Saturday 17 October 2026 Export TENB’s income statement to Excel — free account

Tenable Holdings, Inc.

Tenable Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $999.4 million, up 11.0% from fiscal 2024. In the quarter to June 2026, revenue grew 8.58%, EPS grew 125.0%, free cash flow grew 4.67% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

37.20 2.12 −5.39%

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Market cap: $4.3B
P/E: 701×
Fwd P/E: 245×
Dividend yield: —
F-score: 6/9
Altman Z: 1.00
Beneish M: −3.17
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.62

Total sells 3.06

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	2	—	—	1	—	—	—	—	—
Sell	—	1	—	—	—	—	—	—	—	3	—	—

Insider Ownership 2.08%

Capital & Financial Ratios $m

Market Cap 4,330.00

Revenue 1,043.54

Net Income 6.74

Free Cash Flow 254.33

Net Debt 54.77

Current Ratio 0.79

Debt/Equity 1.78

P/E ratio 700.57

Fwd P/E 245.00

P/S ratio 3.95

P/B ratio 20.76

Past 5Y EPS Growth —

This Y EPS Growth 24.97%

Next Y EPS Growth 10.09%

Next Y revenue growth 7.96%

Next 5Y EPS Growth 15.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 15.04%

10-year low 10-year high

P/B against its own 10 years 63.60%

10-year low 10-year high

EV/Sales against its own 10 years 16.49%

10-year low 10-year high

EV/FCF against its own 10 years 23.11%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	474	577	402	298
Receivables	220	259	279	204
Inventory	—	—	—	—
Other	—	—	—	—
	805	941	774	609

	2023	2024	2025	Q'26
Payables	17	20	22	28
ST’ Debt	—	—	—	—
Other	6	5	5	5
	676	738	813	775

Compound Annual Growth %

	10y	5y	3y
Sales	—	17.82%	13.52%
Cash Flow	—	32.94%	26.70%
Earnings	—	0.00%	0.00%
Book Value	—	16.72%	6.41%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	262	269	—	—	—
’25	239	247	252	261	999
’24	216	221	227	236	900
’23	189	195	202	213	799
’22	159	164	175	185	683
’21	123	130	139	149	541
’20	103	107	112	118	440

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	88	45	—	—	—
’25	87	42	54	83	267
’24	50	31	55	81	217
’23	39	30	42	39	150
’22	33	31	36	32	131
’21	39	17	20	22	97
’20	4	17	25	18	64

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	83	39	—	—	—
’25	80	37	52	81	250
’24	47	29	53	78	207
’23	37	28	40	36	141
’22	28	26	32	27	112
’21	38	15	18	19	90
’20	4	7	17	17	44

