N-able, Inc. (NABL)
N-able, Inc. furnishes cloud-powered software offerings specifically for managed service providers (MSPs) across the United States, the United Kingdom, and globally. These solutions are crafted to enable MSPs to facilitate digital modernization and expansion for their small and medium-sized enterprise (SME) clientele. N-able's enterprise-grade software platform acts as a core operational system for its MSP partners, engineered to adapt and grow in tandem with their businesses. The company's comprehensive platform is categorized into several key areas: Remote monitoring and management: Tools to oversee and maintain IT infrastructure from a distance. Security and data protection: A suite of features encompassing data backup and recovery, patch deployment, endpoint security, web content filtering, email security and archiving, and vulnerability assessments. Business management: Capabilities such as professional services automation, advanced automation and scripting, robust password policy enforcement, and comprehensive reporting and analytics. Established in 2000, N-able, Inc. is based in Burlington, Massachusetts.
Sector: Services-Prepackaged Software
Industry: Information Technology Services
N-able, Inc.
NYSE:NABLTechnology · Information Technology Services
+4.07%$5.12
AH Close$5.12+0.00%vs close
AH Close$5.12+0.00%vs close
Mkt Cap$967.2M
Float70.69M
O/S188.91M
Inst Own101.1%
SI5.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$511.43M
Net Income-$17.03M
Total Assets$1.41B
Free Cash Flow$75.06M
Debt & Equity
Debt 36%
Equity 64%
Total Debt$459.64M
Total Equity$804.65M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NABL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.41B
Liabilities$605.25M
Accounts Receivable$83.11M
Accounts Payable$9M
Inventory$0
PP&E (Net)$66.63M
Goodwill$1.02B
Intangible Assets$64.79M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $511.43M | $466.15M | $421.88M | $371.77M | $346.46M | $302.87M | $263.52M | $228.29M |
| YoY Growth | 9.7% | 10.5% | 13.5% | 7.3% | 14.4% | 14.9% | 15.4% | - |
| Cost of Revenue | $118.58M | $80.68M | $68.21M | $58.61M | $52.43M | $63.17M | $57.32M | $57.35M |
| Gross Profit | $392.85M | $385.47M | $353.67M | $313.16M | $294.02M | $239.7M | $206.2M | $170.95M |
| Gross Margin | 76.8% | 82.7% | 83.8% | 84.2% | 84.9% | 79.1% | 78.2% | 74.9% |
| Research and Development | $100.71M | $90.71M | $78.18M | $63.48M | $53.96M | $42.72M | $37.17M | $32.89M |
| Selling, General, and Administrative | $254.88M | $212.11M | $204.58M | $196.43M | $193.25M | $139.37M | $109.22M | $95.56M |
| Other | -$20.41M | $278K | $597K | $5.85M | $13.48M | $23.85M | $23.19M | -$1.74M |
| Total Operating Expenses | $335.19M | $303.1M | $283.35M | $265.76M | $260.69M | $205.93M | $169.59M | $152.17M |
| Operating Income (EBIT) | $57.66M | $82.37M | $70.32M | $47.4M | $33.33M | $33.77M | $36.61M | $18.77M |
| Operating Margin | 11.3% | 17.7% | 16.7% | 12.7% | 9.6% | 11.1% | 13.9% | 8.2% |
| Interest Expense | $36M | $30.03M | $30.25M | $18.85M | $20.47M | $28.14M | $33.8M | $34.52M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$55.27M | -$28.1M | -$25.99M | -$16.97M | -$21.74M | -$28.91M | -$33.42M | -$36.27M |
| Income Before Tax (EBT) | $2.39M | $54.27M | $44.33M | $30.43M | $11.59M | $4.86M | $3.19M | -$17.49M |
| Income Tax Expense | $19.42M | $23.31M | $20.91M | $13.72M | $11.48M | $12.01M | $5.71M | -$3.8M |
| Net Income | -$17.03M | $30.96M | $23.41M | $16.71M | $113K | -$7.16M | -$2.51M | -$13.69M |
