Tenable Holdings 2025 Q1 Earnings Wider Losses Despite Revenue Growth

Tenable Holdings (TENB) reported its fiscal 2025 Q1 earnings on May 6th, 2025. The total revenue of Tenable Holdings increased by 10.7% to $239.14 million in 2025 Q1, up from $215.96 million in 2024 Q1. Despite the increase in revenue, Tenable's losses per share widened from the previous year. The company has also provided guidance for Q2 2025, anticipating revenue between $241.0 million and $243.0 million. For the full year 2025, Tenable projects revenue between $970.0 million and $980.0 million and a net loss in the range of $53.0 million to $43.0 million.

Revenue

Earnings/Net Income
Tenable Holdings' losses deepened to $0.19 per share in 2025 Q1 from a loss of $0.12 per share in 2024 Q1, marking a 58.3% wider loss. The company's net loss widened to $-22.93 million in 2025 Q1, representing a 59.4% increase from the $-14.39 million loss recorded in 2024 Q1. The company has sustained losses for nine years over the corresponding fiscal quarter, highlighting ongoing financial headwinds. The EPS figures indicate ongoing challenges for Tenable.

Price Action
The stock price of Tenable Holdings edged up 0.81% during the latest trading day but experienced a 7.57% drop during the most recent full trading week and a 6.66% decline month-to-date.

Post-Earnings Price Action Review
The strategy of buying Tenable Holdings (TENB) shares after a quarter-over-quarter revenue increase and holding for 30 days yielded a 15.34% return over the past five years. This performance significantly underperformed the benchmark's 83.12% return. The strategy's Sharpe ratio was 0.46, indicating a moderate risk-adjusted return. The maximum drawdown recorded was -10.00%, with a volatility of 6.42%. This demonstrates that while there was some return, it came with moderate risk and volatility, not aligning with broader market gains.

CEO Commentary
Steve Vintz, Co-CEO of Tenable, highlighted a strong start to the year, noting better-than-expected results on both revenue and profitability. He emphasized ongoing investments in AI and third-party integrations to enhance customer risk reduction efficiency. Mark Thurmond, Co-CEO, pointed out the achievement of significant six- and seven-figure deals, which exceeded expectations and presented ongoing opportunities. He attributed the company's outperformance to the momentum with Tenable One, strategic partnerships, and increased deal sizes, broader platform adoption, and enhanced asset coverage. Overall, the tone was optimistic as Tenable navigates growth challenges and leverages market opportunities.

Guidance
For Q2 2025, Tenable expects revenue between $241.0 million and $243.0 million, with a net loss projected between $20.0 million and $18.0 million, leading to a net loss per share of $0.16 to $0.15. For the full year 2025, the company guides for revenue of $970.0 million to $980.0 million, a net loss in the range of $53.0 million to $43.0 million, and non-GAAP diluted EPS of $1.44 to $1.52.

Additional News
In recent weeks, Tenable Holdings has been active in strategic developments. The company completed the acquisition of Vulcan Cyber Ltd., enhancing its exposure management platform capabilities. Additionally, Tenable appointed Eric Doerr as Chief Product Officer, bringing nearly three decades of experience in building and scaling security products. The company also achieved a significant milestone by winning the AI Security Category in the 2025 Cybersecurity Excellence Awards, underscoring its leadership in the cybersecurity sector. These strategic moves are set to bolster Tenable's market position and drive future growth.