Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 116

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 including the valuation of acquired intangible assets, working capital and income taxes. 

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The results of operations of Vulcan and Apex are included in our consolidated statements of operations from the acquisition date and were not material. Pro forma results of operations are not presented as they are not material to the consolidated statement of operations.Acquisition-related expenses are included in our consolidated statements of operations as follows:Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Sales and marketing$258 $49 $1,312 $49 Research and development532 — 1,771 (20)General and administrative1,291 714 3,619 895 Total acquisition-related expenses$2,081 $763 $6,702 $924 Goodwill and Acquired Intangible AssetsThe changes in the carrying amount of goodwill are as follows:(in thousands)Balance at December 31, 2024$541,292Acquired goodwill156,477Balance at June 30, 2025$697,769The excess purchase consideration over the fair value of acquired assets and liabilities is recorded as goodwill. The acquired goodwill reflects the synergies we expect from marketing and selling new capabilities from Vulcan and Apex to our customers. Acquired goodwill is generally not tax deductible. Acquired intangible assets subject to amortization are as follows:June 30, 2025December 31, 2024(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAcquired technology$196,237 $(67,377)$128,860 $149,437 $(54,976)$94,461 Trade name490 (490)— 490 (490)— $196,727 $(67,867)$128,860 $149,927 $(55,466)$94,461 Amortization of acquired intangible assets was $6.5 million, $4.8 million, $12.4 million and $9.4 million in the three months ended June 30, 2025 and 2024, and the six months ended June 30, 2025 and 2024, respectively. At June 30, 2025, our acquired intangible assets are expected to be amortized over an estimated remaining weighted average period of 5.4 years.

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At June 30