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Sep 30, 2024
Tenable Q3 2024 Earnings Report
Reported strong Q3 2024 results, surpassing expectations with revenue up 13% year-over-year.
Key Takeaways
Tenable's Q3 2024 financial results showed strong performance, with revenue reaching $227.1 million, a 13% increase year-over-year. Calculated current billings were $248.4 million, up 11% year-over-year. The company's GAAP operating margin was (1)%, while the non-GAAP operating margin was 20%.
Revenue reached $227.1 million, reflecting a 13% increase year-over-year.
Calculated current billings increased by 11% year-over-year, totaling $248.4 million.
GAAP operating margin was (1)%, while non-GAAP operating margin was 20%.
The board of directors approved a $200 million expansion of the stock repurchase program.
Tenable
Tenable
Tenable Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comPerpetual License & Maintenance Revenue
CapyFin.comProfessional Services & Other Revenue
CapyFin.com Forward Guidance
For the fourth quarter of 2024, Tenable expects revenue in the range of $229.0 million to $233.0 million and non-GAAP income from operations in the range of $47.0 million to $49.0 million.
Positive Outlook
- Revenue in the range of $229.0 million to $233.0 million.
- Non-GAAP income from operations in the range of $47.0 million to $49.0 million.
- Non-GAAP net income in the range of $42.0 million to $44.0 million.
- Non-GAAP diluted earnings per share in the range of $0.33 to $0.35.
- 125.5 million diluted weighted average shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income