Tenable Holdings, Inc.
Tenable Holdings, Inc. develops cybersecurity software for exposure management, vulnerability management, cloud security, identity exposure, and operational technology security. The company sells its platform globally through a mix of direct sales, e-commerce, and a two-tier channel network of distributors and resellers, serving organizations across many industries.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaRecurring licenses for Tenable One and related security platforms used to manage exposure and vulnerabilities.
Legacy software licenses and ongoing maintenance support for installed customers.
Implementation, advisory, training, and other services tied to product adoption.
Tuotteet
Raportoitu · osuus liikevaihdosta- Subscription and Circulation92,0 %
- License and Maintenance4,5 %
- Services and other3,5 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Tenable sells to enterprises, public-sector organizations, and other institutions that need to identify and prioritize cyber exposure across IT, cloud, identity, and OT environments. Its customer base spans many industries, with particular emphasis on large enterprise accounts and organizations that buy through channel partners for broad deployment and renewal support.
Organizations licensing Tenable One, Vulnerability Management, Cloud Security, Identity Exposure, OT Security, or Security Center at $5,000+ annually.
Fortune 500, Global 2000, and other large organizations that buy broader platform deployments and renewals.
Federal, state, local, and large agency customers that use Tenable to monitor security exposure across complex environments.
Smaller enterprises and specialized teams that adopt point products or start with Nessus and expand over time.
Distributors, resellers, integrators, and MSSPs that resell and implement Tenable offerings for end users.
Strategia
Tenable is focused on expanding its exposure management platform, adding capabilities across cloud, identity, OT, and AI-related attack surfaces. It also relies on channel partners and product innovation to deepen enterprise penetration, expand internationally, and increase cross-sell within its installed base.
Customers want one view of exposure across IT, cloud, identity, and OT.
Large accounts can adopt more modules and renew over time.
The two-tier channel model extends reach and deal velocity outside the U.S.
Cybersecurity buyers expect frequent feature updates and coverage of new threats.
Maantiede
Q1/2026Tenable is headquartered in Columbia, Maryland and sells in over 170 countries. The company organizes sales coverage across the Americas, EMEA, and Asia Pacific and Japan, with international reach amplified by distributors and resellers.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
Tenable faces typical cybersecurity-software risks: intense competition, rapid product obsolescence, and dependence on continued innovation. Its business also depends on channel partners and large enterprise renewals, while macroeconomic, geopolitical, and AI-related risks can affect customer demand, product acceptance, and operating execution.
- Intense cybersecurity competitionVaikutus: KorkeaTodennäköisyys: Kohtalainen
Customers can choose among many vulnerability and exposure tools, so Tenable must keep innovating.
Kohdistuu: Product differentiation and pricing
- Dependence on channel partnersVaikutus: KorkeaTodennäköisyys: Kohtalainen
A substantial share of revenue is generated through distributors and resellers, so partner disruption can affect sales.
Kohdistuu: Ingram Micro and other distributors
- Customer renewal and expansion riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen
The business relies on recurring subscriptions and upsell into existing accounts.
Kohdistuu: Enterprise platform renewals
- AI product riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen
New AI functionality may be inaccurate, flawed, or not accepted by the market.
Kohdistuu: AI exposure and AI-enabled features
- Macro and geopolitical sensitivityVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Customer budgets, renewals, and international demand can weaken during economic or political stress.
Kohdistuu: Global enterprise and public-sector spending
Kirjanpito
Harkinnanvaraiset erätDifferent contract types are recognized differently, affecting quarterly comparability and mix.
Vaikutus: Subscription revenue is the largest component and drives reported growth
Equity awards are a recurring expense across sales, R&D, and G&A.
Vaikutus: Can materially affect operating loss and non-GAAP reconciliation
Acquisitions can add non-cash amortization to cost of revenue and operating expenses.
Vaikutus: Affects gross profit and operating margin
AWS and office lease obligations create fixed future cash outflows.
Vaikutus: Important for liquidity and cash flow analysis
Buybacks reduce equity and consume financing cash flow.
Vaikutus: Can materially change cash flow from financing activities
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
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Päivitetty: 24.9.2026