N-able (NABL) Financials

$4.74 -0.42 (-8.06%)

Closing price 05/8/2026 03:58 PM Eastern

Extended Trading

$4.74 +0.00 (+0.02%)

As of 05/8/2026 06:31 PM Eastern

Annual Income Statements for N-able

This table shows N-able's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-2.51	-7.16	0.11	17	23	31	-17
Consolidated Net Income / (Loss)	-2.51	-7.16	0.11	17	23	31	-17
Net Income / (Loss) Continuing Operations	-2.51	-7.16	0.11	17	23	31	-17
Total Pre-Tax Income	3.19	4.86	12	30	44	54	2.39
Total Operating Income	37	34	33	47	70	82	37
Total Gross Profit	206	240	294	313	354	385	394
Total Revenue	264	303	346	372	422	466	511
Operating Revenue	264	303	346	372	422	466	511
Total Cost of Revenue	57	63	52	59	68	81	117
Operating Cost of Revenue	57	63	52	59	68	81	117
Total Operating Expenses	170	206	261	266	283	303	358
Selling, General & Admin Expense	39	57	81	71	70	77	92
Marketing Expense	70	82	113	125	135	136	163
Research & Development Expense	37	43	54	63	78	91	101
Amortization Expense	23	24	13	5.85	0.60	0.28	2.00
Total Other Income / (Expense), net	-33	-29	-22	-17	-26	-28	-34
Interest & Investment Income	-34	-28	-20	-19	-30	-30	-36
Other Income / (Expense), net	0.39	-0.77	-1.27	1.88	4.26	1.93	1.60
Income Tax Expense	5.71	12	11	14	21	23	19
Basic Earnings per Share	($0.02)	($0.05)	$0.00	$0.09	$0.13	$0.17	($0.09)
Weighted Average Basic Shares Outstanding	158.12M	158.12M	167.46M	180.14M	182.37M	185.28M	187.82M
Diluted Earnings per Share	($0.02)	($0.05)	$0.00	$0.09	$0.13	$0.16	($0.09)
Weighted Average Diluted Shares Outstanding	158.12M	158.12M	168.67M	181.30M	185.98M	188.43M	187.82M
Weighted Average Basic & Diluted Shares Outstanding	-	-	179.84M	182.03M	184.76M	188.95M	188.38M

This table shows N-able's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	6.01	9.35	7.46	9.46	11	3.29	-7.16	-4.02	1.38	-7.23	-0.62
Consolidated Net Income / (Loss)	6.01	9.35	7.46	9.46	11	3.29	-7.16	-4.02	1.38	-7.23	-0.62
Net Income / (Loss) Continuing Operations	6.01	9.35	7.46	9.46	11	3.29	-7.16	-4.02	1.38	-7.23	-0.62
Total Pre-Tax Income	10	17	13	16	19	6.96	-3.86	1.18	7.76	-2.69	4.19
Total Operating Income	18	22	20	22	24	16	1.82	10	12	13	12
Total Gross Profit	90	91	95	100	97	93	91	103	102	99	102
Total Revenue	108	108	114	119	116	117	118	131	132	130	134
Operating Revenue	108	108	114	119	116	117	118	131	132	130	134
Total Cost of Revenue	17	18	18	19	20	23	28	29	30	31	32
Operating Cost of Revenue	17	18	18	19	20	23	28	29	30	31	32
Total Operating Expenses	72	69	75	78	73	77	89	92	90	86	89
Selling, General & Admin Expense	18	16	17	23	17	19	24	23	24	20	20
Marketing Expense	34	34	36	33	32	35	40	42	40	40	43
Research & Development Expense	20	19	22	22	23	23	24	26	25	25	26
Amortization Expense	0.01	0.01	0.01	0.02	0.02	0.23	0.50	0.50	0.50	0.50	0.50
Total Other Income / (Expense), net	-8.23	-5.03	-7.34	-6.46	-5.27	-9.03	-5.69	-8.94	-3.84	-16	-8.27
Interest & Investment Income	-7.80	-7.72	-7.62	-7.61	-7.54	-7.27	-7.07	-8.09	-8.63	-12	-7.59
Other Income / (Expense), net	-0.42	2.69	0.29	1.14	2.27	-1.77	1.39	-0.85	4.79	-3.73	-0.68
Income Tax Expense	4.11	7.43	5.70	6.06	7.89	3.67	3.30	5.20	6.38	4.54	4.80
Basic Earnings per Share	$0.03	$0.06	$0.04	$0.05	$0.06	$0.02	($0.04)	($0.02)	$0.01	($0.04)	$0.00
Weighted Average Basic Shares Outstanding	182.71M	182.37M	184.02M	185.00M	185.51M	185.28M	188.23M	188.82M	187.60M	187.82M	187.55M
Diluted Earnings per Share	$0.03	$0.06	$0.04	$0.05	$0.06	$0.01	($0.04)	($0.02)	$0.01	($0.04)	$0.00
Weighted Average Diluted Shares Outstanding	186.22M	185.98M	187.17M	187.27M	188.07M	188.43M	188.23M	188.82M	188.42M	187.82M	187.55M
Weighted Average Basic & Diluted Shares Outstanding	182.93M	184.76M	184.76M	185.28M	185.76M	188.95M	189.06M	187.10M	186.33M	188.38M	188.38M

