Source: N-able, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$263.52M
$302.87M
$346.46M
$371.77M
$422.16M
$465.55M
$508.84M
Cost of revenue
$57.32M
$63.17M
$52.43M
$58.61M
$68.27M
$80.87M
$117.36M
Gross profit
$206.20M
$239.70M
$294.02M
$313.16M
$353.89M
$384.68M
$391.48M
Research & development
$37.17M
$42.72M
$53.96M
$63.48M
$78.18M
$90.71M
$100.71M
Operating income
$36.61M
$33.77M
$33.33M
$47.40M
$70.37M
$81.88M
$33.90M
Pre-tax income
$3.19M
$4.86M
$11.59M
$30.43M
$44.73M
$54.08M
-$167.00K
Income tax
$5.71M
$12.01M
$11.48M
$13.72M
$20.91M
$23.34M
$18.65M
Net income
-$2.51M
-$7.16M
$113.00K
$16.71M
$23.82M
$30.74M
-$18.82M
EBITDA
$90.75M
$90.22M
$67.10M
$71.84M
$92.05M
$107.80M
$78.26M
EPS (basic)
$-0.02
$-0.05
$0.00
$0.09
$0.13
$0.17
$-0.10
EPS (diluted)
$-0.02
$-0.05
$0.00
$0.09
$0.13
$0.16
$-0.10
Diluted shares
158.12M
158.12M
168.67M
181.30M
185.98M
188.43M
187.82M
Gross margin
78.2%
79.1%
84.9%
84.2%
83.8%
82.6%
76.9%
Operating margin
13.9%
11.1%
9.6%
12.7%
16.7%
17.6%
6.7%
Net margin
-1.0%
-2.4%
0.0%
4.5%
5.6%
6.6%
-3.7%
Balance sheet
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$39.35M
$99.79M
$66.74M
$98.85M
$153.05M
$85.20M
$111.84M
Receivables
—
$29.09M
$33.04M
$34.80M
$40.01M
$44.54M
$49.97M
Total current assets
—
$135.72M
$120.99M
$154.16M
$224.79M
$183.74M
$216.07M
Goodwill
$836.64M
$874.08M
$840.92M
$828.79M
$838.50M
$977.01M
$1.02B
Total assets
—
$1.08B
$1.06B
$1.08B
$1.16B
$1.34B
$1.41B
Total current liabilities
—
$54.83M
$60.88M
$61.81M
$81.72M
$150.05M
$184.24M
Short-term debt
—
$0
$3.50M
$3.50M
$3.50M
$3.50M
$4.00M
Long-term debt
—
$0
$335.38M
$333.49M
$331.51M
$329.61M
$389.87M
Total debt
—
$0
$338.88M
$336.99M
$335.01M
$333.11M
$393.87M
Total liabilities
—
$448.54M
$437.34M
$436.79M
$451.43M
$579.51M
$607.67M
Shareholders' equity
$563.70M
$631.20M
$618.36M
$642.24M
$711.93M
$759.56M
$802.04M
Cash flow
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$25.54M
$85.67M
$45.34M
$71.41M
$90.09M
$79.44M
$93.20M
Capital expenditures
$5.79M
$11.92M
$30.66M
$12.83M
$13.78M
$17.57M
$18.14M
Free cash flow
$19.75M
$73.75M
$14.68M
$58.58M
$76.31M
$61.87M
$75.06M
Investing cash flow
-$23.04M
-$16.14M
-$34.83M
-$30.21M
-$22.34M
-$122.42M
-$28.96M
Financing cash flow
-$42.81M
-$10.56M
-$42.32M
-$10.40M
-$15.17M
-$22.59M
-$40.62M
Stock-based compensation
$8.66M
$21.05M
$29.43M
$36.53M
$43.57M
$45.35M
$46.59M
Depreciation & amortization
$54.14M
$56.45M
$33.77M
$24.44M
$21.68M
$25.92M
$44.36M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$108.70M
$113.54M
$118.34M
$117.47M
$116.19M
$118.09M
$130.52M
$131.06M
$129.17M
$132.37M
$138.22M
$137.45M
Cost of revenue
$17.68M
$18.34M
$19.21M
$19.95M
$23.38M
$27.73M
$28.77M
$29.73M
$31.12M
$31.84M
$32.02M
$34.55M
Gross profit
$91.02M
$95.21M
$99.14M
$97.52M
$92.81M
$90.36M
$101.75M
$101.33M
$98.05M
$100.53M
$106.20M
$102.90M
Research & development
$19.38M
$22.08M
$22.39M
$23.00M
$23.25M
$23.88M
$26.34M
$25.19M
$25.30M
$26.14M
$26.63M
$27.01M
Operating income
$21.86M
$20.26M
$20.78M
$24.85M
$15.99M
$1.66M
$9.32M
$10.87M
$12.05M
$11.06M
$16.48M
$15.40M
Pre-tax income
$17.19M
$12.99M
$14.39M
$19.66M
$7.04M
-$3.90M
$415.00K
