Tenable Holdings, Inc. (TENB) 10-Year Financial Performance & Capital Metrics

TENB • • Industrial / General

TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementEndpoint Security & Threat Protection

AboutTenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface. The company also offers Tenable.ad, a solution to secure Active Directory environments; Tenable.ot, an on-premises solution that provides threat detection and mitigation, asset tracking, vulnerability management, and configuration control capabilities to protect OT environments, including industrial networks; Tenable.sc, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture. In addition, it provides Nessus Professional, a vulnerability assessment solution for identifying security vulnerabilities, configuration issues, and malware; and Nessus Essentials, which includes vulnerability and configuration assessment for a limited number of assets. The company was founded in 2002 and is headquartered in Columbia, Maryland.Show more

Revenue $900M +12.7%
EBITDA $26M +205.2%
Net Income -$36M +53.6%
EPS (Diluted) -0.31 +54.4%
Gross Margin 77.82% +1.0%
EBITDA Margin 2.93% +193.3%
Operating Margin -0.76% +88.3%
Net Margin -4.03% +58.8%
ROE -9.73% +61.6%
ROIC -1.01% +88.2%
Debt/Equity 1.06 -11.5%
Interest Coverage -0.21 +87.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 23.7% free cash flow margin
✓Strong 5Y sales CAGR of 20.5%

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y20.48%

3Y18.48%

TTM11.05%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM43.97%

EPS CAGR

10Y-

5Y-

3Y-

TTM45.52%

ROCE

10Y Avg-21.97%

5Y Avg-7.2%

3Y Avg-4.97%

Latest-0.71%

Peer Comparison

Endpoint Security & Threat Protection

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RPDRapid7, Inc.	870.89M	13.30	33.25	8.53%	2.19%	14.76%	19.32%	57.49
QLYSQualys, Inc.	4.8B	133.79	28.77	9.58%	28.96%	35.73%	4.83%	0.10
GENGen Digital Inc.	16.27B	26.38	25.61	3.55%	12.74%	23.2%	7.41%	3.66
CISOCISO Global Inc.	22.82M	0.52	-0.26	-46.11%	-41.01%	-69.62%		10.72
RBRKRubrik, Inc.	10.49B	69.05	-9.23	41.19%	-31.48%		0.3%
SSentinelOne, Inc.	4.69B	14.08	-15.30	32.25%	-43.04%	-26.54%	0.14%	0.01
BBBlackBerry Limited	2.31B	3.92	-30.15	-29.54%	-0.52%	-10.59%	0.28%	0.33
TENBTenable Holdings, Inc.	2.7B	22.63	-73	12.68%	-3.44%	-9.73%	7.9%	1.06

