Company: TENB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001660280-25-000128
Chunk: 89

Company: Tenable Holdings, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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•a $16.5 million increase in personnel costs, including $15.5 million in termination benefits including cash compensation and accelerated equity award vesting related to the passing of our Chairman and Chief Executive Officer;

•a $2.5 million increase in acquisition-related expenses;

•a $0.7 million increase in travel and meeting costs;

•a $0.5 million increase in indirect taxes such as VAT;

•a $0.3 million increase in bank fees; 

•a $0.3 million increase in telecom and internet costs; and

•a $0.2 million increase in professional fees.

33

Restructuring

Nine Months Ended September 30,Change(dollars in thousands)20252024($)(%)Restructuring$— $6,070 $(6,070)(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 and $1.6 million in non-ordinary course severance and employee related benefits.

Interest Income, Interest Expense and Other Expense, Net

Nine Months Ended September 30,Change(dollars in thousands)20252024($)(%)Interest income$12,597 $17,587 $(4,990)(28)%Interest expense(21,363)(24,333)(2,970)(12)%Other expense, net(204)(858)654 (76)%

The $5.0 million decrease in interest income was due to a decrease in short-term investments and reduced rates of return. Interest expense decreased $3.0 million due to a decrease in the interest rate on our Term Loan. Other expense decreased $0.7 million primarily due to an increase in foreign exchange gains partially offset by a $1.5 million gain on conversion of one of our SAFE investments in the prior year.

Provision for Income Taxes

Nine Months Ended September 30,Change(dollars in thousands)20252024($)(%)Provision for income taxes$8,388 $10,734 $(2,346)(22)%

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

•$4.9 million of discrete items primarily related to withholding taxes on sales to customers; and

•$3.5 million of income taxes in foreign jurisdictions in which we conduct business. Income tax expense in the