Company: TENB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001660280-25-000128
Chunk: 34

Company: Tenable Holdings, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 million increase in allocated overhead.

General and Administrative

Three Months Ended September 30,Change(dollars in thousands)20252024($)(%)General and administrative$32,337 $31,569 $768 2 %

The increase in general and administrative expense of $0.8 million was primarily due to:

•a $0.7 million increase in personnel costs;

•a $0.3 million increase in indirect taxes such as VAT;

•a $0.3 million increase in bank fees;

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

•a $0.2 million increase in allocated overhead; partially offset by

•a $1.0 million decrease in professional fees.

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

Three Months Ended September 30,Change(dollars in thousands)20252024($)(%)Interest income$3,590 $5,989 $(2,399)(40)%Interest expense(7,213)(8,148)(935)(11)%Other (expense) income, net(703)359 (1,062)(296)%

The $2.4 million decrease in interest income was due to a decrease in short-term investments and reduced rates of return. Interest expense decreased $0.9 million due to a decrease in the interest rate on our Term Loan. The $1.1 million decrease in Other income, net was primarily due to increased foreign exchange losses.

Provision for Income Taxes

Three Months Ended September 30,Change(dollars in thousands)20252024($)(%)Provision for income taxes$550 $5,328 $(4,778)(90)%

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

•$2.2 million of discrete items primarily related to withholding taxes on sales to customers; partially offset by

31

•$1.6 million of net tax benefits in foreign jurisdictions in which we conduct business. Income tax expense in the three months ended September 30, 2025 related to foreign jurisdictions, was reduced by a $3.2 million interim intraperiod allocation, which we expect to reverse in the three months ended December 31, 2025.

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

•$3.5 million of income taxes in foreign jurisdictions in which we conduct business;

•$1.