Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 36

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 $0.3 million decrease in allocated overhead.

Research and Development

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)Research and development$112,459 $88,876 $23,583 27 %

The increase in research and development expense of $23.6 million was primarily due to:

•a $20.4 million increase in personnel costs, largely due to an increase in headcount from recent acquisitions, and including a $5.3 million increase in stock-based compensation;

•a $1.8 million increase in acquisition-related expenses;

•a $1.4 million increase in allocated overhead; and

•a $0.5 million increase in software subscription costs; partially offset by

•a $0.2 million decrease in travel and meeting costs.

General and Administrative

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)General and administrative$81,965 $61,320 $20,645 34 %

The increase in general and administrative expense of $20.6 million was primarily due to:

•a $15.8 million increase in personnel costs, including $15.5 million in termination benefits including cash compensation and accelerated equity award vesting related to the passing of our Chairman and Chief Executive Officer;

•a $2.7 million increase in acquisition-related expenses;

•a $1.2 million increase in professional fees;

•a $0.4 million increase in travel and meeting costs;

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•a $0.1 million increase in indirect taxes such as VAT; and

•a $0.1 million increase in software subscription costs.

Restructuring

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)Restructuring$— $6,070 $(6,070)(100)%

Restructuring in the prior year included a $4.5 million non-cash impairment of leasehold improvements and furniture and fixtures that was recorded in connection with the sublease of a portion of our headquarters and $1.6 million in non-ordinary course severance and employee related benefits.

Interest Income, Interest Expense and Other Income (Expense), Net

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)Interest income$9,007 $11,598 $(2,591)(22)%Interest expense(14,150)(16,185)2