Company: TENB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001660280-25-000128
Chunk: 9

Company: Tenable Holdings, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 months ended September 30, 2025 and 2024, we recognized revenue of $235.8 million, $209.6 million, $556.4 million and $497.3 million, respectively, that was included in the deferred revenue balance at the beginning of each respective period.Remaining Performance ObligationsThe following summarizes the future estimated revenue related to unsatisfied performance obligations:September 30,(in thousands)20252024Remaining performance obligations, short-term$669,015 $592,351 Remaining performance obligations, long-term259,849 179,210 Remaining performance obligations$928,864 $771,561 Deferred CommissionsThe following summarizes the activity of deferred incremental costs of obtaining a contract:Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Beginning balance$115,059 $115,529 $119,705 $121,953 Capitalization of contract acquisition costs14,556 12,420 38,294 32,921 Amortization of deferred contract acquisition costs(14,515)(13,686)(42,899)(40,611)Ending balance$115,100 $114,263 $115,100 $114,263 

3. Cash Equivalents and Short-Term Investments

The following tables summarize the amortized cost, unrealized gain and loss and estimated fair value of cash equivalents and short-term investments:September 30, 2025(in thousands)Amortized CostUnrealized GainUnrealized LossEstimated Fair ValueCash equivalentsMoney market funds$60,224 $— $— $60,224 Total cash equivalents$60,224 $— $— $60,224 Short-term investmentsCommercial paper$7,207 $3 $— $7,210 Corporate bonds95,894 221 (13)96,102 Asset backed securities14,979 34 — 15,013 Yankee bonds9,699 18 — 9,717 U.S. Treasury and agency obligations83,533 154 (10)83,677 Total short-term investments$211,312 $430 $(23)$211,719 

10

December 31, 2024(in thousands)Amortized CostUnrealized GainUnrealized LossEstimated Fair ValueCash equivalentsMoney market funds$190,750 $