Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
Chunk: 62

Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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Estimated Fair ValueAmortized CostEstimated Fair ValueDue within one year$172,949 $173,187 $204,156 $204,532 Due between one and two years53,559 53,649 44,073 44,015 Total short-term investments$226,508 $226,836 $248,229 $248,547 At March 31, 2025 and December 31, 2024, cash and cash equivalents included $8.2 million of restricted cash related to collateral for outstanding letters of credit and an operating lease.

4. Fair Value Measurements

We measure certain financial instruments at fair value using a fair value hierarchy. In the hierarchy, assets are classified based on the lowest level inputs used in valuation into the following categories:•Level 1 — Quoted prices in active markets for identical assets and liabilities;•Level 2 — Observable inputs including quoted market prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in inactive markets, or inputs that are corroborated by observable market data; and•Level 3 — Unobservable inputs.

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The following tables summarize assets that are measured at fair value on a recurring basis:March 31, 2025(in thousands)Level 1Level 2Level 3TotalCash equivalentsMoney market funds$78,301 $— $— $78,301 Total cash equivalents$78,301 $— $— $78,301 Short-term investmentsCommercial paper$— $25,112 $— $25,112 Corporate bonds— 95,983 — 95,983 Asset backed securities— 30,146 — 30,146 Yankee bonds— 10,055 — 10,055 U.S. Treasury and agency obligations— 65,540 — 65,540 Total short-term investments$— $226,836 $— $226,836 December 31, 2024(in thousands)Level 1Level 2Level 3TotalCash equivalentsMoney market funds$190,750 $— $— $190,750 Total cash equivalents$190,750 $— $— $190,750 Short-term investmentsCommercial paper$— $41,604 $— $41,604 Corporate bonds— 95,410 — 95,410 Asset