$7.19M
-$3.87M
$2.79M
$7.72M
$7.53M
Income tax
$7.43M
$5.71M
$6.07M
$7.89M
$3.67M
$3.32M
$5.05M
$6.27M
$4.01M
$4.47M
$5.96M
$11.90M
Net income
$9.76M
$7.28M
$8.32M
$11.77M
$3.36M
-$7.22M
-$4.63M
$914.00K
-$7.88M
-$1.68M
$1.76M
-$4.37M
EBITDA
$27.40M
$26.12M
$26.73M
$30.96M
$23.99M
$12.13M
$20.26M
$22.03M
$23.84M
$22.51M
$27.04M
$26.31M
EPS (basic)
$0.05
$0.04
$0.04
$0.06
$0.02
$-0.04
$-0.02
$0.00
$-0.04
$-0.01
$0.01
$-0.02
EPS (diluted)
$0.05
$0.04
$0.04
$0.06
$0.01
$-0.04
$-0.02
$0.00
$-0.04
$-0.01
$0.01
$-0.02
Diluted shares
474.00K
187.17M
187.27M
188.42M
387.00K
188.23M
188.82M
188.42M
186.66M
187.55M
189.12M
186.09M
Gross margin
83.7%
83.9%
83.8%
83.0%
79.9%
76.5%
78.0%
77.3%
75.9%
75.9%
76.8%
74.9%
Operating margin
20.1%
17.8%
17.6%
21.2%
13.8%
1.4%
7.1%
8.3%
9.3%
8.4%
11.9%
11.2%
Net margin
9.0%
6.4%
7.0%
10.0%
2.9%
-6.1%
-3.5%
0.7%
-6.1%
-1.3%
1.3%
-3.2%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$153.05M
$139.23M
$157.51M
$174.44M
$85.20M
$94.09M
$93.87M
$101.44M
$111.84M
$117.81M
$115.81M
$92.48M
Receivables
$40.01M
$39.75M
$37.20M
$39.63M
$44.54M
$44.58M
$47.52M
$44.58M
$49.97M
$45.69M
$46.34M
$45.16M
Total current assets
$224.79M
$222.27M
$252.21M
$282.28M
$183.74M
$183.78M
$186.66M
$200.02M
$216.07M
$210.61M
$211.84M
$187.13M
Goodwill
$838.50M
$829.79M
$826.99M
$843.88M
$977.01M
$991.35M
$1.02B
$1.02B
$1.02B
$1.01B
$1.01B
$1.01B
Total assets
$1.16B
$1.15B
$1.17B
$1.22B
$1.34B
$1.35B
$1.39B
$1.40B
$1.41B
$1.40B
$1.40B
$1.36B
Total current liabilities
$81.72M
$73.76M
$84.97M
$93.78M
$150.05M
$153.67M
$151.09M
$160.52M
$184.24M
$169.62M
$162.36M
$168.97M
Short-term debt
$3.50M
$3.50M
$3.50M
$3.50M
$3.50M
$3.50M
$3.50M
$3.50M
$4.00M
$4.00M
$4.00M
$5.18M
Long-term debt
$331.51M
$331.03M
$330.56M
$330.08M
$329.61M
$329.12M
$328.64M
$328.16M
$389.87M
$389.10M
$388.33M
$387.56M
Total debt
$335.01M
$334.53M
$334.06M
$333.58M
$333.11M
$332.62M
$332.14M
$331.66M
$393.87M
$393.10M
$392.33M
$392.73M
Total liabilities
$451.43M
$440.87M
$450.29M
$458.51M
$579.51M
$576.98M
$576.59M
$586.82M
$607.67M
$598.70M
$590.90M
$595.07M
Shareholders' equity
$711.93M
$709.06M
$724.37M
$764.95M
$759.56M
$774.98M
$807.94M
$811.41M
$802.04M
$796.33M
$804.63M
$768.26M
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$31.22M
$4.18M
$27.28M
$21.99M
$25.99M
$19.68M
$24.19M
$24.00M
$25.34M
$17.47M
$26.51M
$28.80M
Capital expenditures
$3.29M
$3.44M
$3.24M
$3.74M
$7.15M
$3.29M
$3.79M
$6.58M
$4.48M
$1.69M
$9.81M
$6.58M
Free cash flow
$27.93M
$746.00K
$24.04M
$18.25M
$18.84M
$16.39M
$20.40M
$17.42M
$20.85M
$15.78M
$16.71M
$22.23M
Investing cash flow
-$5.17M
-$5.13M
-$5.14M
-$5.31M
-$106.83M
-$6.08M
-$6.50M
-$9.43M
-$6.96M
-$4.24M
-$12.50M
-$12.07M
Financing cash flow
-$3.22M
-$11.92M
-$4.96M
-$2.52M
-$3.20M
-$7.29M
-$18.29M
-$11.55M
-$3.49M
-$4.42M
-$14.61M
-$39.15M
Share buybacks
—
—
—
$0
—
—
—
$10.00M
—
—
—
$37.78M
Stock-based compensation
$10.68M
$11.55M
$11.81M
$11.51M
$10.49M
$11.67M
$12.88M
$11.88M
$10.16M
$11.05M
$10.14M
$8.80M
Depreciation & amortization
$5.54M
$5.86M
$5.95M
$6.11M
$8.01M
$10.47M
$10.94M
$11.16M
$11.79M
$11.45M
$10.56M
$10.91M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.