NASDAQ$TENB
Tenable Holdings Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Delivered outstanding results in the first quarter, marked by accelerating top-line growth, strong profitability, and continued investment in innovation and new product capabilities.
Tenable announced strong Q1 2022 results with revenue of $159.4 million, up 29% year-over-year, and calculated current billings of $156.5 million, up 31% year-over-year. The company added 459 new enterprise platform customers. While GAAP loss from operations was $17.5 million, non-GAAP income from operations was $12.5 million. Net cash provided by operating activities was $32.9 million, and unlevered free cash flow was $32.1 million.
- Added 459 new enterprise platform customers and 17 net new six-figure customers.
- Revenue of $159.4 million, up 29% year-over-year.
- Calculated current billings of $156.5 million, up 31% year-over-year.
- Net cash provided by operating activities of $32.9 million; Unlevered free cash flow of $32.1 million.
Headline financials
Revenue & EPS history
Tenable · Revenue · Quarterly
$159M
Revenue by segment
Tenable · $159M total across 3 segments · Q1 2022
- Subscription Revenue$143M+32.9%89.5%
- Perpetual License and Maintenance$12.9M+3.8%8.1%
- Professional Services and Other$3.81M+12.6%2.4%
Forward guidance
For the second quarter of 2022, Tenable expects revenue in the range of $162.0 million to $164.0 million and non-GAAP income from operations in the range of $6.0 million to $7.0 million. For the year ending December 31, 2022, Tenable expects calculated current billings in the range of $764.0 million to $772.0 million and revenue in the range of $673.0 million to $679.0 million.
Tailwinds
- Revenue in the range of $162.0 million to $164.0 million for Q2 2022.
- Non-GAAP income from operations in the range of $6.0 million to $7.0 million for Q2 2022.
- Non-GAAP net income in the range of $1.0 million to $2.0 million for Q2 2022.
- Non-GAAP diluted earnings per share in the range of $0.01 to $0.02 for Q2 2022.
- Calculated current billings in the range of $764.0 million to $772.0 million for the year ending December 31, 2022.
Headwinds
- Non-GAAP income from operations in the range of $6.0 million to $7.0 million for Q2 2022.
- Non-GAAP net income in the range of $1.0 million to $2.0 million for Q2 2022.
- Non-GAAP diluted earnings per share in the range of $0.01 to $0.02 for Q2 2022.
- Revenue is not expected to be significant for the second half of the year ending December 31, 2022 due to the acquisition of Bit Discovery, Inc.
- Bit Discovery is expected to add $2 million to $3 million of non-GAAP net loss for the second half of the year ending December 31, 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-1.9%
Avg return
Earnings day
-2.6%
Avg return
5 days after
-1.9%
Avg return
30 days after
42%
13 / 31 earnings
Positive
+20.6%
Q3 2022
Best reaction
-21.4%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.1% | -2.1% | +31.5% | |
| Q4 2025 | +0.2% | +16.1% | +6.7% | |
| Q3 2025 | +0.7% | -2.0% | -7.4% | |
| Q1 2025 | -9.2% | -7.2% | -4.3% | |
| Q4 2024 | +1.5% | -1.8% | -10.1% | |
| Q3 2024 | -5.2% | -7.4% | +0.4% | |
| Q2 2024 | -9.9% | -14.9% | -12.4% | |
| Q1 2024 | +0.5% | +1.2% | -6.2% | |
| Q4 2023 | +6.7% | +10.5% | -0.6% | |
| Q3 2023 | -16.1% | -12.1% | -3.2% | |
| Q2 2023 | +11.3% | +10.0% | -1.3% | |
| Q1 2023 | -21.1% | -20.5% | -17.3% | |
| Q4 2022 | +6.8% | +4.6% | +1.8% | |
| Q3 2022 | +20.6% | +24.3% | +17.3% | |
| Q2 2022 | -21.4% | -19.7% | -13.6% | |
| Q1 2022 | -2.1% | -4.6% | -14.5% | |
| Q4 2021 | -1.8% | -1.5% | +8.5% | |
| Q3 2021 | -1.2% | +0.5% | -3.1% | |
| Q2 2021 | -0.6% | -5.5% | -3.5% | |
| Q1 2021 | -8.1% | -13.1% | -2.5% | |
| Q4 2020 | -8.0% | -8.9% | -24.9% | |
| Q3 2020 | -1.9% | -6.8% | -4.1% | |
| Q2 2020 | +16.9% | +10.8% | +18.4% | |
| Q1 2020 | +6.0% | +0.6% | +20.7% | |
| Q4 2019 | -2.8% | -3.6% | -16.7% | |
| Q3 2019 | +12.5% | +7.3% | +17.4% | |
| Q2 2019 | -17.8% | -19.6% | -27.7% | |
| Q1 2019 | -9.6% | -13.7% | -20.0% | |
| Q4 2018 | -9.1% | -8.2% | +3.4% | |
| Q3 2018 | -8.2% | -9.5% | -11.2% | |
| Q2 2018 | +6.1% | +15.2% | +18.2% | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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