Tenable Holdings, Inc. reported a revenue of $262.1 million for the first quarter of 2026, marking a 10% increase from $239.1 million in the same period of 2025. The company achieved a net income of $1.4 million, a significant turnaround from a net loss of $22.9 million in the prior year. This improvement in profitability was driven by a reduction in operating expenses, which totaled $196.6 million, down from $204.4 million a year earlier. The gross profit for the quarter was $205.4 million, maintaining a gross margin of 78%.
The company experienced notable changes in its revenue streams, with subscription revenue rising to $243.2 million, up from $220.4 million, while perpetual license and maintenance revenue decreased to $10.2 million from $11.6 million. Professional services and other revenue increased by 22% to $8.7 million. Geographically, revenue from the Americas was $159.5 million, a 6% increase, while revenue from Europe, the Middle East, and Africa rose by 17% to $71.9 million. The Asia Pacific region also saw growth, with revenue increasing to $30.6 million, up 12%.
In terms of operational metrics, Tenable added 406 new enterprise platform customers during the quarter, a 12% increase compared to the previous year. The total number of customers with annual contract values exceeding $100,000 rose to 2,204, reflecting an 8% increase. The company's dollar-based net expansion rate was reported at 105%, slightly down from 108% in the previous year, indicating stable customer retention and upsell performance.
Tenable's financial position remains strong, with cash and cash equivalents totaling $139.2 million and short-term investments at $221.1 million as of March 31, 2026. The company has a deferred revenue balance of $866.2 million, of which $680 million is expected to be recognized as revenue within the next 12 months. Looking ahead, Tenable anticipates continued growth driven by its exposure management solutions, with plans to invest in product development and expand its market presence. The company believes its existing cash reserves will be sufficient to meet operational and capital needs for at least the next 12 months.
About Tenable Holdings, Inc.
Tenable Holdings, Inc. provides exposure management solutions that assess and prioritize cybersecurity risks across complex attack surfaces, including cloud, IT, OT, and web environments. Its platform unifies visibility, insights, and automated actions to help organizations identify, understand, and mitigate vulnerabilities. Serving diverse industries worldwide, Tenable leverages AI, extensive vulnerability data, and a broad product ecosystem to enable proactive cybersecurity risk reduction.
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