| Net Income Margin | -3.3% | 6.6% | 5.5% | 4.5% | 0.0% | -2.4% | -1.0% | -6.0% |
| Supplementary Data | ||||||||
| EPS | -0.09 | 0.17 | 0.13 | 0.09 | 0.00 | -0.02 | -0.01 | -0.04 |
| Diluted EPS | -0.09 | 0.16 | 0.13 | 0.09 | 0.00 | -0.02 | -0.01 | -0.04 |
| Weighted Average OS | 187.82M | 185.28M | 182.37M | 180.14M | 179.05M | 315.40M | 315.40M | 315.40M |
| EBITDA | $82.44M | $110.03M | $94.65M | $73.72M | $65.83M | $89.44M | $91.14M | $73.05M |
| EBITDA Margin | 16.1% | 23.6% | 22.4% | 19.8% | 19.0% | 29.5% | 34.6% | 32.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $111.84M | $85.2M | $153.05M | $98.85M | $66.74M | $99.79M | $39.35M | $77.87M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $111.84M | $85.2M | $153.05M | $98.85M | $66.74M | $99.79M | $39.35M | $77.87M |
| Accounts Receivable | $83.11M | $85.42M | $48.01M | $42.61M | $40.29M | $30.35M | $26.95M | $22.09M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $21.49M | $13.31M | $23.73M | $12.7M | $0 | $0 | $0 | $678K |
| Total Current Assets | $216.44M | $183.92M | $224.79M | $154.16M | $120.99M | $135.72M | $71.37M | $104.78M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $66.63M | $64.16M | $68.91M | $69.16M | $74.95M | $33.29M | $23.69M | $13.2M |
| Goodwill | $1.02B | $977.01M | $838.5M | $828.79M | $840.92M | $874.08M | $836.64M | $832.52M |
| Intangible Assets | $64.79M | $83.15M | $6.72M | $8.87M | $8.07M | $27.37M | $74.77M | $120.01M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $4.41M | $2.03M | $1.09M | $795K | $1.68M | $2.98M | $3.72M | $0 |
| Other Long-Term Assets | $33.34M | $28.57M | $22.79M | $17.08M | $9.09M | $6.29M | $3.59M | $4.97M |
| Total Long-Term Assets | $1.19B | $1.15B | $938M | $924.7M | $934.71M | $944.01M | $942.42M | $970.7M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.41B | $1.34B | $1.16B | $1.08B | $1.06B | $1.08B | $1.01B | $1.08B |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $9M | $6.29M | $5.24M | $3.54M | $5.87M | $5.54M | $1.97M | $6.38M |
| Short-Term Debt | $11.2M | $3.5M | $3.5M | $3.5M | $3.5M | $0 | $0 | $0 |
| Current Income Tax Payable | $9.8M | $19.05M | $4.52M | $3.53M | $6.41M | $6M | $5.57M | $0 |
| Current Unearned Revenue | $24.49M | $23.98M | $12.65M | $11.74M | $10.68M | $9.5M | $7.91M | $0 |
| Other Current Liabilities | $127.32M | $44.02M | $27.1M | $0 | $0 | $9.58M | $5.57M | $11.33M |
| Total Current Liabilities | $181.81M | $150.1M | $81.72M | $61.81M | $60.88M | $54.83M | $32.79M | $54.46M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $419.16M | $329.61M | $331.51M | $333.49M | $335.38M | $372.65M | $394.4M | $450M |
| Long-Term Unearned Revenue | $1.75M | $3M | $167K | $387K | $223K | $168K | $261K | $0 |
| Long-Term Deferred Tax Liabilities | $1.85M | $3.45M | $1.82M | $2.78M | $2.63M | $5.85M | $10.63M | $0 |
| Other Long-Term Liabilities | -$28.6M | $63.34M | $3.15M | $5.2M | $410K | $406K | $87K | $19.27M |
| Total Long-Term Liabilities | $423.44M | $429.46M | $369.71M | $374.97M | $376.47M | $393.71M | $417.3M | $469.27M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $605.25M | $579.56M | $451.43M | $436.79M | $437.34M | $448.54M | $450.09M | $523.73M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $190K | $187K | $183K | $181K | $179K | $582.21M | $557.12M | $537.28M |
| Retained Earnings | $54.17M | $71.2M | $40.25M | $16.83M | $127K | $0 | $0 | $0 |
| Comprehensive Income & Other | $33.69M | -$21.09M | $4.41M | -$7.82M | $15.05M | $48.99M | $6.58M | $14.47M |
