Cash flow N-able, Inc.

Equities

NABL

US62878D1000

Software

Market Closed - Nyse Other stock markets 04:00:02 2026-03-13 pm EDT			5-day change	1st Jan Change
4.820 ^USD	+1.05%		-3.21%	-35.56%

Feb. 26	N-Able, Inc. Expands Its Anomaly Detection Capabilities in Cove Data Protection to Combat the Surge in Identity-Driven Cyberattacks Targeting Backup Environments	CI
Feb. 19	N-able, Inc., Q4 2025 Earnings Call, Feb 19, 2026

373825da743547f.jn4aA-UgoF-rOUGX2ds4Xq_OlrczFZ9y0hSOOiw3RAg.7zlLLpxv-jvTTQLgmvZvNsf3zOdpLO4Kv07jfR0BNj7sSkBtvVHvaPN8eQ

Published financial data: N-ABLE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	346M	372M	422M	466M	511M
Total Revenues	346M	372M	422M	466M	511M
Cost of Goods Sold, Total	46.68M	56.13M	66.37M	77.16M	100M
Gross Profit	300M	316M	356M	389M	411M
Selling General & Admin Expenses, Total	193M	194M	204M	215M	250M
R&D Expenses	53.96M	63.48M	78.18M	90.71M	101M
Amortization of Goodwill and Intangible Assets - (IS)	19.24M	8.33M	2.44M	3.8M	18.87M
Other Operating Expenses, Total	266M	265M	285M	310M	370M
Operating Income	33.33M	50.25M	70.99M	78.99M	41.6M
Interest Expense, Total	-20.47M	-18.85M	-30.25M	-30.03M	-36M
Net Interest Expenses	-20.47M	-18.85M	-30.25M	-30.03M	-36M
Currency Exchange Gains (Loss)	-1.8M	2.2M	900K	-2.6M	300K
Other Non Operating Income (Expenses)	534K	-319K	3.36M	4.53M	1.3M
EBT, Excl. Unusual Items	11.59M	33.28M	45M	50.89M	7.21M
Restructuring Charges	-	-2.66M	-2.11M	-	-2.67M
Merger & Related Restructuring Charges	-	-	-	-2.9M	-
Other Unusual Items	-	-189K	1.44M	6.28M	-2.15M
EBT, Incl. Unusual Items	11.59M	30.42M	44.33M	54.27M	2.39M
Income Tax Expense	11.48M	13.72M	20.91M	23.31M	19.42M
Earnings From Continuing Operations	113K	16.71M	23.41M	30.96M	-17.03M
Net Income to Company	113K	16.71M	23.41M	30.96M	-17.03M
Net Income - (IS)	113K	16.71M	23.41M	30.96M	-17.03M
Net Income to Common Incl Extra Items	113K	16.71M	23.41M	30.96M	-17.03M
Net Income to Common Excl. Extra Items	113K	16.71M	23.41M	30.96M	-17.03M
Per Share Items
Net EPS - Basic	0	0.09	0.13	0.17	-0.09
Basic EPS - Continuing Operations	0	0.09	0.13	0.17	-0.09
Basic Weighted Average Shares Outstanding	167M	180M	182M	185M	188M
Net EPS - Diluted	0	0.09	0.13	0.16	-0.09
Diluted EPS - Continuing Operations	0	0.09	0.13	0.16	-0.09
Diluted Weighted Average Shares Outstanding	169M	181M	186M	188M	188M
Normalized Basic EPS	0.04	0.12	0.15	0.17	0.02
Normalized Diluted EPS	0.04	0.11	0.15	0.17	0.02
Supplemental Items
EBITDA	61.35M	69.71M	87.37M	95.89M	61.89M
EBITA	46.64M	56.1M	71.59M	79.27M	43.6M
EBIT	33.33M	50.25M	70.99M	78.99M	41.6M
EBITDAR	68.31M	78.19M	95.03M	105M	70.01M
Effective Tax Rate - (Ratio)	99.03	45.09	47.18	42.96	812.34
Current Domestic Taxes	2K	10K	250K	932K	375K
Current Foreign Taxes	13.32M	15.66M	21.15M	24.96M	22.64M
Total Current Taxes	13.33M	15.67M	21.4M	25.89M	23.01M
Deferred Domestic Taxes	-	-	-	-1.56M	-3K
Deferred Foreign Taxes	-1.85M	-1.95M	-488K	-1.02M	-3.58M
Total Deferred Taxes	-1.85M	-1.95M	-488K	-2.58M	-3.59M
Normalized Net Income	7.24M	20.8M	28.12M	31.81M	4.5M
Non-Cash Pension Expense	-	-	-	644K	882K
