Company: TENB
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001660280-25-000034
Chunk: 134

Company: Tenable Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 134
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 due to rising market interest rates compared to when the investments were initiated. We do not believe any unrealized losses represent credit losses, and it is unlikely we would sell the investments before we would recover their amortized cost basis.The contractual maturities of our short-term investments are as follows:December 31, 2024December 31, 2023(in thousands)Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue within one year$204,156 $204,532 $219,437 $219,414 Due between one and two years44,073 44,015 17,365 17,426 Total short-term investments$248,229 $248,547 $236,802 $236,840 

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.

85

The following tables summarize assets that are measured at fair value on a recurring basis: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 $— $41,604 Corporate bonds— 95,410 — 95,410 Asset backed securities— 30,796 — 30,796 Yankee bonds— 14,007 — 14,007 U.S. Treasury and agency obligations— 66,730 — 66,730 Total short-term investments$— $248,547 $— $248,547 December 31, 2023(in thousands)Level 1Level 2Level 3TotalCash equivalentsMoney market funds$130,375 $— $— $130,375 Total cash equivalents$130,375 $— $— $130,375