Financial Data and Key Metrics Changes - In Q3 2025, the company reported revenue of $252.4 million, reflecting an 11.2% year-over-year growth [20] - Non-GAAP gross margin increased to 81.6% from 81.4% in Q3 2024 [21] - Non-GAAP income from operations was $58.9 million, or 23.3% of revenue, compared to $45 million, or 19.8% of revenue in Q3 2024 [22] - Non-GAAP earnings per share for the quarter was $0.42, up 31.3% from $0.32 in Q3 2024 [22] - Cash and short-term investments totaled $383.6 million, with unleveraged free cash flow of $58.5 million for the quarter [23][24] Business Line Data and Key Metrics Changes - Tenable One, the exposure management platform, represented approximately 40% of new business during the quarter [6] - The company added 437 new enterprise platform customers, a 13% increase compared to Q3 2024 [6] - The percentage of recurring revenue remained high at 95% [20] Market Data and Key Metrics Changes - The company was recognized as a leader in exposure management by Forrester and IDC during Q3 [13] - IDC reported that Tenable ranked number one in its latest market share report [13] Company Strategy and Development Direction - The company is focusing on a shift from reactive cybersecurity to a more preventative and preemptive approach, driven by AI advancements [7][8] - Significant investments in R&D, with over 20% increase year-to-date, are aimed at enhancing Tenable One [10] - The company is building a comprehensive exposure management platform that integrates various security tools and data sources [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline and renewal business, indicating minimal exposure to potential government shutdown impacts [31][35] - The company raised its full-year guidance for calculated current billings and revenue, reflecting optimism for continued growth [25][26] Other Important Information - The company repurchased 2 million shares for $60 million during the quarter, totaling 8.3 million shares repurchased for $300 million since November 2023 [24] - The company launched Tenable AI Exposure to help organizations manage risks associated with generative AI [10] Q&A Session Summary Question: Performance in U.S. Federal vertical - Management noted strong performance in the public sector and U.S. Federal, aligning with expectations despite seasonal challenges [31] Question: Impact of government shutdowns on Q4 - Management indicated minimal exposure to potential shutdown impacts, with strong renewal business and a positive pipeline outlook [35] Question: Changes in guidance philosophy - Management confirmed no substantial changes to guidance philosophy, emphasizing a high-functioning team and focus on key metrics [40] Question: Billings guidance and visibility - Management expressed increased confidence in year-end visibility, leading to a slight upward adjustment in guidance [41] Question: AI innovation roadmap - Management indicated a dual approach of organic growth and potential M&A to enhance AI capabilities in response to evolving threats [64] Question: Contribution of integrations to deal velocity - Management highlighted that over 300 validated integrations enhance deal velocity and customer insights, supporting unified visibility [91]

Business Overview - Tenable offers a unique approach to a secular growth opportunity in Exposure Management[10] - The company's platform unifies data across network, cloud, Identity, OT, and DevOps environments[10] - AI-driven analytics are used for prioritization and benchmarking[10] - Tenable One is designed to be a comprehensive Exposure Management Platform[17] Market Opportunity & Competitive Position - Exposure Management represents a $50 billion market opportunity[25] - Tenable holds the 1 market share at 26.6% in the Worldwide Device Vulnerability and Exposure Management market[29] Financial Performance - Q3 2025 revenue reached $252.4 million, reflecting 11% year-over-year growth[35] - Calculated Current Billings (CCB) for Q3 2025 were $267.5 million, an 8% year-over-year increase[35] - Short-Term Remaining Performance Obligations (RPO) grew to $669 million, a 13% year-over-year increase[35] - The company anticipates full year 2025 revenue between $988 million and $992 million[54] - The company anticipates full year 2025 Calculated Current Billings between $1.040 billion and $1.048 billion[54]

