Tenable Holdings, Inc. reported its financial results for the third quarter of 2025, revealing a revenue of $252.4 million, an increase of 11% from $227.1 million in the same period last year. For the nine months ending September 30, 2025, revenue reached $738.9 million, up from $664.3 million in 2024. The company achieved a net income of $2.3 million for the quarter, compared to a net loss of $9.2 million in the prior year, marking a significant turnaround in profitability. The net loss for the nine-month period was $35.4 million, an improvement from a loss of $38.2 million in the same timeframe last year.
The company’s operational metrics showed positive trends, with the number of customers generating annual contract values of $100,000 or more increasing by 16% to 2,156. Tenable also added 437 new enterprise platform customers during the quarter, a 13% increase from the previous year. The dollar-based net expansion rate was reported at 106%, slightly down from 108% in the prior year, indicating stable customer retention and upsell performance. The company’s recurring revenue, primarily from subscription services, constituted 95% of total revenue for the quarter.
Strategically, Tenable made significant acquisitions in 2025, including Apex Security, Inc. for $47.8 million and Vulcan Cyber Ltd. for $148.5 million. These acquisitions are expected to enhance Tenable's capabilities in managing cyber risks and expanding its exposure management platform. The company also reported an increase in its employee headcount, reflecting its growth strategy and investment in research and development, which rose by 23% year-over-year to $168.7 million for the nine-month period.
Despite the positive financial performance, Tenable's cash and cash equivalents decreased to $171.9 million from $328.6 million at the end of 2024, primarily due to cash used in investing activities, including acquisitions. The company’s total liabilities stood at $1.3 billion, with a significant portion attributed to deferred revenue, which totaled $810.5 million as of September 30, 2025. Looking ahead, Tenable anticipates continued investment in its platform and customer support, while also managing its operating expenses to improve profitability further. The company remains focused on leveraging its acquisitions to drive growth and enhance its market position in the cybersecurity sector.
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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