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	124.37M	187.73M	267.36M	354.59M	440.22M	541.13M	683.19M	798.71M	900.02M
Revenue Growth %	-	0.51%	0.42%	0.33%	0.24%	0.23%	0.26%	0.17%	0.13%
Cost of Goods Sold+	14.22M	25.59M	43.17M	60.82M	77.55M	106.4M	154.79M	183.58M	199.67M
COGS % of Revenue	0.11%	0.14%	0.16%	0.17%	0.18%	0.2%	0.23%	0.23%	0.22%
Gross Profit+	110.15M	162.14M	224.19M	293.77M	362.67M	434.73M	528.4M	615.13M	700.35M
Gross Margin %	0.89%	0.86%	0.84%	0.83%	0.82%	0.8%	0.77%	0.77%	0.78%
Gross Profit Growth %	-	0.47%	0.38%	0.31%	0.23%	0.2%	0.22%	0.16%	0.14%
Operating Expenses+	145.99M	202.9M	296.77M	384.57M	399.1M	476.5M	596.22M	667.29M	707.21M
OpEx % of Revenue	1.17%	1.08%	1.11%	1.08%	0.91%	0.88%	0.87%	0.84%	0.79%
Selling, General & Admin	105.9M	145.23M	220.08M	297.5M	297.41M	360.07M	452.66M	509.63M	519.51M
SG&A % of Revenue	0.85%	0.77%	0.82%	0.84%	0.68%	0.67%	0.66%	0.64%	0.58%
Research & Development	40.09M	57.67M	76.7M	87.06M	101.69M	116.43M	143.56M	153.16M	181.62M
R&D % of Revenue	0.32%	0.31%	0.29%	0.25%	0.23%	0.22%	0.21%	0.19%	0.2%
Other Operating Expenses	-532K	-91K	1.42M	-680K	0	0	0	4.5M	6.07M
Operating Income+	-35.83M	-40.76M	-72.58M	-90.8M	-36.43M	-41.77M	-67.81M	-52.16M	-6.86M
Operating Margin %	-0.29%	-0.22%	-0.27%	-0.26%	-0.08%	-0.08%	-0.1%	-0.07%	-0.01%
Operating Income Growth %	-	-0.14%	-0.78%	-0.25%	0.6%	-0.15%	-0.62%	0.23%	0.87%
EBITDA+	-32.77M	-36.07M	-66.39M	-83.92M	-25.8M	-25.6M	-45.62M	-25.05M	26.35M
EBITDA Margin %	-0.26%	-0.19%	-0.25%	-0.24%	-0.06%	-0.05%	-0.07%	-0.03%	0.03%
EBITDA Growth %	-	-0.1%	-0.84%	-0.26%	0.69%	0.01%	-0.78%	0.45%	2.05%
D&A (Non-Cash Add-back)	3.06M	4.69M	6.19M	6.88M	10.63M	16.17M	22.19M	27.11M	33.21M
EBIT	-35.83M	-40.76M	-72.58M	-90.8M	-36.58M	-43.73M	-66.29M	-36.06M	13.03M
Net Interest Income+	0	-75K	2.35M	5.83M	1.24M	-6.9M	-12.72M	-6.64M	-8.6M
Interest Income	0	0	2.35M	5.83M	1.74M	606K	6.28M	24.7M	23.32M
Interest Expense	0	75K	0	0	496K	7.5M	19M	31.34M	31.92M
Other Income/Expense	-532K	-91K	1.42M	5.15M	-641K	-8.86M	-17.47M	-15.24M	-12.03M
Pretax Income+	-36.37M	-40.85M	-71.16M	-85.65M	-37.07M	-50.63M	-85.29M	-67.4M	-18.89M
Pretax Margin %	-0.29%	-0.22%	-0.27%	-0.24%	-0.08%	-0.09%	-0.12%	-0.08%	-0.02%
Income Tax+	843K	171K	2.36M	13.36M	5.66M	-3.95M	6.93M	10.88M	17.41M
Effective Tax Rate %	1.02%	1%	1.03%	1.16%	1.15%	0.92%	1.08%	1.16%	1.92%
Net Income+	-37.21M	-41.02M	-73.52M	-99.01M	-42.73M	-46.68M	-92.22M	-78.28M	-36.3M
Net Margin %	-0.3%	-0.22%	-0.27%	-0.28%	-0.1%	-0.09%	-0.13%	-0.1%	-0.04%
Net Income Growth %	-	-0.1%	-0.79%	-0.35%	0.57%	-0.09%	-0.98%	0.15%	0.54%
Net Income (Continuing)	-37.21M	-41.02M	-73.52M	-99.01M	-42.73M	-46.68M	-92.22M	-78.28M	-36.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	-0.52	-1.37	-1.03	-0.42	-0.44	-0.83	-0.68	-0.31
EPS Growth %	-	-0.11%	-1.63%	0.25%	0.59%	-0.05%	-0.89%	0.18%	0.54%
EPS (Basic)	-0.47	-0.52	-1.37	-1.03	-0.42	-0.44	-0.83	-0.68	-0.31
Diluted Shares Outstanding	78.88M	78.88M	53.67M	96.01M	101.01M	106.39M	111.32M	115.41M	118.79M
Basic Shares Outstanding	78.88M	78.88M	53.59M	96.01M	101.01M	106.39M	111.32M	115.41M	118.79M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	87.71M	111.25M	396.79M	362.96M	483.79M	749.44M	857.17M	805.47M	940.75M
Cash & Short-Term Investments	34.47M	27.21M	283.24M	212.27M	291.85M	512.29M	567.43M	473.97M	577.19M
Cash Only	34.47M	27.21M	165.12M	74.36M	178.22M	278M	300.87M	237.13M	328.65M