This table details how cash moves in and out of N-able's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-39	60	-33	32	54	-68	27
Net Cash From Operating Activities	26	86	45	71	90	79	93
Net Cash From Continuing Operating Activities	26	86	45	71	90	79	93
Net Income / (Loss) Continuing Operations	-2.51	-7.16	0.11	17	23	31	-17
Consolidated Net Income / (Loss)	-2.51	-7.16	0.11	17	23	31	-17
Depreciation Expense	54	56	34	24	22	26	44
Amortization Expense	0.00	0.00	0.73	1.62	1.60	1.60	2.84
Non-Cash Adjustments To Reconcile Net Income	6.05	30	24	33	42	38	45
Changes in Operating Assets and Liabilities, net	-32	5.98	-14	-4.66	1.91	-16	18
Net Cash From Investing Activities	-23	-16	-35	-30	-22	-122	-29
Net Cash From Continuing Investing Activities	-23	-16	-35	-30	-22	-122	-29
Purchase of Property, Plant & Equipment	-5.79	-12	-31	-13	-14	-18	-18
Acquisitions	-17	-4.22	-4.17	-17	-8.56	-105	-11
Other Investing Activities, net	-	-	-	-	0.00	0.00	0.30
Net Cash From Financing Activities	-43	-11	-42	-10	-15	-23	-41
Net Cash From Continuing Financing Activities	-43	-11	-42	-10	-15	-23	-41
Repayment of Debt	-43	-11	-390	-3.50	-3.50	-3.50	-343
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-30
Issuance of Debt	0.00	0.00	350	-	0.00	0.00	400
Issuance of Common Equity	0.00	0.00	216	1.32	1.68	2.38	2.36
Other Financing Activities, net	0.00	0.00	-218	-8.22	-13	-21	-70
Effect of Exchange Rate Changes	1.79	1.48	-1.24	1.31	1.62	-2.27	3.02
Cash Interest Paid	53	27	20	16	28	29	25
Cash Income Taxes Paid	8.94	14	19	16	15	13	18

This table details how cash moves in and out of N-able's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	18	26	-14	18	17	-89	8.89	-0.22	7.56	10	5.98
Net Cash From Operating Activities	28	31	4.18	27	22	26	20	24	24	25	17
Net Cash From Continuing Operating Activities	28	31	4.18	27	22	26	20	24	24	25	17
Net Income / (Loss) Continuing Operations	6.01	9.35	7.46	9.46	11	3.29	-7.16	-4.02	1.38	-7.23	-0.62
Consolidated Net Income / (Loss)	6.01	9.35	7.46	9.46	11	3.29	-7.16	-4.02	1.38	-7.23	-0.62
Depreciation Expense	5.33	5.48	5.82	5.90	6.05	7.95	10	11	11	12	11
Amortization Expense	0.41	0.40	0.40	0.40	0.40	0.40	0.39	0.39	0.40	1.66	0.23
Non-Cash Adjustments To Reconcile Net Income	12	7.53	8.73	12	-3.20	16	13	9.94	2.51	20	17
Changes in Operating Assets and Liabilities, net	3.44	8.46	-18	-0.92	7.97	-1.55	2.86	7.01	8.63	-0.46	-11
Net Cash From Investing Activities	-5.52	-5.17	-5.13	-5.15	-5.31	-107	-6.08	-6.50	-9.43	-6.96	-4.24
Net Cash From Continuing Investing Activities	-5.52	-5.17	-5.13	-5.15	-5.31	-107	-6.08	-6.50	-9.43	-6.96	-4.24
Purchase of Property, Plant & Equipment	-3.52	-3.29	-3.44	-3.24	-3.74	-7.15	-3.29	-3.79	-6.58	-4.48	-1.69
Acquisitions	-2.01	-1.88	-1.69	-1.90	-1.57	-100	-2.79	-3.01	-2.85	-2.48	-2.55
Net Cash From Financing Activities	-2.76	-3.22	-12	-4.97	-2.52	-3.20	-7.29	-18	-12	-3.49	-4.42
Net Cash From Continuing Financing Activities	-2.76	-3.22	-12	-4.97	-2.52	-3.20	-7.29	-18	-12	-3.49	-4.42
Repayment of Debt	-0.88	-0.88	-0.88	-0.88	-0.88	-0.88	-0.88	-0.88	-0.88	-340	-1.00
Issuance of Common Equity	0.91	-	1.20	-	1.18	-	1.30	-	1.06	-	1.18
Other Financing Activities, net	-2.79	-2.35	-12	-4.09	-2.82	-2.32	-7.71	-7.42	-1.74	-53	-4.60
Effect of Exchange Rate Changes	-0.99	2.79	-0.96	1.11	2.78	-5.20	2.58	0.39	4.54	-4.48	-2.83
Cash Interest Paid	7.42	7.32	7.27	7.29	7.20	6.93	6.45	6.26	6.26	6.01	6.86
Cash Income Taxes Paid	1.16	3.89	1.78	4.24	2.15	4.61	2.16	3.74	5.66	6.51	5.59

This table presents N-able's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,080	1,056	1,079	1,163	1,339	1,410
Total Current Assets	136	121	154	225	184	216
Cash & Equivalents	100	67	99	153	85	112
Accounts Receivable	29	33	35	40	45	50
Prepaid Expenses	5.58	14	13	10	13	21
Current Deferred & Refundable Income Taxes	1.26	7.25	7.81	8.00	3.56	3.43
Other Current Assets	-	-	-	13	37	29
Plant, Property, & Equipment, net	20	39	37	37	36	38
Total Noncurrent Assets	924	896	887	901	1,119	1,156
Goodwill	874	841	829	838	977	1,024
Intangible Assets	27	8.07	8.87	6.72	83	65
Noncurrent Deferred & Refundable Income Taxes	2.98	1.68	0.80	1.09	2.03	4.41
Other Noncurrent Operating Assets	20	45	49	55	57	62
Total Liabilities & Shareholders' Equity	1,080	1,056	1,079	1,163	1,339	1,410
Total Liabilities	449	437	437	451	580	605
Total Current Liabilities	55	61	62	82	150	182
Short-Term Debt	0.00	3.50	3.50	3.50	3.50	4.00
Accounts Payable	5.54	5.87	3.54	5.24	6.29	9.00
Accrued Expenses	22	31	36	49	51	56
Current Deferred Revenue	9.50	11	12	13	24	24
Current Deferred & Payable Income Tax Liabilities	4.45	4.60	1.63	4.52	9.73	9.80
Other Current Liabilities	11	5.29	5.77	6.44	56	79
Total Noncurrent Liabilities	394	376	375	370	429	423
Long-Term Debt	0.00	335	333	332	330	390
Noncurrent Deferred Revenue	0.17	0.22	0.39	0.17	3.00	1.75
Noncurrent Deferred & Payable Income Tax Liabilities	5.85	2.63	2.78	1.82	3.45	1.85
Other Noncurrent Operating Liabilities	388	38	38	36	93	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	631	618	642	711	759	805
Total Preferred & Common Equity	631	618	642	711	759	805
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	631	618	642	711	759	805
Common Stock	0.00	603	633	667	709	747
Retained Earnings	0.00	0.13	17	40	71	54
Treasury Stock	-	-	-	-	0.00	-30
Accumulated Other Comprehensive Income / (Loss)	49	15	-7.82	4.41	-21	34
Other Equity Adjustments	582	-	-	-	-	0.00

