Tenable One Accounts for 59% of New Business in Third Quarter
Key Facts
Tenable said its Tenable One platform accounted for 59% of new business in the third quarter of 2026, a record level, according to management on the earnings call. The share rose from 50% in the second quarter and 39% in the third quarter of 2025. The progression reflects the platform’s growing contribution to new business over the periods compared, while the company limited the figure to the third quarter and did not present it as a full-year outlook. Management said revenue growth and the beat on guidance were driven by strong expansion within existing accounts. It added that renewals continued to support performance, describing them as "consistently strong."
On earnings, GAAP net income was 11.3 million dollars in the third quarter, compared with 2.3 million dollars in the same period of 2025. Non-GAAP diluted earnings per share also reached 0.63 dollars, versus 0.42 dollars a year earlier. The comparisons show year-over-year improvement in net income and earnings per share, alongside the expansion of new business through Tenable One. Co-CEO Steve Vintz said the company delivered an "excellent third quarter." He added that Tenable exceeded "every metric we guided investors to," according to the earnings release.
Cash generated from operating activities rose to 72.5 million dollars in the third quarter, from 53.9 million dollars in the same quarter a year earlier. Unlevered free cash flow was 69.4 million dollars during the quarter, according to the company’s statement. These cash figures provide additional indicators alongside the income and earnings-per-share results Tenable reported for the period. For the fourth quarter of 2026, the company set an expected revenue range of 277 million to 280 million dollars. Tenable had scheduled the release of its third-quarter results after the U.S. market close on October 28, with an investor call at 4:30 p.m. Eastern Time.
Following the results, the stock fell 6.9% in extended trading, according to an Investing.com report. The report linked the decline to fourth-quarter expectations that it said pointed to slowing growth, even as Tenable beat analysts’ estimates for revenue and earnings. In the latest closing price listed in EL7 data, the stock ended the October 27 session at 48.65 dollars. The extended-hours reaction combined the reported beat with a focus on the expected revenue range for the coming period. Fourth-quarter guidance, set at 277 to 280 million dollars, remains the company’s latest dated indicator following the third-quarter results.