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

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 (39)66,730 Total short-term investments$248,229 $442 $(124)$248,547 We considered the extent to which any unrealized losses on our short-term investments were driven by credit risk and other factors, including market risk, and if it is more-likely-than-not that we would have to sell the security before the recovery of the amortized cost basis. At June 30, 2025 and December 31, 2024, our unrealized losses were due to rising market interest rates compared to when the investments were initiated. We do not believe any unrealized losses represent credit losses, and it is unlikely we would sell the investments before we would recover their amortized cost basis.The contractual maturities of our short-term investments are as follows:June 30, 2025December 31, 2024(in thousands)Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue within one year$164,340 $164,511 $204,156 $204,532 Due between one and two years46,887 46,978 44,073 44,015 Total short-term investments$211,227 $211,489 $248,229 $248,547 At June 30, 2025 and December 31, 2024, cash and cash equivalents included $8.5 million and $8.2 million, respectively, of restricted cash related to collateral for outstanding letters of credit and an operating lease.

4. Fair Value Measurements

We measure certain financial instruments at fair value using a fair value hierarchy. In the hierarchy, assets are classified based on the lowest level inputs used in valuation into the following categories:•Level 1 — Quoted prices in active markets for identical assets and liabilities;•Level 2 — Observable inputs including quoted market prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in inactive markets, or inputs that are corroborated by observable market data; and•Level 3 — Unobservable inputs.

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The following tables summarize assets that are measured at fair value on a recurring basis:June 30, 2025(in thousands)Level 1Level 2Level 3TotalCash equivalentsMoney market funds$29,441 $— $— $29,441 Total cash equivalents$29,441 $— $— $29,441 Short-term investmentsCommercial paper$— $