Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
Chunk: 3

Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
— — — (223)— (223)Net loss— — — — — (14,386)(14,386)Balance at March 31, 2024119,625 $1,196 $1,237,283 $(39,925)$(185)$(839,421)$358,948 

The accompanying notes are an integral part of these consolidated financial statements.

6

TENABLE HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Three Months Ended March 31,(in thousands)20252024Cash flows from operating activities:Net loss$(22,935)$(14,386)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization9,854 8,232 Stock-based compensation55,903 39,719 Net accretion of discounts and amortization of premiums on short-term investments(1,180)(2,284)Amortization of debt issuance costs349 329 Other979 1,611 Changes in operating assets and liabilities:Accounts receivable92,968 63,437 Prepaid expenses and other assets(9,875)5,216 Accounts payable, accrued expenses and accrued compensation(8,491)(22,017)Deferred revenue(32,507)(27,789)Other current and noncurrent liabilities2,342 (1,742)Net cash provided by operating activities87,407 50,326 Cash flows from investing activities:Purchases of property and equipment(6,553)(665)Capitalized software development costs(624)(2,532)Purchases of short-term investments(38,445)(77,465)Sales and maturities of short-term investments61,345 65,570 Proceeds from other investments664 3,512 Business combinations, net of cash acquired(148,510)— Net cash used in investing activities(132,123)(11,580)Cash flows from financing activities:Payments on term loan(938)(938)Proceeds from stock issued in connection with the employee stock purchase plan9,701 9,884 Proceeds from the exercise of stock options347 1,874 Purchase of treasury stock(60,000)(24,991)Net cash used in financing activities(50,890)(14,171)Effect of exchange rate changes on cash and cash equivalents and restricted cash400 (