TENB
Tenable Holdings, Inc.
TENB's fundamentals are strong: its operating margin went from −0.5% to 4.4% and it turned 26% of its revenue into free cash flow. Its PE isn't a useful guide right now because of how its recent earnings were reported.
TENB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TENB's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
TENB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $41.05 | — |
| Current | 316x | $41.05 | — |
| Cheap | 491x | $63.83 | +55% |
| Fair | 697x | $90.55 | +121% |
| Expensive | 759x | $98.71 | +140% |
Historical ranges are pointers, not guarantees.
TENB's PE is 316x, but its earnings don't support one, so it isn't a reliable read right now.
TENB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for TENB, with profitability improving. However, they disagree widely on these estimates.
TENB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.37 | +1719% |
| Q3 2026 | $0.13 | +$0.41 |
| Q2 2026 | $0.05 | +$0.43 |
| Q1 2026 | -$0.10 | +$0.28 |
| Q4 2025 | -$0.30 | +$0.01 |
| Q3 2025 | -$0.28 | +$0.23 |
| Q2 2025 | -$0.38 | +$0.18 |
| Q1 2025 | -$0.38 | +$0.20 |
| Q4 2024 | -$0.31 | +$0.37 |
TENB has returned to profit: it earned $0.13 per share over the past year, after losing money the year before.
TENB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $276.4M | +9.5% |
| Q2 2026 | $268.5M | +8.6% |
| Q1 2026 | $262.1M | +9.6% |
| Q4 2025 | $260.5M | +11% |
| Q3 2025 | $252.4M | +11% |
| Q2 2025 | $247.3M | +12% |
| Q1 2025 | $239.1M | +11% |
| Q4 2024 | $235.7M | +11% |
TENB's revenue has grown year over year every quarter since late 2020: $276M last quarter, up 9.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6% | +3.2 points |
| Q2 2026 | 4.6% | +7.6 points |
| Q1 2026 | 3.3% | +11 points |
| Q4 2025 | 3.4% | -2.1 points |
| Q3 2025 | 2.8% | +3.8 points |
| Q2 2025 | -3% | +1 points |
| Q1 2025 | -7.4% | -3.3 points |
| Q4 2024 | 5.5% | +12 points |
TENB's operating margin was 6% last quarter, up 3.2 points from the same quarter a year ago, near the top of its range since 2019.
TENB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $69M | +30% |
| Q2 2026 | $43.3M | +14% |
| Q1 2026 | $85.4M | +5.6% |
| Q4 2025 | $82.7M | +4.9% |
| Q3 2025 | $53M | -1.7% |
| Q2 2025 | $38.1M | +23% |
| Q1 2025 | $80.9M | +63% |
| Q4 2024 | $78.8M | +107% |
TENB generated $280M in free cash flow over the past year, up 12% from the year before.
TENB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +2.2M shares |
| 1 year | -4.9% | -6M shares |
| 3 years | 0% | +16K shares |
| 5 years | +8.5% | +9.1M shares |
| Available history | +21% | +20M shares |
TENB has 116M diluted shares, down 4.9% from a year ago, with $517M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $223.8M |
| Q2 2026 | $100M |
| Q1 2026 | $130.2M |
| Q4 2025 | $62.5M |
| Q3 2025 | $60M |
| Q2 2025 | $65M |
| Q1 2025 | $60M |
| Q4 2024 | $50M |
TENB spent $517M buying back its own shares over the past year, up 120% from the year before.
TENB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.6x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -2.3x | Net Cash |
| Q4 2025 | -5.7x | Net Cash |
| Q3 2025 | -4.8x | Net Cash |
| Q2 2025 | -7.4x | Net Cash |
| Q1 2025 | -12.2x | Net Cash |
| Q4 2024 | -12.5x | Net Cash |
TENB has more cash than debt.
TENB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.8 | Neutral |
| Stochastic | 63.5 | Neutral |
TENB's weekly RSI is 56 (neutral) and its Stochastic is 63 (neutral).
TENB PE vs Technology Sector
| Metric | TENB | Sector median | Relative |
|---|---|---|---|
| PE | 316x | 28x | 1,033% above |
TENB is trading at 316x earnings, a 1033% premium to the Technology sector's median of 28x, though its earnings don't support one.
TENB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $41.0 | 0.2% above |
| 20 week MA | $37.9 | 8.4% above |
| 50 week MA | $28.7 | 43% above |
| 100 week MA | $31.0 | 33% above |
| 200 week MA | $37.2 | 10% above |
TENB has climbed back above all five of its weekly moving averages, and it's now 10% above its 200-week average.
TENB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.5 | $54.7 | +133% |
| 2021 | $54.7 | $55.4 | +1.3% |
| 2022 | $55.4 | $36.9 | -33% |
| 2023 | $36.9 | $46.1 | +25% |
| 2024 | $46.1 | $39.5 | -14% |
| 2025 | $39.5 | $24.1 | -39% |
| 2026 YTD | $24.1 | $41.1 | +70% |
TENB is up 70% so far in 2026, after finishing lower in three of the previous six years.