Cash and short-term investments totaled $387 million; accounts receivable were $181 million; total deferred revenue was $798 million, with current deferred revenue at $625 million.
Earnings per share were $0.34, $0.04 above the midpoint of guidance.
General and administrative expenses were flat at $22.7 million.
Gross margin remained stable at 82% compared to the previous quarter.
Income from continuing operations was $47.7 million, beating guidance by nearly $4 million.
Operating margin was 19%, approximately 100 basis points better than the midpoint of the guided range.
R&D expenses increased to $43.4 million (18% of revenue) from $39 million, driven by acquisitions and personnel costs.
Sales and marketing expenses were $85.5 million, flat as a percentage of revenue at 36%, with increases due to industry events and sales capacity investments.
Tenable delivered 12% year-over-year revenue growth in Q2 2025, with revenue reaching $247.3 million, exceeding the midpoint of guidance by $5.3 million.
Tenable repurchased 2 million shares for $65 million in the quarter, totaling 6.3 million shares for approximately $240 million since November 2023, with $60 million remaining in the repurchase authorization.
Unlevered free cash flow was $44 million for the quarter and $131 million year-to-date.
Adjusted diluted EPS grew over 5% to $1.24 compared to $1.18 in Q2 2024, despite a $0.10 per share negative impact from foreign exchange losses.
Adjusted EBITDA for Q2 2025 was $107.7 million, a nearly 12% increase from the prior year period, with a margin of 30.6%.
Four of five reportable segments showed revenue growth, with Cybersecurity & Martech declining less than 1% but posting over 5% adjusted EBITDA growth.
Q2 2025 revenues were $352.2 million, up nearly 10% year-over-year, marking the strongest quarterly revenue growth since 2021.
Trailing 12 months free cash flow was $233 million, up nearly 27% year-over-year.
Dafinchi