Tenable Holdings, Inc. reported a notable increase in financial performance for the second quarter of 2026, with revenue reaching $268.5 million, a 9% rise from $247.3 million in the same period last year. For the first half of 2026, total revenue was $530.6 million, compared to $486.4 million in the first half of 2025, marking a similar 9% increase. The company achieved a net income of $3.8 million for the second quarter, a significant turnaround from a net loss of $14.7 million in the prior year. This improvement reflects a strategic focus on enhancing operational efficiency and customer retention.
The company’s gross profit for the second quarter was $208.2 million, with a consistent gross margin of 78%. Operating expenses decreased slightly to $195.8 million from $200.3 million year-over-year, driven by reductions in general and administrative costs and a decrease in sales and marketing expenses. Notably, Tenable's restructuring expenses amounted to $651,000 in the second quarter, indicating ongoing adjustments to optimize operations. The company also reported a dollar-based net expansion rate of 106%, demonstrating strong customer retention and upsell performance.
Tenable's customer base continues to grow, with 381 new enterprise platform customers added in the second quarter, a 4% increase from the previous year. The total number of customers with annual contract values exceeding $100,000 rose to 2,236, up 6% year-over-year. The Americas region accounted for 52% of total revenue, while international markets contributed significantly, with revenue from Europe, the Middle East, and Africa increasing by 13% to $75.6 million. The company’s strategic focus on expanding its global footprint and enhancing its product offerings appears to be yielding positive results.
In terms of cash flow, Tenable generated $132.7 million from operating activities in the first half of 2026, slightly up from $129.9 million in the same period last year. However, the company reported a net cash outflow of $224.8 million in financing activities, primarily due to share repurchases totaling $230 million. As of June 30, 2026, Tenable held $125.4 million in cash and cash equivalents, alongside $172.9 million in short-term investments, indicating a solid liquidity position to support future growth initiatives.
Looking ahead, Tenable remains optimistic about its growth trajectory, emphasizing its commitment to innovation and customer satisfaction. The company plans to continue investing in its exposure management solutions, particularly through its AI-powered platform, Tenable One. Management anticipates that ongoing enhancements to its product suite and strategic partnerships will further solidify its market position and drive revenue growth in the coming quarters.
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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