Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
Chunk: 11

Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAcquired technology$189,437 $(60,840)$128,597 $149,437 $(54,976)$94,461 Trade name490 (490)— 490 (490)— $189,927 $(61,330)$128,597 $149,927 $(55,466)$94,461 Amortization of acquired intangible assets was $5.9 million and $4.7 million in the three months ended March 31, 2025 and 2024, respectively. At March 31, 2025, our 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