Overview

* Tenable Q2 revenue rises 12% yr/yr, beating analysts' expectations, per LSEG data

* Non-GAAP operating margin at 19%, driven by exposure management platform adoption

* Co expands stock repurchase program by $250 mln

Outlook

* Tenable expects Q3 2025 revenue between $246 mln and $248 mln

* Company forecasts Q3 2025 non-GAAP EPS between $0.36 and $0.37

* Tenable anticipates 2025 revenue between $981 mln and $987 mln

* Company sees 2025 unlevered free cash flow between $265 mln and $275 mln

Result Drivers

* EXPOSURE MANAGEMENT - Adoption of exposure management platform drove revenue growth, as customers prioritize strategic security investments, per Co-CEO Steve Vintz

* TENABLE ONE VALUE - Major expansions and wins against competitors highlight the exceptional value of Tenable One, according to Co-CEO Mark Thurmond

* SECURITY INVESTMENTS - Customers are becoming more strategic with security investments, seeking unified views of attack surfaces to reduce risk

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $247.30 $242.10

Revenue mln mln (21

Analysts

)

Q2 Net -$14.71

Income mln

Q2 Basic -$0.12

EPS

Q2 Gross $192.86

Profit mln

Q2 $200.31

Operatin mln

g

Expenses

Q2 -$7.45

Operatin mln

g Income

Q2 -$10.48

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Tenable Holdings Inc ( TENB ) is $39.00, about 15.6% above its July 29 closing price of $32.90

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)