Tenable Holdings, Inc. (TENB) Bundle
A company's Mission Statement, Vision, and Core Values aren't just HR boilerplate; they are the strategic scaffolding that supports its financial performance, especially for a cybersecurity leader like Tenable Holdings, Inc. (TENB).
You're looking at a company that is guiding for full-year 2025 revenue between $988.0 million and $992.0 million, with non-GAAP diluted earnings per share (EPS) anticipated to be between $1.51 and $1.54, so the core question is: are those foundational principles strong enough to drive that kind of growth? We need to see how their stated commitment to empowering organizations to understand and reduce their cyber risk actually translates into the exposure management platform that serves approximately 44,000 customers, including 65% of the Fortune 500. Do their values-like 'We Deliver Results' and 'We Care'-really shape the product and customer experience, or are they just words on a wall?
Tenable Holdings, Inc. (TENB) Overview
You're looking at Tenable Holdings, Inc., and the picture is one of a mature cybersecurity firm successfully navigating the industry's shift from simple vulnerability scanning to comprehensive exposure management (EM). The company, founded in 2002, first gained traction with its widely-used Nessus vulnerability scanner, a tool that defintely changed the game for security teams.
Since its IPO in 2018, Tenable has expanded its offerings significantly, moving beyond just finding flaws to helping you prioritize and fix them across your entire attack surface. Today, their core product is the Tenable One Exposure Management platform, which integrates solutions like Tenable.io (cloud-delivered software as a service) and Tenable.cs (for cloud-native application security). For the full year ending December 31, 2025, the company anticipates total revenue to be in the range of $988.0 million to $992.0 million. That's a solid revenue stream in a competitive space.
Q3 2025 Financial Performance: Revenue and Margin Growth
The latest financial results, covering the third quarter of 2025, show Tenable is executing well on its strategy. The company reported a Q3 2025 revenue of $252.4 million, which is an 11% increase year-over-year and beat analyst expectations. This growth is directly tied to the strong demand for the Tenable One Exposure Management platform, which is their main product pushing sales. Honestly, the market is recognizing the value of a unified view of risk.
The company's calculated current billings-a key indicator of near-term sales performance-also grew to $267.5 million in the quarter. More importantly, profitability is improving: Tenable posted a GAAP net income of $2.3 million for the quarter, a significant turnaround from a loss of $9.2 million in the same period last year. Non-GAAP diluted earnings per share (EPS) hit $0.42, up from $0.32 a year prior. Here's the quick math on their full-year guidance: they expect Non-GAAP diluted EPS to land between $1.51 and $1.54 for 2025.
Growth in their customer base is also a clear sign of market traction:
- Added 437 new enterprise platform customers in Q3 2025.
- Secured 38 net new six-figure customers during the same period.
Tenable's Leadership in Exposure Management
You need to understand Tenable's position as a leader because it validates their long-term strategy. They are not just a legacy vulnerability scanner company anymore; they are actively leading the industry's shift toward a preemptive security approach called exposure management. This means moving beyond just reacting to threats to staying ahead of them.
Third-party validation confirms this leadership. Tenable was named a "Leader" in both Worldwide Exposure Management by IDC and Unified Vulnerability Management by Forrester, and it has been ranked #1 in Device Vulnerability and Exposure Management market share by IDC for the seventh consecutive year. That's seven years of market dominance in a core segment. They're investing in the future, too, with the launch of Tenable AI Exposure to manage risks from generative artificial intelligence (AI). To be fair, this focus on the evolving threat landscape is why they remain a top-tier player. If you want to dive deeper into the nuts and bolts of their balance sheet and cash flow, you should check out Breaking Down Tenable Holdings, Inc. (TENB) Financial Health: Key Insights for Investors.
Tenable Holdings, Inc. (TENB) Mission Statement
Tenable Holdings, Inc.'s mission statement is clear and directly addresses the core problem in modern digital business: To empower organizations to understand and reduce their cybersecurity risk. This isn't just a corporate slogan; it's the operational North Star that guides every product decision, from the Tenable One platform to their financial investments in research and development (R&D).
For you, as an investor or a business strategist, this mission is significant because it defines the company's long-term goal in a high-growth, non-negotiable market-cybersecurity. They are not just selling a tool; they are selling a measurable reduction in business risk, which is a budget line item that rarely gets cut. The company's focus on this mission is reflected in its financial outlook, with full-year 2025 revenue expected to be between $988.0 million and $992.0 million, showing strong market demand for their approach.
Component 1: To Empower Organizations
The first component is about enabling the customer, shifting the focus from simply reporting vulnerabilities to giving security teams the power to act decisively. Tenable Holdings, Inc. positions itself as the partner that provides clarity, not just data overload. This is a crucial distinction in the cybersecurity world, where the average enterprise deals with millions of data points daily.
