Tenable Holdings ( (TENB) ) has released its Q1 earnings. Here is a breakdown of the information Tenable Holdings presented to its investors.
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Tenable Holdings, Inc., a prominent player in the cybersecurity industry, specializes in exposure management by providing AI-powered solutions to help organizations protect against various cyber threats across IT and cloud environments. In its first quarter of 2025, Tenable reported a revenue increase of 11% year-over-year, reaching $239.1 million, and a 9% rise in calculated current billings to $215.4 million. Despite a GAAP operating margin of -7%, the company achieved a non-GAAP operating margin of 20%, alongside a significant net cash inflow from operations of $87.4 million.
Key financial highlights include a GAAP net loss of $22.9 million, which widened from the previous year, while non-GAAP net income improved to $44.3 million. The company also reported a strong unlevered free cash flow of $86.8 million. Strategic moves included the acquisition of Vulcan Cyber Ltd., enhancing Tenable’s platform capabilities, and the release of new features like Identity 360 and Exposure Center, aimed at mitigating identity-based cyber risks.
Tenable’s business expansion is underscored by the addition of 361 new enterprise customers and achieving FedRAMP moderate authorization for its cloud security offerings, which highlights its commitment to supporting government cybersecurity infrastructure. The company also published a report on cloud AI security risks, further establishing its thought leadership in the field.
Looking ahead, Tenable projects continued revenue growth, with expectations for the second quarter of 2025 set between $241 million and $243 million. The company remains optimistic about its strategic initiatives and partnerships, which are anticipated to drive further growth and enhance its market position in the cybersecurity domain.