Tenable Holdings, Inc. (TENB) AI Stock Analysis

Tenable Holdings, Inc. is a provider of cyber exposure solutions operating across the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company delivers cloud-delivered Software as a Service solutions, led by Tenable.io, which provides organizations with a risk-based view of attack surfaces to prioritize vulnerabilities. Additional platforms include Tenable.cs for detecting and remediating cloud infrastructure misconfigurations, Tenable.io WAS for scanning web applications, and Tenable.ep, which unifies risk assessment across entire attack surfaces. Founded in 2002 and based in Columbia, Maryland, the company serves organizations seeking proactive management of digital infrastructure risks.

Revenue expanded from $541.1M in FY2021 to $999.4M in FY2025, posting a 5-year compound annual growth rate of 17.8% from FY2020 to FY2025. Annual top-line growth moderated from 22.9% in FY2021 to 11.0% in FY2025, while gross margin remained steady at 78.1% in FY2025 compared to 80.3% in FY2021. Operating margin improved from -7.7% in FY2021 to 0.1% in FY2025, though net income remained negative at -$36.1M in FY2025. For the trailing twelve months ending June 30, 2026, revenue stood at $1.04B with a profit margin of 0.7% and EPS of $0.06. Year-over-year quarterly revenue growth slowed to 8.6% in the quarter ending June 30, 2026.

As of June 30, 2026, Tenable held $298.2M in cash and short-term investments against $421.6M in total debt, resulting in net debt of $123.4M. Shareholders' equity was $198.4M, with total assets of $1.57B, a current ratio of 0.79, and a debt-to-equity ratio of 2.12. In FY2025, the company generated $266.8M in operating cash flow and $254.6M in free cash flow. Capital allocation in FY2025 included $12.1M in capital expenditures and $247.5M spent on share buybacks, while the share count increased 6.9% over five years.

Tenable trades at a trailing P/E of 620.0x and an EV/EBITDA of 46.8x, compared to the median of its US-listed Technology peers of 28.1x and 16.6x, respectively. Its price-to-sales multiple is 3.9x, also above the peer median of 2.8x, while its forward P/E of 16.3x sits below the peer median of 18.8x. Tenable's enterprise value is $4.11B on a market capitalization of $4.10B. Over the past year, the stock returned 27.4%, outperforming the S&P 500 return of 16.8%, but its 5-year return of -26.8% lagged the S&P 500 gain of 83.0%.

Wall Street analysts hold 5 Strong Buy, 3 Buy, 13 Hold, 1 Sell, and 1 Strong Sell recommendations on Tenable. The mean price target is $35.50, representing a 4.6% discount to the last close price of $37.20. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $1.99 on revenue of $1.08B. For the following fiscal year, 23 analysts expect EPS of $2.19 on $1.16B in revenue. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is October 28, 2026.

This page is an AI-written research summary of Tenable Holdings, Inc. (TENB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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