 | 0.6 |
| Equity | -302M | -372M | 122M | 99M | 151M | 215M | 271M | 346M | 400M | 326M | 248M |
| Total Assets | N/A | 164M | 461M | 559M | 691M | 1.2B | 1.4B | 1.6B | 1.7B | 1.7B | 1.6B |
| Total Liabilities | N/A | 536M | 339M | 460M | 540M | 1.0B | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B |
| Intangibles | N/A | N/A | 427K | 16M | 13M | 72M | 75M | 107M | 94M | 115M | 109M |
| Retained Earnings | N/A | -393M | -466M | -565M | -608M | -655M | -747M | -825M | -861M | -897M | -896M |
| Working Capital | N/A | -69M | 142M | 35M | 109M | 266M | 273M | 130M | 203M | -39M | -115M |
| Current Assets | N/A | 111M | 397M | 363M | 484M | 749M | 857M | 805M | 941M | 774M | 647M |
| Current Liabilities | N/A | 180M | 254M | 328M | 375M | 484M | 584M | 676M | 738M | 813M | 762M |
| Per Share Data | |||||||||||
| EPS | -1.81 | -1.88 | -1.38 | -1.03 | -0.42 | -0.44 | -0.83 | -0.68 | -0.31 | -0.30 | -0.09 |
| Owner EPS | -0.40 | -0.84 | -0.59 | -0.62 | -0.06 | 0.01 | -0.11 | -0.20 | 0.18 | 0.27 | 0.34 |
| Book Value | -14.39 | -16.72 | 2.27 | 1.03 | 1.48 | 2.03 | 2.44 | 3.01 | 3.42 | 2.71 | 1.89 |
| Cash Flow/Share | -0.13 | -0.28 | -0.05 | -0.11 | 0.63 | 0.91 | 1.18 | 1.30 | 1.86 | 2.22 | 0.23 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 21.0M | 22.2M | 53.6M | 96.1M | 101.7M | 106.1M | 111.1M | 115.1M | 117.1M | 120.4M | 131.3M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -347.5 |
| P/FCF | N/A | N/A | N/A | N/A | 119.9 | 63.3 | 33.0 | 36.5 | 21.7 | 11.4 | 16.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 244.2 |
| Price/Book | N/A | N/A | 9.8 | 22.8 | 36.1 | 27.3 | 14.8 | 15.6 | 11.6 | 8.9 | 17.1 |
| Price/Sales | N/A | N/A | 6.1 | 7.3 | 7.2 | 8.9 | 7.4 | 6.1 | 5.7 | 3.9 | 4.1 |
| FCF Yield | N/A | N/A | -0.7% | -1.4% | 0.8% | 1.6% | 3.0% | 2.7% | 4.6% | 8.8% | 6.1% |
| Market Cap | 0 | N/A | 1.2B | 2.3B | 5.4B | 5.9B | 4.0B | 5.4B | 4.6B | 2.9B | 4.2B |
| Avg. Price | 0.00 | N/A | 30.53 | 26.87 | 31.22 | 45.36 | 45.61 | 42.51 | 43.69 | 32.60 | 32.25 |
| Year-End Price | 0.00 | N/A | 22.26 | 23.48 | 53.43 | 55.46 | 36.12 | 46.95 | 39.49 | 24.10 | 32.25 |
Tenable Holdings, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 14.5x vs a median of 33.0x. The company's 5-year average gross margin is 68.8%. Total shareholder yield (buybacks) is 7.5%. At current prices, the estimated annualized return to fair value is +38.7%.
Tenable Holdings, Inc. (TENB) has a debt-to-equity ratio of 1.27. This indicates moderate leverage.
Tenable Holdings, Inc. (TENB) reported earnings per share (EPS) of $-0.30 in its most recent fiscal year.
Tenable Holdings, Inc. (TENB) has a return on equity (ROE) of -9.9%. A negative ROE may indicate losses or negative equity.
Tenable Holdings, Inc. (TENB) has a 5-year average gross margin of 68.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 10 years of financial data for Tenable Holdings, Inc. (TENB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Tenable Holdings, Inc. (TENB) has a book value per share of $2.71, based on its most recent annual SEC filing.