TENB - Tenable Holdings, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$28.38
DETAILS
HIGH:
$37.00
LOW:
$22.00
MEDIAN:
$27.00
CONSENSUS:
$28.38
UPSIDE:
11.51%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 999.4 | 900.0 | 798.7 | 683.2 | 541.1 | 440.2 | 354.6 | 267.4 | 187.7 | 124.4 |
| Cost of Revenue | 218.9 | 199.7 | 183.6 | 154.8 | 106.4 | 77.6 | 60.8 | 43.2 | 25.6 | 14.2 |
| Gross Profit | 780.5 | 700.4 | 615.1 | 528.4 | 434.7 | 362.7 | 293.8 | 224.2 | 162.1 | 110.2 |
| Operating Expenses | ||||||||||
| R&D Expenses | 223.7 | 181.6 | 153.2 | 143.6 | 116.4 | 101.7 | 87.1 | 76.7 | 57.7 | 40.1 |
| SG&A Expenses | 562.9 | 519.5 | 509.6 | 452.7 | 360.1 | 297.4 | 297.5 | 220.1 | 145.2 | 105.9 |
| Other Expenses | (7.3) | 6.1 | 4.5 | 0 | 0 | 0 | (0.7) | 1.4 | (0.1) | (0.5) |
| Operating Expenses | 779.3 | 707.2 | 667.3 | 596.2 | 476.5 | 399.1 | 384.6 | 296.8 | 202.9 | 146.0 |
| Operating Income | ||||||||||
| Operating Income | 1.2 | (6.9) | (52.2) | (67.8) | (41.8) | (36.4) | (90.8) | (72.6) | (40.8) | (35.8) |
| Interest Expense | 28.4 | 31.9 | 31.3 | 19.0 | 7.5 | 0.5 | 0 | 0 | 0.1 | 0 |
| Interest Income | 16.0 | 23.3 | 24.7 | 6.3 | 0.6 | 1.7 | 5.8 | 2.4 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | 47.4 | 46.2 | (9.0) | (44.1) | (27.6) | (25.9) | (83.9) | (66.4) | (36.1) | (32.8) |
| EBIT | 5.5 | 13.0 | (36.1) | (66.3) | (43.7) | (36.6) | (90.8) | (72.6) | (40.8) | (35.8) |
| Income Before Tax | (22.9) | (18.9) | (67.4) | (85.3) | (50.6) | (37.1) | (85.6) | (71.2) | (40.9) | (36.4) |
| Income Tax Expense | 13.2 | 17.4 | 10.9 | 6.9 | (4.0) | 5.7 | 13.4 | 2.4 | 0.2 | 0.8 |
| Net Income | (36.1) | (36.3) | (78.3) | (92.2) | (46.7) | (42.7) | (99.0) | (73.5) | (41.0) | (37.2) |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.30 | -0.31 | -0.68 | -0.83 | -0.44 | -0.42 | -1.03 | -1.37 | -0.52 | -0.47 |
| EPS (Diluted) | -0.30 | -0.31 | -0.68 | -0.83 | -0.44 | -0.42 | -1.03 | -1.37 | -0.52 | -0.47 |
| Shares Outstanding | 120.1 | 118.8 | 115.4 | 111.3 | 106.4 | 101.0 | 96.0 | 53.6 | 78.9 | 78.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 187.8 | 328.6 | 237.1 | 300.9 | 278 | 178.2 | 74.4 | 165.1 | 27.2 | 34.5 |
| Short-Term Investments | 214.4 | 248.5 | 236.8 | 266.6 | 234.3 | 113.6 | 137.9 | 118.1 | 0 | 0 |
| Net Receivables | 279.1 | 258.7 | 220.1 | 187.3 | 136.6 | 115.3 | 94.8 | 68.3 | 50.9 | 36.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 92.3 | 104.8 | 111.4 | 102.4 | 40.3 | 32.1 | 28.5 | 23.3 | 17.2 | 9.6 |
| Total Current Assets | 773.6 | 940.7 | 805.5 | 857.2 | 749.4 | 483.8 | 363.0 | 396.8 | 111.3 | 87.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 75.6 | 84.4 | 80.3 | 85.2 | 75.4 | 78.3 | 69.7 | 19.9 | 13.0 | 9.9 |
| Goodwill | 697.9 | 541.3 | 518.5 | 316.5 | 261.6 | 54.4 | 54.1 | 0.3 | 0.3 | 0.3 |
