Tenable Holdings, Inc. (TENB) Balance Sheet
TENB balance sheet, 2025
December 31, 2025 · U.S. dollars$1.75B assets = $1.42B liabilities + $326.4M equity
Both columns are drawn to the same scale: what TENB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TENB financial health
Descriptive bands, not a rating. Fiscal 2025.
TENB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $105.5M2016 | $1.75B2025 | +36.6%/yr | |
| Total liabilities | $407.4M2016 | $1.42B2025 | +14.9%/yr | |
| Shareholders’ equity | −$301.9M2016 | $326.4M2025 | — | |
| Cash & short-term investments | $34.5M2016 | $402.2M2025 | +31.4%/yr | |
| Total debt | $1.1M2016 | $465.6M2025 | +95.8%/yr | |
| Net cash (debt) | $33.4M2016 | −$63.4M2025 | −$96.7M | |
| Working capital | −$18.5M2016 | −$39.4M2025 | −$20.8M | |
| Book value per share | −$3.832016 | $2.722025 | — | |
| Current ratio | 0.832016 | 0.952025 | +0.13 | |
| Debt / equity | 0.082018 | 1.432025 | +1.34 | |
| Shares outstanding | 78.9M2016 | 120.1M2025 | +4.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TENB assets
TENB liabilities and equity
TENB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TENB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $402.2M | $577.2M | $474.0M | $567.4M | $512.3M | $291.8M | $212.3M | $283.2M | $27.2M | $34.5M |
| Cash & equivalents | $187.8M | $328.6M | $237.1M | $300.9M | $278.0M | $178.2M | $74.4M | $165.1M | $27.2M | $34.5M |
| Short-term investments | $214.4M | $248.5M | $236.8M | $266.6M | $234.3M | $113.6M | $137.9M | $118.1M | — | — |
| Receivables | $279.1M | $258.7M | $220.1M | $187.3M | $136.6M | $115.3M | $94.8M | $68.3M | $50.9M | $36.1M |
| Inventory | $0 | $0 | $1 | $44.3M | $1 | $0 | $1 | $0 | $1 | $1 |
| Other current assets | $92.3M | $104.8M | $111.4M | $58.1M | $100.5M | $76.6M | $55.9M | $45.3M | $33.2M | $17.2M |
| Total current assets | $773.6M | $940.7M | $805.5M | $857.2M | $749.4M | $483.8M | $363.0M | $396.8M | $111.3M | $87.7M |
| Property, plant & equipment (net) | $75.6M | $84.4M | $80.3M | $85.2M | $75.4M | $78.3M | $69.7M | $19.9M | $13.0M | $9.9M |
| Goodwill & intangible assets | $813.2M | $635.8M | $625.6M | $391.9M | $333.1M | $67.6M | $69.6M | $692,000 | $1.3M | $1.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $85.3M | $81.2M | $95.6M | $105.2M | $90.9M | $60.8M | $56.3M | $43.3M | $38.8M | $6.0M |
| Total assets | $1.75B | $1.74B | $1.61B | $1.44B | $1.25B | $690.6M | $558.6M | $460.6M | $164.3M | $105.5M |
| Liabilities | ||||||||||
| Accounts payable | $21.9M | $20.0M | $16.9M | $18.7M | $16.3M | $5.7M | $1.7M | $171,000 | $338,000 | $651,000 |
| Short-term debt | $9.6M | $9.4M | $6.0M | $8.5M | $2.3M | $3.8M | $5.2M | $4.3M | $23.4M | $16.6M |
| Deferred revenue | $706.9M | $650.4M | $580.8M | $502.1M | $407.5M | $328.8M | $274.3M | $213.6M | $154.9M | $88.0M |
| Total current liabilities | $812.9M | $738.1M | $675.8M | $584.2M | $483.9M | $374.9M | $327.6M | $254.3M | $180.3M | $106.2M |
| Long-term debt | $354.2M | $356.7M | $359.3M | $362.0M | $364.7M | $0 | $0 | $6.1M | $1.8M | $0 |
| Lease obligations | $60.5M | $63.0M | $54.0M | $58.4M | $57.4M | $58.3M | $45.9M | $10.3M | — | — |
| Other long-term liabilities | $254.1M | $247.4M | $225.4M | $222.5M | $184.9M | $165.0M | $132.1M | $78.5M | $353.9M | $301.2M |
| Total liabilities | $1.42B | $1.34B | $1.26B | $1.17B | $1.03B | $539.9M | $459.7M | $338.8M | $536.0M | $407.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.2M | $1.2M | $1.1M | $1.1M | $1.0M | $986,000 | $931,000 | $246,000 | $212,000 |
| Retained earnings (deficit) | −$897.5M | −$861.3M | −$825.0M | −$746.8M | −$654.5M | −$607.9M | −$565.1M | −$466.1M | −$392.6M | −$313.1M |