Short-Term Investments	0	0	118.12M	137.9M	113.62M	234.29M	266.57M	236.84M	248.55M
Accounts Receivable	36.07M	50.88M	68.26M	94.83M	115.34M	136.6M	187.34M	220.06M	258.73M
Days Sales Outstanding	105.86	98.93	93.19	97.61	95.63	92.14	100.09	100.56	104.93
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	9.63M	17.17M	23.27M	28.5M	32.14M	40.31M	102.39M	111.44M	104.82M
Total Non-Current Assets+	17.78M	53.08M	63.82M	195.65M	206.8M	499.38M	582.36M	801.4M	801.37M
Property, Plant & Equipment	9.86M	13.01M	19.85M	69.69M	78.35M	75.36M	85.22M	80.27M	84.4M
Fixed Asset Turnover	12.61x	14.43x	13.47x	5.09x	5.62x	7.18x	8.02x	9.95x	10.66x
Goodwill	265K	265K	265K	54.14M	54.41M	261.61M	316.52M	518.54M	541.29M
Intangible Assets	1.63M	1.03M	427K	15.51M	13.19M	71.54M	75.38M	107.02M	94.46M
Long-Term Investments	0	262K	300K	0	0	300K	15M	9.4M	0
Other Non-Current Assets	6.02M	38.78M	43.97M	56.31M	60.84M	90.87M	105.25M	86.17M	81.22M
Total Assets+	105.49M	164.34M	460.61M	558.61M	690.59M	1.25B	1.44B	1.61B	1.74B
Asset Turnover	1.18x	1.14x	0.58x	0.63x	0.64x	0.43x	0.47x	0.50x	0.52x
Asset Growth %	-	0.56%	1.8%	0.21%	0.24%	0.81%	0.15%	0.12%	0.08%
Total Current Liabilities+	106.25M	180.35M	254.3M	327.64M	374.9M	483.88M	584.16M	675.84M	738.09M
Accounts Payable	651K	338K	171K	1.73M	5.73M	16.25M	18.72M	16.94M	19.98M
Days Payables Outstanding	16.71	4.82	1.45	10.39	26.97	55.76	44.15	33.68	36.53
Short-Term Debt	0	0	4.26M	0	0	0	0	0	2.58M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.4M	6.63M	26.41M	37.92M	1.03M	3.76M	57.5M	5.66M	2.57M
Current Ratio	0.83x	0.62x	1.56x	1.11x	1.29x	1.55x	1.47x	1.19x	1.27x
Quick Ratio	0.83x	0.62x	1.56x	1.11x	1.29x	1.55x	1.47x	1.19x	1.27x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	301.16M	355.66M	84.55M	132.06M	165.02M	549.62M	584.5M	584.69M	604.07M
Long-Term Debt	0	0	0	0	0	364.73M	361.97M	359.28M	356.7M
Capital Lease Obligations	0	0	6.05M	40.66M	54.53M	55.05M	52.61M	48.06M	56.22M
Deferred Tax Liabilities	-1.1M	-1.1M	0	0	0	0	0	0	0
Other Non-Current Liabilities	281.73M	284.74M	2.23M	2.62M	4.8M	6.46M	7.44M	7.63M	8.33M
Total Liabilities	407.41M	536M	338.85M	459.71M	539.92M	1.03B	1.17B	1.26B	1.34B
Total Debt+	1.1M	2.9M	10.32M	45.87M	58.34M	422.09M	420.4M	413.31M	422.31M
Net Debt	-33.37M	-24.31M	-154.8M	-28.49M	-119.88M	144.09M	119.54M	176.18M	93.66M
Debt / Equity	-	-	0.08x	0.46x	0.39x	1.96x	1.55x	1.19x	1.06x
Debt / EBITDA	-	-	-	-	-	-	-	-	16.03x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	3.55x
Interest Coverage	-	-543.47x	-	-	-73.45x	-5.57x	-3.57x	-1.66x	-0.21x
Total Equity+	-301.92M	-371.67M	121.76M	98.91M	150.66M	215.31M	270.87M	346.34M	399.95M
Equity Growth %	-	-0.23%	1.33%	-0.19%	0.52%	0.43%	0.26%	0.28%	0.15%
Book Value per Share	-3.83	-4.71	2.27	1.03	1.49	2.02	2.43	3.00	3.37
Total Shareholders' Equity	-301.92M	-371.67M	121.76M	98.91M	150.66M	215.31M	270.87M	346.34M	399.95M
Common Stock	212K	246K	931K	986K	1.04M	1.09M	1.13M	1.18M	1.22M
Retained Earnings	-313.15M	-392.59M	-466.11M	-565.12M	-607.85M	-654.53M	-746.75M	-825.03M	-861.34M
Treasury Stock	0	0	0	0	0	0	0	-14.93M	-114.91M
Accumulated OCI	-7.01M	-8.73M	-13.19M	50K	10K	-306K	-1.35M	38K	318K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.79M	-6.27M	-2.56M	-10.74M	64.23M	96.77M	131.15M	149.85M	217.48M
Operating CF Margin %	-0.02%	-0.03%	-0.01%	-0.03%	0.15%	0.18%	0.19%	0.19%	0.24%
