NYSE : NABL
N-able, Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 5.18 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 978.53M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
N-able, Inc. (NABL) reported revenue of 533.41M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 533.41M | 511.43M | 466.15M | 421.88M | 371.77M | 346.46M |
| Cost of Revenue | 107.46M | 100.18M | 77.16M | 66.37M | 56.13M | 46.68M |
| Gross Profit | 425.95M | 411.25M | 388.99M | 355.51M | 315.64M | 299.78M |
| Selling, General & Admin | 257.91M | 252.73M | 215.49M | 206.02M | 196.21M | 192.83M |
| Research & Development | 103.26M | 100.71M | 90.71M | 78.18M | 63.48M | 53.96M |
| Amortization of Goodwill & Intangibles | 18.94M | 18.87M | 3.80M | 2.44M | 8.33M | 19.24M |
| Operating Expenses | 380.11M | 372.31M | 310.00M | 286.63M | 268.02M | 266.03M |
| Operating Income | 45.85M | 38.94M | 78.99M | 68.88M | 47.61M | 33.75M |
| Interest Expense | -36.77M | -36.00M | -30.03M | -30.25M | -18.85M | -20.47M |
| Currency Exchange Gain (Loss) | -506.00K | 300.00K | -2.60M | 900.00K | 2.20M | -1.80M |
| Other Non Operating Income (Expenses) | 316.00K | 1.30M | 4.53M | 3.36M | -319.00K | 534.00K |
| EBT Excluding Unusual Items | 8.89M | 4.54M | 50.89M | 42.88M | 30.64M | 12.01M |
| Merger & Restructuring Charges | 7.72M | -2.90M | -300.00K | -422.00K | ||
| Other Unusual Items | -227.00K | -2.15M | 6.28M | 1.44M | 83.00K | |
| Pretax Income | 16.39M | 2.39M | 54.27M | 44.33M | 30.43M | 11.59M |
| Income Tax Expense | 21.49M | 19.42M | 23.31M | 20.91M | 13.72M | 11.48M |
| Net Income | -5.10M | -17.03M | 30.96M | 23.41M | 16.71M | 113.00K |
| Net Income to Common | -5.10M | -17.03M | 30.96M | 23.41M | 16.71M | 113.00K |
| Shares Outstanding (Basic) | 187.60M | 187.82M | 185.28M | 182.37M | 180.14M | 167.46M |
| Shares Outstanding (Diluted) | 187.60M | 187.82M | 188.43M | 185.98M | 181.30M | 168.67M |
| EPS (Basic) | -0.03 | -0.09 | 0.17 | 0.13 | 0.09 | 0.00 |
| EPS (Diluted) | -0.03 | -0.09 | 0.16 | 0.13 | 0.09 | 0.00 |
| Free Cash Flow | 70.77M | 75.06M | 61.87M | 76.31M | 58.58M | 14.68M |
| Free Cash Flow Per Share | 0.38 | 0.40 | 0.33 | 0.41 | 0.32 | 0.09 |
| Gross Margin | 79.86% | 80.41% | 83.45% | 84.27% | 84.90% | 86.53% |
| Operating Margin | 8.60% | 7.61% | 16.95% | 16.33% | 12.81% | 9.74% |
| Profit Margin | -0.96% | -3.33% | 6.64% | 5.55% | 4.49% | 0.03% |
| Free Cash Flow Margin | 13.27% | 14.68% | 13.27% | 18.09% | 15.76% | 4.24% |
| EBITDA | 66.65M | 59.22M | 95.89M | 85.26M | 67.08M | 59.57M |
| EBITDA Margin | 12.50% | 11.58% | 20.57% | 20.21% | 18.04% | 17.19% |
| D&A For EBITDA | 20.80M | 20.28M | 16.91M | 16.38M | 19.46M | 25.82M |
| EBIT | 45.85M | 38.94M | 78.99M | 68.88M | 47.61M | 33.75M |
| EBIT Margin | 8.60% | 7.61% | 16.95% | 16.33% | 12.81% | 9.74% |
| Effective Tax Rate | 131.14% | 812.34% | 42.96% | 47.18% | 45.09% | 99.02% |