Supplemental Operating Expense Items
Advertising Expense	18.53M	19.56M	17.31M	15.03M	14.4M
Selling and Marketing Expenses	113M	125M	135M	136M	163M
General and Administrative Expenses	80.58M	68.27M	69.22M	79.9M	86.9M
Research And Development Expense From Footnotes	59.71M	65.96M	80.02M	94.23M	118M
Net Rental Expense, Total	6.97M	8.48M	7.66M	8.67M	8.12M
Imputed Operating Lease Interest Expense	2.96M	3.38M	4.94M	5.6M	5.85M
Imputed Operating Lease Depreciation	4.01M	5.1M	2.72M	3.07M	2.27M
Stock-Based Comp., COGS (Total)	1.01M	1.15M	1.35M	1.58M	1.69M
Stock-Based Comp., R&D Exp. (Total)	4.66M	6.12M	8.56M	10.16M	11.15M
Stock-Based Comp., S&M Exp. (Total)	8.76M	12.04M	14.71M	14.94M	16.3M
Stock-Based Comp., G&A Exp. (Total)	15M	17.22M	18.96M	18.68M	17.46M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	29.43M	36.53M	43.57M	45.35M	46.59M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	66.74M	98.85M	153M	85.2M	112M
Total Cash And Short Term Investments	66.74M	98.85M	153M	85.2M	112M
Accounts Receivable, Total	33.04M	34.8M	40.01M	57.7M	69.87M
Other Receivables	7.25M	7.81M	8M	27.72M	13.24M
Total Receivables	40.29M	42.61M	48.01M	85.42M	83.11M
Prepaid Expenses	13.96M	12.7M	23.73M	11.61M	18.79M
Other Current Assets, Total	-	-	-	1.7M	2.7M
Total Current Assets	121M	154M	225M	184M	216M
Gross Property Plant And Equipment	97.15M	99.14M	115M	120M	124M
Accumulated Depreciation	-22.2M	-29.99M	-46.43M	-55.52M	-57.27M
Net Property Plant And Equipment	74.95M	69.16M	68.9M	64.16M	66.63M
Goodwill	841M	829M	838M	977M	1.02B
Other Intangibles, Total	13.17M	22.57M	25.02M	102M	88.99M
Accounts Receivable Long-Term	-	-	-	3.7M	2.4M
Deferred Tax Assets Long-Term	1.68M	795K	1.09M	2.03M	4.41M
Deferred Charges Long-Term	-	-	-	2M	2.3M
Other Long-Term Assets, Total	3.99M	3.38M	4.49M	4.08M	4.44M
Total Assets	1.06B	1.08B	1.16B	1.34B	1.41B
Liabilities
Accounts Payable, Total	5.86M	3.54M	5.24M	6.29M	9M
Accrued Expenses, Total	31.41M	32.88M	47.57M	49.84M	55.64M
Current Portion of Long-Term Debt	3.5M	3.5M	3.5M	3.5M	4M
Current Portion of Leases	4.83M	5.77M	6.44M	6.02M	7.2M
Current Income Taxes Payable	4.6M	1.63M	4.52M	9.73M	9.8M
Unearned Revenue Current, Total	10.68M	11.74M	12.65M	23.98M	24.49M
Other Current Liabilities	-	2.75M	1.8M	50.74M	71.68M
Total Current Liabilities	60.88M	61.81M	81.72M	150M	182M
Long-Term Debt	335M	333M	332M	330M	390M
Long-Term Leases	37.82M	33.11M	33.06M	30.07M	29.28M
Unearned Revenue Non Current	223K	387K	167K	3M	1.75M
Deferred Tax Liability Non Current	2.63M	2.78M	1.82M	3.45M	1.85M
Other Non Current Liabilities	410K	5.2M	3.15M	63.34M	685K
Total Liabilities	437M	437M	451M	580M	605M
Common Stock, Total	179K	181K	183K	187K	190K
Additional Paid In Capital	603M	633M	667M	709M	747M
Retained Earnings	127K	16.83M	40.25M	71.2M	54.17M
Treasury Stock	-	-	-	-	-30M
Comprehensive Income and Other	15.05M	-7.82M	4.41M	-21.1M	33.69M
Total Common Equity	618M	642M	711M	759M	805M
Total Equity	618M	642M	711M	759M	805M
Total Liabilities And Equity	1.06B	1.08B	1.16B	1.34B	1.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	180M	182M	185M	189M	188M
