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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