Tenable Holdings, Inc. (TENB) Income Statement
TENB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTENB revenue and net income
Where TENB's revenue goes
2025Each bar shows an amount and its share of revenue. TENB kept −3.6% of revenue as net income.
TENB profit margins
TENB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.0% | +13.5% | +17.8% | +26.7% |
| Gross profit | +11.4% | +13.9% | +16.6% | +25.2% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +24.0% | +61.5% | +56.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TENB quarterly EPS vs estimates
Tenable beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.13).
TENB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $999.4M | $900.0M | $798.7M | $683.2M | $541.1M | $440.2M | $354.6M | $267.4M | $187.7M | $124.4M |
| Cost of revenue | $218.9M | $199.7M | $183.6M | $154.8M | $106.4M | $77.6M | $60.8M | $43.2M | $25.6M | $14.2M |
| Gross profit | $780.5M | $700.4M | $615.1M | $528.4M | $434.7M | $362.7M | $293.8M | $224.2M | $162.1M | $110.2M |
| Research & development | $223.7M | $181.6M | $153.2M | $143.6M | $116.4M | $101.7M | $87.1M | $76.7M | $57.7M | $40.1M |
| Sales, general & admin | $562.9M | $519.5M | $509.6M | $452.7M | $360.1M | $297.4M | $297.5M | $220.1M | $145.2M | $105.9M |
| Total operating expenses | $779.3M | $707.2M | $662.8M | $596.2M | $476.5M | $399.1M | $384.6M | $296.8M | $202.9M | $146.0M |
| Operating income | $1.2M | −$6.9M | −$52.2M | −$67.8M | −$41.8M | −$36.4M | −$90.8M | −$72.6M | −$40.8M | −$35.8M |
| Interest income | $16.0M | $23.3M | $22.9M | $6.3M | $606,000 | $1.2M | $6.9M | $1.0M | $500,000 | $100,000 |
| Interest expense | $28.4M | $31.9M | $31.3M | $19.0M | $7.5M | $496,000 | $5.8M | $0 | $75,000 | $0 |
| Income before taxes | −$22.9M | −$18.9M | −$67.4M | −$85.3M | −$50.6M | −$37.1M | −$85.6M | −$71.2M | −$40.9M | −$36.4M |
| Income taxes | $13.2M | $17.4M | $10.9M | $6.9M | −$4.0M | $5.7M | $13.4M | $2.4M | $171,000 | $843,000 |
| Net income | −$36.1M | −$36.3M | −$78.3M | −$92.2M | −$46.7M | −$42.7M | −$99.0M | −$73.5M | −$41.0M | −$37.2M |
| EBITDA | $47.4M | $46.2M | −$52.2M | −$44.1M | −$27.6M | −$25.9M | −$83.9M | −$66.4M | −$36.1M | −$32.8M |
| EPS (diluted) | $1.60 | $1.29 | $0.81 | $0.38 | $0.34 | $0.17 | −$0.41 | −$0.62 | −$0.52 | −$1.77 |
| Gross margin | 78.1% | 77.8% | 77.0% | 77.3% | 80.3% | 82.4% | 82.8% | 83.9% | 86.4% | 88.6% |
| Operating margin | 0.1% | −0.8% | −6.5% | −9.9% | −7.7% | −8.3% | −25.6% | −27.1% | −21.7% | −28.8% |
| Net margin | −3.6% | −4.0% | −9.8% | −13.5% | −8.6% | −9.7% | −27.9% | −27.5% | −21.9% | −29.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $268.5M | $262.1M | $260.5M | $252.4M | $247.3M | $239.1M | $235.7M | $227.1M | $221.2M | $216.0M | $213.3M | $201.5M |
| Cost of revenue | $60.3M | $56.7M | $55.3M | $56.8M | $54.4M | $52.5M | $51.4M | $50.5M | $48.8M | $48.9M | $48.8M | $45.8M |
| Gross profit | $208.2M | $205.4M | $205.2M | $195.7M | $192.9M | $186.7M | $184.3M | $176.6M | $172.4M | $167.0M | $164.5M | $155.8M |
| Research & development | $57.0M | $55.8M | $54.9M | $56.3M | $59.2M | $53.2M | $44.7M | $48.0M | $45.1M | $43.7M | $40.1M | $37.1M |
