Tenable Holdings delivered a solid QQ3 2025 result with topline growth and durable gross margins, supported by a diversified cyber exposure software platform. Revenue reached USD 252.44 million, up 11.16% year over year (YoY) and 2.08% quarter over quarter (QoQ), while gross profit was USD 195.69 million for a gross margin of 77.5%. Operating income stood at USD 7.14 million (2.83% margin) and net income USD 2.26 million (0.90% net margin), translating to basic EPS of USD 0.0188. EBITDA was USD 16.81 million with an EBITDA margin of about 6.66%. The company generated solid per-share operating cash flow (OCF) of USD 0.447 and free cash flow per share (FCF) of USD 0.440; cash per share was USD 3.18. Trailing-12-month (TTM) revenue is approximately USD 975 million, with a quarterly cadence reflecting steady demand for Tenable.io and Nessus-based offerings. Despite a low current ratio of 0.94, balance sheet risk remains modest due to a small debt burden (debt ratio ~3.65%, debt/equity ~17.5%). Valuation remains premium, with a Price-to-Sales ratio near 13.9x and an Enterprise Value multiple around 202.5x, signaling investor confidence in growth prospects from cloud-native security platforms and expanded cross-sell opportunities.
Management commentary from the earnings call is not available in the provided data; as a result, this section relies on the reported figures and industry dynamics to assess the trajectory and sustainability of the current performance. Investors should review the full earnings call transcript for management color on bookings cadence, ARR/ACV growth, and multi-quarter visibility.