Filing Flows › Tenable Holdings (TENB) › Q3 2025
Tenable Holdings (TENB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Tenable Holdings (TENB) reported revenue of $252M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +2% from the quarter before. Operating margin was 2.8%, net earnings $2.3M (0.9% of revenue).
Tenable Holdings, Q3 2025: revenue $252M (+11% year over year), operating margin 2.8%, net earnings $2.3M, operating cash flow $53.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $252M | +2% | +11% |
| Gross profit | $196M | +1% | +11% |
| Operating profit | $7.1M | — | — |
| Net earnings | $2.3M | — | — |
| Operating cash flow | $53.9M | +27% | -1% |
| Free cash flow | $51.6M | — | -2% |
What changed
Revenue was $252.4M in Q3 2025, up 11% year over year and up 2% from the previous quarter. Subscription revenue was the largest line at 92% of revenue. Subscription revenue added $23.7M year over year (up 11%), 93% of the total change. Perpetual license and maintenance revenue declined 6%.
Gross margin was 77.5%, down 0.2 points from a year earlier. Operating profit was $7.1M, a 2.8% margin (up 3.7 points year over year). Operating expenses grew 6% against revenue growth of 11%. The fastest-growing cost line was Research & development (+17%). Net earnings were $2.3M. The effective tax rate was 19.6%.
Operating cash flow was $53.9M (down 1% year over year), 2383% of net earnings. Non-cash charges added back $11.1M of depreciation and amortization and $44.9M of share-based compensation. Working capital and other items used $4.4M. After capitalized software development costs ($1.4M) and purchases of property and equipment ($867K), free cash flow as the company reports it was $51.6M.
Questions
What was Tenable Holdings' revenue in the third quarter 2025?
Tenable Holdings (TENB) reported revenue of $252M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +2% from the quarter before.
Was Tenable Holdings profitable in the third quarter 2025?
Operating profit was $7.1M (2.8% of revenue) and net earnings $2.3M.
Source: Tenable Holdings 10-Q on SEC EDGAR.