Filing Flows › Tenable Holdings (TENB) › Q3 2026 › vs Q3 2025
Tenable Holdings (TENB) Q3 2026 vs Q3 2025 (year over year)
Tenable Holdings's revenue rose $23.9M (+9%) from $252M in Q3 2025 to $276M in Q3 2026. The biggest changes: Subscription revenue +$22.4M (+10%); Professional services and other revenue +$2.9M (+32%); Perpetual license and maintenance revenue −$1.4M (-12%). Gross margin 77.8% against 77.5% (+0.3 pts).
Tenable Holdings, Q3 2026: revenue $276M (+10% year over year), operating margin 6.0%, net earnings $11.3M, operating cash flow $72.5M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 77.8% | 77.5% | +0.3 pts |
| Operating margin | 6.0% | 2.8% | +3.2 pts |
| Net margin | 4.1% | 0.9% | +3.2 pts |
| Free cash flow margin | 23.2% | 20.5% | +2.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Subscription revenue | $255M | $232M | $22.4M | +10% |
| Professional services and other revenue | $12.1M | $9.1M | $2.9M | +32% |
| Perpetual license and maintenance revenue | $9.7M | $11.1M | −$1.4M | -12% |
| Revenue | $276M | $252M | $23.9M | +9% |
| Gross profit | $215M | $196M | $19.4M | +10% |
| Cost of revenue | $61.3M | $56.8M | $4.6M | +8% |
| Operating profit | $16.7M | $7.1M | $9.6M | +134% |
| Operating expenses | $198M | $189M | $9.8M | +5% |
| Pre-tax earnings | $10.8M | $2.8M | $8.0M | +283% |
| Other expense, net | $5.9M | $4.3M | $1.6M | +37% |
| Research & development | $62.1M | $56.3M | $5.9M | +10% |
| Sales & marketing | $103M | $99.9M | $3.0M | +3% |
| General & admin | $33.1M | $32.3M | $804K | +2% |
| Income tax benefit | $535K | −$550K | $1.1M | — |
| Net earnings | $11.3M | $2.3M | $9.0M | +400% |
| Depreciation & amortization | $10.5M | $11.1M | −$607K | -5% |
| Share-based compensation | $51.2M | $44.9M | $6.3M | +14% |
| Working capital & other | $530K | $4.4M | −$3.9M | -88% |
| Operating cash flow | $72.5M | $53.9M | $18.7M | +35% |
| Free cash flow (company-reported) | $64.2M | $51.6M | $12.6M | +24% |
| Capitalized software development costs | $4.8M | $1.4M | $3.4M | +254% |
| Purchases of property and equipment | $3.5M | $867K | $2.6M | +304% |
Questions
How much did Tenable Holdings's revenue grow year over year in Q3 2026?
Tenable Holdings's revenue rose $23.9M (+9%) from $252M in Q3 2025 to $276M in Q3 2026.
What drove Tenable Holdings's revenue change in Q3 2026?
Subscription revenue +$22.4M (+10%); Professional services and other revenue +$2.9M (+32%); Perpetual license and maintenance revenue −$1.4M (-12%).