This empowerment is delivered through their foundational concept of Exposure Management, which unifies security visibility, insight, and action across the entire attack surface. The company's reach is defintely broad, serving approximately 44,000 organizations globally, including about 65% of the Fortune 500. That's a huge vote of confidence from the world's largest enterprises. In the third quarter of 2025 alone, they added 437 new enterprise platform customers, proving the market is embracing this empowerment model.
Component 2: To Understand Cybersecurity Risk
The second core element focuses on understanding the risk. This means translating raw vulnerability data into clear, business-contextualized insights. It's the difference between knowing you have 10,000 vulnerabilities and knowing the three that an attacker will exploit tomorrow because they are on a critical server and have an active exploit available.
Tenable achieves this through its proprietary Vulnerability Priority Rating (VPR) and its flagship Tenable One platform, which leverages artificial intelligence (AI) to prioritize which risks matter most. The company's commitment to this insight is evident in its continuous innovation, including the launch of Tenable AI Exposure in Q3 2025, which helps customers manage risks associated with generative AI. This proactive investment is backed by a healthy balance sheet, with full-year 2025 non-GAAP operating income guidance ranging from $211.0 million to $215.0 million. Here's the quick math: that profitability allows for significant R&D spending, which was up over 20% year-to-date as of Q3 2025, directly funding better risk intelligence.
Component 3: To Reduce Their Cybersecurity Risk
The final, and most actionable, component is reducing risk. The mission isn't complete until the exposure is closed. This is where Tenable Holdings, Inc. moves beyond simple scanning and into the realm of measurable security outcomes.
Their long-standing market leadership supports this commitment to results. Tenable was named a Leader in the 2025 Gartner® Magic Quadrant™ for Exposure Assessment Platforms and has been ranked #1 in Device Vulnerability and Exposure Management market share by IDC for the seventh consecutive year. This consistent recognition is a concrete measure of their product quality and efficacy in risk reduction. The goal is to move organizations from a reactive security posture to a preemptive one. If you want to dive deeper into who is betting on this exposure management leader, you should be Exploring Tenable Holdings, Inc. (TENB) Investor Profile: Who's Buying and Why?
- Measure risk with VPR, not just severity scores.
- Prioritize remediation efforts for maximum impact.
- Unify tools to eliminate security blind spots.
Tenable Holdings, Inc. (TENB) Vision Statement
As a seasoned financial analyst, I see Tenable Holdings, Inc.'s vision as a clear, actionable roadmap that directly addresses the market's shift from reactive vulnerability scanning to proactive exposure management (a unified, risk-based view of an organization's cyber risk). The core takeaway is this: Tenable is executing on its vision to lead this new market, evidenced by their significant 2025 financial guidance and strategic platform focus.
The company's mission is straightforward: to empower organizations to understand and reduce their cybersecurity risk. This is the bedrock for their vision, which is to lead the cyber exposure management market through continuous innovation, providing actionable insights that help organizations prioritize and remediate cyber risks effectively. For a deeper dive into how this all started, you can look at Tenable Holdings, Inc. (TENB): History, Ownership, Mission, How It Works & Makes Money.
Leading the Exposure Management Market
Tenable's vision to lead the exposure management space is not just rhetoric; it's backed by their 2025 financial targets. They are successfully moving customers from siloed security tools to a unified platform approach. The company's latest guidance, issued in October 2025, projects full-year 2025 revenue to be in the range of $988.0 million to $992.0 million. That's a strong number, especially in a tightening IT budget environment.
Here's the quick math: The projected Calculated Current Billings (CCB)-a key forward-looking metric that essentially represents new and renewed contracts-is expected to hit between $1.040 billion and $1.048 billion for the full year 2025. Hitting that billion-dollar mark in CCB defintely signals market leadership and customer confidence in their platform-centric strategy. This growth is driven by approximately 44,000 organizations globally, including about 65% of the Fortune 500, who rely on Tenable to reduce their cyber risk.
Continuous Innovation and the AI Attack Surface
The 'continuous innovation' component of the vision is most visible in their R&D and M&A activity, particularly around the burgeoning AI attack surface. The threat landscape is changing fast, so Tenable has to move even faster. In Q3 2025, their R&D spending was up over 20% year-to-date, a significant investment focused squarely on their Tenable One platform.
A concrete example of this commitment is the May 2025 acquisition of Apex Security, which was specifically intended to strengthen Tenable's ability to secure the rapidly expanding AI attack surface. This strategic move is about preemption, not just reaction. They are integrating these new capabilities-like the recently launched Tenable AI Exposure-to give Chief Information Security Officers (CISOs) visibility into generative AI risks. The goal is to make AI risk management a non-siloed part of the broader exposure management strategy.