Operating CF Growth %	-	-1.25%	0.59%	-3.2%	6.98%	0.51%	0.36%	0.14%	0.45%
Net Income	-37.21M	-41.02M	-73.52M	-99.01M	-42.73M	-46.68M	-92.22M	-78.28M	-36.3M
Depreciation & Amortization	3.06M	4.69M	6.19M	6.88M	10.63M	16.17M	22.19M	27.11M	33.21M
Stock-Based Compensation	2.53M	7.76M	22.88M	0	0	79.41M	120.63M	145.33M	163.51M
Deferred Taxes	635K	-873K	0	4.24M	161K	-10.47M	-2.78M	265K	0
Other Non-Cash Items	953K	125K	533K	40.83M	60.64M	3.92M	5.5M	475K	3.34M
Working Capital Changes	27.88M	23.05M	41.36M	36.32M	35.52M	54.42M	77.82M	54.96M	53.71M
Change in Receivables	-13.56M	-14.77M	-17.41M	-25.94M	-20.01M	-17.23M	-51.26M	-30.04M	-38.73M
Change in Inventory	0	0	-5.59M	0	0	0	0	0	0
Change in Payables	825K	1.92M	294K	4.24M	-5.28M	24.33M	409K	7.07M	-8.26M
Cash from Investing+	-7.85M	-2.75M	-123.22M	-113.05M	4.08M	-391.59M	-128.04M	-212.62M	-41.43M
Capital Expenditures	-5.78M	-2.75M	-5.73M	-20.67M	-20.28M	-3.89M	-9.36M	-1.7M	-4.25M
CapEx % of Revenue	0.05%	0.01%	0.02%	0.06%	0.05%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-117.49M	0	0	-2.67M	-9.79M	-7.05M	-2.94M
Cash from Financing+	1.36M	2.09M	264.75M	34.16M	36.4M	397.65M	23.32M	1.25M	-79.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	495K	2.78M	-3.71M	0	-346K	22.65M	27.07M	19.93M	24.33M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.56M	-9.02M	-8.29M	-31.42M	43.95M	90.2M	112M	141.1M	213.23M
FCF Margin %	-0.07%	-0.05%	-0.03%	-0.09%	0.1%	0.17%	0.16%	0.18%	0.24%
FCF Growth %	-	-0.05%	0.08%	-2.79%	2.4%	1.05%	0.24%	0.26%	0.51%
FCF per Share	-0.11	-0.11	-0.15	-0.33	0.44	0.85	1.01	1.22	1.80
FCF Conversion (FCF/Net Income)	0.07x	0.15x	0.03x	0.11x	-1.50x	-2.07x	-1.42x	-1.91x	-5.99x
Interest Paid	6K	79K	111K	0	0	4.98M	16.05M	34.32M	30.98M
Taxes Paid	307K	642K	1.21M	0	0	6.48M	10.58M	8.98M	15.18M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-60.38%	-89.74%	-34.24%	-25.51%	-37.94%	-25.37%	-9.73%
Return on Invested Capital (ROIC)	-	-	-	-364.38%	-54%	-16.06%	-13.57%	-8.57%	-1.01%
Gross Margin	88.57%	86.37%	83.85%	82.85%	82.38%	80.34%	77.34%	77.02%	77.82%
Net Margin	-29.92%	-21.85%	-27.5%	-27.92%	-9.71%	-8.63%	-13.5%	-9.8%	-4.03%
Debt / Equity	-	-	0.08x	0.46x	0.39x	1.96x	1.55x	1.19x	1.06x
Interest Coverage	-	-543.47x	-	-	-73.45x	-5.57x	-3.57x	-1.66x	-0.21x
FCF Conversion	0.07x	0.15x	0.03x	0.11x	-1.50x	-2.07x	-1.42x	-1.91x	-5.99x
Revenue Growth	-	50.94%	42.42%	32.62%	24.15%	22.92%	26.25%	16.91%	12.68%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Subscription and Circulation	-	-	-	-	612.51M	725.01M	824.66M
Subscription and Circulation Growth	-	-	-	-	-	18.37%	13.74%
License and Maintenance	54.62M	54.17M	50.59M	50.33M	50.7M	48.73M	47.77M
License and Maintenance Growth	-	-0.82%	-6.61%	-0.52%	0.73%	-3.89%	-1.96%
Service, Other	6.91M	9.86M	12.27M	14.77M	19.98M	24.97M	27.59M
Service, Other Growth	-	42.73%	24.42%	20.38%	35.25%	24.95%	10.49%
License	205.83M	290.55M	377.35M	476.02M	-	-	-
License Growth	-	41.16%	29.88%	26.15%	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Americas	191.2M	243.62M	293.73M	347.72M	432.73M	500.51M	558.07M
Americas Growth	-	27.41%	20.57%	18.38%	24.45%	15.66%	11.50%
EMEA	53.84M	77.68M	102.16M	135.18M	175.77M	205.85M	239.74M
EMEA Growth	-	44.27%	31.51%	32.32%	30.03%	17.12%	16.46%
Asia Pacific	22.32M	33.29M	44.33M	58.23M	74.69M	92.35M	102.21M
Asia Pacific Growth	-	49.19%	33.15%	31.35%	28.27%	23.64%	10.68%