This table presents N-able's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,031	1,093	1,113	1,123	1,150	1,175	1,223	1,352	1,386	1,398	1,395
Total Current Assets	144	163	184	204	222	252	282	184	187	200	211
Cash & Equivalents	88	98	109	127	139	158	174	94	94	101	118
Accounts Receivable	32	36	40	39	40	37	40	45	48	45	46
Prepaid Expenses	14	15	19	21	33	26	15	20	18	20	24
Current Deferred & Refundable Income Taxes	9.97	14	16	17	10	12	15	3.68	3.88	3.86	3.17
Other Current Assets	-	-	-	-	-	19	38	22	24	30	20
Plant, Property, & Equipment, net	37	37	38	36	35	35	35	36	37	39	38
Total Noncurrent Assets	851	893	891	882	892	888	907	1,133	1,163	1,159	1,147
Goodwill	796	833	832	822	830	827	844	991	1,023	1,024	1,015
Intangible Assets	9.99	8.00	7.50	6.85	6.14	5.62	5.38	79	74	70	60
Noncurrent Deferred & Refundable Income Taxes	1.71	1.57	1.57	1.53	1.04	1.03	1.07	2.09	2.23	2.22	4.26
Other Noncurrent Operating Assets	43	50	50	52	55	54	56	61	63	63	68
Total Liabilities & Shareholders' Equity	1,031	1,093	1,113	1,123	1,150	1,175	1,223	1,352	1,386	1,398	1,395
Total Liabilities	437	436	444	448	441	450	459	577	577	585	596
Total Current Liabilities	59	64	74	80	74	85	94	154	151	158	167
Short-Term Debt	3.50	3.50	3.50	3.50	3.50	3.50	3.50	3.50	3.50	3.50	4.00
Accounts Payable	2.80	3.14	5.60	3.61	4.03	6.22	6.53	3.69	7.56	7.97	14
Accrued Expenses	34	32	40	44	36	45	46	46	45	50	40
Current Deferred Revenue	11	12	12	12	13	11	11	23	21	17	21
Current Deferred & Payable Income Tax Liabilities	2.61	6.82	7.66	11	11	14	20	10	9.02	10	9.72
Other Current Liabilities	5.76	5.68	5.82	5.79	6.31	5.94	6.12	68	66	70	79
Total Noncurrent Liabilities	378	373	371	368	367	365	365	423	425	426	429
Long-Term Debt	334	333	332	332	331	331	330	329	329	328	389
Noncurrent Deferred Revenue	0.28	0.23	0.17	0.16	0.22	0.19	0.24	3.46	2.75	4.25	1.36
Noncurrent Deferred & Payable Income Tax Liabilities	5.22	1.98	1.99	1.92	1.78	1.77	1.89	3.49	3.61	3.61	1.72
Other Noncurrent Operating Liabilities	38	37	36	34	34	33	33	87	91	90	37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	594	656	669	675	709	724	765	775	809	813	799
Total Preferred & Common Equity	594	656	669	675	709	724	765	775	809	813	799
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	594	656	669	675	709	724	765	775	809	813	799
Common Stock	626	638	647	658	667	676	686	716	727	738	755
Retained Earnings	9.85	20	25	31	48	57	68	64	60	61	54
Treasury Stock	-	-	-	-	-	-	-	-	-10	-20	-30
Accumulated Other Comprehensive Income / (Loss)	-42	-2.11	-3.35	-14	-5.99	-9.02	11	-4.67	33	34	21
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-	0.00

