Company: TENB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001660280-25-000128
Chunk: 86

Company: Tenable Holdings, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 86
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%)Sales and marketing$99,949 $99,083 $866 1 %

The increase in sales and marketing expense of $0.9 million was primarily due to:

•a $0.7 million increase in professional fees;

•a $0.3 million increase in sales commissions; and

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

•a $0.3 million decrease in expenses for demand generation programs, including advertising, sponsorships and brand awareness efforts.

30

Research and Development

Three Months Ended September 30,Change(dollars in thousands)20252024($)(%)Research and development$56,265 $48,020 $8,245 17 %

The increase in research and development expense of $8.2 million was primarily due to:

•a $7.3 million increase in personnel costs, including a $1.7 million increase in stock-based compensation; and

•a $0.9 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