| Accumulated other comprehensive income | $387,000 | $318,000 | $38,000 | −$1.4M | −$306,000 | $10,000 | $50,000 | −$13.2M | −$8.7M | −$7.0M |
| Total shareholders' equity | $326.4M | $400.0M | $346.3M | $270.9M | $215.3M | $150.7M | $98.9M | $121.8M | −$371.7M | −$301.9M |
| Key figures | ||||||||||
| Total debt | $465.6M | $422.3M | $413.3M | $423.1M | $422.1M | $58.3M | $45.9M | $10.3M | $2.9M | $1.1M |
| Net cash (debt) | −$63.4M | $154.9M | $60.7M | $144.3M | $90.2M | $233.5M | $166.4M | $272.9M | $24.3M | $33.4M |
| Working capital | −$39.4M | $202.7M | $129.6M | $273.0M | $265.6M | $108.9M | $35.3M | $142.5M | −$69.1M | −$18.5M |
| Tangible book value | −$486.8M | −$235.8M | −$279.2M | −$121.0M | −$117.8M | $83.1M | $29.3M | $121.1M | −$373.0M | −$303.8M |
| Book value per share | $2.72 | $3.37 | $3.00 | $2.43 | $2.02 | $1.49 | $1.03 | $2.27 | −$4.71 | −$3.83 |
| Shares outstanding | 120.1M | 118.8M | 115.4M | 111.3M | 106.4M | 101.0M | 96.0M | 53.7M | 78.9M | 78.9M |
| Current ratio | 0.95 | 1.27 | 1.19 | 1.47 | 1.55 | 1.29 | 1.11 | 1.56 | 0.62 | 0.83 |
| Quick ratio | 0.84 | 1.13 | 1.03 | 1.29 | 1.34 | 1.09 | 0.94 | 1.38 | 0.43 | 0.66 |
| Debt / equity | 1.43 | 1.06 | 1.19 | 1.56 | 1.96 | 0.39 | 0.46 | 0.08 | — | — |
| Equity / assets | 18.7% | 23.0% | 21.6% | 18.8% | 17.2% | 21.8% | 17.7% | 26.4% | −226.2% | −286.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $298.2M | $360.3M | $402.2M | $383.6M | $386.5M | $460.3M | $577.2M | $548.4M | $487.0M | $510.8M | $474.0M | $693.0M |
| Cash & equivalents | $125.4M | $139.2M | $187.8M | $171.9M | $175.0M | $233.4M | $328.6M | $312.2M | $233.5M | $260.0M | $237.1M | $445.3M |
| Short-term investments | $172.9M | $221.1M | $214.4M | $211.7M | $211.5M | $226.8M | $248.5M | $236.2M | $253.5M | $250.8M | $236.8M | $247.7M |
| Receivables | $204.5M | $170.3M | $279.1M | $201.0M | $181.1M | $167.8M | $258.7M | $192.6M | $179.6M | $156.8M | $220.1M | $179.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $46.1M |
| Other current assets | $106.2M | $65.4M | $92.3M | $44.2M | $104.9M | $118.4M | $104.8M | $102.4M | $108.3M | $115.2M | $111.4M | $52.5M |
| Total current assets | $608.8M | $595.9M | $773.6M | $628.8M | $672.5M | $746.4M | $940.7M | $843.5M | $774.9M | $782.8M | $805.5M | $971.1M |
| Property, plant & equipment (net) | $87.5M | $86.3M | $75.6M | $76.0M | $79.5M | $82.3M | $84.4M | $71.9M | $74.8M | $79.3M | $80.3M | $80.1M |
| Goodwill & intangible assets | $799.6M | $806.4M | $813.2M | $820.0M | $826.6M | $785.1M | $635.8M | $640.8M | $645.8M | $620.9M | $625.6M | $382.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $77.7M | $131.8M | $85.3M | $127.9M | $78.0M | $79.8M | $81.2M | $78.2M | $80.9M | $84.1M | $95.6M | $90.6M |
| Total assets | $1.57B | $1.62B | $1.75B | $1.65B | $1.66B | $1.69B | $1.74B | $1.63B | $1.58B | $1.57B | $1.61B | $1.52B |
| Liabilities | ||||||||||||
| Accounts payable | $28.4M | $18.9M | $21.9M | $20.1M | $18.8M | $17.7M | $20.0M | $17.8M | $19.5M | $17.7M | $16.9M | $26.9M |
| Short-term debt | $12.7M | $8.0M | $9.6M | $10.8M | $9.7M | $8.9M | $9.4M | $6.1M | $8.8M | $8.6M | $6.0M | $5.7M |
| Deferred revenue | $670.1M | $680.0M | $706.9M | $639.6M | $624.5M | $633.2M | $650.4M | $583.9M | $562.6M | $562.6M | $580.8M | $518.4M |
| Total current liabilities | $774.9M | $762.4M | $812.9M | $720.3M | $713.3M | $715.0M | $738.1M | $657.1M | $638.2M | $634.8M | $675.8M | $600.7M |
| Long-term debt | $353.0M | $353.6M | $354.2M | $354.8M | $355.4M | $356.1M | $356.7M | $357.3M | $358.0M | $358.6M | $359.3M | $359.9M |
| Lease obligations | $66.1M | $65.7M | $60.5M | $60.4M | $61.2M | $60.9M | $63.0M | $49.8M | $51.5M | $52.3M | $54.0M | $55.0M |
