Filing Flows › Tenable Holdings (TENB) › Q2 2025
Tenable Holdings (TENB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Tenable Holdings (TENB) reported revenue of $247M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +3% from the quarter before. Operating margin was -3.0%, net loss $14.7M (5.9% of revenue).
Tenable Holdings, Q2 2025: revenue $247M (+12% year over year), operating margin -3.0%, net loss $14.7M, operating cash flow $42.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247M | +3% | +12% |
| Operating profit | −$7.4M | — | — |
| Net earnings | −$14.7M | — | — |
| Operating cash flow | $42.5M | -51% | +35% |
| Free cash flow | $37.4M | — | — |
What changed
Revenue was $247.3M in Q2 2025, up 12% year over year and up 3% from the previous quarter. Subscription was the largest line at 92% of revenue. Subscription added $25.5M year over year (up 13%), 98% of the total change. Perpetual license and maintenance declined 5%.
Gross margin was 78.0%, unchanged from a year earlier. Operating costs exceeded revenue by $7.4M, an operating margin of -3.0%. Operating expenses grew 11% against revenue growth of 12%. The fastest-growing cost line was Research & development (+31%). The quarter ended with a net loss of $14.7M, narrower than the previous quarter's $22.9M loss.
Operating cash flow was $42.5M (up 35% year over year). Non-cash charges added back $10.8M of depreciation and amortization and $46.5M of share-based compensation. After purchases of property and equipment ($4.3M) and capitalized software development costs ($699K), free cash flow as the company reports it was $37.4M.
Questions
What was Tenable Holdings' revenue in the second quarter 2025?
Tenable Holdings (TENB) reported revenue of $247M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +3% from the quarter before.
Was Tenable Holdings profitable in the second quarter 2025?
Operating loss was $7.4M (-3.0% of revenue) and net loss $14.7M.
Source: Tenable Holdings 10-Q on SEC EDGAR.