| Sales, general & admin | $138.2M | $138.4M | $31.6M | $132.3M | $141.1M | $151.2M | $126.6M | $130.7M | $131.4M | $130.8M | $134.3M | $126.6M |
| Total operating expenses | $195.8M | $194.2M | $186.0M | $188.6M | $200.3M | $204.4M | $171.3M | $178.7M | $181.3M | $176.0M | $178.8M | $163.7M |
| Operating income | $12.4M | $11.2M | $19.2M | $7.1M | −$7.4M | −$17.7M | $13.0M | −$2.1M | −$8.8M | −$8.9M | −$14.3M | −$7.9M |
| Interest income | $2.3M | $3.0M | $3.4M | $3.6M | $4.1M | $4.9M | $5.7M | $6.0M | $6.0M | $5.6M | $5.4M | $7.7M |
| Interest expense | $6.4M | $6.4M | $21.2M | $35.5M | $7.1M | $7.0M | $7.6M | $8.1M | $8.1M | $8.1M | $8.1M | $8.1M |
| Income before taxes | $6.9M | $5.1M | $4.1M | $2.8M | −$10.5M | −$19.3M | $8.5M | −$3.9M | −$10.8M | −$12.7M | −$17.7M | −$14.9M |
| Income taxes | $3.1M | $3.7M | $4.8M | $550,000 | $4.2M | $3.6M | $6.7M | $5.3M | $3.7M | $1.7M | $3.9M | $693,000 |
| Net income | $3.8M | $1.4M | −$737,000 | $2.3M | −$14.7M | −$22.9M | $1.9M | −$9.2M | −$14.6M | −$14.4M | −$21.6M | −$15.6M |
| EBITDA | $24.0M | $21.7M | $35.4M | $49.5M | $7.5M | −$2.5M | $24.9M | $12.8M | $4.9M | $3.6M | −$1.4M | −$477,000 |
| EPS (diluted) | $0.10 | $0.47 | $0.48 | $0.42 | $0.34 | $0.36 | $0.41 | $0.32 | $0.31 | $0.25 | $0.25 | $0.23 |
| Gross margin | 77.5% | 78.4% | 78.8% | 77.5% | 78.0% | 78.1% | 78.2% | 77.8% | 77.9% | 77.3% | 77.1% | 77.3% |
| Operating margin | 4.6% | 4.3% | 7.4% | 2.8% | −3.0% | −7.4% | 5.5% | −0.9% | −4.0% | −4.1% | −6.7% | −3.9% |
| Net margin | 1.4% | 0.5% | −0.3% | 0.9% | −5.9% | −9.6% | 0.8% | −4.1% | −6.6% | −6.7% | −10.1% | −7.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TENB's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TENB financial results
In fiscal year 2025 (ended December 31, 2025), Tenable reported revenue of $999.4 million, up 11.0% from the year before. It had a net loss of $36.1 million, a net profit margin of −3.6%. Diluted earnings per share came to $1.60. Over five years revenue grew at an average rate of 17.8% a year.
See the TENB stock overview for the latest quote and news, or the TENB chart for price history and technical indicators.
TENB income statement FAQ
What is Tenable's annual revenue?
Tenable reported total revenue of $999.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 11.0% from $900.0 million the previous year.
Is Tenable profitable?
No. Tenable reported a net loss of $36.1 million in fiscal 2025, a net profit margin of −3.6%; its operating margin was 0.1%.
What is Tenable's gross margin?
Tenable's gross margin was 78.1% in fiscal 2025: for every $100 of revenue, Tenable kept $78 after the direct cost of its products and services.
How much does Tenable spend on research and development?
Tenable spent $223.7 million on research and development in fiscal 2025, 22.4% of revenue.
How fast is Tenable growing?
Revenue grew 17.8% a year on average over the last five fiscal years, from $440.2 million to $999.4 million.
What are Tenable's earnings per share?
Tenable earned $1.60 per diluted share in fiscal 2025, compared with $1.29 a year earlier.
When will Tenable report its next earnings?
Tenable is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Tenable's fiscal year end?
Tenable's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.