Company: TENB
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001660280-25-000034
Chunk: 135

Company: Tenable Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 135
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 Short-term investmentsCommercial paper$— $82,216 $— $82,216 Corporate bonds— 61,149 — 61,149 Asset backed securities— 15,043 — 15,043 Yankee bonds— 6,913 — 6,913 U.S. Treasury and agency obligations— 71,519 — 71,519 Total short-term investments$— $236,840 $— $236,840 Other InvestmentsOur investments in privately held securities were as follows:December 31,(in thousands)20242023Equity securities$6,701 $— Debt and other securities1,871 9,383 Total other investments$8,572 $9,383 Other investments are classified as Level 3 as they do not have readily determinable market values.In 2024, we received $3.5 million in proceeds from one of our SAFE investments and expect to collect the remaining $0.9 million once the escrow funds are released. Additionally in 2024, we recognized a $1.5 million gain on the conversion of our SAFE investment to an investment in preferred stock. In 2023, we identified impairment indicators for two of our SAFE investments and determined our investments were impaired, resulting in an impairment loss of $5.6 million that was recorded in other expense, net on our consolidated statement of operations.

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We did not have any liabilities measured and recorded at fair value on a recurring basis at December 31, 2024 and 2023.

5. Property and Equipment, Net

Property and equipment, net consisted of the following:December 31,(in thousands)20242023Computer software and equipment$21,051$21,845Internally developed software39,94432,261Furniture and fixtures5,1406,513Leasehold improvements24,52429,354Total90,65989,973Less: accumulated depreciation and amortization(51,394)(44,537)Property and equipment, net$39,265$45,436Depreciation and amortization related to property and equipment was $13.7 million, $13.2 million and $10.8 million in 2024, 2023 and 2022, respectively.

In 2024 we recorded a $4.5 million impairment for furniture and fixtures and leasehold improvements. See Note 7 for additional information. 

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