TENBTenable Holdings, Inc.
Services-Prepackaged Software
- Revenue
- $999M
- 11% YoY
- Operating margin
- -0.9%
- 20% YoY
- EBITDA
- $33M
- 24% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired19% of revenueOver 10% of revenue
- Payouts exceed cash flowClear93% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired44% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $541M | $683M | $799M | $900M | $999M | 11% |
| Operating income | −$42M | −$68M | −$52M | −$7M | −$9M | 34% |
| Net income | −$47M | −$92M | −$78M | −$36M | −$36M | 0.5% |
| Operating cash flow | $97M | $131M | $150M | $217M | $267M | 23% |
| Capex | $4M | $9M | $2M | $4M | $12M | 185% |
| Stock-based comp | $79M | $121M | $145M | $164M | $192M | 17% |
| Buybacks | $0 | $0 | $15M | $100M | $247M | 148% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.