Tenable Holdings, Inc. (TENB)

Tenable's stock experienced a leadership transition in January 2025, with Steve Vintz and Mark Thurmond appointed as co-CEOs. Strategic mergers and acquisitions occurred in 2025, including the acquisition of Vulcan Cyber and an announced intent to acquire Apex Security. On February 4, 2026, Tenable announced its Q4 and full-year 2025 financial results, exceeding market forecasts with Q4 revenue of $260.5 million and full-year revenue of $999.4 million. Despite positive earnings, the stock experienced a slight decline in after-hours trading on February 4, 2026. On February 5, 2026, Tenable Holdings Inc. stock reached a 52-week low of $19.54. Management provided optimistic guidance for 2026, projecting revenue between $1.065 billion and $1.075 billion.

Tenable Holdings, Inc. exhibits a relatively stable demand model due to its reliance on a subscription-based revenue model, with recurring revenue constituting 96% of the company's total revenue for the full year 2025. The high percentage of recurring revenue suggests that overall demand for Tenable's products and services is not heavily impacted by seasonal variations.

Tenable Holdings, Inc. (TENB) is a cybersecurity company operating as an exposure management firm, focusing on proactively measuring and managing cyber risk across the entire modern attack surface. The company sells annual or multi-year subscriptions to its cloud-based and on-premise cybersecurity software, generating predictable, recurring revenue. Tenable's major products and platforms include Tenable One Exposure Management Platform, Nessus, Tenable Vulnerability Management, Tenable Cloud Security, Tenable Identity Exposure, Tenable Web App Scanning, Tenable Lumin Exposure View, Tenable Attack Surface Management, Tenable Security Center, Tenable OT Security, and Nessus Expert.

Tenable Holdings, Inc. provides its cyber exposure management solutions globally, serving customers across the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. As of December 31, 2023, the company had approximately 44,000 customers worldwide, including 65% of the Fortune 500.

Tenable has maintained a strong brand reputation, being named a leader in the 2025 Gartner Magic Quadrant for Exposure Assessment Platforms and recognized as a customer choice in the 2025 Gartner Peer Insights Voice of the Customer for Cloud Native Application Protection Platform report. The company is also considered a leader in AI-powered exposure assessment reporting.

Tenable Holdings, Inc. has a significant institutional ownership presence, including major holders like Vanguard Group Inc, BlackRock, Inc., and Ameriprise Financial Inc. Insiders hold 1.50% of the company.