Tenable Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
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4. Fair Value Measurements
- 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.
The following tables summarize assets that are measured at fair value on a recurring basis:
| September 30, 2024 | ||||
|---|---|---|---|---|
| (in thousands) | Level 1 | Level 2 | Level 3 | Total |
| Cash equivalents | ||||
| Money market funds | $161,509 | $— | $— | $161,509 |
| U.S. Treasury and agency obligations | — | 988 | — | 988 |
| Total cash equivalents | $161,509 | $988 | $— | $162,497 |
| Short-term investments | ||||
| Commercial paper | $— | $44,951 | $— | $44,951 |
| Corporate bonds | — | 86,938 | — | 86,938 |
| Asset backed securities | — | 27,852 | — | 27,852 |
| Yankee bonds | — | 12,087 | — | 12,087 |
| U.S. Treasury and agency obligations | — | 64,414 | — | 64,414 |
| Total short-term investments | $— | $236,242 | $— | $236,242 |
| December 31, 2023 | ||||
|---|---|---|---|---|
| (in thousands) | Level 1 | Level 2 | Level 3 | Total |
| Cash equivalents | ||||
| Money market funds | $130,375 | $— | $— | $130,375 |
| Total cash equivalents | $130,375 | $— | $— | $130,375 |
| Short-term investments | ||||
| Commercial paper | $— | $82,216 | $— | $82,216 |
| Corporate bonds | — | 61,149 | — | 61,149 |
| Asset backed securities | — | 15,043 | — | 15,043 |
| Yankee bonds | — | 6,913 | — | 6,913 |
| U.S. Treasury and agency obligations | — | 71,519 | — | 71,519 |
| Total short-term investments | $— | $236,840 | $— | $236,840 |
Other Investments
Our investments in privately held securities, which are included in other assets on our consolidated balance sheets and classified as level 3, were as follows:
| (in thousands) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Equity securities | $6,702 | $— |
| Debt and other securities | 1,871 | 9,383 |
| Total other investments | $8,573 | $9,383 |
In May 2024, we recognized a $1.5 million gain on the conversion of our simple agreement for future equity ("SAFE") investment to an investment in preferred stock.
We did not have any liabilities measured and recorded at fair value on a recurring basis at September 30, 2024 and December 31, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.