Financial Performance - Revenue for Q3 2025 was $252.4 million, representing an 11% year-over-year growth[6] - Calculated current billings for Q3 2025 were $267.5 million, an 8% increase year-over-year[7] - GAAP net income was $2.3 million, compared to a loss of $9.2 million in Q3 2024[7] - Non-GAAP net income was $51.4 million, up from $39.3 million in Q3 2024[7] - Non-GAAP diluted earnings per share increased to $0.42 from $0.32 in Q3 2024[7] - Revenue for Q3 2025 was $252,440,000, a 11.2% increase from $227,088,000 in Q3 2024[25] - Gross profit for Q3 2025 reached $195,687,000, compared to $176,589,000 in Q3 2024, reflecting a 10.8% growth[25] - Net income for Q3 2025 was $2,260,000, a significant improvement from a net loss of $9,211,000 in Q3 2024[25] - Total revenue for the nine months ended September 30, 2025, was $738.9 million, a 11.2% increase compared to $664.3 million for the same period in 2024[30] - Non-GAAP income from operations for Q3 2025 was $58.9 million, compared to $45.0 million in Q3 2024, representing a 30.0% increase[32] - Non-GAAP net income for the nine months ended September 30, 2025, was $137.1 million, up 27.1% from $107.9 million in 2024[32] Customer Growth - Added 437 new enterprise platform customers and 38 net new six-figure customers in Q3 2025[7] Future Guidance - For Q4 2025, revenue is expected to be in the range of $249.1 million to $253.1 million[11] - Full-year revenue guidance for 2025 is projected between $988.0 million and $992.0 million[11] - Forecasted non-GAAP income from operations for the three months ending December 31, 2025, is projected to be between $55.7 million and $59.7 million, with a year-end forecast of $211.0 million to $215.0 million[36] - The forecasted net loss for the three months ending December 31, 2025, is estimated to be between $(6.0) million and $(2.0) million, with a year-end forecast of $(41.3) million to $(37.3) million[36] - Forecasted non-GAAP net income for the three months ending December 31, 2025, is expected to range from $47.9 million to $51.9 million, with a year-end forecast of $185.0 million to $189.0 million[36] - The forecasted free cash flow for the year ending December 31, 2025, is projected to be between $238.2 million and $248.2 million[36] - Forecasted unlevered free cash flow for the year ending December 31, 2025, is estimated to be between $265.0 million and $275.0 million[36] Operating Expenses and Cash Flow - Total operating expenses for the nine months ended September 30, 2025, were $593,248,000, up from $535,892,000 in the same period of 2024[25] - Cash and cash equivalents decreased to $171,852,000 as of September 30, 2025, down from $328,647,000 at the end of 2024[27] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $183,720,000, compared to $136,357,000 in 2024[29] - Free cash flow for Q3 2025 was $51.6 million, slightly down from $52.7 million in Q3 2024[30] Stock and Compensation - Stock-based compensation for the nine months ended September 30, 2025, totaled $147,311,000, an increase from $122,801,000 in 2024[29] - Forecasted stock-based compensation for the three months ending December 31, 2025, is expected to be $44.6 million, with a year-end forecast of $191.9 million[36] Assets and Liabilities - Total assets as of September 30, 2025, were $1,652,622,000, a decrease from $1,742,119,000 at the end of 2024[27] - The company reported a decrease in deferred revenue to $639,614,000 as of September 30, 2025, from $650,372,000 at the end of 2024[27] - Remaining performance obligations as of September 30, 2025, totaled $928.9 million, reflecting a 20.4% increase from $771.6 million in 2024[30] - Business combinations in 2025 resulted in a cash outflow of $196,182,000, compared to $29,162,000 in 2024[29] New Initiatives - Launched Tenable AI Exposure, a solution for managing risks from generative AI[7] - Appointed Matthew Brown as Chief Financial Officer, enhancing leadership[7] Profitability Metrics - Non-GAAP gross profit for Q3 2025 was $206.0 million, an increase from $184.8 million in Q3 2024[34] - Non-GAAP operating margin improved to 23.3% in Q3 2025, compared to 19.8% in Q3 2024[32] - The forecasted diluted non-GAAP earnings per share for the three months ending December 31, 2025, is expected to range from $0.39 to $0.43, with a year-end forecast of $1.51 to $1.54[36] - The forecasted weighted-average shares used to compute non-GAAP earnings per share, diluted, is projected to be 121.5 million for the three months ending December 31, 2025[36]

