Tenable Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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.
Jun 30, 2025 · Filed Aug 8, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
7. Leases
- Leases
The components of lease expense were as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2025 | 2024 |
| Operating lease cost(1) | $2,830 | $1,890 | $5,233 | $3,785 |
(1) Excludes sublease income.
In June 2024, we executed a sublease of a portion of our corporate headquarters through February 2032 and recognized $4.5 million of restructuring expense related to the associated impairment of leasehold improvements and furniture and fixtures.
Sublease income, which is recorded as a reduction of rent expense, was $0.4 million and $0.8 million for the three and six months ended June 30, 2025, respectively.
Rent expense for short-term leases in the three and six months ended June 30, 2025 and 2024 was not material.
Supplemental information related to leases was as follows:
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| Operating leases | ||
| Weighted average remaining lease term | 6.1 years | 6.5 years |
| Weighted average discount rate | 6.2% | 6.1% |
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2025 | 2024 |
| ROU assets obtained in exchange for lease obligations | ||||
| Operating leases | $359 | $806 | $359 | $806 |
Maturities of operating lease liabilities at June 30, 2025 were as follows:
| (in thousands) | |
|---|---|
| Year ending December 31, | |
| 2025(1) | $4,270 |
| 2026 | 12,694 |
| 2027 | 12,119 |
| 2028 | 11,461 |
| 2029 | 11,095 |
| Thereafter | 22,567 |
| Total lease payments | 74,206 |
| Less: Imputed interest | (13,009) |
| Total | $61,197 |
Operating lease payments in the table above do not include $0.9 million, $1.7 million, $1.8 million, $1.9 million, $1.9 million and $4.5 million of sublease payments we expect to receive in 2025, 2026, 2027, 2028, 2029 and thereafter, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.