Filing Flows › Tenable Holdings (TENB) › How it makes money
How Tenable Holdings (TENB) makes money
Tenable Holdings (TENB) made $276M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Subscription revenue brought in $255M (92%); Professional services and other revenue brought in $12.1M (4%); Perpetual license and maintenance revenue brought in $9.7M (4%). Of every dollar of revenue, 78¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription revenue | $255M | 92.1% | +3% | +10% |
| Professional services and other revenue | $12.1M | 4.4% | +16% | +32% |
| Perpetual license and maintenance revenue | $9.7M | 3.5% | -2% | -12% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $276M | 100.0% |
| Cost of revenue | $61.3M | 22.2% |
| Gross profit | $215M | 77.8% |
| Operating expenses | $198M | 71.8% |
| Operating profit | $16.7M | 6.0% |
| Net earnings | $11.3M | 4.1% |
| Operating cash flow | $72.5M | 26.2% |
| Free cash flow | $64.2M | 23.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $276M | +10% |
| Q2 2026 | $269M | +9% |
| Q1 2026 | $262M | +10% |
| Q4 2025 | $261M | +10% |
| Q3 2025 | $252M | +11% |
| Q2 2025 | $247M | +12% |
| Q1 2025 | $239M | +11% |
From Tenable Holdings' 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Tenable Holdings make money?
Tenable Holdings (TENB) made $276M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Subscription revenue brought in $255M (92%); Professional services and other revenue brought in $12.1M (4%); Perpetual license and maintenance revenue brought in $9.7M (4%). Of every dollar of revenue, 78¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
What is Tenable Holdings' biggest business?
Subscription revenue: $255M in the third quarter 2026, 92% of revenue, +10% from a year earlier.
What is Tenable Holdings' profit margin?
Net earnings were $11.3M, 4.1% of revenue, in the third quarter 2026; the operating margin was 6.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.