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.01	0.03	—	—	—
’25	(0.19)	(0.12)	0.02	(0.01)	(0.30)
’24	(0.12)	(0.12)	(0.08)	0.02	(0.31)
’23	(0.22)	(0.14)	(0.13)	(0.19)	(0.68)
’22	(0.22)	(0.25)	(0.17)	(0.19)	(0.83)
’21	(0.07)	(0.11)	(0.15)	(0.10)	(0.44)
’20	(0.23)	(0.12)	(0.06)	(0.02)	(0.42)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	20.00	20.29	16.28	35.32	28.80	33.85	35.25	23.46	Analyst estimates 2026–2028 Powerpack
	High	—	—	39.38	36.26	56.99	58.45	63.61	49.77	53.50	45.44
People
People	Employees	—	1,054	1,252	1,477	1,367	1,617	1,900	1,999	1,872	1,995
	Revenue/emp, $m	0.00	0.18	0.21	0.24	0.32	0.33	0.36	0.40	0.48	0.50
Income, $m
Income, $m	Revenue	124	188	267	355	440	541	683	799	900	999
	Gross margin, %	88.57	86.37	83.85	82.85	82.38	80.34	77.34	77.02	77.82	78.09
	EBT	(36)	(41)	(71)	(86)	(37)	(51)	(85)	(67)	(19)	(23)
	EBT margin, %	(29.24)	(21.76)	(26.61)	(24.15)	(8.42)	(9.36)	(12.48)	(8.44)	(2.10)	(2.29)
	Net income	(37)	(41)	(74)	(99)	(43)	(47)	(92)	(78)	(36)	(36)
	Depreciation	3	5	6	7	11	18	22	20	27	40
Per share, $
Per share, $	Revenue	5.93	8.45	4.98	3.69	4.36	5.09	6.14	6.92	7.58	8.32
	Earnings	(1.77)	(1.85)	(1.38)	(1.03)	(0.42)	(0.44)	(0.83)	(0.68)	(0.31)	(0.30)
	Cash flow	(0.13)	(0.28)	(0.05)	(0.11)	0.64	0.91	1.18	1.30	1.83	2.22
	Capex	(0.28)	(0.12)	(0.11)	(0.22)	(0.20)	(0.06)	(0.17)	(0.08)	(0.09)	(0.14)
	Free cash flow	(0.41)	(0.41)	(0.15)	(0.33)	0.44	0.85	1.01	1.22	1.74	2.08
	Book value	(14.39)	(16.73)	2.27	1.03	1.49	2.02	2.43	3.00	3.37	2.72
	Shares, m	21	22	54	96	101	106	111	115	119	120
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	3.33	3.33	4.45	6.49	11.99	10.83	6.18	6.35	5.20	2.83
	P/B	0.00	0.00	9.78	23.26	35.04	27.21	15.58	14.65	11.70	8.66
	EV/Sales	3.22	3.22	3.42	6.00	11.45	10.55	5.87	6.21	4.95	2.78
	EV/FCF	(64.69)	(64.69)	(110.19)	(67.76)	114.71	63.31	35.83	35.15	21.56	11.11
Cash, $m
Cash, $m	Operating cash flow	(3)	(6)	(3)	(11)	64	97	131	150	217	267
	Capex	(6)	(3)	(6)	(21)	(20)	(7)	(19)	(9)	(11)	(17)
	Free cash flow	(9)	(9)	(8)	(31)	44	90	112	141	207	250
Balance, $m
Balance, $m	Working capital	(19)	(69)	142	35	109	266	273	130	203	(39)
	Total debt	1	3	6	41	55	365	362	359	357	354
	Net debt	(33)	(24)	(277)	(171)	(237)	(148)	(205)	(115)	(220)	(48)
	Shareholders’ equity	(302)	(372)	122	99	151	215	271	346	400	326
Returns, %
Returns, %	ROA	(28.14)	(30.97)	(23.67)	(19.43)	(6.84)	(4.81)	(6.86)	(5.14)	(2.17)	(2.07)
	ROIC	0.00	0.00	0.00	0.00	0.00	(38.53)	(64.81)	(14.07)	(2.39)	(2.06)
	ROE	11.27	12.41	59.19	(89.74)	(34.24)	(25.51)	(37.94)	(25.37)	(9.73)	(9.95)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BOX Box, Inc.	$5.4B	54.9×	64.3×	+9.23% (above 0%: growing)	+66.67% (above 0%: growing)	+65.84% (above 0%: growing)	79.08%	10.16%	Compare
ACIW ACI Worldwide, Inc.	$5.3B	24.0×	17.0×	+7.27% (above 0%: growing)	+158.33% (above 0%: growing)	+35.07% (above 0%: growing)	42.18%	10.37%	Compare
RELY Remitly Global, Inc.	$5.2B	16.7×	28.8×	+20.23% (above 0%: growing)	+3,166.67% (above 0%: growing)	+197.33% (above 0%: growing)	62.07%	13.47%	Compare
BB BlackBerry Limited	$5.1B	59.9×	67.1×	+26.00% (above 0%: growing)	+200.00% (above 0%: growing)	+1,470.59% (above 0%: growing)	77.83%	20.58%	Compare
BLSH Bullish	$4.8B	— (loss-making)	— (loss-making)	−44.34% (below 0%: shrinking)	n/m	+2.25% (above 0%: growing)	0.25%	(0.87%)	Compare
CORZ Core Scientific, Inc.	$4.6B	— (loss-making)	— (loss-making)	+108.83% (above 0%: growing)	n/m	−852.12% (below 0%: shrinking)	42.66%	(47.79%)	Compare
TENB Tenable Holdings, Inc.	$4.3B	701×	245×	+8.58% (above 0%: growing)	n/m	+4.67% (above 0%: growing)	77.53%	4.61%
DLO DLocal Limited	$4.3B	21.0×	14.1×	+55.84% (above 0%: growing)	+26.67% (above 0%: growing)	+12.57% (above 0%: growing)	31.81%	16.05%	Compare
PAY Paymentus Holdings, Inc.	$4.1B	47.1×	31.9×	+28.80% (above 0%: growing)	+66.67% (above 0%: growing)	+73.67% (above 0%: growing)	26.14%	9.04%	Compare
Median of peers	$5.0B	35.5×	30.4×	+23.12%	+112.50%	+50.46%	42.42%	10.26%

All 173 Software Infrastructure stocks →

Tenable Holdings, Inc. (TENB) key facts

Strength: Tenable Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $999.4 million, up 11.0% from fiscal 2024.
Tenable Holdings, Inc. (TENB) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, TENB traded at $37.20, a market capitalization of $4.3 billion.
Return on equity was −9.95% and debt-to-equity 1.78.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.00 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.