Delivering Actionable, Unified Insights (Tenable One)
The vision component about providing 'actionable insights' is embodied in the Tenable One Exposure Management Platform. This platform is the vehicle for their mission. It radically unifies security visibility and action across the entire attack surface, from IT infrastructure to cloud environments.
The platform is gaining traction, representing approximately 40% of all new business in Q3 2025. Customers are buying into the idea of a single source of truth for risk. This shift from having dozens of security tools to a unified view is what drives the full-year 2025 non-GAAP net income projection of between $185.0 million and $189.0 million. That's real profitability coming from simplifying a complex problem for their customers.
- Unify visibility across network, cloud, identity, and OT.
- Prioritize remediation actions based on business risk context.
- Add 437 new enterprise platform customers in Q3 2025.
You need to see the risk, but you also need to know what to fix first. That's the key difference the platform makes.
Core Values: The Foundation of Execution
Vision and strategy are only as good as the team executing them. Tenable's core values, which guide their daily operations and decision-making, are simple but powerful:
- One Tenable: Work together; win together.
- We Deliver Results: Set high goals; measure honestly.
- We Care: Committed to customers, colleagues, and community.
- What We Do Matters: The work makes a difference in the world.
These values ensure the company maintains the high business and personal ethical standards required when you are protecting critical infrastructure for thousands of organizations. When you're managing cyber risk for 65% of the Fortune 500, a culture of integrity and precision is non-negotiable.
Tenable Holdings, Inc. (TENB) Core Values
You are looking for the bedrock of Tenable Holdings, Inc.'s (TENB) performance, and you should look no further than their core values. They aren't just corporate wall art; they are the operating principles that drove the company to project a full-year 2025 revenue guidance of $988.0 million to $992.0 million. That kind of growth in a competitive market like cybersecurity doesn't happen by accident. It's built on four clear values: One Tenable, We Deliver Results, We Care, and What We Do Matters.
I've seen countless mission statements in my two decades as an analyst, and the strong ones map directly to execution. For Tenable, the mission is simple: to empower organizations to understand and reduce their cybersecurity risk. Everything they do, from product development to community outreach, ties back to these four core values, which I'll break down for you.
One Tenable
This value is about unity-employees, customers, partners, and stakeholders all working toward a shared goal. In the financial world, this translates to an integrated strategy that maximizes customer lifetime value and partner leverage. Tenable operates 100% through a channel partner distribution model, which is a clear commitment to this 'win together' philosophy.
The key here is platform adoption. When the company launched its Tenable One Exposure Management Platform, it wasn't just a new product; it was a unified vision for their entire customer base. This integrated approach is working: the platform now accounts for 40% of all new business, demonstrating that customers are buying into the unified strategy, too. That's defintely a strong signal of alignment.
- Unify security visibility, insight, and action.
- Grow platform adoption across 44,000 global customers.
- Leverage the partner ecosystem for distribution.
We Deliver Results
As investors, this is the value we scrutinize most closely. It means setting high goals and measuring honestly. For 2025, the results speak to a successful pivot toward balancing growth with profitability expansion, a strategy that started in 2023.
Here's the quick math: the company's focus on efficiency is driving margin expansion. They are guiding for an Unlevered Free Cash Flow (UFCF) between $265.0 million and $275.0 million for the full fiscal year 2025. This strong cash generation gives them the flexibility to execute their tuck-in acquisition strategy, like the May 2025 acquisition of Apex Security, which immediately bolstered their AI attack surface protection capabilities. The non-GAAP operating margin is also forecast to be around 23% for 2025, a significant jump from previous years.
We Care
This value extends commitment beyond the balance sheet-to colleagues, customers, and communities. In the modern business landscape, this is often mapped to Corporate Social Responsibility (CSR) and employee programs. A company that cares for its people is a company that retains top-tier talent, which is critical in cybersecurity.
Tenable demonstrates this through internal investment and environmental stewardship. For employees, they offer support like tuition reimbursement, mentorship programs, and advanced certification options to ensure continuous growth. Plus, they actively track their Scope 1 and 2 emissions and have an internal Green Initiatives group to promote an environmentally conscious lifestyle. A good culture is a competitive advantage.
What We Do Matters
Tenable's work is about securing the digital world, which is a high-stakes endeavor. This value is the ethical compass, reinforcing that their technology makes a tangible difference in reducing cyber risk for organizations, including 65% of the Fortune 500.
The company's leadership position in the market is a direct result of this focus. In November 2025, Tenable was named a Leader in the inaugural Gartner Magic Quadrant for Exposure Assessment Platforms. This recognition isn't just a marketing win; it validates their strategic shift from traditional vulnerability management to a proactive, AI-powered exposure management (which is just a fancy term for a unified, risk-based approach to security). You can read more about how this focus has shaped the company's trajectory in Tenable Holdings, Inc. (TENB): History, Ownership, Mission, How It Works & Makes Money.

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