ECS Total Common Shares Outstanding	179M	181M	183M	188M	187M
Book Value / Share	3.45	3.55	3.88	4.05	4.31
Tangible Book Value	-236M	-209M	-152M	-320M	-309M
Tangible Book Value Per Share	-1.32	-1.16	-0.83	-1.7	-1.65
Total Debt	382M	376M	375M	369M	430M
Net Debt	315M	277M	221M	284M	319M
Debt Equivalent Oper. Leases	55.73M	67.84M	61.26M	69.35M	64.97M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	38.93M	45.06M	59.43M	67.01M	71.59M
Full Time Employees	1.38K	1.45K	1.58K	1.76K	1.85K
Part Time Employees	14	8	9	8	5
Accumulated Allowance for Doubtful Accounts (Supple)	1.65M	1.33M	1.17M	886K	4.06M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	113K	16.71M	23.41M	30.96M	-17.03M
Depreciation & Amortization - CF	14.71M	13.61M	15.79M	16.63M	18.29M
Amortization of Goodwill and Intangible Assets - (CF)	13.31M	5.85M	597K	278K	2M
Depreciation & Amortization, Total	28.02M	19.46M	16.38M	16.9M	20.28M
Amortization of Deferred Charges, Total - (CF)	6.49M	6.6M	6.84M	10.42M	26.62M
Stock-Based Compensation (CF)	29.43M	36.53M	43.57M	45.35M	46.59M
Provision and Write-off of Bad Debts	2.15M	-323K	-159K	-285K	3.17M
Other Operating Activities, Total	-950K	-3.77M	-2.08M	-2.89M	15.74M
Change In Accounts Receivable	-5.57M	-3.43M	-7.06M	-13.56M	-15.25M
Change In Accounts Payable	-455K	-1.62M	1.83M	-461K	2.54M
Change in Unearned Revenues	1.25M	1.36M	684K	2.26M	-732K
Change In Income Taxes	-5.84M	-3.76M	2.79M	-3.4M	15.12M
Change in Other Net Operating Assets	-9.3M	3.66M	3.88M	-5.86M	-3.85M
Cash from Operations	45.34M	71.41M	90.09M	79.44M	93.2M
Capital Expenditure	-30.66M	-12.83M	-13.78M	-17.57M	-18.14M
Cash Acquisitions	-	-9.2M	-	-98.69M	-
Sale (Purchase) of Intangible assets	-4.17M	-8.18M	-8.56M	-6.16M	-11.12M
Other Investing Activities, Total	-	-	-	-	299K
Cash from Investing	-34.83M	-30.21M	-22.34M	-122M	-28.96M
Long-Term Debt Issued, Total	350M	-	-	-	400M
Total Debt Issued	350M	-	-	-	400M
Long-Term Debt Repaid, Total	-374M	-3.5M	-3.5M	-3.5M	-339M
Total Debt Repaid	-374M	-3.5M	-3.5M	-3.5M	-339M
Issuance of Common Stock	216M	1.42M	1.75M	2.39M	2.36M
Repurchase of Common Stock	-2.23M	-8.32M	-11.98M	-20.49M	-43.21M
Other Financing Activities, Total	-233M	-	-1.45M	-1M	-61.15M
Cash from Financing	-42.32M	-10.4M	-15.17M	-22.6M	-40.62M
Foreign Exchange Rate Adjustments	-1.24M	1.31M	1.62M	-2.27M	3.02M
Net Change in Cash	-33.05M	32.11M	54.2M	-67.85M	26.64M
Supplemental Items
Cash Interest Paid	20.39M	15.57M	28.44M	28.69M	24.97M
Cash Income Tax Paid (Refund)	19.03M	16.3M	14.93M	12.77M	18.06M
Levered Free Cash Flow	19.4M	60.14M	72.72M	121M	91.9M
Unlevered Free Cash Flow	31.46M	70.3M	90.02M	139M	112M
Change In Net Working Capital	17.74M	1.06M	-2.8M	-41.82M	-24.16M
Net Debt Issued / Repaid	-23.52M	-3.5M	-3.5M	-3.5M	61.38M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.95	2.94	3.96	3.95	1.89
Return on Total Capital	2.06	3.11	4.22	4.46	2.2
Return On Equity %	0.02	2.65	3.46	4.21	-2.18
Return on Common Equity	0.02	2.65	3.46	4.21	-2.18
Margin Analysis
Gross Profit Margin %	86.53	84.9	84.27	83.45	80.41