| Other Stockholders' Equity | $750.29M | $687.9M | $670.93M | $625.06M | $618.05M | $48.99M | $6.58M | $14.47M |
| Total Equity | $804.65M | $759.29M | $711.36M | $642.07M | $618.36M | $631.2M | $563.7M | $551.75M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.41B | $1.34B | $1.16B | $1.08B | $1.06B | $1.08B | $1.01B | $1.08B |
| Supplementary Data | ||||||||
| Total Debt | $459.64M | $369.19M | $374.52M | $375.87M | $381.53M | $390.15M | $408.43M | $450M |
| Net Debt | $347.81M | $284M | $221.47M | $277.02M | $314.8M | $290.36M | $369.08M | $372.13M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$17.03M | $30.96M | $23.41M | $16.71M | $113K | -$7.16M | -$2.51M | -$13.69M |
| Depreciation & Amortization | $44.06M | $25.73M | $20.07M | $24.44M | $33.77M | $56.45M | $54.14M | $56.02M |
| Deferred Income Tax | -$3.82M | -$1.95M | $330K | -$1.42M | -$1.91M | -$4.05M | -$4.73M | -$10.54M |
| Stock-Based Compensation | $46.59M | $45.35M | $43.57M | $36.53M | $29.43M | $21.05M | $8.66M | $1.8M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | -$436K | -$21.84M | -$7.23M | -$4.13M | -$11.57M | -$3.69M | -$5.29M | -$4.94M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.32M |
| Accounts Payable | $2.54M | -$461K | $1.83M | -$1.62M | -$455K | $3.27M | -$236K | $791K |
| Other Working Capital | -$4.27M | $1.28M | $7.53M | $794K | -$7.89M | $16.6M | -$25.63M | $115K |
| Total Working Capital Change | -$2.17M | -$21.02M | $2.13M | -$4.96M | -$19.91M | $16.18M | -$31.16M | $15.29M |
| Other Non-Cash Items | $25.58M | $377K | $576K | $119K | $3.85M | $3.19M | $1.14M | $3.45M |
| Net Cash from Operating | $93.2M | $79.44M | $90.09M | $71.41M | $45.34M | $85.67M | $25.54M | $52.33M |
| Investing Activities | ||||||||
| Capital Expenditures | -$18.14M | -$17.57M | -$13.78M | -$12.83M | -$30.66M | -$11.92M | -$5.79M | -$9.92M |
| Acquisitions | $0 | -$98.69M | $0 | -$9.2M | $0 | $0 | -$14.82M | -$13M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$10.82M | -$6.16M | -$8.56M | -$8.18M | -$4.17M | -$4.22M | -$2.42M | -$451K |
| Net Cash from Investing | -$28.96M | -$122.42M | -$22.34M | -$30.21M | -$34.83M | -$16.14M | -$23.04M | -$22.93M |
| Financing Activities | ||||||||
| Debt Repaid | -$61.38M | $3.5M | $3.5M | $3.5M | $23.52M | $21.75M | $55.6M | - |
| Common Stock Issuance | $2.36M | $2.39M | $0 | $0 | $216M | $0 | $0 | $0 |
| Common Stock Repurchases | -$30.04M | $0 | -$11.98M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | -$216M | $0 | $0 | $0 |
| Other Financing Activities | -$74.32M | -$21.49M | $303K | -$6.9M | -$18.8M | $11.19M | $12.79M | $20.58M |
| Net Cash from Financing | -$40.63M | -$22.59M | -$15.17M | -$10.4M | -$42.32M | -$10.56M | -$42.81M | $20.58M |
| Forex Effect | $3.02M | -$2.27M | $1.62M | $1.31M | -$1.24M | $1.48M | $1.79M | -$2.54M |
| Net Change in Cash | $26.64M | -$67.85M | $54.2M | $32.11M | -$33.05M | $60.44M | -$38.52M | $47.44M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $93.2M | $79.44M | $90.09M | $71.41M | $45.34M | $85.67M | $25.54M | $52.33M |
| Capital Expenditure | -$18.14M | -$23.73M | -$22.34M | -$21.01M | -$34.83M | -$16.14M | -$8.21M | -$9.92M |
| Free Cash Flow | $75.06M | $55.71M | $67.75M | $50.4M | $10.51M | $69.53M | $17.32M | $42.4M |
| Cash at Beginning | $85.2M | $153.05M | $98.85M | $66.74M | $99.79M | $39.35M | $77.87M | $30.43M |
| Cash at End | $111.84M | $85.2M | $153.05M | $98.85M | $66.74M | $99.79M | $39.35M | $77.87M |