| Intangible Assets | 115.3 | 94.5 | 107.0 | 75.4 | 71.5 | 13.2 | 15.5 | 0.4 | 1.0 | 1.6 |
| Long-Term Investments | 0 | 0 | 9.4 | 15 | 0.3 | 0 | 0 | 0.3 | 0.3 | 0 |
| Other Non-Current Assets | 85.3 | 81.2 | 86.2 | 105.2 | 90.9 | 60.8 | 56.3 | 44.0 | 38.8 | 6.0 |
| Total Non-Current Assets | 974.1 | 801.4 | 801.4 | 582.4 | 499.4 | 206.8 | 195.7 | 63.8 | 53.1 | 17.8 |
| Total Assets | 1,747.7 | 1,742.1 | 1,606.9 | 1,439.5 | 1,248.8 | 690.6 | 558.6 | 460.6 | 164.3 | 105.5 |
| Current Liabilities | ||||||||||
| Account Payables | 21.9 | 20.0 | 16.9 | 18.7 | 16.3 | 5.7 | 1.7 | 0.2 | 0.3 | 0.7 |
| Short-Term Debt | 9.6 | 2.6 | 0 | 0 | 0 | 0 | 0 | 4.3 | 0 | 0 |
| Deferred Revenue | 706.9 | 650.4 | 580.8 | 502.1 | 407.5 | 328.8 | 274.3 | 213.6 | 154.9 | 88.0 |
| Other Current Liabilities | 5.4 | 2.6 | 5.7 | 57.5 | 3.8 | 1.0 | 37.9 | 26.4 | 6.6 | 3.4 |
| Total Current Liabilities | 812.9 | 738.1 | 675.8 | 584.2 | 483.9 | 374.9 | 327.6 | 254.3 | 180.3 | 106.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 405.1 | 356.7 | 359.3 | 362.0 | 364.7 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.1) | (1.1) |
| Other Non-Current Liabilities | (40.0) | 8.3 | 7.6 | 7.4 | 6.5 | 4.8 | 2.6 | 2.2 | 284.7 | 281.7 |
| Total Non-Current Liabilities | 608.3 | 604.1 | 584.7 | 584.5 | 549.6 | 165.0 | 132.1 | 84.5 | 355.7 | 301.2 |
| Total Liabilities | 1,421.3 | 1,342.2 | 1,260.5 | 1,168.7 | 1,033.5 | 539.9 | 459.7 | 338.8 | 536.0 | 407.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 1.3 | 1.2 | 1.2 | 1.1 | 1.1 | 1.0 | 1.0 | 0.9 | 0.2 | 0.2 |
| Retained Earnings | (897.5) | (861.3) | (825.0) | (746.8) | (654.5) | (607.9) | (565.1) | (466.1) | (392.6) | (313.1) |
| Accumulated Other Comprehensive Income | 0.4 | 0.3 | 0.0 | (1.4) | (0.3) | 0.0 | 0.1 | (13.2) | (8.7) | (7.0) |
| Total Stockholders' Equity | 326.4 | 400.0 | 346.3 | 270.9 | 215.3 | 150.7 | 98.9 | 121.8 | (371.7) | (301.9) |
| Total Liabilities & Equity | 1,747.7 | 1,742.1 | 1,606.9 | 1,439.5 | 1,248.8 | 690.6 | 558.6 | 460.6 | 164.3 | 105.5 |
| Debt Metrics | ||||||||||
| Total Debt | 465.6 | 422.3 | 413.3 | 420.4 | 422.1 | 58.3 | 45.9 | 10.3 | 2.9 | 1.1 |
| Net Debt | 277.8 | 93.7 | 176.2 | 119.5 | 144.1 | (119.9) | (28.5) | (154.8) | (24.3) | (33.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (36.1) | (36.3) | (78.3) | (92.2) | (46.7) | (42.7) | (99.0) | (73.5) | (41.0) | (37.2) |
| Depreciation & Amortization | 42.0 | 33.2 | 27.1 | 22.2 | 16.2 | 10.6 | 6.9 | 6.2 | 4.7 | 3.1 |
| Stock-Based Compensation | 0 | 163.5 | 145.3 | 120.6 | 79.4 | 59.6 | 41.6 | 22.9 | 7.8 | 2.5 |
| Change in Working Capital | 66.9 | 53.7 | 55.0 | 77.8 | 54.4 | 35.5 | 36.3 | 41.4 | 23.1 | 27.9 |
| Other Non-Cash Items | 194.0 | 3.3 | 0.5 | 5.5 | 3.9 | 1.1 | (0.8) | 0.5 | 0.1 | 1.0 |
| Operating Cash Flow | 266.8 | 217.5 | 149.9 | 131.2 | 96.8 | 64.2 | (10.7) | (2.6) | (6.3) | (2.8) |