SG&A Margin	55.78	52.07	48.33	46.23	48.89
EBITDA Margin %	17.71	18.75	20.71	20.57	12.1
EBITA Margin %	13.46	15.09	16.97	17	8.53
EBIT Margin %	9.62	13.52	16.83	16.94	8.14
Income From Continuing Operations Margin %	0.03	4.49	5.55	6.64	-3.33
Net Income Margin %	0.03	4.49	5.55	6.64	-3.33
Net Avail. For Common Margin %	0.03	4.49	5.55	6.64	-3.33
Normalized Net Income Margin	2.09	5.59	6.67	6.82	0.88
Levered Free Cash Flow Margin	5.6	16.18	17.24	26.04	17.97
Unlevered Free Cash Flow Margin	9.08	18.91	21.34	29.72	21.81
Asset Turnover
Asset Turnover	0.32	0.35	0.38	0.37	0.37
Fixed Assets Turnover	6.4	5.16	6.11	7.01	7.82
Receivables Turnover (Average Receivables)	11.15	10.96	11.28	9.43	8.02
Short Term Liquidity
Current Ratio	1.99	2.49	2.75	1.23	1.19
Quick Ratio	1.76	2.29	2.46	1.14	1.07
Operating Cash Flow to Current Liabilities	0.74	1.16	1.1	0.53	0.51
Days Sales Outstanding (Average Receivables)	32.73	33.3	32.36	38.8	45.52
Average Days Payable Outstanding	75.97	30.59	24.15	27.34	27.85
Long Term Solvency
Total Debt/Equity	61.7	58.54	52.65	48.62	53.48
Total Debt / Total Capital	38.16	36.92	34.49	32.72	34.85
LT Debt/Equity	60.35	57.1	51.25	47.37	52.09
Long-Term Debt / Total Capital	37.32	36.01	33.57	31.87	33.94
Total Liabilities / Total Assets	41.43	40.49	38.82	43.29	42.93
EBIT / Interest Expense	1.63	2.67	2.35	2.63	1.16
EBITDA / Interest Expense	3.34	4.15	3.14	3.48	1.94
(EBITDA - Capex) / Interest Expense	1.84	3.47	2.69	2.9	1.44
Total Debt / EBITDA	5.59	4.81	3.94	3.53	6.15
Net Debt / EBITDA	4.61	3.54	2.33	2.72	4.55
Total Debt / (EBITDA - Capex)	10.13	5.75	4.61	4.24	8.3
Net Debt / (EBITDA - Capex)	8.36	4.24	2.73	3.26	6.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.39	7.31	13.48	10.49	9.71
Gross Profit, 1 Yr. Growth %	13.57	5.29	12.63	9.42	5.72
EBITDA, 1 Yr. Growth %	-6.99	17.2	25.86	12.47	-38.51
EBITA, 1 Yr. Growth %	-19.05	19.43	28.26	14.1	-48.11
EBIT, 1 Yr. Growth %	-1.29	49.26	42.1	14.68	-50.32
Earnings From Cont. Operations, 1 Yr. Growth %	-101.58	14.68K	40.13	32.23	-155.02
Net Income, 1 Yr. Growth %	-101.58	14.68K	40.13	32.23	-155.02
Normalized Net Income, 1 Yr. Growth %	138.71	196.39	36.41	18.67	-87.05
Diluted EPS Before Extra, 1 Yr. Growth %	-101.34	13.35K	42.64	24.63	-156.68
Accounts Receivable, 1 Yr. Growth %	13.6	5.32	14.99	40.25	21.1
Net Property, Plant and Equip., 1 Yr. Growth %	125.17	-7.74	-0.36	-6.89	3.85
Total Assets, 1 Yr. Growth %	-2.23	2.19	7.78	15.14	5.31
Tangible Book Value, 1 Yr. Growth %	-14.33	-11.21	-27.3	110.1	-3.45
Common Equity, 1 Yr. Growth %	-2.03	3.84	10.79	6.74	5.97
Cash From Operations, 1 Yr. Growth %	-47.07	57.5	26.15	-11.82	17.33
Capital Expenditures, 1 Yr. Growth %	157.27	-58.15	7.37	27.5	3.24
Levered Free Cash Flow, 1 Yr. Growth %	-76.42	206.75	21.27	69.99	-26.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-68.49	121.99	28.38	56.19	-21.17
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.66	10.79	10.35	11.98	10.1
Gross Profit, 2 Yr. CAGR %	14.1	9.35	8.9	11.01	7.55
EBITDA, 2 Yr. CAGR %	-4.09	3.85	21.11	19.57	-15.84
EBITA, 2 Yr. CAGR %	-11.71	-1.73	23.33	21.76	-21.96
