Tenable Holdings Inc (0ZC0.L) Q3 2024 Earnings Report

Tenable Holdings Inc reported QQ3 2024 revenue of $227.1 million, representing a 12.7% year-over-year increase and 2.6% quarter-over-quarter growth. The gross margin remained robust at 77.8%, delivering a gross profit of $176.6 million. Despite top-line strength, GAAP profitability remained constrained with operating income of -$2.1 million and net income of -$9.21 million, translating to a negative net margin of -4.06% and an EPS of -0.077. On a positive note, EBITDA stood at $12.8 million with an EBITDA margin of 5.65%, and free cash flow reached $52.7 million, underscoring meaningful cash generation even as operating expenses remain elevated.