NASDAQ$TENB
Tenable Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Tenable's Q3 2021 financial results were announced, demonstrating strong revenue growth and customer acquisition.
Tenable reported revenue of $138.7 million, a 23% increase year-over-year, and added 499 new enterprise platform customers. The company's calculated current billings reached $166.9 million, up 25% year-over-year. While GAAP loss from operations was $11.2 million, non-GAAP income from operations was $13.7 million. The company also completed the acquisition of Accurics, Inc.
- Added 499 new enterprise platform customers and 62 net new six-figure customers.
- Revenue reached $138.7 million, reflecting a 23% increase year-over-year.
- Calculated current billings was $166.9 million, a 25% increase year-over-year.
- Free cash flow was $18.5 million, compared to $16.7 million in the third quarter of 2020.
Headline financials
Revenue & EPS history
Tenable · Revenue · Quarterly
$139M
Revenue by segment
Tenable · $139M total across 3 segments · Q3 2021
- Subscription Revenue$122M+26.2%88.1%
- Perpetual License and Maintenance$12.7M+2.4%9.2%
- Professional Services and Other$3.76M+23.6%2.7%
Forward guidance
For the fourth quarter of 2021, Tenable expects revenue in the range of $143.0 million to $145.0 million and Non-GAAP income from operations in the range of $7.0 million to $8.0 million.
Tailwinds
- Revenue in the range of $143.0 million to $145.0 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 $2.0 million to $3.0 million.
- Non-GAAP diluted earnings per share in the range of $0.02 to $0.03.
- 116.5 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 Q3 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
| 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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