N-able, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $511.4M | $466.1M | $421.9M | $371.8M | $346.5M |
| Cost of revenue | $117.1M | $80.7M | $68.2M | $58.6M | $52.4M |
| Gross profit | $394.4M | $385.5M | $353.7M | $313.2M | $294.0M |
| Research and development | $100.7M | $90.7M | $78.2M | $63.5M | $54.0M |
| Operating expenses | $357.6M | $303.1M | $283.4M | $265.8M | $260.7M |
| Operating income | $36.8M | $82.4M | $70.3M | $47.4M | $33.3M |
| Pretax income | $2.4M | $54.3M | $44.3M | $30.4M | $11.6M |
| Income tax expense | $19.4M | $23.3M | $20.9M | $13.7M | $11.5M |
| Net income | -$17.0M | $31.0M | $23.4M | $16.7M | $113,000 |
| Balance Sheet | |||||
| Cash and equivalents | $111.8M | $85.2M | $153.0M | $98.8M | $66.7M |
| Current assets | $216.4M | $183.9M | $224.8M | $154.2M | $121.0M |
| Total assets | $1.4B | $1.3B | $1.2B | $1.1B | $1.1B |
| Current liabilities | $181.8M | $150.1M | $81.7M | $61.8M | $60.9M |
| Total liabilities | $605.3M | $579.6M | $451.4M | $436.8M | $437.3M |
| Total debt | $400.0M | $338.6M | $342.1M | $345.6M | $349.1M |
| Stockholders' equity | $804.7M | $759.3M | $711.4M | $642.1M | $618.4M |
| Cash Flow Statement | |||||
| Cash from operations | $93.2M | $79.4M | $90.1M | $71.4M | $45.3M |
| Depreciation and amortization | $44.1M | $25.7M | $21.6M | $24.4M | $33.8M |
| Stock-based compensation | $46.6M | $45.4M | $43.6M | $36.5M | $29.4M |
| Capital expenditure | $18.1M | $17.6M | $13.8M | $12.8M | $30.7M |
| Free cash flow | $75.1M | $61.9M | $76.3M | $58.6M | $14.7M |
| Share repurchases | $30.0M | $0 | $0 | — | — |
Shares outstanding 188.4M · Free float 30.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.