This table displays calculated financial ratios and metrics derived from N-able's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	14.93%	14.39%	7.31%	13.48%	10.49%	9.71%
EBITDA Growth	0.00%	-1.86%	-25.58%	13.18%	29.81%	14.13%	-23.59%
EBIT Growth	0.00%	-10.82%	-2.82%	53.68%	51.34%	13.04%	-54.46%
NOPAT Growth	0.00%	-72.80%	100.65%	7,910.40%	42.71%	26.51%	-657.73%
Net Income Growth	0.00%	-184.95%	101.58%	14,684.96%	40.13%	32.23%	-155.02%
EPS Growth	0.00%	-150.00%	100.00%	0.00%	44.44%	23.08%	-156.25%
Operating Cash Flow Growth	0.00%	235.42%	-47.07%	57.50%	26.15%	-11.82%	17.33%
Free Cash Flow Firm Growth	0.00%	0.00%	38.96%	110.19%	-33.82%	-378.34%	-410.63%
Invested Capital Growth	0.00%	0.00%	66.80%	-1.16%	1.49%	12.75%	7.89%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.71%	3.09%	1.77%	2.77%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	7.88%	7.78%	-6.54%	0.36%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	19.53%	11.60%	-10.86%	-10.93%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	27.56%	6.48%	-7.75%	-1,125.25%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	41.85%	11.24%	-16.37%	-161.59%
EPS Q/Q Growth	0.00%	0.00%	0.00%	28.57%	18.18%	-23.81%	-125.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	7.16%	-1.09%	16.59%	-6.18%	-0.69%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	703.02%	-798.48%	-142.39%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	4.31%	1.20%	8.99%	4.13%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	78.25%	79.14%	84.87%	84.23%	83.83%	82.69%	77.11%
EBITDA Margin	34.58%	29.53%	19.21%	20.27%	23.18%	23.95%	16.68%
Operating Margin	13.89%	11.15%	9.62%	12.75%	16.67%	17.67%	7.19%
EBIT Margin	14.04%	10.89%	9.25%	13.25%	17.68%	18.08%	7.51%
Profit (Net Income) Margin	-0.95%	-2.36%	0.03%	4.49%	5.55%	6.64%	-3.33%
Tax Burden Percent	-78.67%	-147.41%	0.97%	54.91%	52.82%	57.04%	-712.34%
Interest Burden Percent	8.63%	14.72%	36.15%	61.74%	59.44%	64.38%	6.23%
Effective Tax Rate	178.67%	247.41%	99.03%	45.09%	47.18%	42.96%	812.34%
Return on Invested Capital (ROIC)	0.00%	-18.65%	0.05%	2.94%	4.19%	4.94%	-25.03%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-106.23%	-0.20%	-0.71%	-2.35%	-2.51%	67.44%
Return on Net Nonoperating Assets (RNNOA)	0.00%	16.38%	-0.03%	-0.29%	-0.73%	-0.73%	22.85%
Return on Equity (ROE)	0.00%	-2.27%	0.02%	2.65%	3.46%	4.21%	-2.18%
Cash Return on Invested Capital (CROIC)	0.00%	-218.65%	-50.03%	4.10%	2.71%	-7.04%	-32.62%
Operating Return on Assets (OROA)	0.00%	3.06%	3.00%	4.62%	6.65%	6.74%	2.79%
Return on Assets (ROA)	0.00%	-0.66%	0.01%	1.57%	2.09%	2.48%	-1.24%
Return on Common Equity (ROCE)	0.00%	-2.27%	0.02%	2.65%	3.46%	4.21%	-2.18%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-1.13%	0.02%	2.60%	3.29%	4.08%	0.00%
Net Operating Profit after Tax (NOPAT)	-29	-50	0.32	26	37	47	-262
NOPAT Margin	-10.93%	-16.43%	0.09%	7.00%	8.80%	10.08%	-51.24%
Net Nonoperating Expense Percent (NNEP)	0.00%	87.58%	0.24%	3.65%	6.54%	7.46%	-92.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	2.66%	3.55%	4.30%	-21.87%
Cost of Revenue to Revenue	21.75%	20.86%	15.13%	15.77%	16.17%	17.31%	22.89%
SG&A Expenses to Revenue	14.79%	18.93%	23.26%	19.13%	16.57%	16.41%	17.93%
R&D to Revenue	14.11%	14.10%	15.57%	17.08%	18.53%	19.46%	19.69%
Operating Expenses to Revenue	64.35%	67.99%	75.25%	71.49%	67.16%	65.02%	69.92%
Earnings before Interest and Taxes (EBIT)	37	33	32	49	75	84	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	91	89	67	75	98	112	85
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	3.21	2.89	3.41	2.29	1.73
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	5.73	5.00	5.75	3.72	2.73
Price to Earnings (P/E)	0.00	0.00	17,580.45	111.18	103.53	56.04	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.01%	0.90%	0.97%	1.78%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.54	2.38	2.92	1.97	1.54
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	6.52	5.64	6.18	4.25	3.28
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	33.93	27.82	26.64	17.76	19.65
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	70.44	42.53	34.94	23.52	43.65
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	6,952.00	80.52	70.16	42.20	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	49.82	29.34	28.92	24.96	17.98
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	57.71	108.43	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.55	0.52	0.47	0.44	0.49
Long-Term Debt to Equity	0.00	0.00	0.54	0.52	0.47	0.43	0.48
Financial Leverage	0.00	-0.15	0.14	0.40	0.31	0.29	0.34
Leverage Ratio	0.00	1.71	1.71	1.69	1.66	1.70	1.76
Compound Leverage Factor	0.00	0.25	0.62	1.05	0.98	1.10	0.11
Debt to Total Capital	0.00%	0.00%	35.40%	34.42%	32.02%	30.49%	32.86%
Short-Term Debt to Total Capital	0.00%	0.00%	0.37%	0.36%	0.33%	0.32%	0.33%
Long-Term Debt to Total Capital	0.00%	0.00%	35.04%	34.06%	31.68%	30.17%	32.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	64.60%	65.58%	67.98%	69.51%	67.14%
Debt to EBITDA	0.00	0.00	5.09	4.47	3.43	2.98	4.62
Net Debt to EBITDA	0.00	0.00	4.09	3.16	1.86	2.22	3.31
Long-Term Debt to EBITDA	0.00	0.00	5.04	4.43	3.39	2.95	4.57
Debt to NOPAT	0.00	0.00	1,043.01	12.95	9.02	7.09	-1.50
Net Debt to NOPAT	0.00	0.00	837.61	9.15	4.90	5.28	-1.08
Long-Term Debt to NOPAT	0.00	0.00	1,032.24	12.81	8.93	7.01	-1.49
Altman Z-Score	0.00	0.00	3.22	3.17	3.99	2.46	1.92
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	2.48	1.99	2.49	2.75	1.23	1.19
Quick Ratio	0.00	2.35	1.64	2.16	2.36	0.87	0.89
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-584	-356	36	24	-67	-342
Operating Cash Flow to CapEx	440.88%	718.73%	147.86%	556.44%	653.77%	452.12%	513.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.28	0.32	0.35	0.38	0.37	0.37
Accounts Receivable Turnover	0.00	10.41	11.15	10.96	11.28	10.98	10.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	15.46	11.88	9.76	11.37	12.77	13.80
Accounts Payable Turnover	0.00	11.40	9.19	12.46	15.53	14.00	15.31
Days Sales Outstanding (DSO)	0.00	35.05	32.73	33.30	32.36	33.25	33.99
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	32.02	39.70	29.30	23.50	26.08	23.84
Cash Conversion Cycle (CCC)	0.00	3.03	-6.98	4.00	8.86	7.17	10.15
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	534	890	880	893	1,007	1,087
Invested Capital Turnover	0.00	1.13	0.49	0.42	0.48	0.49	0.49
Increase / (Decrease) in Invested Capital	0.00	534	357	-10	13	114	79
Enterprise Value (EV)	0.00	0.00	2,259	2,096	2,606	1,983	1,676
Market Capitalization	0.00	0.00	1,987	1,857	2,424	1,735	1,394
Book Value per Share	$0.00	$3.99	$3.46	$3.55	$3.89	$4.09	$4.32
Tangible Book Value per Share	$0.00	($1.71)	($1.29)	($1.08)	($0.73)	($1.62)	($1.53)
Total Capital	0.00	631	957	979	1,046	1,092	1,199
Total Debt	0.00	0.00	339	337	335	333	394
Total Long-Term Debt	0.00	0.00	335	333	332	330	390
Net Debt	0.00	-100	272	238	182	248	282
Capital Expenditures (CapEx)	5.79	12	31	13	14	18	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-19	-3.13	-3.01	-6.47	-48	-73
Debt-free Net Working Capital (DFNWC)	0.00	81	64	96	147	37	39
Net Working Capital (NWC)	0.00	81	60	92	143	34	35
Net Nonoperating Expense (NNE)	-26	-43	0.21	9.32	14	16	-245
Net Nonoperating Obligations (NNO)	0.00	-97	272	238	182	248	282
Total Depreciation and Amortization (D&A)	54	56	35	26	23	27	47
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-6.24%	-0.90%	-0.81%	-1.53%	-10.27%	-14.32%
Debt-free Net Working Capital to Revenue	0.00%	26.71%	18.36%	25.78%	34.74%	8.01%	7.55%
Net Working Capital to Revenue	0.00%	26.71%	17.35%	24.84%	33.91%	7.26%	6.77%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.09	$0.13	$0.17	($0.09)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	167.46M	180.14M	182.37M	185.28M	187.82M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.09	$0.13	$0.16	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	168.67M	181.30M	185.98M	188.43M	187.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	179.84M	182.03M	184.76M	188.95M	188.38M
Normalized Net Operating Profit after Tax (NOPAT)	26	24	23	26	37	47	26
Normalized NOPAT Margin	9.73%	7.80%	6.73%	7.00%	8.80%	10.08%	5.04%
Pre Tax Income Margin	1.21%	1.60%	3.35%	8.18%	10.51%	11.64%	0.47%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-176.36%

