Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 57

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 57
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 marketing expense of $6.0 million was primarily due to:

•a $2.2 million increase in personnel costs, including $1.5 million in stock-based compensation;

•a $1.3 million increase in expenses for demand generation programs, including advertising, sponsorships and brand awareness efforts;

•a $1.2 million increase in sales commissions;

•a $1.0 million increase in selling expenses; and

•a $0.2 million increase in acquisition-related expenses.

30

Research and Development

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Research and development$59,236 $45,149 $14,087 31 %

The increase in research and development expense of $14.1 million was primarily due to:

•a $12.0 million increase in personnel costs, including a $3.5 million increase in stock-based compensation;

•a $1.0 million increase in allocated overhead;

•a $0.5 million increase in acquisition-related expenses;

•a $0.4 million increase in third-party cloud infrastructure costs; and

•a $0.3 million increase in software subscription costs.

General and Administrative

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)General and administrative$33,982 $30,302 $3,680 12 %

The increase in general and administrative expense of $3.7 million was primarily due to:

•a $1.9 million increase in personnel costs;

•a $0.6 million increase in acquisition-related expenses;

•a $0.6 million increase in professional fees; 

•a $0.3 million increase in travel and meeting costs; and 

•a $0.2 million increase in indirect taxes such as VAT.

Restructuring

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Restructuring$— $4,681 $(4,681)(100)%

Restructuring in the prior year included a $4.5 million non-cash impairment of leasehold improvements and furniture and fixtures that was recorded in connection with the sublease of a portion of our headquarters.

Interest Income, Interest Expense and Other Income, Net

Three Months Ended June 30,Change(dollars in thousands)20252024($)(%)Interest income$4,080 $5,974 $(1,894)(32)%