Tenable Reports Q2 2025 Revenue of $247.3M, a 12% YoY Increase, and Completes Apex Security Acquisition

Tenable reported Q2 2025 revenue of $247.3 million, up 12% YoY, with a non-GAAP operating margin of 19% and $44.3 million in unlevered free cash flow. The company completed the acquisition of Apex Security and expanded its stock repurchase program by $250 million. Tenable expects Q3 revenue between $246 million and $248 million and full-year revenue between $981 million and $987 million.

Tenable Holdings, Inc. (Nasdaq: TENB) has reported robust financial results for the second quarter of 2025, showcasing a 12% year-over-year (YoY) increase in revenue to $247.3 million. The company's non-GAAP operating margin stood at 19%, highlighting its strong operational profitability. Additionally, Tenable's unlevered free cash flow reached $44.3 million, indicating robust liquidity.

The company's strong performance can be attributed to the growing adoption of its exposure management platform, as organizations prioritize proactive security measures. Tenable added 367 new enterprise platform clients during the quarter, further bolstering its customer base.

Notably, Tenable completed the acquisition of Apex Security, which is expected to enhance its industry-leading exposure management platform. The company also expanded its stock repurchase program by $250 million, reflecting its confidence in its financial performance and commitment to returning value to shareholders.

Looking ahead, Tenable expects its revenue for the third quarter of 2025 to range between $246.0 million and $248.0 million. For the full year ending December 31, 2025, the company projects revenue to be between $981 million and $987 million.

Despite these positive indicators, it is important to note that Tenable continues to report a GAAP net loss, which may raise concerns about its profitability. The company's cash and cash equivalents decreased significantly from $577.2 million at the end of 2024 to $386.5 million, which may impact its liquidity and financial stability.

References:
[1] https://www.quiverquant.com/news/Tenable+Holdings%2C+Inc.+Reports+12%25+Revenue+Growth+and+Announces+%24250+Million+Stock+Repurchase+Program