Tenable Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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, 2026 · Filed Aug 4, 2026
TENB$43.67+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| (in thousands, except per share data) · (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $125,351 | $187,762 |
| Short-term investments | 172,858 | 214,419 |
| Accounts receivable (net of allowance for doubtful accounts of $530 and $656 at June 30, 2026 and December 31, 2025, respectively) | 204,471 | 279,150 |
| Deferred commissions | 50,502 | 52,914 |
| Prepaid expenses and other current assets | 55,660 | 39,339 |
| Total current assets | 608,842 | 773,584 |
| Property and equipment, net | 45,611 | 40,062 |
| Deferred commissions (net of current portion) | 64,794 | 71,715 |
| Operating lease right-of-use assets | 41,883 | 35,558 |
| Acquired intangible assets, net | 101,731 | 115,296 |
| Goodwill | 697,886 | 697,886 |
| Other assets | 12,914 | 13,566 |
| Total assets | $1,573,661 | $1,747,667 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $28,405 | $21,889 |
| Accrued compensation | 60,834 | 69,166 |
| Deferred revenue | 670,083 | 706,866 |
| Operating lease liabilities | 10,234 | 9,596 |
| Other current liabilities | 5,316 | 5,432 |
| Total current liabilities | 774,872 | 812,949 |
| Deferred revenue (net of current portion) | 179,334 | 192,410 |
| Term loan, net of issuance costs (net of current portion) | 352,983 | 354,209 |
| Operating lease liabilities (net of current portion) | 55,884 | 50,877 |
| Other liabilities | 12,189 | 10,846 |
| Total liabilities | 1,375,262 | 1,421,291 |
| Stockholders’ equity: | ||
| Common stock (par value: $0.01; 500,000 shares authorized; 132,356 and 129,046 shares issued at June 30, 2026 and December 31, 2025, respectively) | 1,324 | 1,290 |
| Additional paid-in capital | 1,687,284 | 1,586,727 |
| Treasury stock (at cost: 21,914 and 10,596 shares at June 30, 2026 and December 31, 2025, respectively) | (597,710) | (364,574) |
| Accumulated other comprehensive (loss) income | (264) | 387 |
| Accumulated deficit | (892,235) | (897,454) |
| Total stockholders’ equity | 198,399 | 326,376 |
| Total liabilities and stockholders’ equity | $1,573,661 | $1,747,667 |
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Revenue | $268,508 | $247,295 | $530,566 | $486,432 |
| Cost of revenue | 60,333 | 54,434 | 117,002 | 106,894 |
| Gross profit | 208,175 | 192,861 | 413,564 | 379,538 |
| Operating expenses: | ||||
| Sales and marketing | 105,869 | 107,091 | 212,858 | 210,273 |
| Research and development | 56,999 | 59,236 | 112,760 | 112,459 |
| General and administrative | 32,288 | 33,982 | 63,733 | 81,965 |
| Restructuring | 651 | — | 3,082 | — |
| Total operating expenses | 195,807 | 200,309 | 392,433 | 404,697 |
| Income (loss) from operations | 12,368 | (7,448) | 21,131 | (25,159) |
| Interest income | 2,312 | 4,080 | 5,352 | 9,007 |
| Interest expense | (6,436) | (7,139) | (12,848) | (14,150) |
| Other (expense) income, net | (1,308) | 25 | (1,612) | 499 |
| Income (loss) before income taxes | 6,936 | (10,482) | 12,023 | (29,803) |
| Provision for income taxes | 3,131 | 4,224 | 6,804 | 7,838 |
| Net income (loss) | $3,805 | $(14,706) | $5,219 | $(37,641) |
| Net earnings (loss) per share: | ||||
| Basic | $0.03 | $(0.12) | $0.05 | $(0.31) |
| Diluted | 0.03 | (0.12) | 0.05 | (0.31) |
| Weighted-average shares used to compute net earnings (loss) per share: | ||||
| Basic | 110,742 | 120,979 | 113,305 | 120,533 |
| Diluted | 113,768 | 120,979 | 115,716 | 120,533 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands) | 2026 | 2025 | 2026 | 2025 |
| Net income (loss) | $3,805 | $(14,706) | $5,219 | $(37,641) |
| Other comprehensive loss, net of tax: | ||||
| Unrealized losses on available-for-sale securities, net | (157) | (66) | (651) | (56) |
| Other comprehensive loss | (157) | (66) | (651) | (56) |
| Comprehensive income (loss) | $3,648 | $(14,772) | $4,568 | $(37,697) |
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
| AdditionalPaid-inCapital · AccumulatedOtherComprehensive Income (Loss) · TotalStockholders’Equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury Stock · Accumulated Deficit | |||||||||||
| (in thousands) · Shares · Amount · Shares · Amount | |||||||||||
| Balance at March 31, 2026 | 131,255 | $1,313 | $1,638,765 | 16,682 | $(495,711) | $(107) | $(896,040) | $248,220 | |||