This table displays calculated financial ratios and metrics derived from N-able's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	188,376,316.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	188,376,316.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.01%	13.22%	13.96%	12.60%	8.25%	7.47%	3.91%	9.88%	13.11%	11.81%	13.10%
EBITDA Growth	44.55%	30.27%	26.30%	31.46%	37.91%	-25.71%	-48.08%	-30.24%	-14.59%	1.34%	66.64%
EBIT Growth	80.59%	46.27%	35.68%	37.31%	46.02%	-41.93%	-84.55%	-59.92%	-37.38%	-33.10%	266.91%
NOPAT Growth	1,430.17%	25.96%	85.85%	74.62%	26.59%	-37.78%	-89.01%	-358.02%	-85.02%	22.59%	-243.37%
Net Income Growth	1,945.24%	33.87%	110.68%	109.69%	78.90%	-64.82%	-196.06%	-142.54%	-87.14%	-319.79%	91.41%
EPS Growth	0.00%	50.00%	100.00%	150.00%	100.00%	-83.33%	-200.00%	-140.00%	-83.33%	-500.00%	100.00%
Operating Cash Flow Growth	60.44%	69.69%	-60.64%	31.61%	-20.07%	-16.76%	370.29%	-11.33%	9.15%	-2.50%	-11.21%
Free Cash Flow Firm Growth	-153.24%	-104.79%	200.75%	126.54%	1.44%	-11,031.38%	-5,878.16%	-2,326.15%	-326.12%	33.95%	42.29%
Invested Capital Growth	4.61%	1.49%	1.09%	0.59%	4.69%	12.75%	12.08%	16.29%	12.93%	7.89%	5.97%
Revenue Q/Q Growth	1.40%	0.79%	4.92%	5.01%	-2.52%	0.06%	1.45%	11.04%	0.35%	-1.09%	2.61%
EBITDA Q/Q Growth	5.71%	28.42%	-11.16%	9.00%	10.91%	-30.82%	-37.91%	46.45%	35.78%	-17.92%	2.09%
EBIT Q/Q Growth	6.47%	36.67%	-15.20%	11.29%	13.22%	-45.65%	-77.44%	188.81%	76.88%	-41.94%	23.70%
NOPAT Q/Q Growth	42.08%	11.53%	-4.44%	15.33%	3.00%	-45.19%	-83.11%	-2,806.70%	105.98%	348.52%	-119.75%
Net Income Q/Q Growth	33.36%	55.51%	-20.27%	26.81%	13.77%	-69.42%	-317.69%	43.84%	134.39%	-622.85%	91.50%
EPS Q/Q Growth	50.00%	100.00%	-33.33%	25.00%	20.00%	-83.33%	-500.00%	50.00%	150.00%	-500.00%	100.00%
Operating Cash Flow Q/Q Growth	32.74%	13.48%	-86.60%	551.96%	-19.39%	18.18%	-24.28%	22.92%	-0.76%	5.56%	-31.04%
Free Cash Flow Firm Q/Q Growth	8.88%	96.59%	295.68%	335.83%	-438.41%	-285.70%	-1.57%	-67.91%	35.22%	40.21%	11.26%
Invested Capital Q/Q Growth	-1.44%	1.20%	1.24%	-0.38%	2.57%	8.99%	0.64%	3.36%	-0.39%	4.13%	-1.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.86%	83.75%	83.91%	83.96%	82.91%	79.99%	76.58%	78.14%	77.49%	76.18%	76.25%
EBITDA Margin	22.00%	28.03%	23.73%	24.63%	28.02%	19.38%	11.86%	15.64%	21.16%	17.56%	17.47%
Operating Margin	17.06%	20.12%	18.01%	18.40%	20.53%	13.73%	1.54%	7.71%	8.81%	10.17%	9.32%
EBIT Margin	16.67%	22.60%	18.26%	19.36%	22.48%	12.21%	2.72%	7.06%	12.45%	7.31%	8.81%
Profit (Net Income) Margin	5.59%	8.63%	6.55%	7.92%	9.24%	2.82%	-6.06%	-3.06%	1.05%	-5.55%	-0.46%
Tax Burden Percent	59.39%	55.72%	56.68%	60.94%	57.70%	47.28%	185.45%	-341.43%	17.82%	269.11%	-14.70%
Interest Burden Percent	56.48%	68.49%	63.32%	67.10%	71.22%	48.91%	-120.35%	12.71%	47.35%	-28.23%	35.54%
Effective Tax Rate	40.61%	44.28%	43.32%	39.06%	42.30%	52.72%	0.00%	441.43%	82.18%	0.00%	114.70%
Return on Invested Capital (ROIC)	4.80%	5.33%	4.95%	5.61%	6.01%	3.18%	0.53%	-13.04%	0.79%	3.48%	-0.69%
ROIC Less NNEP Spread (ROIC-NNEP)	2.67%	4.00%	3.03%	3.65%	4.35%	1.20%	-3.36%	1.69%	0.44%	-2.75%	-0.22%
Return on Net Nonoperating Assets (RNNOA)	0.96%	1.24%	0.96%	1.06%	1.11%	0.35%	-0.98%	0.46%	0.11%	-0.93%	-0.07%
Return on Equity (ROE)	5.77%	6.57%	5.91%	6.66%	7.12%	3.53%	-0.45%	-12.58%	0.90%	2.54%	-0.76%
Cash Return on Invested Capital (CROIC)	-0.46%	2.71%	3.62%	4.76%	1.06%	-7.04%	-8.48%	-14.40%	-14.32%	-32.62%	-10.36%
Operating Return on Assets (OROA)	6.33%	8.51%	7.10%	7.60%	8.78%	4.55%	1.02%	2.66%	4.73%	2.72%	3.38%
Return on Assets (ROA)	2.12%	3.25%	2.55%	3.11%	3.61%	1.05%	-2.28%	-1.15%	0.40%	-2.07%	-0.18%
Return on Common Equity (ROCE)	5.77%	6.57%	5.91%	6.66%	7.12%	3.53%	-0.45%	-12.58%	0.90%	2.54%	-0.76%