Frequently Asked Questions

Growth & Financials

Tenable Holdings, Inc. (TENB) reported $974.6M in revenue for fiscal year 2024. This represents a 684% increase from $124.4M in 2016.

Tenable Holdings, Inc. (TENB) grew revenue by 12.7% over the past year. This is steady growth.

Tenable Holdings, Inc. (TENB) reported a net loss of $33.5M for fiscal year 2024.

Dividend & Returns

Tenable Holdings, Inc. (TENB) has a return on equity (ROE) of -9.7%. Negative ROE indicates the company is unprofitable.

Tenable Holdings, Inc. (TENB) generated $250.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Tenable Holdings, Inc. (TENB) 10-Year Financial Performance & Capital Metrics

TENB • • Industrial / General

TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementEndpoint Security & Threat Protection

Revenue $900M +12.7%
EBITDA $26M +205.2%
Net Income -$36M +53.6%
EPS (Diluted) -0.31 +54.4%
Gross Margin 77.82% +1.0%
EBITDA Margin 2.93% +193.3%
Operating Margin -0.76% +88.3%
Net Margin -4.03% +58.8%
ROE -9.73% +61.6%
ROIC -1.01% +88.2%
Debt/Equity 1.06 -11.5%
Interest Coverage -0.21 +87.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 23.7% free cash flow margin
✓Strong 5Y sales CAGR of 20.5%

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y20.48%

3Y18.48%

TTM11.05%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM43.97%

EPS CAGR

10Y-

5Y-

3Y-

TTM45.52%

ROCE

10Y Avg-21.97%

5Y Avg-7.2%

3Y Avg-4.97%

Latest-0.71%

Peer Comparison

Endpoint Security & Threat Protection

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RPDRapid7, Inc.	870.89M	13.30	33.25	8.53%	2.19%	14.76%	19.32%	57.49
QLYSQualys, Inc.	4.8B	133.79	28.77	9.58%	28.96%	35.73%	4.83%	0.10
GENGen Digital Inc.	16.27B	26.38	25.61	3.55%	12.74%	23.2%	7.41%	3.66
CISOCISO Global Inc.	22.82M	0.52	-0.26	-46.11%	-41.01%	-69.62%		10.72
RBRKRubrik, Inc.	10.49B	69.05	-9.23	41.19%	-31.48%		0.3%
SSentinelOne, Inc.	4.69B	14.08	-15.30	32.25%	-43.04%	-26.54%	0.14%	0.01
BBBlackBerry Limited	2.31B	3.92	-30.15	-29.54%	-0.52%	-10.59%	0.28%	0.33
TENBTenable Holdings, Inc.	2.7B	22.63	-73	12.68%	-3.44%	-9.73%	7.9%	1.06

