Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
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Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
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Table of Contents

PART I. FINANCIAL INFORMATION

 Item 1.        Financial Statements

TENABLE HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETSJune 30, 2025December 31, 2024(in thousands, except per share data)(unaudited)Assets Current assets:Cash and cash equivalents$175,025 $328,647 Short-term investments211,489 248,547 Accounts receivable (net of allowance for doubtful accounts of $691 and $525 at June 30, 2025 and December 31, 2024, respectively)181,114 258,734 Deferred commissions50,785 51,791 Prepaid expenses and other current assets54,079 53,026 Total current assets 672,492 940,745 Property and equipment, net 42,577 39,265 Deferred commissions (net of current portion)64,274 67,914 Operating lease right-of-use assets36,880 45,139 Acquired intangible assets, net128,860 94,461 Goodwill697,769 541,292 Other assets 13,720 13,303 Total assets $1,656,572 $1,742,119 Liabilities and Stockholders’ EquityCurrent liabilities: Accounts payable and accrued expenses$18,828 $19,981 Accrued compensation55,574 55,784 Deferred revenue624,548 650,372 Operating lease liabilities7,138 6,801 Other current liabilities7,179 5,154 Total current liabilities 713,267 738,092 Deferred revenue (net of current portion) 173,261 182,815 Term loan, net of issuance costs (net of current portion)355,439 356,705 Operating lease liabilities (net of current portion)54,059 56,224 Other liabilities 9,847 8,329 Total liabilities 1,305,873 1,342,165 Stockholders’ equity:Common stock (par value: $0.01; 500,000 shares authorized; 127,352 and 122,371 shares issued at June 30, 2025 and December 31, 2024, respectively)1,274 1,224 Additional paid-in capital1,489,379 1,374,659 Treasury stock (at cost: