Company: TENB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001660280-25-000128
Chunk: 13

Company: Tenable Holdings, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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,000 Goodwill41,288 115,306 Deferred revenue(34)(7,695)Other liabilities, net(333)(1,224)Total purchase price$47,783 $148,545 Intangible assets acquired during the nine months ended September 30, 2025 included Apex's proprietary technology for $6.8 million with an estimated useful life of 5 years and Vulcan's proprietary technology for $40.0 million with an estimated useful life of 7 years.We are still finalizing the allocation of the purchase price for Vulcan and Apex, which may change as additional information becomes available. 

13

The results of operations of Vulcan and Apex are included in our consolidated statements of operations from the acquisition date and were not material. Pro forma results of operations are not presented as they are not material to the consolidated statement of operations.Acquisition-related expenses are included in our consolidated statements of operations as follows:Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Sales and marketing$8 $3 $1,320 $52 Research and development3 — 1,774 (20)General and administrative102 357 3,721 1,252 Total acquisition-related expenses$113 $360 $6,815 $1,284 Goodwill and Acquired Intangible AssetsThe changes in the carrying amount of goodwill are as follows:(in thousands)Balance at December 31, 2024$541,292Acquired goodwill156,594Balance at September 30, 2025$697,886The excess purchase consideration over the fair value of acquired assets and liabilities is recorded as goodwill. The acquired goodwill reflects the synergies we expect from marketing and selling new capabilities from Vulcan and Apex to our customers. Acquired goodwill is generally not tax deductible. Acquired intangible assets subject to amortization are as follows:September 30, 2025December 31, 2024(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAcquired technology$196,237 $(74,159)$122,078 $149,437 $(54,976)$94,461 Trade name490 (490)— 490 (490)— $196,727 $(74,649)$122,078 $149,927 $(55,