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Core Insights - Tenable Holdings, Inc. reported better-than-expected financial results for Q3 2025, driven by strong demand for its Tenable One Exposure Management platform, reflecting a shift in the cybersecurity industry towards proactive risk management [2][6][7]. Financial Highlights - Revenue for Q3 2025 was $252.4 million, representing an 11% year-over-year growth [6][7]. - Calculated current billings reached $267.5 million, an 8% increase year-over-year [6][7]. - GAAP operating margin improved to 2.8%, compared to a loss of 0.9% in Q3 2024 [6][7]. - Non-GAAP operating margin increased to 23.3%, up 350 basis points year-over-year [6][7]. - GAAP net income was $2.3 million, a significant recovery from a loss of $9.2 million in Q3 2024 [6][7]. - Non-GAAP net income was $51.4 million, compared to $39.3 million in the same quarter last year [6][7]. Business Developments - The company added 437 new enterprise platform customers and 38 new six-figure customers during the quarter [6][7]. - Tenable launched Tenable AI Exposure, a solution aimed at managing risks associated with generative AI [6][7]. - The company was recognized as a "Leader" in Worldwide Exposure Management by IDC and Unified Vulnerability Management by Forrester [6][7]. Financial Outlook - For Q4 2025, Tenable expects revenue in the range of $249.1 million to $253.1 million [11]. - For the full year ending December 31, 2025, revenue is projected to be between $988.0 million and $992.0 million [11].

Company Overview - Sandisk is valued at $18.6 billion and is known for creating, manufacturing, and distributing flash memory storage systems used in smartphones, cameras, computers, and data centers [5] - The stock has experienced a significant rise of over 288% since its relisting under the SNDK ticker earlier this year, driven by increased demand for high-performance data storage solutions for AI workloads [4] Financial Performance - Analysts expect Sandisk's revenue to increase by 22% to $8.9 billion, with earnings projected to rise by 119% to $6.55 per share [2] - For the full fiscal year 2025, Sandisk reported a 10% increase in revenue to $7.3 billion and a profit of $2.99 per share, compared to a loss of $3.46 per share in fiscal 2024 [3] Market Position and Competition - The competitive landscape in the flash memory market remains intense, with Micron dominating both the NAND and DRAM markets [2] - The demand for massive storage and memory capacities driven by AI models positions Sandisk as an appealing target for Big Tech firms developing or expanding AI data centers [3] Analyst Ratings - Wall Street rates Sandisk stock as a consensus "Moderate Buy," with 11 out of 18 analysts recommending a "Strong Buy," six recommending a "Hold," and one suggesting a "Strong Sell" [1] - The stock has surpassed its average analyst price target of $94.28, with a high price estimate of $150 implying an upside potential of 8% over the next 12 months [1]

COLUMBIA, Md., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (NASDAQ: TENB), the exposure management company, today announced it will release financial results for its third quarter ended September 30, 2025, after the U.S. market close on Wednesday, October 29, 2025. Tenable will host a conference call that day at 4:30 p.m. ET to discuss the results. A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com. A live dial-in will be ava ...

Group 1 - Dan Ives, a prominent tech analyst, forecasts a surge in mergers and acquisitions (M&A) in the technology sector, particularly driven by artificial intelligence (AI) [1][2] - Ives identifies a lenient regulatory environment as a catalyst for easier deal closures, suggesting that both strategic and financial buyers are preparing for increased acquisition activity [2][4] - A comprehensive list of potential M&A targets includes companies like C3.ai Inc., SanDisk Corp., and Lyft Inc., among others [3][5] Group 2 - Major tech firms such as Apple Inc. and IBM are expected to be highly active acquirers in the upcoming M&A wave as they seek to enhance their AI capabilities [4][5] - Recent M&A activity in the industry includes CoreWeave's acquisition of Core Scientific's data centers and Palo Alto Networks' acquisition of CyberArk Software [5][6] - The Dan IVES Wedbush AI Revolution ETF has gained significant investor confidence, surpassing $750 million in assets under management shortly after its launch, reflecting a 30.18% increase since listing [6]

Core Insights - Cybersecurity is identified as a highly attractive secular theme within the technology sector, with Tenable Holdings focusing on "exposure management" as its niche [1] - The company has transitioned from being primarily a vulnerability-scanning provider to a broader role in exposure management [1]

Core Insights - Cybersecurity is identified as a highly attractive secular theme within the technology sector, with Tenable Holdings focusing on "exposure management" as its niche [1] - The company has transitioned from being primarily a vulnerability-scanning provider to a broader role in exposure management [1]