Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
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Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
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 SHEETSMarch 31, 2025December 31, 2024(in thousands, except per share data)(unaudited)Assets Current assets:Cash and cash equivalents$233,441 $328,647 Short-term investments226,836 248,547 Accounts receivable (net of allowance for doubtful accounts of $748 and $525 at March 31, 2025 and December 31, 2024, respectively)167,793 258,734 Deferred commissions51,247 51,791 Prepaid expenses and other current assets67,106 53,026 Total current assets 746,423 940,745 Property and equipment, net 41,343 39,265 Deferred commissions (net of current portion)65,582 67,914 Operating lease right-of-use assets40,951 45,139 Acquired intangible assets, net128,597 94,461 Goodwill656,481 541,292 Other assets 14,200 13,303 Total assets $1,693,577 $1,742,119 Liabilities and Stockholders’ EquityCurrent liabilities: Accounts payable and accrued expenses$17,684 $19,981 Accrued compensation51,432 55,784 Deferred revenue633,224 650,372 Operating lease liabilities6,305 6,801 Other current liabilities6,346 5,154 Total current liabilities 714,991 738,092 Deferred revenue (net of current portion) 175,151 182,815 Term loan, net of issuance costs (net of current portion)356,068 356,705 Operating lease liabilities (net of current portion)54,621 56,224 Other liabilities 9,585 8,329 Total liabilities 1,310,416 1,342,165 Stockholders’ equity:Common stock (par value: $0.01; 500,000 shares authorized; 124,484 and 122,371 shares issued at March 31, 2025 and December 31, 2024, respectively)1,245 1,224 Additional paid-in capital1,440,770 1,374,659 Treasury stock (at cost