NASDAQ$TENB

Tenable Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Tenable's Q4 2021 financial results were announced, showcasing revenue growth and customer acquisition.

Tenable reported a strong Q4 2021 with revenue reaching $149.0 million, a 26% increase year-over-year, and calculated current billings of $194.0 million, up 29% year-over-year. The company added 562 new enterprise platform customers and 100 net new six-figure enterprise platform customers.

  • Revenue increased by 26% year-over-year, reaching $149.0 million.
  • Calculated current billings grew by 29% year-over-year to $194.0 million.
  • 562 new enterprise platform customers were added.
  • GAAP net loss was $11.0 million, or $0.10 per share.

Headline financials

Total Revenue

$149M

Previous: $118M+26.2%
EPS (adj)

$0.05

Previous: $0.13-61.5%
Calculated Current Billings

$194M

Previous: $151M+28.9%
New Enterprise Platform Customers

562

Previous: 460+22.2%
Capital Expenditures

$2.79M

Previous: $1.2M+131.9%
Free Cash Flow

$19.2M

Previous: $16.7M+14.9%
Net Income

-$11M

Previous: -$1.9M-478.9%
Operating Income

-$12.9M

Previous: -$700K-1738.1%
Gross Profit

$118M

Previous: $97.8M+20.9%
Cash & Equivalents

$278M

Previous: $178M+56.0%
Total Assets

$1.25B

Previous: $691M+80.8%
Stock-Based Comp

$21.1M

Previous: $15.6M+35.3%

Revenue & EPS history

Tenable · Revenue · Quarterly

$149M

Q4 2021+26.2%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Tenable · $149M total across 3 segments · Q4 2021

  • Subscription Revenue
    $132M+29.5%
  • Perpetual License and Maintenance
    $12.6M+0.5%
  • Professional Services and Other
    $4.11M+21.8%

Forward guidance

For the first quarter of 2022, Tenable expects revenue in the range of $152.0 million to $154.0 million and non-GAAP diluted earnings per share in the range of $0.04 to $0.05.

Tailwinds

  • Revenue in the range of $152.0 million to $154.0 million.
  • Non-GAAP income from operations in the range of $10.0 million to $11.0 million.
  • Non-GAAP net income in the range of $5.2 million to $6.2 million.
  • Non-GAAP diluted earnings per share in the range of $0.04 to $0.05.
  • 117.5 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 Q4 2021

Historical avgQ4 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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