Strong Revenue Growth
Tenable Holdings, Inc. (NASDAQ: TENB), a key player in exposure management solutions, recently revealed their financial results for the second quarter of 2025, reporting revenue of $247.3 million. This represents a robust growth of 12% compared to the previous year, demonstrating the increasing adoption of their services across various sectors.
Highlights of Financial Performance
In addition to revenue growth, Tenable reported calculated current billings of $238.6 million, an increase of 8% year-over-year. The company’s GAAP operating margin was reported at (3)%, while the non-GAAP operating margin stood at an impressive 19%. Furthermore, Tenable generated net cash of $42.5 million from operating activities, and achieved an unlevered free cash flow amounting to $44.3 million.
Share Repurchase Program Expansion
To further reinforce their market position, Tenable announced a notable $250 million expansion of their existing stock repurchase program. This strategic move reflects the company's confidence in its future prospects and commitment to returning value to shareholders.
Management's Insights
Steve Vintz, Co-CEO of Tenable, expressed his satisfaction with the quarterly results, stating, "We exceeded all of our financial targets during the quarter, and this growth is primarily fueled by our exposure management platform, which is becoming increasingly vital for organizations looking to bolster their cybersecurity measures."
Mark Thurmond, Co-CEO, added, "The second quarter illustrated the substantial value that Tenable One offers as we secured significant client expansions and achieved major victories against competitive firms in the security landscape."
Recent Business Highlights
In the ongoing effort to enhance their offerings, Tenable welcomed 367 new enterprise platform customers during the quarter, including 76 new customers who made six-figure investments. They've also completed the acquisition of Apex Security, designed to further strengthen their exposure management platform.
The launch of Tenable One connectors and advanced risk dashboards have been pivotal, allowing seamless integration of third-party data into a unified risk management framework. Tenable's commitment to innovation was recognized when it was named a "Major Player" in IDC's inaugural MarketScape report for Cloud-Native Application Protection Platforms (CNAPP).
Financial Outlook for the Future
Looking ahead, Tenable expects revenue for the third quarter of 2025 to range between $246.0 million and $248.0 million. The company estimates non-GAAP income from operations to be between $52.0 million to $54.0 million. Moreover, they anticipate a non-GAAP net income ranging from $44.0 million to $46.0 million, with a corresponding earnings per share of approximately $0.36 to $0.37.
Conference Call & Investor Engagement
Tenable is scheduled to host a conference call to discuss these financial results and more on July 30, 2025, at 4:30 p.m. Eastern Time. Investors can join the call at specified numbers, or access the live webcast on Tenable's investor relations website.
About Tenable
Tenable is dedicated to delivering comprehensive exposure management solutions, empowering businesses to identify and mitigate cybersecurity vulnerabilities that compromise their assets, reputation, and overall trust. With a customer base of approximately 44,000 globally, Tenable is transforming how organizations secure their infrastructures from threats that span physical, virtual, cloud, and critical environments. For more details, visit tenable.com.
Contact Information
Investor Relations:
investors@tenable.com
Media Relations:
tenablepr@tenable.com
Frequently Asked Questions
1. What were Tenable's revenue results for Q2 2025?
Tenable reported revenue of $247.3 million for the second quarter of 2025, a 12% year-over-year increase.
2. What is Tenable's expected revenue for Q3 2025?
The company anticipates revenue between $246.0 million and $248.0 million for the third quarter of 2025.
3. How many new customers did Tenable acquire in Q2 2025?
In Q2 2025, Tenable added 367 new enterprise customers, strengthening their market presence significantly.
4. What expansion did Tenable announce regarding their stock repurchase program?
Tenable announced a $250 million expansion of their existing stock repurchase program.
5. What platform does Tenable focus on for its cybersecurity solutions?
Tenable emphasizes its exposure management platform, which is critical for modern organizations aiming to secure their IT and cloud environments.
