Tenable(US:TENB) Globenewswire·2025-02-05 21:05Core Insights - Tenable Holdings, Inc. reported strong financial results for Q4 and the full year 2024, exceeding expectations in key metrics such as revenue, operating income, and unlevered free cash flow [2][5][6]. Financial Highlights - Q4 2024 revenue reached $235.7 million, marking an 11% increase year-over-year, while full year revenue totaled $900.0 million, up 13% year-over-year [5][6]. - Calculated current billings for Q4 were $302.2 million, also an 11% increase year-over-year, with full year calculated current billings at $969.5 million, up 11% year-over-year [5][6]. - The company achieved a GAAP income from operations of $13.0 million in Q4 2024, a significant improvement from a loss of $14.3 million in Q4 2023 [6]. - Non-GAAP income from operations for Q4 was $59.4 million, compared to $36.1 million in the same quarter of the previous year [6]. - Full year net cash provided by operating activities was $217.5 million, with unlevered free cash flow of $237.8 million [5][6]. Business Developments - The company added 485 new enterprise platform customers and 135 net new six-figure customers during the year [11]. - Tenable announced its intent to acquire Vulcan Cyber Ltd., which is expected to enhance its exposure management platform [11]. - The launch of Tenable Patch Management and integration of Tenable Vulnerability Intelligence into Tenable Security Center were key product developments [11]. Financial Outlook - For Q1 2025, Tenable expects revenue in the range of $232.0 million to $234.0 million and non-GAAP income from operations between $42.0 million and $44.0 million [12]. - For the full year 2025, revenue is projected to be between $971.0 million and $981.0 million, with non-GAAP income from operations expected to be in the range of $213.0 million to $223.0 million [12].