NASDAQ$TENB
Tenable Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Tenable's Q4 2022 financial results exceeded expectations with strong growth in revenue and calculated current billings.
Tenable announced strong Q4 2022 results, exceeding expectations for both revenue and profitability. The company saw significant traction with Tenable One and added 571 new enterprise platform customers. Revenue increased by 24% year-over-year, and calculated current billings grew by 23%.
- Added 571 new enterprise platform customers in Q4 2022.
- Revenue was $184.6 million, up 24% year-over-year.
- Calculated current billings was $238.9 million, up 23% year-over-year.
- Unlevered free cash flow was $32.1 million, compared to $22.4 million in the fourth quarter of 2021.
Headline financials
Revenue & EPS history
Tenable · Revenue · Quarterly
$185M
Revenue by segment
Tenable · $185M total across 3 segments · Q4 2022
- Subscription Revenue$166M+25.7%90.0%
- Perpetual License and Maintenance$12.5M-1.0%6.8%
- Professional Services and Other$5.89M+43.5%3.2%
Forward guidance
For the first quarter of 2023, Tenable expects revenue in the range of $186.0 million to $188.0 million and non-GAAP diluted earnings per share in the range of $0.02 to $0.03. For the year ending December 31, 2023, Tenable expects revenue in the range of $800.0 million to $810.0 million and non-GAAP diluted earnings per share in the range of $0.52 to $0.56.
Tailwinds
- Revenue in the range of $186.0 million to $188.0 million for Q1 2023.
- Non-GAAP income from operations in the range of $9.0 million to $10.0 million for Q1 2023.
- Non-GAAP net income in the range of $3.0 million to $4.0 million for Q1 2023.
- Non-GAAP diluted earnings per share in the range of $0.02 to $0.03 for Q1 2023.
- Calculated current billings in the range of $915.0 million to $925.0 million for FY 2023.
Headwinds
- Non-GAAP income from operations in the range of $86.0 million to $91.0 million for FY 2023.
- Non-GAAP net income in the range of $63.0 million to $68.0 million for FY 2023.
- Non-GAAP diluted earnings per share in the range of $0.52 to $0.56 for FY 2023.
- Assumes interest expense of $7.5 million and a provision for income taxes of $2.1 million for Q1 2023.
- Assumes interest expense of $31.3 million and a provision for income taxes of $9.3 million for FY 2023.
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 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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