NASDAQ$TENB

Tenable Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Tenable's financial performance in Q2 2021 showed revenue growth and customer acquisition, with strategic investments positioning the company for future success.

Tenable reported a 22% year-over-year increase in revenue, reaching $130.3 million, and added 399 new enterprise platform customers. The company's calculated current billings grew by 23% year-over-year. Strategic acquisitions and credit facility arrangements are expected to support continued growth.

  • Revenue increased by 22% year-over-year, reaching $130.3 million.
  • Calculated current billings grew by 23% year-over-year, totaling $136.8 million.
  • Added 399 new enterprise platform customers and 67 net new six-figure customers.
  • Closed a new credit facility and completed the acquisition of Alsid SAS.

Headline financials

Total Revenue

$130M

Previous: $107M+21.5%
EPS (adj)

$0.09

Previous: $0.04+125.0%
Calculated Current Billings

$137M

Previous: $111M+23.0%
New Enterprise Platform Customers

399

Previous: 341+17.0%
Capital Expenditures

-$2.6M

Previous: -$11M+76.4%
Free Cash Flow

-$14.2M

Previous: -$23M+38.0%
Net Income

-$11.6M

Previous: -$12M+2.7%
Operating Income

-$11.9M

Previous: -$10.6M-12.5%
Gross Profit

$104M

Previous: $88.1M+17.9%
Cash & Equivalents

$136M

Previous: $136M-0.4%
Total Assets

$745M

Previous: $576M+29.3%
Stock-Based Comp

$20.5M

Previous: $15.7M+30.7%

Revenue & EPS history

Tenable · Revenue · Quarterly

$130M

Q2 2021+21.5%vs Q2 2020
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Tenable · $130M total across 3 segments · Q2 2021

  • Subscription Revenue
    $114M+24.1%
  • Perpetual License and Maintenance
    $12.6M+3.2%
  • Professional Services and Other
    $3.53M+16.7%

Forward guidance

For the third quarter of 2021, Tenable expects revenue in the range of $133.0 million to $135.0 million and non-GAAP income from operations in the range of $7.0 million to $8.0 million.

Tailwinds

  • Revenue in the range of $133.0 million to $135.0 million.
  • Non-GAAP income from operations in the range of $7.0 million to $8.0 million.
  • Non-GAAP net income in the range of $1.0 million to $3.0 million.
  • Non-GAAP diluted earnings per share in the range of $0.01 to $0.03.
  • 115.0 million diluted weighted average shares outstanding.

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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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