Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 33

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 due to acquired intangible assets;

•a $1.3 million increase in depreciation and amortization expense;

•a $1.1 million increase in third-party cloud costs;

•a $0.6 million increase in personnel costs, including $0.2 million in stock-based compensation;

•a $0.3 million increase in subscription costs; and

•a $0.2 million increase in allocated overhead.

Operating Expenses

Sales and Marketing

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Sales and marketing$107,091 $101,129 $5,962 6 %

The increase in sales and marketing expense of $6.0 million was primarily due to:

•a $2.2 million increase in personnel costs, including $1.5 million in stock-based compensation;

•a $1.3 million increase in expenses for demand generation programs, including advertising, sponsorships and brand awareness efforts;

•a $1.2 million increase in sales commissions;

•a $1.0 million increase in selling expenses; and

•a $0.2 million increase in acquisition-related expenses.

30

Research and Development

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Research and development$59,236 $45,149 $14,087 31 %

The increase in research and development expense of $14.1 million was primarily due to:

•a $12.0 million increase in personnel costs, including a $3.5 million increase in stock-based compensation;

•a $1.0 million increase in allocated overhead;

•a $0.5 million increase in acquisition-related expenses;

•a $0.4 million increase in third-party cloud infrastructure costs; and

•a $0.3 million increase in software subscription costs.

General and Administrative

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)General and administrative$33,982 $30,302 $3,680 12 %

The increase in general and administrative expense of $3.7 million was primarily due to:

•a $1.9 million increase in personnel costs;

•a $0.6 million increase in acquisition-related expenses;

•a $0.6 million increase in professional fees; 

•a $0.3 million increase in travel and meeting costs; and 

•a $0.2 million increase in indirect taxes such