Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 31

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 31
---
 Interest Expense and Other Income (Expense), Net

Interest income consists of income earned on cash and cash equivalents and short-term investments. Interest expense consists primarily of interest expense in connection with our Term Loan, unused commitment fees on our Revolving Credit Facility, and letter of credit fees. Other income (expense), net consists primarily of foreign currency remeasurement and transaction gains and losses and any realized and unrealized gains and losses, including impairment losses and gains related to our non-marketable investments.

28

Provision for Income Taxes

Provision for income taxes consists of income taxes in all jurisdictions in which we conduct business and the related withholding taxes on sales with customers. We have recorded deferred tax assets for which a full valuation allowance has been provided, including net operating loss carryforwards and tax credits. We expect to maintain this full valuation allowance for the foreseeable future as it is more likely than not that some or all of those deferred tax assets may not be realized based on our history of losses. 

Results of Operations

The following tables set forth our consolidated results of operations for the periods presented: 

Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Revenue$247,295 $221,241 $486,432 $437,202 Cost of revenue(1)54,434 48,798 106,894 97,730 Gross profit192,861 172,443 379,538 339,472 Operating expenses:Sales and marketing(1)107,091 101,129 210,273 200,954 Research and development(1)59,236 45,149 112,459 88,876 General and administrative(1)33,982 30,302 81,965 61,320 Restructuring— 4,681 — 6,070 Total operating expenses200,309 181,261 404,697 357,220 Loss from operations(7,448)(8,818)(25,159)(17,748)Interest income4,080 5,974 9,007 11,598 Interest expense(7,139)(8,073)(14,150)(16,185)Other income (expense), net25 93 499 (1,217)Loss before income taxes(10,482)(10,824)(29,803)(23,552)Provision for income taxes4,224