EBIT, 2 Yr. CAGR %	-4.59	21.12	45.03	28.8	-23.44
Earnings From Cont. Operations, 2 Yr. CAGR %	-78.79	52.78	1.34K	36.12	-14.71
Net Income, 2 Yr. CAGR %	-78.79	52.78	1.34K	36.12	-14.71
Normalized Net Income, 2 Yr. CAGR %	90.54	149.63	93.53	28.87	-59.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-81.71	34.16	1.29K	33.33	-15.95
Accounts Receivable, 2 Yr. CAGR %	12.77	9.38	10.05	28.76	30.33
Net Property, Plant and Equip., 2 Yr. CAGR %	77.88	44.14	-4.12	-3.68	-1.67
Total Assets, 2 Yr. CAGR %	2.05	-0.04	4.95	11.4	10.11
Tangible Book Value, 2 Yr. CAGR %	-18.03	-12.79	-19.66	23.59	42.42
Common Equity, 2 Yr. CAGR %	4.74	0.86	7.26	8.75	6.36
Cash From Operations, 2 Yr. CAGR %	33.24	-8.7	40.96	5.47	1.71
Capital Expenditures, 2 Yr. CAGR %	130.07	3.77	-32.96	17.01	14.73
Levered Free Cash Flow, 2 Yr. CAGR %	-15.95	-14.65	92.32	44.04	12.42
Unlevered Free Cash Flow, 2 Yr. CAGR %	-19.53	-16.22	68.46	42.05	11.32
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.92	12.16	11.68	10.4	11.22
Gross Profit, 3 Yr. CAGR %	14.94	11.08	10.44	9.07	9.22
EBITDA, 3 Yr. CAGR %	5.08	1.49	10.57	17.2	-2.65
EBITA, 3 Yr. CAGR %	-0.27	-2.12	7.21	18.98	-6.57
EBIT, 3 Yr. CAGR %	12.71	11.13	27.5	32.77	-4.4
Earnings From Cont. Operations, 3 Yr. CAGR %	-79.79	88.06	48.44	549.48	0.64
Net Income, 3 Yr. CAGR %	-79.79	88.06	48.44	549.48	0.64
Normalized Net Income, 3 Yr. CAGR %	-3.72	118.43	103.49	61.8	-38.27
Diluted EPS Before Extra, 3 Yr. CAGR %	-	65.1	36.93	520.72	0.25
Accounts Receivable, 3 Yr. CAGR %	14.36	10.23	11.22	20.42	26.16
Net Property, Plant and Equip., 3 Yr. CAGR %	78.43	42.92	27.45	-5.05	-1.23
Total Assets, 3 Yr. CAGR %	-0.62	2.1	2.5	8.24	9.33
Tangible Book Value, 3 Yr. CAGR %	-16.21	-15.82	-17.92	10.69	13.82
Common Equity, 3 Yr. CAGR %	3.87	4.44	4.07	7.08	7.81
Cash From Operations, 3 Yr. CAGR %	-4.66	40.88	1.69	20.55	9.28
Capital Expenditures, 3 Yr. CAGR %	47.93	30.36	4.96	-16.94	12.22
Levered Free Cash Flow, 3 Yr. CAGR %	-	29.87	-4.14	83.45	16.25
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	13.11	-3.49	63.46	17.56
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	13.07	12.08	11.05
Gross Profit, 5 Yr. CAGR %	-	-	12.48	11.06	9.27
EBITDA, 5 Yr. CAGR %	-	-	10.57	7.54	-0.87
EBITA, 5 Yr. CAGR %	-	-	8.77	5.79	-5.58
EBIT, 5 Yr. CAGR %	-	-	24.98	16.62	3.97
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	11.33	65.25	18.93
Net Income, 5 Yr. CAGR %	-	-	11.33	65.25	18.93
Normalized Net Income, 5 Yr. CAGR %	-	-	28.21	73.97	6.18
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	51.57	12.64
Accounts Receivable, 5 Yr. CAGR %	-	-	12.61	17.3	19.16
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	39.18	22.05	14.89
Total Assets, 5 Yr. CAGR %	-	-	1.57	5.72	5.48
Tangible Book Value, 5 Yr. CAGR %	-	-	-17.61	-1.84	2.32
Common Equity, 5 Yr. CAGR %	-	-	5.21	6.14	4.98
Cash From Operations, 5 Yr. CAGR %	-	-	11.48	25.48	1.7
Capital Expenditures, 5 Yr. CAGR %	-	-	7.78	24.85	8.76
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	34.62	2.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	23.32	2.18