10-Q Filing

TENABLE HOLDINGS, INC. CIK: 1660280 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001660280-21-000054`
Period End Date	20210331
Filing Date	20210429
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	tenb-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 25 Comprehensive Income 8

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$326.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$261.00K	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.22M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$228.39M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	103.72M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	105.51M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$113.62M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$111.94M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	103.72M	shares	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $326 and $261 at March 31, 2021 and December 31, 2020, respectively)	`AccountsReceivableNetCurrent`	$115.34M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $326 and $261 at March 31, 2021 and December 31, 2020, respectively)	`AccountsReceivableNetCurrent`	$82.82M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	105.51M	shares	Point-in-time
Deferred commissions	`CapitalizedContractCostNetCurrent`	$31.94M	USD	Point-in-time
Deferred commissions	`CapitalizedContractCostNetCurrent`	$32.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$497.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$483.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$38.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$38.91M	USD	Point-in-time
Deferred commissions (net of current portion)	`CapitalizedContractCostNetNoncurrent`	$45.36M	USD	Point-in-time
Deferred commissions (net of current portion)	`CapitalizedContractCostNetNoncurrent`	$46.73M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$38.36M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$39.43M	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.61M	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$13.19M	USD	Point-in-time
Goodwill	`Goodwill`	$54.41M	USD	Point-in-time
Goodwill	`Goodwill`	$54.41M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.52M	USD	Point-in-time
Total assets	`Assets`	$690.59M	USD	Point-in-time
Total assets	`Assets`	$700.85M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.73M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.55M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$35.51M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$26.79M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$328.82M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$325.11M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.81M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$374.90M	USD	Point-in-time
Deferred revenue (net of current portion)	`ContractWithCustomerLiabilityNoncurrent`	$103.75M	USD	Point-in-time
Deferred revenue (net of current portion)	`ContractWithCustomerLiabilityNoncurrent`	$105.69M	USD	Point-in-time
Operating lease liabilities (net of current portion)	`OperatingLeaseLiabilityNoncurrent`	$54.53M	USD	Point-in-time
Operating lease liabilities (net of current portion)	`OperatingLeaseLiabilityNoncurrent`	$53.20M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$528.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$539.92M	USD	Point-in-time
Common stock (par value: $0.01; 500,000 shares authorized; 105,513 and 103,715 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$1.05M	USD	Point-in-time
Common stock (par value: $0.01; 500,000 shares authorized; 105,513 and 103,715 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$786.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$757.47M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-615.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-607.85M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$150.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$98.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$100.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$171.94M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$700.85M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$690.59M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$102.65M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$123.19M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$22.07M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$18.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$83.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$101.12M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$58.63M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$59.85M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.83M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.84M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$105.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$106.92M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.67M	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNet`	$-28.00K	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNet`	$734.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-66.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-960.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-21.90M	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-5.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.98M	USD	1 Quarter
Net loss per share, basic and diluted (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	1 Quarter
Net loss per share, basic and diluted (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	104.53M	shares	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	98.86M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.68M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$16.95M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$13.04M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-313.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-515.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.45M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.81M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.43M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.96M	USD	1 Quarter
Accounts payable, accrued expenses and accrued compensation	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.61M	USD	1 Quarter
Accounts payable, accrued expenses and accrued compensation	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-5.65M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-5.04M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$61.00K	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-886.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.49M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$614.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.06M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$29.36M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$58.83M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$78.17M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$31.00M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.73M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$578.00K	USD	1 Quarter
Proceeds from stock issued in connection with the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$7.31M	USD	1 Quarter
Proceeds from stock issued in connection with the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$8.05M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.98M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.01M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.28M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.06M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.07M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$50.19M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$33.41M	USD	1 Quarter
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.07M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.67M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.66M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$178.46M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.07M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.67M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.66M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$178.46M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$41.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$71.00K	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$3.47M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$1.20M	USD	1 Quarter
Cash payments for operating leases	`OperatingLeasePayments`	$1.52M	USD	1 Quarter
Cash payments for operating leases	`OperatingLeasePayments`	$1.26M	USD	1 Quarter

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	103.72M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	105.51M	shares	Point-in-time
Balance	`StockholdersEquity`	$150.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$98.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$100.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$171.94M	USD	Point-in-time
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	607,000.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.01M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.98M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockUnit`	-	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockUnit`	-	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$7.31M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$8.05M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.96M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.05M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$113.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.98M	USD	1 Quarter
Balance (in shares)	`CommonStockSharesOutstanding`	103.72M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	105.51M	shares	Point-in-time
Balance	`StockholdersEquity`	$150.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$98.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$100.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$171.94M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.98M	USD	1 Quarter
Unrealized (losses) gains on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Unrealized (losses) gains on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$113.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$113.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-22.86M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.75M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.