Tenable
Logotype for Tenable Holdings Inc

Tenable (TENB) investor relations material

Tenable Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Tenable Holdings Inc
Q4 2025 earnings summary4 Feb, 2026

Executive summary

  • Q4 2025 revenue grew 10.5%–11% year-over-year to $260.5M, with full-year revenue up 11% to $999.4M–$1.049B, exceeding guidance on all key metrics.

  • Tenable One, the AI-powered exposure management platform, drove 46% of new business and saw record adoption, with over 500 new enterprise customers added in Q4.

  • Recognized as a leader in exposure management by Gartner, IDC, Forrester, and S&P Global, with #1 market share in device vulnerability and exposure management.

  • Platform strategy and AI capabilities are driving larger deal sizes, higher customer engagement, and increased pricing power.

  • Expanded share repurchase authorization by $150M, bringing total to $338M at year-end.

Financial highlights

  • Q4 non-GAAP operating margin reached 24.4%, with full-year non-GAAP operating income at $219M (21.9% of revenue), up 140 bps from 2024.

  • Q4 non-GAAP EPS was $0.48 (up 17.1% YoY); full-year non-GAAP EPS was $1.59 (up 23.3% YoY).

  • Q4 calculated current billings were $327.8M, up 8% YoY; full-year billings were $1.049B, up 8%.

  • Unlevered free cash flow for 2025 was $277M (27.7% of revenue), up 16.5% YoY.

  • Non-GAAP gross margin for Q4 was 82.7%, up from 81.7% in Q4 2024.

Outlook and guidance

  • Q1 2026 revenue expected at $257M–$260M (8.1% YoY growth at midpoint); full-year 2026 revenue guided to $1.065B–$1.075B (7.1% YoY growth at midpoint).

  • Full-year 2026 non-GAAP operating income expected at $245M–$255M (23.4% margin at midpoint), up 150 bps YoY.

  • 2026 non-GAAP EPS guided to $1.81–$1.90; unlevered free cash flow expected at $285M–$295M.

  • No longer providing specific guidance for calculated current billings due to billing duration changes.

  • 2026 CCB expected in line with consensus.

What drives the shift in billings guidance?
What is the total remaining share repurchase authorization?
What are the key growth drivers for 2026 revenue?
What metrics replace CCB for business health?
AI exposure opportunity impact on Tenable One
Tenable One's role in accelerating future growth
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Tenable earnings date

Logotype for Tenable Holdings Inc
Q1 202628 Apr, 2026
Tenable
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Tenable earnings date

Logotype for Tenable Holdings Inc
Q1 202628 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Tenable Holdings, Inc., a technology company, provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platform enables visibility into an organization's cyber exposure across the attack surface and identifies which vulnerabilities are exploitable and where they can be found; and provides prioritization and remediation of vulnerabilities based on risk. The company was founded in 2002 and is headquartered in Columbia, Maryland..

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage