TENB — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-03

• Three Months Ended September 30,Nine Months Ended September 30,

• Recurring revenue, which includes revenue from subscription arrangements for software (both recognized ratably over the subscription term and upon delivery) and cloud-based solutions and maintenance associated with perpetual licenses, represented 95% of revenue in the three and nine months ended Sep…

• Three Months Ended September 30,Nine Months Ended September 30,

• Three Months Ended September 30,Nine Months Ended September 30,

• (2) Stock-based compensation in the nine months ended September 30, 2025 includes $14.6 million of expense related to the accelerated vesting of equity awards for our former Chairman and Chief Executive Officer.

Text removed vs the prior filing · source: 10-Q · 2026-08-04

• Recurring revenue, which includes revenue from subscription arrangements for software (both recognized ratably over the subscription term and upon delivery) and cloud-based solutions and maintenance associated with perpetual licenses, represented 95% of revenue in the three months ended June 30, 202…

• (2) Stock-based compensation in the six months ended June 30, 2025 includes $14.6 million of expense related to the accelerated vesting of equity awards for our former Chairman and Chief Executive Officer.

• The increase in revenue included an increase of $23.3 million from existing customers as of July 1, 2025, partially offset by a decrease of $2.1 million in revenue from new customers. U.S. revenue increased $7.3 million, or 6%. International revenue increased $13.9 million, or 12%.

• •a $3.2 million increase in third-party cloud infrastructure costs;

• The decrease in sales and marketing expense was primarily due to:

Text added vs the prior filing · source: 10-Q · 2026-11-03

• Our foreign currency exchange rate risk is described in Part II, Item 7A, "Quantitative and Qualitative Disclosures About Market Risk" in our Annual Report on Form 10-K for the year ended December 31, 2025. At September 30, 2026, there have been no material changes to our foreign currency exchange r…

Text removed vs the prior filing · source: 10-Q · 2026-08-04

• In July 2021, we entered into the Credit Agreement comprised of a $375.0 million Term Loan and a $50.0 million Revolving Credit Facility. From January to June 2026, interest rates on our Term Loan were between 6.48% and 6.58%. A one percentage point increase in the rate would not have a material imp…

• Our foreign currency exchange rate risk is described in Part II, Item 7A, "Quantitative and Qualitative Disclosures About Market Risk" in our Annual Report on Form 10-K for the year ended December 31, 2025. At June 30, 2026, there have been no material changes to our foreign currency exchange rate r…

Text added vs the prior filing · source: 10-Q · 2026-11-03

• In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute, assurance of achieving the desired control objectives. In addition, the design of disclosur…

Text removed vs the prior filing · source: 10-Q · 2026-08-04

• In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute, assurance of achieving the desired control objectives. In addition, the design of disclosur…

• possible controls and procedures relative to their costs. Our management, including our Co-Chief Executive Officer and Chief Financial Officer, believes that our disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving…

Text added vs the prior filing · source: 10-Q · 2026-11-03

• We face intense competition. If we do not continue to innovate and offer solutions that address the dynamic cybersecurity landscape, we may not remain competitive.

• The market for cybersecurity solutions is fragmented, intensely competitive and constantly evolving. We compete with a range of established and emerging cybersecurity software and services vendors, as well as homegrown solutions. With the introduction of new technologies and market entrants, we expe…

• Some of our actual and potential competitors have significant advantages over us, such as longer operating histories, significantly greater financial, technical, marketing or other resources, stronger brand and business user recognition, larger intellectual property portfolios, government certificat…

• In addition, some of our larger competitors have substantially broader product offerings and can bundle competing products and services with other software offerings which customers may choose even if individual products have more limited functionality than our solutions. These competitors may also …

• not be as susceptible to economic downturns. One component of our enterprise platform involves assessing Cyber Exposure in a public cloud environment. We are dependent upon the providers to allow our solutions to access their cloud offerings. If one or more cloud providers elected to offer exclusive…

Text removed vs the prior filing · source: 10-Q · 2026-08-04

• We have experienced, and may in the future experience, disruptions, outages, other performance problems and security threats due to a variety of factors, including infrastructure changes, deliberate or unintentional human actions (including by third parties), software defects and configuration error…

• our information systems and software applications, and we take steps designed to mitigate the risks associated with known vulnerabilities. Despite our efforts, there can be no assurance that these vulnerability, defect and configuration error mitigation measures will be completely effective. Further…

• We have incorporated and expect to continue to incorporate and further expand our use of AI features in certain of our products and services, including ExposureAI, Tenable AI Assistant and Hexa AI within Tenable One. The use of AI technologies, including generative AI processes, at scale is relative…

• Our AI technology features may also generate output that is misleading, insecure, inaccurate, harmful or otherwise flawed. Agentic AI solutions may compound those risks by taking or implementing actions or outputs, which themselves may be based on flawed outputs, that further increase the risk of mi…

• of corporate data or other sensitive information, flawed communications to customers or partners, or the creation of unintended legal or financial obligations on behalf of the company. Our customers or others may rely on or use such misleading, insecure, harmful or otherwise flawed content to their …

Text added vs the prior filing · source: 10-Q · 2026-11-03

• Mark Thurmond, our Co-Chief Executive Officer, entered into a prearranged stock trading plan on August 3, 2026. Mr. Thurmond's plan includes the potential sale of 172,357 shares of our common stock between November 13, 2026 and August 5, 2027. Of the shares of common stock that may be sold pursuant …

• Stephen Vintz, our Co-Chief Executive Officer, entered into a prearranged stock trading plan on August 6, 2026. Mr. Vintz's plan includes the potential sale of 250,000 shares of our common stock between November 13, 2026 and May 13, 2027.

• Art Coviello, a member of our Board of Directors, entered into a prearranged stock trading plan on August 5, 2026. Mr. Coviello's plan includes the potential sale of 12,000 shares of our common stock between November 13, 2026 and February 28, 2027. Additionally, pursuant to Mr. Coviello's plan, 12,5…

• All of the trading plans above were entered into during an open insider trading window and are intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act and our policies regarding insider transactions.

Text removed vs the prior filing · source: 10-Q · 2026-08-04

• Raymond Vicks, Jr., a member of our Board of Directors, entered into a prearranged stock trading plan on May 4, 2026 to sell 1,818 shares of our common stock in August 2026. All of the shares of common stock that may be sold are to be issued upon the vesting of restricted stock units.

• This trading plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act and our policies regarding insider transactions.