Return on Equity Simple (ROE_SIMPLE)	3.12%	0.00%	3.85%	4.46%	4.84%	0.00%	2.11%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	11	12	12	13	14	7.56	1.28	-35	2.07	9.27	-1.83
NOPAT Margin	10.13%	11.21%	10.21%	11.21%	11.85%	6.49%	1.08%	-26.33%	1.57%	7.12%	-1.37%
Net Nonoperating Expense Percent (NNEP)	2.13%	1.33%	1.92%	1.95%	1.66%	1.99%	3.89%	-14.72%	0.35%	6.23%	-0.47%
Return On Investment Capital (ROIC_SIMPLE)	-	1.16%	-	-	-	0.69%	0.12%	-3.03%	0.18%	0.77%	-0.15%
Cost of Revenue to Revenue	16.14%	16.25%	16.09%	16.04%	17.09%	20.01%	23.42%	21.86%	22.51%	23.82%	23.75%
SG&A Expenses to Revenue	17.14%	14.77%	14.99%	19.30%	14.88%	16.38%	20.23%	17.70%	18.44%	15.57%	15.15%
R&D to Revenue	18.36%	17.88%	19.41%	18.75%	19.75%	19.95%	20.21%	20.07%	19.12%	19.42%	19.55%
Operating Expenses to Revenue	66.81%	63.63%	65.90%	65.56%	62.38%	66.26%	75.04%	70.42%	68.68%	66.02%	66.93%
Earnings before Interest and Taxes (EBIT)	18	25	21	23	26	14	3.21	9.27	16	9.52	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	30	27	29	33	23	14	21	28	23	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.49	3.41	3.41	3.88	3.16	2.29	1.73	1.89	1.79	1.73	1.10
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.75	5.75	5.54	6.26	5.28	3.72	2.85	3.17	2.93	2.73	1.67
Price to Earnings (P/E)	111.87	103.53	88.36	87.19	65.37	56.04	81.99	534.89	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.89%	0.97%	1.13%	1.15%	1.53%	1.78%	1.22%	0.19%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.90	2.92	2.89	3.32	2.79	1.97	1.56	1.69	1.62	1.54	1.08
Enterprise Value to Revenue (EV/Rev)	6.26	6.18	5.99	6.66	5.63	4.25	3.35	3.67	3.40	3.28	2.19
Enterprise Value to EBITDA (EV/EBITDA)	28.24	26.64	25.24	27.07	21.59	17.76	16.00	19.72	19.88	19.65	12.21
Enterprise Value to EBIT (EV/EBIT)	38.35	34.94	32.61	34.64	27.27	23.52	23.65	33.46	39.20	43.65	24.60
Enterprise Value to NOPAT (EV/NOPAT)	73.47	70.16	61.65	62.32	50.63	42.20	56.48	273.21	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	33.16	28.92	31.21	33.16	30.46	24.96	16.62	19.27	18.00	17.98	12.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	108.43	80.08	69.97	269.30	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.47	0.47	0.46	0.44	0.44	0.43	0.41	0.41	0.49	0.49
Long-Term Debt to Equity	0.49	0.47	0.47	0.46	0.43	0.43	0.42	0.41	0.40	0.48	0.49
Financial Leverage	0.36	0.31	0.32	0.29	0.26	0.29	0.29	0.27	0.25	0.34	0.33
Leverage Ratio	1.70	1.66	1.64	1.64	1.63	1.70	1.69	1.67	1.66	1.76	1.75
Compound Leverage Factor	0.96	1.13	1.04	1.10	1.16	0.83	-2.03	0.21	0.79	-0.50	0.62
Debt to Total Capital	33.21%	32.02%	32.06%	31.56%	30.37%	30.49%	30.03%	29.10%	28.96%	32.86%	32.98%
Short-Term Debt to Total Capital	0.35%	0.33%	0.34%	0.33%	0.32%	0.32%	0.32%	0.31%	0.31%	0.33%	0.34%
Long-Term Debt to Total Capital	32.86%	31.68%	31.72%	31.23%	30.05%	30.17%	29.71%	28.79%	28.66%	32.53%	32.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.79%	67.98%	67.94%	68.44%	69.63%	69.51%	69.97%	70.90%	71.04%	67.14%	67.02%
Debt to EBITDA	3.70	3.43	3.23	3.02	2.79	2.98	3.37	3.70	3.90	4.62	4.15
Net Debt to EBITDA	2.29	1.86	1.89	1.60	1.33	2.22	2.42	2.65	2.71	3.31	2.91
Long-Term Debt to EBITDA	3.66	3.39	3.20	2.99	2.76	2.95	3.34	3.66	3.86	4.57	4.11
Debt to NOPAT	9.62	9.02	7.90	6.96	6.55	7.09	11.90	51.28	-15.51	-1.50	-8.25
Net Debt to NOPAT	5.96	4.90	4.61	3.68	3.12	5.28	8.54	36.78	-10.76	-1.08	-5.78
Long-Term Debt to NOPAT	9.52	8.93	7.82	6.89	6.48	7.01	11.78	50.74	-15.34	-1.49	-8.17
Altman Z-Score	3.74	3.85	3.94	4.44	3.87	2.28	1.84	2.06	1.99	1.85	1.38
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.56	2.75	3.01	2.97	3.01	1.23	1.20	1.24	1.27	1.19	1.26
Quick Ratio	2.09	2.36	2.43	2.29	2.28	0.87	0.90	0.94	0.92	0.89	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-28	-0.96	1.87	8.15	-28	-106	-108	-181	-117	-70	-62
