TENBNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Tenable Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$38.93+1.73 (+4.65%)
Close on Oct 19, 2026
- Market cap
- $4.43B
- P/E (TTM)
- 778.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
78.1%−4.3 pts over 5 years
Operating margin
-0.9%+7.4 pts over 5 years
Net margin
-3.6%+6.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.0% | +13.5% | +17.8% | – | |
| Gross profit | +11.4% | +13.9% | +16.6% | – | |
| Free cash flow | +19.4% | +27.9% | +41.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 13.1% | -34.2% | -9.9% | |
| Return on assets | – | -6.8% | -2.1% | |
| Current ratio | – | 1.29 | 0.95 | |
| Interest coverage | – | -73.5× | -0.3× | |
| Capex to revenue | 4.6% | 4.3% | 1.2% | |
| Diluted shares | 21M | 101M | 120M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tenable generated $862.00M from operations and spent $393.68M on capital expenditure, dividends and share buybacks. 8% of that went back into the business.
Generated
$862.00M
Used
$393.68M
Capital expenditure$31.30M8%Dividends$00%Share buybacks$362.38M92%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.6%
×Asset turnover0.57×
×Equity multiplier4.80×
=Return on equity, FY2025-9.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.6% | 0.57× | 4.80× | -9.9% |
| FY2024 | -4.0% | 0.54× | 4.49× | -9.7% |
| FY2023 | -9.8% | 0.52× | 4.94× | -25.4% |
| FY2022 | -13.5% | 0.51× | 5.53× | -37.9% |
| FY2021 | -8.6% | 0.56× | 5.30× | -25.5% |
| FY2020 | -9.7% | 0.70× | 5.01× | -34.2% |
| FY2019 | -27.9% | 0.70× | 4.62× | -89.7% |
| FY2018 | -27.5% | 0.86× | -2.50× | 58.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$36.12M
- Cash generatingOperating cash flow above zero$266.75M
- Return on assets improvedROA up on the prior year-2.3% → -2.1%
- Earnings backed by cashOperating cash flow above net income$266.75M vs -$36.12M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.27 → 0.95
- No dilutionShare count did not rise119M → 120M
- Gross margin improvedGross margin up on the prior year77.82% → 78.09%
- More efficientAsset turnover rose0.56 → 0.57