N-able, Inc. NABL

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

The technology landscape is changing rapidly. Cyberthreats are increasing in speed, sophistication, and scale, while the growth of hybrid systems, multi-cloud infrastructure, data volumes, SaaS applications, and AI-enabled processes is driving IT complexity. In this environment, secure and efficient digital operations are essential to overall business health. We are a leading global cybersecurity provider, helping protect businesses from evolving cyberthreats and navigate this fast-changing landscape.

Our software platform is designed to provide end-to-end coverage across the IT environment, delivering comprehensive protection and efficient performance. Our solutions encompass three primary vectors: Unified Endpoint Management or "UEM," Security Operations, and Data Protection. Together, these capabilities enable IT and security teams to secure and optimize devices and networks, detect and respond to threats, and backup and recover their data to ensure business continuity. We also provide an open ecosystem that seamlessly integrates with third-party tools, empowering customers to tailor their environments to their unique needs. By providing coverage across the entire attack lifecycle, we drive true business resilience.

Last close 5.12 2026-10-23
Market cap $967.2M 2026-06-30 share count
52-week range 2.92 - 8.73

Valuation FY2025 figures against the last close

P/S1.9x
P/E—
P/FCF12.9x
EV/EBITDA16.0x
Dividend yield—
Diluted EPS-0.10

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States, country of domicile
  • All other international
  • United Kingdom
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, country of domicile, FY2025: 253.9M (49.6%) 50% United States, country of domicile All other international, FY2025: 205.4M (40.2%) 40% All other international United Kingdom, FY2025: 52.2M (10.2%) 10% United Kingdom FY2024 United States, country of domicile, FY2024: 224.5M (48.2%) 48% All other international, FY2024: 192.9M (41.4%) 41% United Kingdom, FY2024: 48.7M (10.5%) 10% FY2023 United States, country of domicile, FY2023: 205.8M (48.8%) 49% All other international, FY2023: 172.8M (41.0%) 41% United Kingdom, FY2023: 43.2M (10.2%) 10%
Region FY2025FY2024FY2023
United States, country of domicile $253.9M $224.5M $205.8M
All other international $205.4M $192.9M $172.8M
United Kingdom $52.2M $48.7M $43.2M

As the company reported it, from the “Operating Segments and Geographic Information - Schedule of Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $508.8M$465.6M$422.2M$371.8M$346.5M$302.9M$263.5M—
Cost of revenue $117.4M$80.9M$68.3M$58.6M$52.4M$63.2M$57.3M—
Gross profit $391.5M$384.7M$353.9M$313.2M$294.0M$239.7M$206.2M—
R&D $100.7M$90.7M$78.2M$63.5M$54.0M$42.7M$37.2M—
SG&A $91.7M$76.2M$70.1M$71.1M$80.6M$57.3M$39.0M—
Total operating expenses $357.6M$302.8M$283.5M$265.8M$260.7M$205.9M$169.6M—
Operating income $33.9M$81.9M$70.4M$47.4M$33.3M$33.8M$36.6M—
Pre-tax income -$167.0K$54.1M$44.7M$30.4M$11.6M$4.9M$3.2M—
Income tax $18.6M$23.3M$20.9M$13.7M$11.5M$12.0M$5.7M—
Net income -$18.8M$30.7M$23.8M$16.7M$113.0K-$7.2M-$2.5M—
EPS, basic -0.100.170.130.090.00-0.05-0.02—
EPS, diluted -0.100.160.130.090.00-0.05-0.02—
Shares, diluted (wtd. avg.) 187.8M188.4M186.0M181.3M168.7M158.1M158.1M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $111.8M$85.2M$153.0M$98.8M$66.7M$99.8M$39.3M$77.9M
Receivables $50.0M$44.5M$40.0M$34.8M$33.0M$29.1M——
Total current assets $216.1M$183.7M$224.8M$154.2M$121.0M$135.7M——
Property, plant and equipment $38.4M$36.6M$36.8M$37.4M$38.7M$19.6M——
Goodwill $1.02B$977.0M$838.5M$828.8M$840.9M$874.1M$836.6M—
Other intangibles $64.8M$83.2M$6.7M$8.9M$8.1M$27.4M——
Total assets $1.41B$1.34B$1.16B$1.08B$1.06B$1.08B——
Accounts payable $9.0M$6.3M$5.2M$3.5M$5.9M$5.5M——
Short-term debt $4.0M$3.5M$3.5M$3.5M$3.5M$0——
Total current liabilities $184.2M$150.0M$81.7M$61.8M$60.9M$54.8M——
Long-term debt $389.9M$329.6M$331.5M$333.5M$335.4M$0——
Total liabilities $607.7M$579.5M$451.4M$436.8M$437.3M$448.5M——
Retained earnings $52.7M$71.6M$40.2M$16.8M$127.0K$0——
Total equity $802.0M$759.6M$711.9M$642.2M$618.4M$631.2M$563.7M$551.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $93.2M$79.4M$90.1M$71.4M$45.3M$85.7M$25.5M—
Depreciation and amortisation $44.4M$25.9M$21.7M$24.4M$33.8M$56.5M$54.1M—
Stock-based compensation $46.6M$45.4M$43.6M$36.5M$29.4M$21.1M$8.7M—
Capital expenditure $18.1M$17.6M$13.8M$12.8M$30.7M$11.9M$5.8M—
Investing cash flow -$29.0M-$122.4M-$22.3M-$30.2M-$34.8M-$16.1M-$23.0M—
Financing cash flow -$40.6M-$22.6M-$15.2M-$10.4M-$42.3M-$10.6M-$42.8M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001834488-26-000046.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2019: 263.5M Gross profit, FY2019: 206.2M Net income, FY2019: -2.5M Revenue, FY2020: 302.9M Gross profit, FY2020: 239.7M Net income, FY2020: -7.2M Revenue, FY2021: 346.5M Gross profit, FY2021: 294M Net income, FY2021: 113K Revenue, FY2022: 371.8M Gross profit, FY2022: 313.2M Net income, FY2022: 16.7M Revenue, FY2023: 422.2M Gross profit, FY2023: 353.9M Net income, FY2023: 23.8M Revenue, FY2024: 465.6M Gross profit, FY2024: 384.7M Net income, FY2024: 30.7M Revenue, FY2025: 508.8M Gross profit, FY2025: 391.5M Net income, FY2025: -18.8M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $263.5M $302.9M $346.5M $371.8M $422.2M $465.6M $508.8M
Gross profit — $206.2M $239.7M $294.0M $313.2M $353.9M $384.7M $391.5M
Net income — -$2.5M -$7.2M $113.0K $16.7M $23.8M $30.7M -$18.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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CRM Salesforce, Inc. $204.57B 31.9x 9.6%
NOW ServiceNow, Inc. $164.36B 95.2x 20.9%
NET Cloudflare, Inc. $115.42B — 29.8%