Operating Cash Flow to CapEx	782.04%	948.07%	121.70%	841.39%	587.94%	363.44%	598.45%	638.52%	364.77%	565.16%	1,035.63%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.38	0.39	0.39	0.39	0.37	0.38	0.38	0.38	0.37	0.38
Accounts Receivable Turnover	11.57	11.28	11.51	11.61	11.63	10.98	11.16	11.39	11.77	10.74	11.63
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.14	11.37	12.03	12.31	12.95	12.77	13.26	13.50	13.54	13.80	14.37
Accounts Payable Turnover	20.51	15.53	19.60	12.26	14.80	14.00	23.32	14.45	15.08	15.31	13.91
Days Sales Outstanding (DSO)	31.56	32.36	31.72	31.43	31.38	33.25	32.71	32.05	31.01	33.99	31.40
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	17.80	23.50	18.62	29.78	24.67	26.08	15.65	25.26	24.20	23.84	26.25
Cash Conversion Cycle (CCC)	13.76	8.86	13.10	1.65	6.71	7.17	17.05	6.79	6.81	10.15	5.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	883	893	904	901	924	1,007	1,014	1,048	1,044	1,087	1,074
Invested Capital Turnover	0.47	0.48	0.48	0.50	0.51	0.49	0.49	0.50	0.51	0.49	0.50
Increase / (Decrease) in Invested Capital	39	13	9.75	5.25	41	114	109	147	120	79	60
Enterprise Value (EV)	2,563	2,606	2,610	2,990	2,579	1,983	1,578	1,770	1,690	1,676	1,155
Market Capitalization	2,354	2,424	2,415	2,814	2,420	1,735	1,340	1,531	1,459	1,394	880
Book Value per Share	$3.70	$3.89	$3.84	$3.92	$4.13	$4.09	$4.10	$4.28	$4.35	$4.32	$4.24
Tangible Book Value per Share	($0.84)	($0.73)	($0.69)	($0.59)	($0.46)	($1.62)	($1.56)	($1.52)	($1.50)	($1.53)	($1.46)
Total Capital	1,010	1,046	1,044	1,058	1,099	1,092	1,108	1,142	1,145	1,199	1,192
Total Debt	335	335	335	334	334	333	333	332	332	394	393
Total Long-Term Debt	332	332	331	331	330	330	329	329	328	390	389
Net Debt	208	182	195	177	159	248	239	238	230	282	275
Capital Expenditures (CapEx)	3.52	3.29	3.44	3.24	3.74	7.15	3.29	3.79	6.58	4.48	1.69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.39	-6.47	13	13	18	-48	-60	-55	-56	-73	-70
Debt-free Net Working Capital (DFNWC)	128	147	152	171	192	37	34	39	45	39	48
Net Working Capital (NWC)	124	143	149	167	188	34	30	36	42	35	44
Net Nonoperating Expense (NNE)	4.88	2.80	4.16	3.94	3.04	4.27	8.44	-31	0.68	17	-1.22
Net Nonoperating Obligations (NNO)	208	182	195	177	159	248	239	238	230	282	275
Total Depreciation and Amortization (D&A)	5.73	5.89	6.22	6.30	6.46	8.35	11	11	11	13	12
Debt-free, Cash-free Net Working Capital to Revenue	0.10%	-1.53%	2.93%	2.94%	3.83%	-10.27%	-12.85%	-11.36%	-11.24%	-14.32%	-13.33%
Debt-free Net Working Capital to Revenue	31.24%	34.74%	34.88%	38.01%	41.92%	8.01%	7.14%	8.10%	9.14%	7.55%	9.03%
Net Working Capital to Revenue	30.38%	33.91%	34.08%	37.23%	41.15%	7.26%	6.40%	7.37%	8.44%	6.77%	8.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.06	$0.04	$0.05	$0.06	$0.02	($0.04)	($0.02)	$0.01	($0.04)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	182.71M	182.37M	184.02M	185.00M	185.51M	185.28M	188.23M	188.82M	187.60M	187.82M	187.55M
Adjusted Diluted Earnings per Share	$0.03	$0.06	$0.04	$0.05	$0.06	$0.01	($0.04)	($0.02)	$0.01	($0.04)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	186.22M	185.98M	187.17M	187.27M	188.07M	188.43M	188.23M	188.82M	188.42M	187.82M	187.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	182.93M	184.76M	184.76M	185.28M	185.76M	188.95M	189.06M	187.10M	186.33M	188.38M	188.38M
Normalized Net Operating Profit after Tax (NOPAT)	11	12	12	13	14	11	1.28	7.09	8.12	9.27	8.72
Normalized NOPAT Margin	10.13%	11.21%	10.21%	11.21%	11.85%	9.61%	1.08%	5.40%	6.17%	7.12%	6.52%
Pre Tax Income Margin	9.41%	15.48%	11.56%	12.99%	16.01%	5.97%	-3.27%	0.90%	5.89%	-2.06%	3.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-176.36%	0.00%

