Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 60

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 60
---
•a $0.5 million increase in software subscription costs; partially offset by

•a $0.2 million decrease in travel and meeting costs.

General and Administrative

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)General and administrative$81,965 $61,320 $20,645 34 %

The increase in general and administrative expense of $20.6 million was primarily due to:

•a $15.8 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 $2.7 million increase in acquisition-related expenses;

•a $1.2 million increase in professional fees;

•a $0.4 million increase in travel and meeting costs;

33

•a $0.1 million increase in indirect taxes such as VAT; and

•a $0.1 million increase in software subscription costs.

Restructuring

Six Months Ended June 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 Income (Expense), Net

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)Interest income$9,007 $11,598 $(2,591)(22)%Interest expense(14,150)(16,185)2,035 (13)%Other income (expense), net499 (1,217)1,716 (141)%

The $2.6 million decrease in interest income was due to a decrease in short-term investments. Interest expense decreased $2.0 million due to a decrease in the interest rate on our Term Loan. Other income (expense), net increased $1.7 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

Six Months Ended June 30,Change(dollars in thousands)20252024($)(%)