Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 34

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 as VAT.

Restructuring

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Restructuring$— $4,681 $(4,681)(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.

Interest Income, Interest Expense and Other Income, Net

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Interest income$4,080 $5,974 $(1,894)(32)%Interest expense(7,139)(8,073)934 (12)%Other income, net25 93 (68)(73)%

The $1.9 million decrease in interest income was due to a decrease in short-term investments. Interest expense decreased $0.9 million due to a decrease in the interest rate on our Term Loan. The $0.1 million decrease in Other income, net was primarily due to lower foreign exchange losses of $1.2 million and a $1.5 million gain on conversion of one of our SAFE investments in the prior year.

31

Provision for Income Taxes

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Provision for income taxes$4,224 $3,748 $476 13 %

In the three months ended June 30, 2025, the provision for income taxes included:

•$3.0 million of income taxes in foreign jurisdictions in which we conduct business; and

•$1.2 million of discrete items primarily related to withholding taxes on sales to customers.

In the three months ended June 30, 2024, the provision for income taxes included:

•$1.7 million of income taxes in foreign jurisdictions in which we conduct business;

•$1.2 million related to Base Erosion and Anti-Abuse Tax; and

•$0.8 million of discrete items primarily related to withholding taxes on sales to customers.

Comparison of the Six Months Ended June 30, 2025 and 2024

Revenue

The following table presents the increase in revenue:

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)Subscription revenue$448,474 $400,173 $48,301 12 %