undamentalytics Newsletter

Gitlab vs Tenable Holdings

Gitlab and Tenable Holdings are similar in size: $955m and $999m of revenue in their latest fiscal years. Gitlab grew faster (25.8% against 11.0%). Tenable Holdings kept more of each dollar of sales as profit: a net margin of -3.6% against -5.9%.

Latest fiscal yearGitlabGTLB, 2026Tenable HoldingsTENB, 2025
Revenue $955m $999m
Revenue growth 25.8% 11.0%
Net income −$56.0m −$36.1m
Operating margin -7.4% —
Net margin -5.9% -3.6%
Return on equity -6.3% -9.9%
Free cash flow $222m $255m
Cash $230m $188m
Total debt — $360m
Debt to equity — —
Dividend per share — —
Dividend yield — —
Share buybacks — $247m
Employees 2,580 1,995
Market value $8.84bn $5.36bn
Price vs our value range — Above our value range
Moat score 48 (Moderate) 58 (Moderate)
Insider trades, 12 months 5 buys, 54 sales 3 buys, 7 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.