| Investing Activities | ||||||||||
| Capital Expenditure | (12.1) | (4.2) | (8.8) | (19.1) | (6.6) | (20.3) | (20.7) | (5.7) | (2.8) | (5.8) |
| Acquisitions | (196.2) | (29.2) | (243.3) | (66.8) | (258.5) | (0.3) | (74.9) | 0 | 0 | (2.1) |
| Purchases of Investments | (145.3) | (289.0) | (278.2) | (276.7) | (287.4) | (184.5) | (242.1) | (117.5) | 0 | 0 |
| Sales/Maturities of Investments | 182.7 | 284.0 | 317.7 | 234.6 | 160.9 | 209.1 | 224.6 | 0 | 0 | 0 |
| Other Investing Activities | (3.6) | (2.9) | (7.1) | (9.8) | (2.7) | 0 | 0 | (117.5) | 0 | 0 |
| Investing Cash Flow | (174.6) | (41.4) | (212.6) | (128.0) | (391.6) | 4.1 | (113.0) | (123.2) | (2.8) | (7.9) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (3.8) | (3.8) | (3.8) | (3.8) | 375 | 2 | (0.0) | 0 | (0.3) | 1.0 |
| Stock Repurchased | (247.5) | (100.0) | (14.9) | 0 | 0 | 0 | 0 | (0.1) | (0.4) | (0.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.0) | 24.3 | 19.9 | 27.1 | 22.6 | (0.3) | 0 | (3.7) | 2.8 | 0.5 |
| Financing Cash Flow | (234.1) | (79.4) | 1.3 | 23.3 | 397.6 | 36.4 | 34.2 | 264.7 | 2.1 | 1.4 |
| Cash Position | ||||||||||
| Net Change in Cash | (140.9) | 91.5 | (63.7) | 22.6 | 99.8 | 103.9 | (90.8) | 137.9 | (7.0) | (9.3) |
| Cash at Beginning | 328.6 | 237.1 | 300.9 | 278.3 | 178.5 | 74.4 | 165.1 | 27.5 | 34.5 | 43.7 |
| Cash at End | 187.8 | 328.6 | 237.1 | 300.9 | 278.3 | 178.2 | 74.4 | 165.4 | 27.5 | 34.5 |
| Free Cash Flow | 254.6 | 213.2 | 141.1 | 112.0 | 90.2 | 44.0 | (31.4) | (8.3) | (9.0) | (8.6) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 999.4 | 900.0 | 798.7 | 683.2 | 541.1 | 440.2 | 354.6 | 267.4 | 187.7 | 124.4 |
| Gross Profit | 780.5 | 700.4 | 615.1 | 528.4 | 434.7 | 362.7 | 293.8 | 224.2 | 162.1 | 110.2 |
| Operating Income | 1.2 | (6.9) | (52.2) | (67.8) | (41.8) | (36.4) | (90.8) | (72.6) | (40.8) | (35.8) |
| Net Income | (36.1) | (36.3) | (78.3) | (92.2) | (46.7) | (42.7) | (99.0) | (73.5) | (41.0) | (37.2) |
| EPS (Diluted) | -0.30 | -0.31 | -0.68 | -0.83 | -0.44 | -0.42 | -1.03 | -1.37 | -0.52 | -0.47 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 187.8 | 328.6 | 237.1 | 300.9 | 278 | 178.2 | 74.4 | 165.1 | 27.2 | 34.5 |
| Total Assets | 1,747.7 | 1,742.1 | 1,606.9 | 1,439.5 | 1,248.8 | 690.6 | 558.6 | 460.6 | 164.3 | 105.5 |
| Total Debt | 465.6 | 422.3 | 413.3 | 420.4 | 422.1 | 58.3 | 45.9 | 10.3 | 2.9 | 1.1 |
| Stockholders' Equity | 326.4 | 400.0 | 346.3 | 270.9 | 215.3 | 150.7 | 98.9 | 121.8 | (371.7) | (301.9) |
| Cash Flow | ||||||||||
| Operating Cash Flow | 266.8 | 217.5 | 149.9 | 131.2 | 96.8 | 64.2 | (10.7) | (2.6) | (6.3) | (2.8) |
| Capital Expenditure | (12.1) | (4.2) | (8.8) | (19.1) | (6.6) | (20.3) | (20.7) | (5.7) | (2.8) | (5.8) |
| Free Cash Flow | 254.6 | 213.2 | 141.1 | 112.0 | 90.2 | 44.0 | (31.4) | (8.3) | (9.0) | (8.6) |