Tenable Holdings, Inc. reported third quarter 2026 financial results that exceeded analyst estimates on both the top and bottom lines. Growth was supported by an increasing dollar-based net expansion rate and the addition of 413 new enterprise platform customers, prompting management to raise its full-year outlook for revenue and unlevered free cash flow.
Key Highlights
- Revenue grew 9.5% year-over-year to $276.4 million, surpassing the consensus estimate of $271.6 million.
- Non-GAAP operating margin expanded 380 basis points to 27.1%, compared to 23.3% in the same period last year.
- Dollar-based net expansion rate improved to 107%, up from 106% in the second quarter of 2026.
- Short-term remaining performance obligations (RPO) grew 11.7% year-over-year to $747.2 million, indicating a healthy near-term backlog.
- The company raised its full-year 2026 revenue guidance to a midpoint of $1.0855 billion and its unlevered free cash flow outlook to a midpoint of $292 million.