Filing Flows › Tenable Holdings (TENB) › Q1 2026
Tenable Holdings (TENB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Tenable Holdings (TENB) reported revenue of $262M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +0.6% from the quarter before. Operating margin was 3.3%, net earnings $1.4M (0.5% of revenue).
Tenable Holdings, Q1 2026: revenue $262M (+10% year over year), operating margin 3.3%, net earnings $1.4M, operating cash flow $88.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $262M | +0.6% | +10% |
| Gross profit | $205M | +0.1% | +10% |
| Operating profit | $8.8M | -1% | — |
| Net earnings | $1.4M | — | — |
| Operating cash flow | $88.0M | +6% | +0.6% |
| Free cash flow | $82.6M | — | — |
What changed
Revenue was $262.1M in Q1 2026, up 10% year over year and up 1% from the previous quarter. Subscription revenue was the largest line at 93% of revenue. Subscription revenue added $22.7M year over year (up 10%), 99% of the total change. Perpetual license and maintenance revenue declined 12%.
Gross margin was 78.4%, up 0.3 points from Q1 2025. Operating profit was $8.8M, a 3.3% margin (up 10.8 points year over year). Operating expenses fell 4% while revenue rose 10%. Net earnings were $1.4M. The effective tax rate was 72.2%.
Operating cash flow was $88.0M (up 1% year over year), 6221% of net earnings. Non-cash charges added back $10.2M of depreciation and amortization and $43.9M of share-based compensation. Working capital and other items added $32.5M. After capitalized software development costs ($2.7M) and purchases of property and equipment ($2.6M), free cash flow as the company reports it was $82.6M.
Questions
What was Tenable Holdings' revenue in the first quarter 2026?
Tenable Holdings (TENB) reported revenue of $262M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +0.6% from the quarter before.
Was Tenable Holdings profitable in the first quarter 2026?
Operating profit was $8.8M (3.3% of revenue) and net earnings $1.4M.
Source: Tenable Holdings 10-Q on SEC EDGAR.