| Advertising Expenses | 14.40M | 15.03M | 17.31M | 19.56M | 18.53M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 115.81M | 111.84M | 85.20M | 153.05M | 98.85M | 66.74M |
| Cash & Short-Term Investments | 115.81M | 111.84M | 85.20M | 153.05M | 98.85M | 66.74M |
| Accounts Receivable | 61.76M | 69.87M | 57.70M | 41.14M | 34.80M | 33.04M |
| Other Receivables | 10.50M | 13.24M | 27.72M | 20.12M | 7.81M | 7.25M |
| Receivables | 72.26M | 83.11M | 85.42M | 61.25M | 42.61M | 40.29M |
| Prepaid Expenses | 20.47M | 18.79M | 11.61M | 10.49M | 12.70M | 13.96M |
| Other Current Assets | 3.30M | 2.70M | 1.70M | |||
| Total Current Assets | 211.84M | 216.44M | 183.92M | 224.79M | 154.16M | 120.99M |
| Property, Plant & Equipment | 80.09M | 66.63M | 64.16M | 68.91M | 69.16M | 74.95M |
| Goodwill | 1.01B | 1.02B | 977.01M | 838.50M | 828.79M | 840.92M |
| Other Intangible Assets | 55.25M | 88.99M | 101.95M | 25.02M | 22.57M | 13.17M |
| Long-Term Accounts Receivable | 300.00K | 2.40M | 3.70M | 1.00M | ||
| Long-Term Deferred Tax Assets | 4.01M | 4.41M | 2.03M | 1.09M | 795.00K | 1.68M |
| Long-Term Deferred Charges | 2.10M | 2.30M | 2.00M | |||
| Other Long-Term Assets | 29.79M | 4.44M | 4.08M | 3.49M | 3.38M | 3.99M |
| Total Assets | 1.40B | 1.41B | 1.34B | 1.16B | 1.08B | 1.06B |
| Accounts Payable | 17.66M | 9.00M | 6.29M | 5.24M | 3.54M | 5.87M |
| Accrued Expenses | 42.74M | 55.64M | 49.84M | 47.57M | 32.88M | 31.41M |
| Current Portion of Long-Term Debt | 4.00M | 4.00M | 3.50M | 3.50M | 3.50M | 3.50M |
| Current Portion of Leases | 7.33M | 7.20M | 6.02M | 6.44M | 5.77M | 4.83M |
| Current Income Taxes Payable | 5.67M | 9.80M | 9.73M | 4.52M | 1.63M | 4.60M |
| Current Unearned Revenue | 20.94M | 24.49M | 23.98M | 12.65M | 11.74M | 10.68M |
| Other Current Liabilities | 64.02M | 71.68M | 50.74M | 1.80M | 2.75M | |
| Total Current Liabilities | 162.36M | 181.81M | 150.10M | 81.72M | 61.81M | 60.88M |
| Long-Term Debt | 388.33M | 389.87M | 329.61M | 331.51M | 333.49M | 335.38M |
| Long-Term Leases | 36.86M | 29.28M | 30.07M | 33.06M | 33.11M | 37.82M |
| Long-Term Unearned Revenue | 878.00K | 1.75M | 3.00M | 167.00K | 387.00K | 223.00K |
| Long-Term Deferred Tax Liabilities | 1.72M | 1.85M | 3.45M | 1.82M | 2.78M | 2.63M |
| Other Long-Term Liabilities | 751.00K | 685.00K | 63.34M | 3.15M | 5.20M | 410.00K |
| Total Liabilities | 590.90M | 605.25M | 579.56M | 451.43M | 436.79M | 437.34M |
| Common Stock | 193.00K | 190.00K | 187.00K | 183.00K | 181.00K | 179.00K |
| Additional Paid-In Capital | 763.95M | 746.60M | 708.99M | 666.52M | 632.87M | 603.00M |
| Retained Earnings | 52.82M | 54.17M | 71.20M | 40.25M | 16.83M | 127.00K |
| Treasury Stock | -30.00M | -30.00M | ||||
| Comprehensive Income & Other | 17.67M | 33.69M | -21.09M | 4.41M | -7.82M | 15.05M |
| Shareholders' Equity | 804.63M | 804.65M | 759.29M | 711.36M | 642.07M | 618.36M |
