TENB · CIK 1660280
What Tenable Holdings, Inc. told the SEC could break it.
1 self-disclosed vulnerability, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for TENB. More may follow as additional filings are processed.
In its own words
What could break it.
Customer concentration
- 94% of revenue through channel partners; single distributor (Ingram Micro) = 32%medium
Although Tenable has over 40,000 end customers (no single end customer over 2% of revenue), its revenue is highly concentrated in its distribution channel: it derived 94% of revenue through channel partners in 2025 (94%/93% in 2024/2023), and a single distributor, Ingram Micro, accounted for 32% of total revenue (down from 34%/36%) and 27% of accounts receivable. Tenable warns that this reliance means any significant interruption to a major distributor's systems could harm its business — concentrating both revenue and credit risk in one intermediary even though the underlying end-customer base is diffuse.
“In 2025, 2024 and 2023, we derived 94%, 94% and 93%, respectively, of our revenue from sales through channel partners, and the percentage of revenue derived from channel partners may continue to increase in future periods.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“Ingram Micro, one of our distributors, accounted for 32%, 34% and 36% of our revenue in 2025, 2024 and 2023, respectively, and 27% of our accounts receivable at December 31, 2025 and 29% at December 31, 2024.”
Cited →
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