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	124.37M	187.73M	267.36M	354.59M	440.22M	541.13M	683.19M	798.71M	900.02M
Revenue Growth %	-	0.51%	0.42%	0.33%	0.24%	0.23%	0.26%	0.17%	0.13%
Cost of Goods Sold+	14.22M	25.59M	43.17M	60.82M	77.55M	106.4M	154.79M	183.58M	199.67M
COGS % of Revenue	0.11%	0.14%	0.16%	0.17%	0.18%	0.2%	0.23%	0.23%	0.22%
Gross Profit+	110.15M	162.14M	224.19M	293.77M	362.67M	434.73M	528.4M	615.13M	700.35M
Gross Margin %	0.89%	0.86%	0.84%	0.83%	0.82%	0.8%	0.77%	0.77%	0.78%
Gross Profit Growth %	-	0.47%	0.38%	0.31%	0.23%	0.2%	0.22%	0.16%	0.14%
Operating Expenses+	145.99M	202.9M	296.77M	384.57M	399.1M	476.5M	596.22M	667.29M	707.21M
OpEx % of Revenue	1.17%	1.08%	1.11%	1.08%	0.91%	0.88%	0.87%	0.84%	0.79%
Selling, General & Admin	105.9M	145.23M	220.08M	297.5M	297.41M	360.07M	452.66M	509.63M	519.51M
SG&A % of Revenue	0.85%	0.77%	0.82%	0.84%	0.68%	0.67%	0.66%	0.64%	0.58%
Research & Development	40.09M	57.67M	76.7M	87.06M	101.69M	116.43M	143.56M	153.16M	181.62M
R&D % of Revenue	0.32%	0.31%	0.29%	0.25%	0.23%	0.22%	0.21%	0.19%	0.2%
Other Operating Expenses	-532K	-91K	1.42M	-680K	0	0	0	4.5M	6.07M
Operating Income+	-35.83M	-40.76M	-72.58M	-90.8M	-36.43M	-41.77M	-67.81M	-52.16M	-6.86M
Operating Margin %	-0.29%	-0.22%	-0.27%	-0.26%	-0.08%	-0.08%	-0.1%	-0.07%	-0.01%
Operating Income Growth %	-	-0.14%	-0.78%	-0.25%	0.6%	-0.15%	-0.62%	0.23%	0.87%
EBITDA+	-32.77M	-36.07M	-66.39M	-83.92M	-25.8M	-25.6M	-45.62M	-25.05M	26.35M
EBITDA Margin %	-0.26%	-0.19%	-0.25%	-0.24%	-0.06%	-0.05%	-0.07%	-0.03%	0.03%
EBITDA Growth %	-	-0.1%	-0.84%	-0.26%	0.69%	0.01%	-0.78%	0.45%	2.05%
D&A (Non-Cash Add-back)	3.06M	4.69M	6.19M	6.88M	10.63M	16.17M	22.19M	27.11M	33.21M
EBIT	-35.83M	-40.76M	-72.58M	-90.8M	-36.58M	-43.73M	-66.29M	-36.06M	13.03M
Net Interest Income+	0	-75K	2.35M	5.83M	1.24M	-6.9M	-12.72M	-6.64M	-8.6M
Interest Income	0	0	2.35M	5.83M	1.74M	606K	6.28M	24.7M	23.32M
Interest Expense	0	75K	0	0	496K	7.5M	19M	31.34M	31.92M
Other Income/Expense	-532K	-91K	1.42M	5.15M	-641K	-8.86M	-17.47M	-15.24M	-12.03M
Pretax Income+	-36.37M	-40.85M	-71.16M	-85.65M	-37.07M	-50.63M	-85.29M	-67.4M	-18.89M
Pretax Margin %	-0.29%	-0.22%	-0.27%	-0.24%	-0.08%	-0.09%	-0.12%	-0.08%	-0.02%
Income Tax+	843K	171K	2.36M	13.36M	5.66M	-3.95M	6.93M	10.88M	17.41M
Effective Tax Rate %	1.02%	1%	1.03%	1.16%	1.15%	0.92%	1.08%	1.16%	1.92%
Net Income+	-37.21M	-41.02M	-73.52M	-99.01M	-42.73M	-46.68M	-92.22M	-78.28M	-36.3M
Net Margin %	-0.3%	-0.22%	-0.27%	-0.28%	-0.1%	-0.09%	-0.13%	-0.1%	-0.04%
Net Income Growth %	-	-0.1%	-0.79%	-0.35%	0.57%	-0.09%	-0.98%	0.15%	0.54%
Net Income (Continuing)	-37.21M	-41.02M	-73.52M	-99.01M	-42.73M	-46.68M	-92.22M	-78.28M	-36.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	-0.52	-1.37	-1.03	-0.42	-0.44	-0.83	-0.68	-0.31
EPS Growth %	-	-0.11%	-1.63%	0.25%	0.59%	-0.05%	-0.89%	0.18%	0.54%
EPS (Basic)	-0.47	-0.52	-1.37	-1.03	-0.42	-0.44	-0.83	-0.68	-0.31
Diluted Shares Outstanding	78.88M	78.88M	53.67M	96.01M	101.01M	106.39M	111.32M	115.41M	118.79M
Basic Shares Outstanding	78.88M	78.88M	53.59M	96.01M	101.01M	106.39M	111.32M	115.41M	118.79M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	87.71M	111.25M	396.79M	362.96M	483.79M	749.44M	857.17M	805.47M	940.75M
Cash & Short-Term Investments	34.47M	27.21M	283.24M	212.27M	291.85M	512.29M	567.43M	473.97M	577.19M
Cash Only	34.47M	27.21M	165.12M	74.36M	178.22M	278M	300.87M	237.13M	328.65M
Short-Term Investments	0	0	118.12M	137.9M	113.62M	234.29M	266.57M	236.84M	248.55M
Accounts Receivable	36.07M	50.88M	68.26M	94.83M	115.34M	136.6M	187.34M	220.06M	258.73M