| Total Liabilities & Equity | 1.40B | 1.41B | 1.34B | 1.16B | 1.08B | 1.06B |
| Total Debt | 436.52M | 430.36M | 369.19M | 374.52M | 375.87M | 381.53M |
| Net Cash (Debt) | -320.70M | -318.52M | -284.00M | -221.47M | -277.02M | -314.80M |
| Net Cash Per Share | -1.71 | -1.70 | -1.51 | -1.19 | -1.53 | -1.87 |
| Filing Date Shares Outstanding | 188.91M | 188.38M | 188.95M | 184.76M | 182.03M | 179.84M |
| Total Common Shares Outstanding | 188.91M | 186.68M | 187.53M | 183.22M | 180.85M | 179.05M |
| Working Capital | 49.48M | 34.62M | 33.83M | 143.07M | 92.34M | 60.11M |
| Book Value Per Share | 4.26 | 4.31 | 4.05 | 3.88 | 3.55 | 3.45 |
| Tangible Book Value | -262.76M | -308.63M | -319.68M | -152.15M | -209.30M | -235.73M |
| Tangible Book Value Per Share | -1.39 | -1.65 | -1.70 | -0.83 | -1.16 | -1.32 |
| Machinery | 71.59M | 67.01M | 59.43M | 45.05M | 38.93M | |
| Leasehold Improvements | 22.68M | 23.61M | 22.95M | 21.45M | 21.41M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.10M | -17.03M | 30.96M | 23.41M | 16.71M | 113.00K |
| Depreciation & Amortization | 20.80M | 20.28M | 16.91M | 16.38M | 19.46M | 25.82M |
| Other Amortization | 26.37M | 26.62M | 10.42M | 6.84M | 6.60M | 8.69M |
| Stock-Based Compensation | 43.24M | 46.59M | 45.35M | 43.57M | 36.53M | 29.43M |
| Provision & Write-off of Bad Debts | 2.87M | 3.17M | -285.00K | -159.00K | -323.00K | 2.15M |
| Other Operating Activities | 10.23M | 15.74M | -2.89M | -535.00K | -2.60M | -950.00K |
| Change in Accounts Receivable | -1.50M | -15.25M | -13.56M | -7.95M | -3.66M | -5.57M |
| Change in Accounts Payable | 7.55M | 2.54M | -461.00K | 1.83M | -1.62M | -455.00K |
| Change in Unearned Revenue | -4.97M | -732.00K | 2.26M | 684.00K | 1.36M | 1.25M |
| Change in Income Taxes | -2.32M | 15.12M | -3.40M | -8.60M | -3.65M | -5.84M |
| Change in Other Net Operating Assets | -4.00M | -3.85M | -5.86M | 14.61M | 2.62M | -9.30M |
| Operating Cash Flow | 93.32M | 93.20M | 79.44M | 90.09M | 71.41M | 45.34M |
| Capital Expenditures | -22.56M | -18.14M | -17.57M | -13.78M | -12.83M | -30.66M |
| Cash Acquisitions | -98.69M | -9.20M | ||||
| Sale (Purchase) of Intangibles | -10.57M | -11.12M | -6.16M | -8.56M | -8.18M | -4.17M |
| Other Investing Activities | 299.00K | |||||
| Investing Cash Flow | -33.13M | -28.96M | -122.42M | -22.34M | -30.21M | -34.83M |
| Long-Term Debt Issued | 400.00M | 350.00M | ||||
| Long-Term Debt Repaid | -338.62M | -3.50M | -3.50M | -3.50M | -373.52M | |
| Net Debt Issued (Repaid) | 61.12M | 61.38M | -3.50M | -3.50M | -3.50M | -23.52M |
| Issuance of Common Stock | 2.24M | 2.36M | 2.39M | 1.75M | 1.42M | 225.02M |
| Repurchase of Common Stock | -28.81M | -43.21M | -20.49M | -11.98M | -8.32M | -2.23M |
| Other Financing Activities | -68.63M | -61.15M | -1.00M | -1.45M | -241.59M | |