| Other long-term liabilities | $247.4M | $256.1M | $254.1M | $233.1M | $237.2M | $239.4M | $247.4M | $215.4M | $216.6M | $214.6M | $225.4M | $220.1M |
| Total liabilities | $1.38B | $1.37B | $1.42B | $1.31B | $1.31B | $1.31B | $1.34B | $1.23B | $1.21B | $1.21B | $1.26B | $1.18B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M |
| Retained earnings (deficit) | −$892.2M | −$896.0M | −$897.5M | −$896.7M | −$899.0M | −$884.3M | −$861.3M | −$863.2M | −$854.0M | −$839.4M | −$825.0M | −$803.4M |
| Accumulated other comprehensive income | −$264,000 | −$107,000 | $387,000 | $407,000 | $262,000 | $328,000 | $318,000 | $954,000 | −$271,000 | −$184,999 | $38,000 | −$540,000 |
| Total shareholders' equity | $198.4M | $248.2M | $326.4M | $344.4M | $350.7M | $383.2M | $400.0M | $404.6M | $363.6M | $358.9M | $346.3M | $343.7M |
| Key figures | ||||||||||||
| Total debt | $421.6M | $419.3M | $465.6M | $417.7M | $419.2M | $419.6M | $422.3M | $407.1M | $412.1M | $413.6M | $413.3M | $415.0M |
| Net cash (debt) | −$123.4M | −$59.1M | −$63.4M | −$34.1M | −$32.7M | $40.7M | $154.9M | $141.3M | $74.9M | $97.2M | $60.7M | $278.0M |
| Working capital | −$166.0M | −$166.6M | −$39.4M | −$91.6M | −$40.8M | $31.4M | $202.7M | $186.4M | $136.6M | $147.9M | $129.6M | $370.3M |
| Tangible book value | −$601.2M | −$558.2M | −$486.8M | −$475.6M | −$475.9M | −$401.9M | −$235.8M | −$236.2M | −$282.2M | −$261.9M | −$279.2M | −$39.0M |
| Book value per share | $1.71 | $2.11 | $2.74 | $2.86 | $2.91 | $3.19 | $3.23 | $3.39 | $3.06 | $3.05 | $2.97 | $2.96 |
| Shares outstanding | 115.7M | 117.7M | 119.0M | 120.5M | 120.5M | 120.1M | 123.9M | 119.2M | 118.7M | 117.5M | 116.7M | 116.0M |
| Current ratio | 0.79 | 0.78 | 0.95 | 0.87 | 0.94 | 1.04 | 1.27 | 1.28 | 1.21 | 1.23 | 1.19 | 1.62 |
| Quick ratio | 0.65 | 0.70 | 0.84 | 0.81 | 0.80 | 0.88 | 1.13 | 1.13 | 1.04 | 1.05 | 1.03 | 1.45 |
| Debt / equity | 2.12 | 1.69 | 1.43 | 1.21 | 1.20 | 1.09 | 1.06 | 1.01 | 1.13 | 1.15 | 1.19 | 1.21 |
| Equity / assets | 12.6% | 15.3% | 18.7% | 20.8% | 21.2% | 22.6% | 23.0% | 24.8% | 23.1% | 22.9% | 21.6% | 22.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
TENB financial position
At the end of fiscal 2025 (December 31, 2025), Tenable had total assets of $1.7 billion (up 0.3% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $326.4 million. It held $402.2 million in cash and short-term investments against $465.6 million of debt, net debt of $63.4 million. Its current ratio was 0.95. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $198.4 million.
Related: TENB income statement, TENB cash flow statement, TENB key metrics. See the TENB stock overview for the latest quote and news.
TENB balance sheet FAQ
What are Tenable's total assets?
Tenable reported total assets of $1.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.7 billion a year earlier.
How much debt does Tenable have?
Tenable had $465.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.43.
How much cash does Tenable have?
Tenable held $402.2 million in cash and short-term investments at the end of fiscal 2025; with $465.6 million of debt that is net debt of $63.4 million.
What is Tenable's book value?
Tenable's shareholders' equity (book value) was $326.4 million at the end of fiscal 2025, or $2.72 per share.
What is Tenable's current ratio?
Tenable had current assets of $773.6 million and current liabilities of $812.9 million, a current ratio of 0.95 (current liabilities exceed current assets).
How much goodwill does Tenable have?
Tenable carried $813.2 million of goodwill and intangible assets, 46.5% of total assets, at the end of fiscal 2025.