📊 TENB Key Takeaways
Is Tenable Holdings, Inc. (TENB) a Good Investment?
Tenable demonstrates strong underlying business fundamentals with 78.1% gross margins and robust free cash flow generation ($254.6M, 25.5% FCF margin), indicating a well-functioning SaaS model. However, current unprofitability (-3.6% net margin), elevated debt burden (1.10x debt/equity with negative interest coverage), and below-1.0 current ratio create near-term financial stress despite positive cash generation. The company shows marginal improvement trajectory and must demonstrate accelerated path to profitability while managing leverage.
Why Buy Tenable Holdings, Inc. Stock? TENB Key Strengths
- Exceptional gross margin of 78.1% demonstrates pricing power and efficient cost structure typical of high-quality software businesses
- Strong free cash flow generation of $254.6M (25.5% FCF margin) with $266.8M operating cash flow indicates underlying business model is cash-generative despite accounting losses
- Solid revenue growth of 11% YoY in competitive software security market with $999.4M annual revenue base
TENB Stock Risks: Tenable Holdings, Inc. Investment Risks
- Currently unprofitable with operating loss of -$9.2M and net loss of -$36.1M, with minimal YoY improvement trajectory (+0.5%)
- Current ratio of 0.95x indicates potential short-term liquidity stress with insufficient current assets relative to current liabilities
- Elevated leverage with debt/equity of 1.10x and negative interest coverage ratio of -1.1x; debt cannot be serviced from operating income, creating refinancing risk
Key Metrics to Watch
- Operating margin trend and path to profitability - critical to validate if losses are structural or temporary
- Current ratio and working capital management - must improve to demonstrate sustainable liquidity
- Debt service coverage ratio and refinancing schedule - essential given negative interest coverage and $360M long-term debt
Tenable Holdings, Inc. (TENB) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 25.5% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
TENB Profit Margin, ROE & Profitability Analysis
TENB vs Technology Sector: How Tenable Holdings, Inc. Compares
How Tenable Holdings, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Tenable Holdings, Inc. Stock Overvalued? TENB Valuation Analysis 2026
Based on fundamental analysis, Tenable Holdings, Inc. shows some fundamental concerns relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Tenable Holdings, Inc. Balance Sheet: TENB Debt, Cash & Liquidity
TENB Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Tenable Holdings, Inc.'s revenue has grown significantly by 85% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.68 indicates the company is currently unprofitable.
TENB Revenue Growth, EPS Growth & YoY Performance
TENB Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $227.1M | $2.3M | $0.02 |
| Q2 2025 | $221.2M | -$14.6M | $-0.12 |
| Q1 2025 | $216.0M | -$14.4M | $-0.12 |
| Q3 2024 | $201.5M | -$9.2M | $-0.08 |
| Q2 2024 | $195.0M | -$14.6M | $-0.12 |
| Q1 2024 | $188.8M | -$14.4M | $-0.12 |
| Q3 2023 | $174.9M | -$15.6M | $-0.13 |
| Q2 2023 | $164.3M | -$16.0M | $-0.14 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Tenable Holdings, Inc. Dividends, Buybacks & Capital Allocation
TENB SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Tenable Holdings, Inc. (CIK: 0001660280)
📋 Recent SEC Filings
❓ Frequently Asked Questions about TENB
What is the AI rating for TENB?
Tenable Holdings, Inc. (TENB) has an AI rating of HOLD with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are TENB's key strengths?
Claude: Exceptional gross margin of 78.1% demonstrates pricing power and efficient cost structure typical of high-quality software businesses. Strong free cash flow generation of $254.6M (25.5% FCF margin) with $266.8M operating cash flow indicates underlying business model is cash-generative despite accounting losses.
What are the risks of investing in TENB?
Claude: Currently unprofitable with operating loss of -$9.2M and net loss of -$36.1M, with minimal YoY improvement trajectory (+0.5%). Current ratio of 0.95x indicates potential short-term liquidity stress with insufficient current assets relative to current liabilities.
What is TENB's revenue and growth?
Tenable Holdings, Inc. reported revenue of $999.4M.
Does TENB pay dividends?
Tenable Holdings, Inc. does not currently pay dividends.
Where can I find TENB SEC filings?
Official SEC filings for Tenable Holdings, Inc. (CIK: 0001660280) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is TENB's EPS?
Tenable Holdings, Inc. has a diluted EPS of $-0.30.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is TENB a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Tenable Holdings, Inc. has a HOLD rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is TENB stock overvalued or undervalued?
Valuation metrics for TENB: ROE of -11.1% (sector avg: 22%), net margin of -3.6% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy TENB stock in 2026?
Our dual AI analysis gives Tenable Holdings, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is TENB's free cash flow?
Tenable Holdings, Inc.'s operating cash flow is $266.8M, with capital expenditures of $12.1M. FCF margin is 25.5%.
How does TENB compare to other Technology stocks?
Vs Technology sector averages: Net margin -3.6% (avg: 18%), ROE -11.1% (avg: 22%), current ratio 0.95 (avg: 2.5).