Filing Flows › Tenable Holdings (TENB) › Q4 2025
Tenable Holdings (TENB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Tenable Holdings (TENB) reported revenue of $261M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +3% from the quarter before. Operating margin was 3.4%, net loss $737K (0.3% of revenue).
Tenable Holdings, Q4 2025: revenue $261M (+10% year over year), operating margin 3.4%, net loss $737K, operating cash flow $83.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $261M | +3% | +11% |
| Operating profit | $8.9M | +24% | — |
| Net earnings | −$737K | -133% | — |
| Operating cash flow | $83.0M | +54% | +2% |
| Free cash flow | $80.9M | — | — |
What changed
Revenue was $260.5M in Q4 2025, up 11% year over year and up 3% from the previous quarter. Subscription revenue was the largest line at 92% of revenue.
Gross margin was 78.8%, up 0.6 points from a year earlier. Operating profit was $8.9M, a 3.4% margin (down 2.1 points year over year). Operating profit fell $4.1M even though revenue rose $24.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 15% against revenue growth of 11%. The fastest-growing cost line was Research & development (+23%). The quarter ended with a net loss of $737K, after a profit of $2.3M the previous quarter. Net interest and other expense of $4.8M was the main reason.
Operating cash flow was $83.0M (up 2% year over year). Non-cash charges added back $10.1M of depreciation and amortization and $44.5M of share-based compensation. Working capital and other items added $29.1M. After capitalized software development costs ($1.8M) and purchases of property and equipment ($334K), free cash flow as the company reports it was $80.9M.
Questions
What was Tenable Holdings' revenue in the fourth quarter 2025?
Tenable Holdings (TENB) reported revenue of $261M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +3% from the quarter before.
Was Tenable Holdings profitable in the fourth quarter 2025?
Operating profit was $8.9M (3.4% of revenue) and net loss $737K.
Source: Tenable Holdings 10-K on SEC EDGAR.