Days Sales Outstanding	105.86	98.93	93.19	97.61	95.63	92.14	100.09	100.56	104.93
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	9.63M	17.17M	23.27M	28.5M	32.14M	40.31M	102.39M	111.44M	104.82M
Total Non-Current Assets+	17.78M	53.08M	63.82M	195.65M	206.8M	499.38M	582.36M	801.4M	801.37M
Property, Plant & Equipment	9.86M	13.01M	19.85M	69.69M	78.35M	75.36M	85.22M	80.27M	84.4M
Fixed Asset Turnover	12.61x	14.43x	13.47x	5.09x	5.62x	7.18x	8.02x	9.95x	10.66x
Goodwill	265K	265K	265K	54.14M	54.41M	261.61M	316.52M	518.54M	541.29M
Intangible Assets	1.63M	1.03M	427K	15.51M	13.19M	71.54M	75.38M	107.02M	94.46M
Long-Term Investments	0	262K	300K	0	0	300K	15M	9.4M	0
Other Non-Current Assets	6.02M	38.78M	43.97M	56.31M	60.84M	90.87M	105.25M	86.17M	81.22M
Total Assets+	105.49M	164.34M	460.61M	558.61M	690.59M	1.25B	1.44B	1.61B	1.74B
Asset Turnover	1.18x	1.14x	0.58x	0.63x	0.64x	0.43x	0.47x	0.50x	0.52x
Asset Growth %	-	0.56%	1.8%	0.21%	0.24%	0.81%	0.15%	0.12%	0.08%
Total Current Liabilities+	106.25M	180.35M	254.3M	327.64M	374.9M	483.88M	584.16M	675.84M	738.09M
Accounts Payable	651K	338K	171K	1.73M	5.73M	16.25M	18.72M	16.94M	19.98M
Days Payables Outstanding	16.71	4.82	1.45	10.39	26.97	55.76	44.15	33.68	36.53
Short-Term Debt	0	0	4.26M	0	0	0	0	0	2.58M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.4M	6.63M	26.41M	37.92M	1.03M	3.76M	57.5M	5.66M	2.57M
Current Ratio	0.83x	0.62x	1.56x	1.11x	1.29x	1.55x	1.47x	1.19x	1.27x
Quick Ratio	0.83x	0.62x	1.56x	1.11x	1.29x	1.55x	1.47x	1.19x	1.27x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	301.16M	355.66M	84.55M	132.06M	165.02M	549.62M	584.5M	584.69M	604.07M
Long-Term Debt	0	0	0	0	0	364.73M	361.97M	359.28M	356.7M
Capital Lease Obligations	0	0	6.05M	40.66M	54.53M	55.05M	52.61M	48.06M	56.22M
Deferred Tax Liabilities	-1.1M	-1.1M	0	0	0	0	0	0	0
Other Non-Current Liabilities	281.73M	284.74M	2.23M	2.62M	4.8M	6.46M	7.44M	7.63M	8.33M
Total Liabilities	407.41M	536M	338.85M	459.71M	539.92M	1.03B	1.17B	1.26B	1.34B
Total Debt+	1.1M	2.9M	10.32M	45.87M	58.34M	422.09M	420.4M	413.31M	422.31M
Net Debt	-33.37M	-24.31M	-154.8M	-28.49M	-119.88M	144.09M	119.54M	176.18M	93.66M
Debt / Equity	-	-	0.08x	0.46x	0.39x	1.96x	1.55x	1.19x	1.06x
Debt / EBITDA	-	-	-	-	-	-	-	-	16.03x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	3.55x
Interest Coverage	-	-543.47x	-	-	-73.45x	-5.57x	-3.57x	-1.66x	-0.21x
Total Equity+	-301.92M	-371.67M	121.76M	98.91M	150.66M	215.31M	270.87M	346.34M	399.95M
Equity Growth %	-	-0.23%	1.33%	-0.19%	0.52%	0.43%	0.26%	0.28%	0.15%
Book Value per Share	-3.83	-4.71	2.27	1.03	1.49	2.02	2.43	3.00	3.37
Total Shareholders' Equity	-301.92M	-371.67M	121.76M	98.91M	150.66M	215.31M	270.87M	346.34M	399.95M
Common Stock	212K	246K	931K	986K	1.04M	1.09M	1.13M	1.18M	1.22M
Retained Earnings	-313.15M	-392.59M	-466.11M	-565.12M	-607.85M	-654.53M	-746.75M	-825.03M	-861.34M
Treasury Stock	0	0	0	0	0	0	0	-14.93M	-114.91M
Accumulated OCI	-7.01M	-8.73M	-13.19M	50K	10K	-306K	-1.35M	38K	318K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.79M	-6.27M	-2.56M	-10.74M	64.23M	96.77M	131.15M	149.85M	217.48M
Operating CF Margin %	-0.02%	-0.03%	-0.01%	-0.03%	0.15%	0.18%	0.19%	0.19%	0.24%
Operating CF Growth %	-	-1.25%	0.59%	-3.2%	6.98%	0.51%	0.36%	0.14%	0.45%
Net Income	-37.21M	-41.02M	-73.52M	-99.01M	-42.73M	-46.68M	-92.22M	-78.28M	-36.3M
Depreciation & Amortization	3.06M	4.69M	6.19M	6.88M	10.63M	16.17M	22.19M	27.11M	33.21M
Stock-Based Compensation	2.53M	7.76M	22.88M	0	0	79.41M	120.63M	145.33M	163.51M
Deferred Taxes	635K	-873K	0	4.24M	161K	-10.47M	-2.78M	265K	0
