NABL · N-Able, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.68M | - | $131.71M | $131.25M | $118.20M | - | $116.44M | $119.45M | $113.75M | - |
| Cost of Revenue | $31.75M | - | $29.65M | $28.70M | $27.68M | - | $19.90M | $19.16M | $18.30M | - |
| Gross Profit | $101.92M | - | $102.06M | $102.55M | $90.52M | - | $96.54M | $100.28M | $95.45M | - |
| R&D | $26.14M | - | $25.19M | $26.34M | $23.88M | - | $23.00M | $22.39M | $22.08M | - |
| SG&A | $20.25M | - | $24.29M | $23.23M | $23.91M | - | $17.33M | $23.05M | $17.05M | - |
| Total Operating Expenses | $89.47M | - | $90.46M | $92.43M | $88.69M | - | $72.63M | $78.30M | $74.96M | - |
| D&A | $11.36M | - | - | - | $10.42M | - | - | - | $5.82M | - |
| Operating Income | $12.46M | - | $11.60M | $10.12M | $1.82M | - | $23.91M | $21.98M | $20.49M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $4.80M | - | $6.38M | $5.20M | $3.30M | - | $7.88M | $6.06M | $5.70M | - |
| Net Income | ($615.0K) | - | $1.38M | ($4.02M) | ($7.16M) | - | $10.76M | $9.46M | $7.46M | - |
| EPS - Basic | $0.00 | - | $0.01 | ($0.02) | ($0.04) | - | $0.06 | $0.05 | $0.04 | - |
| EPS - Diluted | $0.00 | - | $0.01 | ($0.02) | ($0.04) | - | $0.06 | $0.05 | $0.04 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $117.81M | $111.84M | $101.44M | $93.87M | $94.09M | $85.20M | $174.44M | $157.51M | $139.23M | $153.05M |
| Accounts Receivable | $46.06M | $50.34M | $44.95M | $47.52M | $44.58M | $44.91M | $39.63M | $37.20M | $39.75M | $40.01M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $13.73M | $9.00M | $7.97M | $7.56M | $3.69M | $6.29M | $6.53M | $6.22M | $4.03M | $5.24M |
| Current Assets | $210.98M | $216.44M | $200.35M | $186.66M | $183.78M | $183.92M | $282.28M | $252.21M | $222.27M | $224.79M |
| Total Assets | $1.40B | $1.41B | $1.40B | $1.39B | $1.35B | $1.34B | $1.22B | $1.17B | $1.15B | $1.16B |
| Current Liabilities | $167.40M | $181.81M | $158.36M | $151.09M | $153.67M | $150.10M | $93.78M | $84.97M | $73.76M | $81.72M |
| Long-term Debt | $389.10M | $389.87M | $328.16M | $328.64M | $329.12M | $329.61M | $330.08M | $330.56M | $331.03M | $331.51M |
| Total Liabilities | $596.49M | $605.25M | $584.67M | $576.59M | $576.98M | $579.56M | $458.51M | $450.29M | $440.87M | $451.43M |
| Stockholders' Equity | $798.83M | $804.65M | $813.39M | $809.42M | $775.10M | $759.29M | $764.95M | $724.37M | $709.06M | $711.36M |
| Retained Earnings | $53.56M | $54.17M | $61.40M | $60.02M | $64.04M | $71.20M | $67.91M | $57.16M | $47.70M | $40.25M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.47M | - | - | - | $19.68M | - | - | - | $4.18M | - |
| Investing Cash Flow | ($4.24M) | - | - | - | ($6.08M) | - | - | - | ($5.13M) | - |
| Financing Cash Flow | ($4.42M) | - | - | - | ($7.29M) | - | - | - | ($11.92M) | - |
| CapEx | $1.69M | - | - | - | $3.29M | - | - | - | $3.44M | - |
| Free Cash Flow | $15.78M | - | - | - | $16.39M | - | - | - | $746.0K | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 76.2% | - | 77.5% | 78.1% | 76.6% | - | 82.9% | 84.0% | 83.9% | - |
| Operating margin | 9.3% | - | 8.8% | 7.7% | 1.5% | - | 20.5% | 18.4% | 18.0% | - |
| EBITDA margin | 17.8% | - | - | - | 10.4% | - | - | - | 23.1% | - |
| Net margin | -0.5% | - | 1.1% | -3.1% | -6.1% | - | 9.2% | 7.9% | 6.6% | - |
