Tenable, Inc. Due Diligence
Run due diligence on Tenable, Inc.: check compliance and get alerts when suppliers or ownership change.
United States · owned by Independent (United States) · www.tenable.com · 32 vendors
Tenable, Inc. is a cybersecurity company and pioneer of exposure management and vulnerability management solutions. Its industry-leading Tenable One platform unifies security visibility, insight, and action across the attack surface — covering IT infrastructure, cloud, OT/IoT, identity, and AI environments. The company serves more than 40,000 customers worldwide, including 65% of the Fortune 500.
Resilience scores
- Digital Sovereignty: 78
- Digital Resilience: 9
- Financial Resilience: 7
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Services catalogue
14 services in catalogue across 7 categories; runs on 32 sub-vendors.
- N-central
- Tenable One
- Mail Assure
Insights
Last updated 2026-09-13 · revision 15
32 direct vendors, 250 subvendors
Direct vendors by controlling owner country (sample)
- Belgium: 1
- Australia: 1
- Canada: 1
Subvendors by controlling owner country (sample)
- Germany: 4
- Romania: 1
- Japan: 3
Financials
Three-year financials
- 2025: revenue USD 999M, EBIT USD -9.17M, equity USD 326M
- 2024: revenue USD 900M, EBIT USD -6.86M, equity USD 400M
- 2023: revenue USD 799M, EBIT USD -52.2M, equity USD 346M
Financial Resilience Score: 7/10
Tenable demonstrates solid financial resilience despite persistent GAAP operating losses. The company generates over 95% of revenue from recurring subscriptions, providing highly predictable cash flow. Free cash flow has grown consistently to approximately $185M in FY2024, and the company holds around $500M in cash and short-term investments, providing ample liquidity runway. Non-GAAP operating income has expanded meaningfully into the high-teens percentage of revenue, indicating improving underlying profitability. However, resilience is tempered by several concerns. GAAP losses persist due to heavy stock-based compensation (15-20% of revenue) and amortization from multiple acquisitions. Revenue growth has decelerated significantly from 47% in 2021 to 12% in 2024, raising competitive positioning questions. The company also carries approximately $375M in convertible senior notes issued in 2023, adding leverage and potential dilution risk. Category leadership with Nessus and a diversified customer base of 44,000+ (including a majority of Fortune 500) with no single customer over 10% of revenue provides meaningful stability.
Key strengths: 95%+ recurring subscription revenue model, Growing free cash flow (~$185M in FY2024), Strong liquidity (~$500M cash and short-term investments), Diversified customer base of 44,000+ with no >10% concentration, Category leader in vulnerability/exposure management, Expanding non-GAAP operating margin, Platform expansion via Tenable One and adjacencies
Risk factors: Persistent GAAP net losses, High stock-based compensation (15-20% of revenue), Revenue growth deceleration from 47% to 12%, ~$375M convertible notes creating leverage and dilution risk, Intense competition from CrowdStrike, Palo Alto, Wiz, Rapid7, Qualys, M&A integration risk from multiple acquisitions, FX exposure with ~40% international revenue
Revenue by geography
- Americas: 60%
- EMEA: 25%
- Asia-Pacific: 15%
Revenue by product/service
- Subscription: 93%
- Perpetual license and maintenance: 5%
- Professional services and other: 2%
Workforce by country
- United States: 1210
- International: 890
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