Tenable Holdings, Inc. (TENB) FY2025 10-K Annual Report
Tenable Holdings, Inc. (TENB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Tenable Holdings, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Exposure management platform integrating vulnerability management, risk prioritization across IT, cloud, AI, OT, and hybrid environments
- • New emphasis: Introduction of Tenable AI Exposure for AI-specific risk detection and mitigation across AI assets and configurations
- • Strategic shift: Increased focus on unified risk visibility and AI-driven cyber risk insights addressing expanded attack surface complexity
- • Quantitative highlight: Backlog growth from $33.2M in 2024 to $159.9M in 2025 indicating strong order commitments
- • Noteworthy fact: Over 40,000 customers globally, including ~65% of Fortune 500, with AI security integral to go-to-market and R&D strategy
Management Discussion & Analysis
- • Revenue and profitability details not disclosed in the provided text
- • No segment performance information available
- • Cash flow, capital allocation (buybacks, dividends, capex) not detailed
- • Forward-looking statements highlight risks and uncertainties, no specific guidance given
Risk Factors
- • Regulatory risk: potential impact of U.S. government funding freezes and tariffs on sales cycle length in 2026
- • Macroeconomic threat: international revenue grew 14% ($58.5M), exposing business to foreign market fluctuations
- • Operational risk: shift to annual installment billing reduces billing duration, distorting calculated current billings metric
- • Competitive risk: exposure management platform competes with offerings by established cybersecurity providers innovating in AI and cloud
- • Financial risk: accumulated deficit of $897.5M at year-end 2025 despite positive cash from operations in recent years
Tenable Holdings, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$999M
▲ +11.0% YoY
Net Income
-$36M
▲ +0.5% YoY
Gross Margin
78.1%
▲ +28bp YoY
Operating Margin
-0.9%
▼ -16bp YoY
Net Margin
-3.6%
▲ +42bp YoY
ROE
-11.1%
▼ -199bp YoY
Total Assets
$1.7B
▲ +0.3% YoY
EPS (Diluted)
$-0.30
▲ +3.2% YoY
Operating Cash Flow
$267M
▲ +22.7% YoY
Source: XBRL data from Tenable Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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