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N-able, Inc. provides unified endpoint management, security operations, and data protection solutions worldwide. The company's solutions enable IT service providers and organizations to drive digital transformation and keep their businesses secure. It also offers a software platform designed to be an integrated enterprise-grade solution that serves as an operating system. In addition, the company offers remote monitoring and management solutions that provide visibility and insights into the availability and performance of their customers' networks, infrastructure, devices, and applications through a centralized dashboard; and data protection as-a-service solutions, such as backup and disaster recovery for servers, virtual machines, workstations, files, data, and key cloud-based applications, as well as multi-tenant platform and secure remote delivery architecture. Further, it offers security services through endpoint security, managed detection and response, extended detection and response, web protection, e-mail security, and archiving solutions. Additionally, the company engages in the professional services automation, automation and scripting management, password management policies, and reporting and analytics activities. The company was incorporated in 2020 and is headquartered in Burlington, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $511M | $82M | $-17M | $64M | -2.1% | 9.7% | -155.0% |
| 2024 | $466M | $110M | $31M | $56M | 4.1% | 10.5% | 32.2% |
| 2023 | $422M | $96M | $23M | $68M | 3.3% | 13.5% | 40.1% |
| 2022 | $372M | $74M | $17M | $50M | 2.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 371.77 | 421.88 | 466.15 | 511.43 |
| Operating Revenue | - | 362.61 | 412.07 | 458.96 | 506.25 |
| Cost Of Revenue | - | 58.61 | 68.21 | 80.68 | 117.05 |
| Gross Profit | - | 313.16 | 353.67 | 385.47 | 394.38 |
| Operating Expense | - | 265.76 | 283.35 | 303.10 | 357.59 |
| Research And Development | - | 63.48 | 78.18 | 90.71 | 100.71 |
| Selling General And Administration | - | 196.43 | 204.58 | 212.11 | 254.88 |
| Total Expenses | - | 324.37 | 351.56 | 383.78 | 474.64 |
| Operating Income | - | 47.40 | 70.32 | 82.37 | 36.79 |
| Total Operating Income As Reported | - | 47.40 | 70.32 | 82.37 | 36.79 |
| EBITDA | - | 73.72 | 96.20 | 110.03 | 82.44 |
| Normalized EBITDA | - | 73.72 | 96.20 | 110.03 | 82.44 |
| EBIT | - | 49.28 | 74.58 | 84.30 | 38.39 |
| Interest Expense | - | 18.85 | 30.25 | 30.03 | 36 |
| Net Interest Income | - | -18.85 | -30.25 | -30.03 | -36 |
| Other Non Operating Income Expenses | - | 1.88 | 4.26 | 1.93 | 1.60 |
| Other Income Expense | - | 1.88 | 4.26 | 1.93 | 1.60 |
| Interest Expense Non Operating | - | 18.85 | 30.25 | 30.03 | 36 |
| Net Non Operating Interest Income Expense | - | -18.85 | -30.25 | -30.03 | -36 |
| Pretax Income | - | 30.42 | 44.33 | 54.27 | 2.39 |
| Tax Provision | - | 13.72 | 20.91 | 23.31 | 19.42 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Net Income From Continuing And Discontinued Operation | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Net Income From Continuing Operation Net Minority Interest | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Net Income | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Net Income Common Stockholders | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Net Income Including Noncontrolling Interests | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Normalized Income | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Diluted NI Availto Com Stockholders | - | 16.71 | 23.41 | 30.96 | -17.03 |
| Basic Average Shares | - | 180.14 | 182.37 | 185.28 | 187.82 |
| Diluted Average Shares | - | 181.30 | 185.98 | 188.43 | 187.82 |
| Reconciled Depreciation | - | 24.44 | 21.62 | 25.72 | 44.06 |
| Reconciled Cost Of Revenue | - | 40.02 | 47.18 | 55.23 | 74.99 |
| Depreciation Amortization Depletion Income Statement | - | 5.85 | 0.60 | 0.28 | 2 |
| Depreciation And Amortization In Income Statement | - | 5.85 | 0.60 | 0.28 | 2 |
| General And Administrative Expense | - | 71.12 | 69.89 | 76.51 | 91.72 |
| Other Gand A | - | 71.12 | 69.89 | 76.51 | 91.72 |
| Selling And Marketing Expense | - | 125.30 | 134.69 | 135.59 | 163.16 |
| Amortization | - | 5.85 | 0.60 | 0.28 | 2 |
| Amortization Of Intangibles Income Statement | - | 5.85 | 0.60 | 0.28 | 2 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| N-able, Inc.this co. | NABL | $723M | - | 0.90 | -2.1% | 12.64 |
| Ibotta, Inc. | IBTA | $764M | 213.61 | 2.65 | 1.2% | 80.56 |
| Red Violet, Inc. | RDVT | $763M | 58.01 | 7.56 | 13.0% | 30.34 |
| PagerDuty, Inc. | PD | $733M | 4.21 | 2.89 | 68.6% | 17.07 |
| Sabre Corporation | SABR | $731M | 1.39 | -0.70 | -49.9% |
| - |
| - |
| - |
| - |
| 13.78 |
| Daily Journal Corporation | DJCO | $728M | 6.49 | 1.86 | 28.7% | 4.81 |
| Mitek Systems, Inc. | MITK | $719M | 81.70 | 2.99 | 3.7% | 18.48 |
| Frequency Electronics, Inc. | FEIM | $713M | 30.09 | 12.81 | 42.6% | 50.11 |
| NETGEAR, Inc. | NTGR | $691M | -38.55 | 1.39 | -3.6% | -29.25 |
| Peer Median | - | 18.29 | 2.77 | 8.3% | 17.77 | |