Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
Chunk: 63

Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 backed securities— 30,796 — 30,796 Yankee bonds— 14,007 — 14,007 U.S. Treasury and agency obligations— 66,730 — 66,730 Total short-term investments$— $248,547 $— $248,547 Other InvestmentsOur investments in privately held securities were as follows:(in thousands)March 31, 2025December 31, 2024Equity securities$6,702 $6,701 Debt and other securities1,206 1,871 Total other investments$7,908 $8,572 Other investments are classified as Level 3 as they do not have readily determinable market values.In the three months ended March 31, 2025, we received $0.7 million in proceeds from one of our SAFE investments and expect to collect the remaining $0.2 million in 2025.We did not have any liabilities measured and recorded at fair value on a recurring basis at March 31, 2025 and December 31, 2024.

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5. Property and Equipment, Net

Property and equipment, net consisted of the following:(in thousands)March 31, 2025December 31, 2024Computer software and equipment$20,142$21,051Internally developed software39,62639,944Furniture and fixtures5,1615,140Leasehold improvements30,25424,524Total95,18390,659Less: accumulated depreciation and amortization(53,840)(51,394)Property and equipment, net$41,343$39,265Depreciation and amortization related to property and equipment was $4.0 million and $3.6 million in the three months ended March 31, 2025 and 2024, respectively.

6. Acquisitions, Goodwill and Intangible Assets

Business CombinationsIn February 2025, we acquired Vulcan Cyber Ltd. ("Vulcan"), an innovator in cyber risk management. This acquisition is expected to add enhanced visibility, extended third-party data flows, risk prioritization and optimized remediation to strengthen our Tenable One Exposure Management platform. We acquired 100% of Vulcan's equity through a share purchase agreement for total cash consideration of $148.5 million, net of $2.3 million cash acquired.Cash consideration, net of cash acquired, was preliminarily allocated as