Business
Tenable Announces Fourth Quarter and Full Year 2024 Financial Results
Fourth quarter revenue of $235.7 million, up 11% year-over-year; full year revenue of $900.0 million, up 13% year-over-year.Fourth quarter calculated current
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Fourth quarter revenue of $235.7 million, up 11% year-over-year; full year revenue of $900.0 million, up 13% year-over-year.Fourth quarter calculated current billings of $302.2 million, up 11% year-over-year; full year calculated current billings of $969.5 million, up 11% year-over-year.Full year net cash provided by operating activities of $217.5 million; full year unlevered free cash flow of $237.8 million. COLUMBIA, Md., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (“Tenable”) (Nasdaq: TENB), the exposure management company, today announced financial results for the quarter and year ended December 31, 2024. “We are very pleased with the results for the quarter as we delivered better-than-expected CCB, revenue, operating income, EPS and unlevered free cash flow,” said Steve Vintz, Co-CEO and CFO of Tenable. “Our outperformance was driven by strong traction in cloud and Tenable One as customers look to secure cloud and get a holistic view of their environment.” “We continue to drive incredible value for our customers resulting in a strong quarter for six-figure additions, many of which were Tenable One deals,” said Mark Thurmond, Co-CEO and COO of Tenable. “We are winning marquee, large deals with our exposure management products and are laser focused on continuing to deliver on our customer-driven roadmap.” Fourth Quarter 2024 Financial Highlights Revenue was $235.7 million, an 11% increase year-over-year.Calculated current billings was $302.2 million, an 11% increase year-over-year.GAAP income from operations was $13.0 million, compared to a loss of $14.3 million in the fourth quarter of 2023.Non-GAAP income from operations was $59.4 million, compared to $36.1 million in the fourth quarter of 2023.GAAP net income was $1.9 million, compared to a loss of $21.6 million in the fourth quarter of 2023.GAAP diluted earnings per share was $0.02, compared to a loss per share of $0.19 in the fourth quarter of 2023.Non-GAAP net income was $50.7 million, compared to $30.2 million in the fourth quarter of 2023.Non-GAAP diluted earnings per share was $0.41, compared to $0.25 in the fourth quarter of 2023.Net cash provided by operating activities was $81.1 million, compared to $38.5 million in the fourth quarter of 2023.Unlevered free cash flow was $85.7 million, compared to $43.3 million in the fourth quarter of 2023.Repurchase...