Other Non-Cash Items	953K	125K	533K	40.83M	60.64M	3.92M	5.5M	475K	3.34M
Working Capital Changes	27.88M	23.05M	41.36M	36.32M	35.52M	54.42M	77.82M	54.96M	53.71M
Change in Receivables	-13.56M	-14.77M	-17.41M	-25.94M	-20.01M	-17.23M	-51.26M	-30.04M	-38.73M
Change in Inventory	0	0	-5.59M	0	0	0	0	0	0
Change in Payables	825K	1.92M	294K	4.24M	-5.28M	24.33M	409K	7.07M	-8.26M
Cash from Investing+	-7.85M	-2.75M	-123.22M	-113.05M	4.08M	-391.59M	-128.04M	-212.62M	-41.43M
Capital Expenditures	-5.78M	-2.75M	-5.73M	-20.67M	-20.28M	-3.89M	-9.36M	-1.7M	-4.25M
CapEx % of Revenue	0.05%	0.01%	0.02%	0.06%	0.05%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-117.49M	0	0	-2.67M	-9.79M	-7.05M	-2.94M
Cash from Financing+	1.36M	2.09M	264.75M	34.16M	36.4M	397.65M	23.32M	1.25M	-79.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	495K	2.78M	-3.71M	0	-346K	22.65M	27.07M	19.93M	24.33M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.56M	-9.02M	-8.29M	-31.42M	43.95M	90.2M	112M	141.1M	213.23M
FCF Margin %	-0.07%	-0.05%	-0.03%	-0.09%	0.1%	0.17%	0.16%	0.18%	0.24%
FCF Growth %	-	-0.05%	0.08%	-2.79%	2.4%	1.05%	0.24%	0.26%	0.51%
FCF per Share	-0.11	-0.11	-0.15	-0.33	0.44	0.85	1.01	1.22	1.80
FCF Conversion (FCF/Net Income)	0.07x	0.15x	0.03x	0.11x	-1.50x	-2.07x	-1.42x	-1.91x	-5.99x
Interest Paid	6K	79K	111K	0	0	4.98M	16.05M	34.32M	30.98M
Taxes Paid	307K	642K	1.21M	0	0	6.48M	10.58M	8.98M	15.18M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-60.38%	-89.74%	-34.24%	-25.51%	-37.94%	-25.37%	-9.73%
Return on Invested Capital (ROIC)	-	-	-	-364.38%	-54%	-16.06%	-13.57%	-8.57%	-1.01%
Gross Margin	88.57%	86.37%	83.85%	82.85%	82.38%	80.34%	77.34%	77.02%	77.82%
Net Margin	-29.92%	-21.85%	-27.5%	-27.92%	-9.71%	-8.63%	-13.5%	-9.8%	-4.03%
Debt / Equity	-	-	0.08x	0.46x	0.39x	1.96x	1.55x	1.19x	1.06x
Interest Coverage	-	-543.47x	-	-	-73.45x	-5.57x	-3.57x	-1.66x	-0.21x
FCF Conversion	0.07x	0.15x	0.03x	0.11x	-1.50x	-2.07x	-1.42x	-1.91x	-5.99x
Revenue Growth	-	50.94%	42.42%	32.62%	24.15%	22.92%	26.25%	16.91%	12.68%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Subscription and Circulation	-	-	-	-	612.51M	725.01M	824.66M
Subscription and Circulation Growth	-	-	-	-	-	18.37%	13.74%
License and Maintenance	54.62M	54.17M	50.59M	50.33M	50.7M	48.73M	47.77M
License and Maintenance Growth	-	-0.82%	-6.61%	-0.52%	0.73%	-3.89%	-1.96%
Service, Other	6.91M	9.86M	12.27M	14.77M	19.98M	24.97M	27.59M
Service, Other Growth	-	42.73%	24.42%	20.38%	35.25%	24.95%	10.49%
License	205.83M	290.55M	377.35M	476.02M	-	-	-
License Growth	-	41.16%	29.88%	26.15%	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Americas	191.2M	243.62M	293.73M	347.72M	432.73M	500.51M	558.07M
Americas Growth	-	27.41%	20.57%	18.38%	24.45%	15.66%	11.50%
EMEA	53.84M	77.68M	102.16M	135.18M	175.77M	205.85M	239.74M
EMEA Growth	-	44.27%	31.51%	32.32%	30.03%	17.12%	16.46%
Asia Pacific	22.32M	33.29M	44.33M	58.23M	74.69M	92.35M	102.21M
Asia Pacific Growth	-	49.19%	33.15%	31.35%	28.27%	23.64%	10.68%

Frequently Asked Questions

Growth & Financials

Tenable Holdings, Inc. (TENB) reported $974.6M in revenue for fiscal year 2024. This represents a 684% increase from $124.4M in 2016.

Tenable Holdings, Inc. (TENB) grew revenue by 12.7% over the past year. This is steady growth.

Tenable Holdings, Inc. (TENB) reported a net loss of $33.5M for fiscal year 2024.

Dividend & Returns

Tenable Holdings, Inc. (TENB) has a return on equity (ROE) of -9.7%. Negative ROE indicates the company is unprofitable.

Tenable Holdings, Inc. (TENB) generated $250.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.