| Free cash flow margin | 11.8% | - | - | - | 13.9% | - | - | - | 0.7% | - |
| FCF / Net income | -25.67 | - | - | - | -2.29 | - | - | - | 0.10 | - |
| R&D / Revenue | 19.6% | - | 19.1% | 20.1% | 20.2% | - | 19.7% | 18.7% | 19.4% | - |
| SG&A / Revenue | 15.1% | - | 18.4% | 17.7% | 20.2% | - | 14.9% | 19.3% | 15.0% | - |
| Effective tax rate | 114.7% | - | 82.2% | 441.4% | - | - | 42.3% | 39.1% | 43.3% | - |
| Return on assets | -0.0% | - | 0.1% | -0.3% | -0.5% | - | 0.9% | 0.8% | 0.6% | - |
| Return on equity | -0.1% | - | 0.2% | -0.5% | -0.9% | - | 1.4% | 1.3% | 1.1% | - |
| Return on invested capital | 0.5% | - | 0.5% | 0.4% | 0.1% | - | 1.3% | 1.3% | 1.1% | - |
| Liquidity | ||||||||||
| Current ratio | 1.26 | 1.19 | 1.27 | 1.24 | 1.20 | 1.23 | 3.01 | 2.97 | 3.01 | 2.75 |
| Quick ratio | 1.26 | 1.19 | 1.27 | 1.24 | 1.20 | 1.23 | 3.01 | 2.97 | 3.01 | 2.75 |
| Cash ratio | 0.70 | 0.62 | 0.64 | 0.62 | 0.61 | 0.57 | 1.86 | 1.85 | 1.89 | 1.87 |
| Leverage | ||||||||||
| Debt / Equity | 0.49 | 0.48 | 0.40 | 0.41 | 0.42 | 0.43 | 0.43 | 0.46 | 0.47 | 0.47 |
| Debt / Assets | 0.28 | 0.28 | 0.23 | 0.24 | 0.24 | 0.25 | 0.27 | 0.28 | 0.29 | 0.29 |
| Debt / EBITDA | 16.34 | - | - | - | 26.89 | - | - | - | 12.58 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.75 | 1.75 | 1.72 | 1.71 | 1.74 | 1.76 | 1.60 | 1.62 | 1.62 | 1.63 |
| Liabilities / Assets | 0.43 | 0.43 | 0.42 | 0.42 | 0.43 | 0.43 | 0.37 | 0.38 | 0.38 | 0.39 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.09 | 0.09 | 0.09 | - | 0.10 | 0.10 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 126d | - | 125d | 132d | 138d | - | 124d | 114d | 128d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 158d | - | 98d | 96d | 49d | - | 120d | 118d | 80d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 780.0x | - | - | - | 217.7x | 304.6x | 326.8x | - |
| P / B | 1.1x | - | 1.8x | 1.9x | 1.7x | - | 3.2x | 3.9x | 3.5x | - |
| P / S | 6.6x | - | 11.2x | 11.7x | 11.3x | - | 21.1x | 23.9x | 21.5x | - |
| EV / EBITDA | 48.2x | - | - | - | 128.2x | - | - | - | 100.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.1% | - | 13.1% | 9.9% | 3.9% | - | 8.3% | 12.6% | 14.0% | - |
| Revenue CAGR (3y) | 10.2% | - | 12.1% | 12.7% | 12.4% | - | 15.1% | 11.9% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 12.6% | - | 5.7% | 2.3% | -5.2% | - | 7.0% | 12.6% | 14.2% | - |
| Operating income growth (YoY) | 582.9% | - | -51.5% | -53.9% | -91.1% | - | 30.3% | 38.8% | 43.1% | - |
| Net income growth (YoY) | 91.4% | - | -87.1% | - | - | - | 78.9% | 109.7% | 110.7% | - |
| EPS growth (YoY) | - | - | -83.3% | - | - | - | 100.0% | 150.0% | 100.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 81.7% | 35.7% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -3.7% | - | - | - | 2096.9% | - | - | - | -89.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.1% | 6.0% | 6.3% | 11.7% | 9.3% | 6.7% | 13.4% | 8.3% | 8.1% | 10.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$511.43M totalSubscription Revenue$506.25M · 99.0%
Other Revenue$5.18M · 1.0%
Geographic
$511.43M totalUS$253.88M · 49.6%
Non USExcluding United Kingdom$205.35M · 40.2%
GB$52.20M · 10.2%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing N-able against the 5 most active filers in the same SIC group.