| Financing Cash Flow | -34.08M | -40.62M | -22.59M | -15.17M | -10.40M | -42.32M |
| Foreign Exchange Rate Adjustments | -4.18M | 3.02M | -2.27M | 1.62M | 1.31M | -1.24M |
| Net Cash Flow | 21.94M | 26.64M | -67.85M | 54.20M | 32.11M | -33.05M |
| Free Cash Flow | 70.77M | 75.06M | 61.87M | 76.31M | 58.58M | 14.68M |
| Free Cash Flow Margin | 13.27% | 14.68% | 13.27% | 18.09% | 15.76% | 4.24% |
| Free Cash Flow Per Share | 0.38 | 0.40 | 0.33 | 0.41 | 0.32 | 0.09 |
| Levered Free Cash Flow | 70.06M | 90.23M | 121.37M | 71.39M | 58.49M | 19.66M |
| Unlevered Free Cash Flow | 90.53M | 109.88M | 138.54M | 88.70M | 68.65M | 31.72M |
| Cash Interest Paid | 25.67M | 24.97M | 28.69M | 28.44M | 15.57M | 20.39M |
| Cash Income Tax Paid | 25.77M | 18.06M | 12.77M | 14.93M | 16.30M | 19.03M |
| Change in Working Capital | -5.24M | -2.17M | -21.02M | 577.00K | -4.96M | -19.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 955.86M | 1.39B | 1.73B | 2.42B | 1.86B | 1.99B |
| Enterprise Value | 1.28B | 1.66B | 1.93B | 2.67B | 2.15B | 2.32B |
| Last Close Price | 5.18 | 7.48 | 9.34 | 13.25 | 10.28 | 11.10 |
| PE Ratio | 56.04 | 103.53 | 111.18 | 17,580.45 | ||
| Forward PE | 12.03 | 16.17 | 25.87 | 37.14 | 34.72 | 29.18 |
| PS Ratio | 1.79 | 2.73 | 3.72 | 5.75 | 5.00 | 5.73 |
| PB Ratio | 1.22 | 1.73 | 2.29 | 3.41 | 2.89 | 3.21 |
| P/FCF Ratio | 13.51 | 18.57 | 28.04 | 31.76 | 31.71 | 135.35 |
| P/OCF Ratio | 10.24 | 14.95 | 21.84 | 26.90 | 26.01 | 43.81 |
| PEG Ratio | 1.96 | 1.96 | 1.96 | 1.96 | 2.16 | |
| EV/Sales Ratio | 2.39 | 3.25 | 4.14 | 6.33 | 5.78 | 6.68 |
| EV/EBITDA Ratio | 19.15 | 28.05 | 20.15 | 31.30 | 32.01 | 38.88 |
| EV/EBIT Ratio | 27.84 | 42.67 | 24.46 | 38.74 | 45.09 | 68.61 |
| EV/FCF Ratio | 18.04 | 22.13 | 31.23 | 34.97 | 36.65 | 157.79 |
| Debt / Equity Ratio | 0.54 | 0.54 | 0.49 | 0.53 | 0.58 | 0.62 |
| Debt / EBITDA Ratio | 5.84 | 6.39 | 3.53 | 4.03 | 4.97 | 5.73 |
| Debt / FCF Ratio | 6.17 | 5.73 | 5.97 | 4.91 | 6.42 | 26.00 |
| Net Debt / Equity Ratio | 0.40 | 0.40 | 0.37 | 0.31 | 0.43 | 0.51 |
| Net Debt / EBITDA Ratio | 4.81 | 5.38 | 2.96 | 2.60 | 4.13 | 5.29 |
| Net Debt / FCF Ratio | 4.53 | 4.24 | 4.59 | 2.90 | 4.73 | 21.45 |
| Asset Turnover | 0.38 | 0.37 | 0.37 | 0.38 | 0.35 | 0.32 |
| Quick Ratio | 1.16 | 1.07 | 1.14 | 2.62 | 2.29 | 1.76 |
| Current Ratio | 1.30 | 1.19 | 1.23 | 2.75 | 2.49 | 1.99 |
| Return on Equity (ROE) | -0.63% | -2.18% | 4.21% | 3.46% | 2.65% | 0.02% |
| Return on Assets (ROA) | 2.06% | 1.77% | 3.95% | 3.84% | 2.79% | 1.98% |
| Return on Invested Capital (ROIC) | -1.27% | -25.61% | 4.56% | 3.93% | 2.82% | 0.03% |
| Return on Capital Employed (ROCE) | 3.70% | 3.20% | 6.60% | 6.40% | 4.70% | 3.40% |
| Earnings Yield | -0.58% | -1.22% | 1.78% | 0.97% | 0.90% | 0.01% |
| FCF Yield | 7.40% | 5.39% | 3.57% | 3.15% | 3.15% | 0.74% |
| Buyback Yield / Dilution | 0.69% | 0.32% | -1.31% | -2.58% | -7.49% | -6.67% |