| Exercise of stock options | 220 | 2 | 1,722 | — | — | — | — | 1,724 | |||
| Vesting of restricted stock units | 868 | 9 | (449) | — | — | — | — | (440) | |||
| Vesting of performance stock units | 13 | — | — | — | — | — | — | — | |||
| Purchase of treasury stock | — | — | — | 5,248 | (100,731) | — | — | (100,731) | |||
| Shares issued from Treasury | — | — | — | (16) | 441 | — | — | 441 | |||
| Taxes paid related to net share settlement of equity awards | — | — | — | — | (1,709) | — | — | (1,709) | |||
| Stock-based compensation | — | — | 47,246 | — | — | — | — | 47,246 | |||
| Other comprehensive loss | — | — | — | — | — | (157) | — | (157) | |||
| Net income | — | — | — | — | — | — | 3,805 | 3,805 | |||
| Balance at June 30, 2026 | 132,356 | $1,324 | $1,687,284 | 21,914 | $(597,710) | $(264) | $(892,235) | $198,399 | |||
| Balance at December 31, 2025 | 129,046 | $1,290 | $1,586,727 | 10,596 | $(364,574) | $387 | $(897,454) | $326,376 | |||
| Exercise of stock options | 247 | 2 | 1,890 | — | — | — | — | 1,892 | |||
| Vesting of restricted stock units | 2,476 | 25 | (1,670) | — | — | — | — | (1,645) | |||
| Vesting of performance stock units | 52 | 1 | (1) | — | — | — | — | — | |||
| Issuance of common stock under employee stock purchase plan | 535 | 6 | 8,732 | — | — | — | — | 8,738 | |||
| Purchase of treasury stock | — | — | — | 11,371 | (231,610) | — | — | (231,610) | |||
| Shares issued from Treasury | — | — | — | (53) | 1,646 | — | — | 1,646 | |||
| Taxes paid related to net share settlement of equity awards | — | — | — | — | (3,172) | — | — | (3,172) | |||
| Stock-based compensation | — | — | 91,606 | — | — | — | — | 91,606 | |||
| Other comprehensive loss | — | — | — | — | — | (651) | — | (651) | |||
| Net income | — | — | — | — | — | — | 5,219 | 5,219 | |||
| Balance at June 30, 2026 | 132,356 | $1,324 | $1,687,284 | 21,914 | $(597,710) | $(264) | $(892,235) | $198,399 | |||
| Balance at March 31, 2025 | 124,484 | $1,245 | $1,440,770 | 4,282 | $(174,911) | $328 | $(884,271) | $383,161 | |||
| Exercise of stock options | 1,964 | 20 | 1,820 | — | — | — | — | 1,840 | |||
| Vesting of restricted stock units | 698 | 7 | (7) | — | — | — | — | — | |||
| Vesting of performance stock units | 17 | — | — | — | — | — | — | — | |||
| Issuance of common stock under employee stock purchase plan | 2 | — | 11 | — | — | — | — | 11 | |||
| Issuance of restricted stock awards | 187 | 2 | (2) | — | — | — | — | — | |||
| Purchase of treasury stock | — | — | — | 2,043 | (64,999) | — | — | (64,999) | |||
| Taxes paid related to net share settlement of equity awards | — | — | — | 40 | (1,329) | — | — | (1,329) | |||
| Fair value of replacement equity attributable to pre-acquisition service | — | — | 111 | — | — | — | — | 111 | |||
| Stock-based compensation | — | — | 46,676 | — | — | — | — | 46,676 | |||
| Other comprehensive loss | — | — | — | — | — | (66) | — | (66) | |||
| Net loss | — | — | — | — | — | — | (14,706) | (14,706) | |||
| Balance at June 30, 2025 | 127,352 | $1,274 | $1,489,379 | 6,365 | $(241,239) | $262 | $(898,977) | $350,699 | |||
| Balance at December 31, 2024 | 122,371 | $1,224 | $1,374,659 | 2,673 | $(114,911) | $318 | $(861,336) | $399,954 | |||
| Exercise of stock options | 2,016 | 20 | 2,167 | — | — | — | — | 2,187 | |||
| Vesting of restricted stock units | 2,297 | 23 | (23) | — | — | — | — | — | |||
| Vesting of performance stock units | 180 | 2 | (2) | — | — | — | — | — | |||
| Issuance of common stock under employee stock purchase plan | 301 | 3 | 9,709 | — | — | — | — | 9,712 | |||
| Issuance of restricted stock awards | 187 | 2 | (2) | — | — | — | — | — | |||
| Purchase of treasury stock | — | — | — | 3,652 | (124,999) | — | — | (124,999) | |||
| Taxes paid related to net share settlement of equity awards | — | — | — | 40 | (1,329) | — | — | (1,329) | |||
| Fair value of replacement equity attributable to pre-acquisition service | — | — | 146 | — | — | — | — | 146 | |||
| Stock-based compensation | — | — | 102,725 | — | — | — | — | 102,725 | |||
| Other comprehensive loss | — | — | — | — | — | (56) | — | (56) | |||
| Net loss | — | — | — | — | — | (37,641) | (37,641) | ||||
| Balance at June 30, 2025 | 127,352 | $1,274 | $1,489,379 | 6,365 | $(241,239) | $262 | $(898,977) | $350,699 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.