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Tenable Announces Third Quarter 2021 Financial Results Added 499 new enterprise platform customers and 62 net new six - figure customers • Revenue of $ 138.7 million , up 23 % year - over - year • GAAP loss from operations of $ 11.2 million ; Non - GAAP income from operations of $ 13.7 million • Net cash provided by operating activities of $ 19.6 million ; Free cash flow of $ 18.5 million COLUMBIA , Maryland , October 26 , 2021 — Tenable ( Nasdaq : TENB ) , the Cyber Exposure company , today announced financial results for the quarter ended September 30 , 2021 . " We delivered outstanding top- and bottom - line results driven by unprecedented demand for our enterprise offerings , as we added a record number of new enterprise platform customers in the quarter , " said Amit Yoran , Chairman and CEO of Tenable . " As the ongoing shift to the cloud and understanding cyber risk more broadly continue to be top priorities for enterprises , so does demand for our security solutions . Our recent acquisition of Accurics , coupled with our existing capabilities around cloud , Active Directory and operational technologies provide our customers with a holistic view of risk across their attack surface . " Third Quarter 2021 Financial Highlights • Revenue was $ 138.7 million , a 23 % increase year - over - year . • • . • • • . • • Calculated current billings was $ 166.9 million , a 25 % increase year - over - year . GAAP loss from operations was $ 11.2 million , compared to a loss of $ 3.5 million in the third quarter of 2020 . Non - GAAP income from operations was $ 13.7 million , compared to $ 12.4 million in the third quarter of 2020 . GAAP net loss was $ 16.2 million , compared to a loss of $ 5.9 million in the third quarter of 2020 . GAAP net loss per share was $ 0.15 , compared to a loss per share of $ 0.06 in the third quarter of 2020 . Non - GAAP net income was $ 8.1 million , compared to $ 10.5 million in the third quarter of 2020 . Non - GAAP diluted earnings per share was $ 0.07 , compared to $ 0.09 in the third quarter of 2020 . Cash and cash equivalents and short - term investments were $ 651.9 million at September 30 , 2021 , which included $ 365.7 million of net proceeds from our credit facility , compared to $ 291.8 million at December 31 , 2020 . Net cash provided by operating activities was $ 19.6 million , compared to $ 24.8 million in the third quarter of 2020 . • Free cash flow was $ 18.5 million , compared to $ 16.7 million in the third quarter of 2020 . Recent Business Highlights • • • • Added 499 new enterprise platform customers and 62 net new six - figure customers . Achieved FedRAMP authorization for Tenable.io® and Tenable.io Web App Scanning , allowing the U.S. federal government to deploy both products across various departments and agencies . Completed the acquisition of cloud - native security company Accurics , Inc. in October to introduce a complete lifecycle approach to modern risk management , leveraging Infrastructure as Code ( laC ) to fix problems for any cloud environment . Launched 10 foundational configuration checks within Tenable's solutions to help customers detect commonly exploited weaknesses in Active Directory , protecting credentials and preventing privilege escalation . Expanded our global strategic partnership with Splunk Inc. to secure Active Directory and converged operational technology ( OT ) environments . Financial Outlook For the fourth quarter of 2021 , we currently expect : Revenue in the range of $ 143.0 million to $ 145.0 million . • Non - GAAP income from operations in the range of $ 7.0 million to $ 8.0 million . • Non - GAAP net income in the range of $ 2.0 million to $ 3.0 million , assuming a provision for income taxes of $ 1.9 million . • Non - GAAP diluted earnings per share in the range of $ 0.02 to $ 0.03 . 1