Company: TENB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001660280-25-000128
Chunk: 40

Company: Tenable Holdings, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 of the average daily undrawn portion of our Revolving Credit Facility. At September 30, 2025, we were in 

35

compliance with the covenants and had $0.2 million of standby letters of credit outstanding under the Revolving Credit Facility. 

Cash Flows 

The following table summarizes our cash flows for the periods presented:

Nine Months Ended September 30,(in thousands)20252024Net cash provided by operating activities$183,720 $136,357 Net cash used in investing activities(170,290)(27,099)Net cash used in financing activities(171,208)(31,744)Effect of exchange rate changes on cash and cash equivalents and restricted cash983 (2,439)Net (decrease) increase in cash and cash equivalents and restricted cash$(156,795)$75,075 

Operating Activities 

Our largest source of cash provided by operating activities is cash collections from sales of our products and services, as we typically invoice our customers in advance. Our primary uses of cash are employee compensation costs, third-party cloud infrastructure and other software subscription costs, demand generation expenditures and general corporate costs.

Investing Activities 

Net cash used in investing activities increased by $143.2 million, primarily due to a $167.0 million increase in cash paid for acquisitions, a $9.8 million net increase in purchases of property and equipment and a $1.4 million net decrease in proceeds from other investments, partially offset by a $31.8 million net decrease in purchases of short-term investments and a $3.3 million decrease in capitalized software development costs in the nine months ended September 30, 2025.

Financing Activities 

Net cash used in financing activities increased by $139.5 million, primarily due to a $135.0 million increase in repurchases of our common stock under our repurchase program, a $2.4 million decrease in proceeds from the exercise of stock options, a $1.3 million increase in cash paid for taxes related to net share settlement of equity awards and a $0.8 million decrease in proceeds from stock issued in connection with our employee stock purchase program.

Contractual Obligations

We have certain contractual obligations for future payments. Refer to Note 7 to our consolidated financial statements for our required operating lease payments and Note 9 for our required payments to Microsoft and AWS for cloud services.

At September 30, 2025, there were no other material changes in our contractual obligations and commitments from those