Financials Breakdown Chart

Key Financial Trends

N-able, Inc. (NABL) delivered a mix of revenue growth and earnings volatility across its quarterly statements. Below is a concise, data-driven look at trends from the last four years, highlighting the most material takeaways for retail investors.

Top-line growth over four years: Total revenue rose from about $95.8M in Q4 2022 to $130.3M in Q4 2025, indicating ongoing top-line expansion.
Positive operating cash flow in each period: Net cash from continuing operating activities remained positive across observed quarters (examples include roughly $24–$25M in 2025), signaling cash generation from core operations despite earnings volatility.
Improving liquidity in 2025: Cash and equivalents climbed to about $101.4M by Q3 2025, versus the prior year’s levels, pointing to stronger short-term liquidity.
Growing equity base: Total equity rose to about $813.4M by Q3 2025, supported by retained earnings and equity activities, contributing to a larger balance sheet cushion.
Gross margin erosion vs. late 2024: Gross margin ticked down in 2025 (roughly 76% in Q4 2025 vs around 80% in late 2024), driven by higher marketing and R&D spend. This is a point to watch for margin resilience as the business scales.
Earnings per share (EPS) volatility: Quarterly EPS swung between positive and negative (for example, Basic EPS around -0.04 in Q4 2025, vs. +0.01 in Q3 2025), indicating earnings cadence can be irregular on a quarterly basis.
Acquisition-driven balance sheet growth: Goodwill and intangible assets increased meaningfully (Goodwill around $1.02B in 2025), reflecting acquisitions and expansion, with associated impairment risk if expected synergies fall short.
Net income declined in Q4 2025: Net income attributable to common shareholders fell to about -$7.23M in Q4 2025 despite revenue gains, highlighting profitability headwinds.
Financing costs remain meaningful: Interest & Investment Income frequently negative (e.g., about -$12.2M in Q4 2025) and other income/expense net negative, pressuring pretax results.
Financing cash outflows persist: Net cash from financing activities was negative in most quarters (examples include -$11.6M in Q3 2025 and -$18.3M in Q2 2025), indicating ongoing cash outflows tied to debt service and financing activities.

05/09/26 04:05 AM ETAI Generated. May Contain Errors.

N-able Financials - Frequently Asked Questions

According to the most recent income statement we have on file, N-able's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

N-able's net income appears to be on an upward trend, with a most recent value of -$17.03 million in 2025, rising from -$2.51 million in 2019. The previous period was $30.96 million in 2024. See N-able's forecast for analyst expectations on what's next for the company.

N-able's total operating income in 2025 was $36.79 million, based on the following breakdown:

Total Gross Profit: $394.38 million
Total Operating Expenses: $357.59 million

Over the last 6 years, N-able's total revenue changed from $263.52 million in 2019 to $511.43 million in 2025, a change of 94.1%.

N-able's total liabilities were at $605.25 million at the end of 2025, a 4.4% increase from 2024, and a 34.9% increase since 2020.

In the past 5 years, N-able's cash and equivalents has ranged from $66.74 million in 2021 to $153.05 million in 2023, and is currently $111.84 million as of their latest financial filing in 2025.

Over the last 6 years, N-able's book value per share changed from 0.00 in 2019 to 4.32 in 2025, a change of 431.8%.

Related Companies

Financial statements for NYSE:NABL last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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N-able (NABL) Financials

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N-able (NABL) Financials

Annual Income Statements for N-able

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Quarterly Cash Flow Statements for N-able

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Quarterly Balance Sheets for N-able

Annual Metrics And Ratios for N-able

Quarterly Metrics And Ratios for N-able

Financials Breakdown Chart

Key Financial Trends

N-able Financials - Frequently Asked Questions

When does N-able's fiscal year end?

How has N-able's net income changed over the last 6 years?

What is N-able's operating income?

How has N-able's revenue changed over the last 6 years?

How much debt does N-able have?

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How has N-able's book value per share changed over the last 6 years?

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