Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
Chunk: 65

Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 acquired intangible assets are expected to be amortized over an estimated remaining weighted average period of 5.6 years.At March 31, 2025, estimated future amortization of acquired intangible assets is as follows:(in thousands)Year ending December 31,2025(1)$19,327 202625,584 202723,555 202820,512 202916,892 Thereafter22,727 Total$128,597 _______________(1)    Represents the nine months ending December 31, 2025.

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7. Leases

We have operating leases for office facilities. The components of lease expense were as follows:Three Months Ended March 31,(in thousands)20252024Operating lease cost(1)$2,403 $1,895 _______________(1)    Excludes sublease income.In June 2024, we executed a sublease of a portion of our corporate headquarters through February 2032. Sublease income, which is recorded as a reduction of rent expense, was $0.4 million for the three months ended March 31, 2025.Rent expense for short-term leases in the three months ended March 31, 2025 and 2024 was not material.Supplemental information related to leases was as follows:March 31, 2025December 31, 2024Operating leasesWeighted average remaining lease term6.3 years6.5 yearsWeighted average discount rate6.1%6.1%In the three months ended March 31, 2025 and 2024, we did not obtain any right-of-use assets in exchange for lease liabilities.Maturities of operating lease liabilities at March 31, 2025 were as follows:(in thousands)Year ending December 31,2025(1)$6,730 202612,170 202711,736 202811,077 202910,740 Thereafter21,968 Total lease payments74,421 Less: Imputed interest(13,495)Total$60,926 _______________(1)    Represents the nine months ending December 31, 2025.Operating lease payments in the table above do not include $0.9 million, $1.7 million, $1.8 million, $1.9 million, $1.9 million and $4.5 million of sublease payments we expect to