Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
Chunk: 74

Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 74
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 which excludes stock-based compensation, acquisition-related expenses, restructuring expenses and amortization of acquired intangible assets, as well as the related tax impacts, and the tax impact and related costs of intra-entity asset transfers resulting from the internal restructuring of legal entities as well as deferred income tax benefits recognized in connection with acquisitions, to calculate non-GAAP earnings per share. We believe that these non-GAAP measures provide important information because they facilitate comparisons of our core operating results over multiple periods. 

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The following table presents a reconciliation of net loss and net loss per share, the most comparable financial measures calculated in accordance with GAAP, to non-GAAP net income and non-GAAP earnings per share:

Three Months Ended March 31,(in thousands, except for per share amounts)20252024Net loss$(22,935)$(14,386)Stock-based compensation55,903 39,719 Tax impact of stock-based compensation(1)855 (1,077)Acquisition-related expenses(2)4,621 161 Restructuring(2)— 1,389 Amortization of acquired intangible assets(2)5,864 4,669 Tax impact of acquisitions(58)(35)Non-GAAP net income$44,250 $30,440 Net loss per share, diluted$(0.19)$(0.12)Stock-based compensation0.46 0.34 Tax impact of stock-based compensation(1)0.01 (0.01)Acquisition-related expenses(2)0.04 — Restructuring(2)— 0.01 Amortization of acquired intangible assets(2)0.05 0.04 Tax impact of acquisitions— — Adjustment to diluted earnings per share(3)(0.01)(0.01)Non-GAAP earnings per share, diluted$0.36 $0.25 Weighted-average shares used to compute GAAP net loss per share, diluted120,083117,542Weighted-average shares used to compute non-GAAP earnings per share, diluted124,152123,266

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(1)    The tax impact of stock-based compensation is based on the tax treatment for the applicable tax jurisdictions.

(2)    The tax impact of acquisition-related expenses, restructuring and the amortization of acquired intangible assets are not material.

(3)    An adjustment to reconcile GAAP net loss per share, which excludes potentially dil