NABL on NYSE

N-able, Inc.

The technology landscape is changing rapidly.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerNABL on NYSE1
  • IndustryServices-Prepackaged Software1
  • HeadquartersWilmington, Delaware1
  • Business address1209 Orange Street, Wilmington, De 198012
  • Filer categoryLarge accelerated filer2

The technology landscape is changing rapidly. Cyberthreats are increasing in speed, sophistication, and scale, while the growth of hybrid systems, multi-cloud infrastructure, data volumes, SaaS applications, and AI-enabled processes is driving IT complexity. In this environment, secure and efficient digital operations are essential to overall business health. We are a leading global cybersecurity provider, helping protect businesses from evolving cyberthreats and navigate this fast-changing landscape.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

76.9%Gross margin4
6.7%Operating margin4
-3.7%Net margin4
9.3%Revenue growth, 20254
-2.3%Return on equity4
0.49×Debt to equity4
$75.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription Revenue brought in 99% of the revenue N-able, Inc. broke down this way in fiscal 2025.

  1. Subscription Revenue$503.7M499%up 10% from 2024
  2. Other Revenue$5.2M41%down 28% from 2024
Products and services by year
Products and services202320242025
Subscription Revenue$412.4M$458.4M$503.7M
Other Revenue$9.8M$7.2M$5.2M

Regions

United States brought in 50% of the revenue N-able, Inc. broke down this way in fiscal 2025.

  1. United States$252.6M450%up 13% from 2024
  2. Non-US, Excluding United Kingdom$204.3M440%up 6% from 2024
  3. United Kingdom$51.9M410%up 7% from 2024
Regions by year
Regions202320242025
United States$206.0M$224.2M$252.6M
Non-US, Excluding United Kingdom$173.0M$192.7M$204.3M
United Kingdom$43.2M$48.7M$51.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue23¢$117.4M
  • Research and development20¢$100.7M
  • Other costs53¢$272.1M
  • Income tax4¢$18.6M

Out of $508.8M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending19¢$18.1M
  • Kept or used elsewhere81¢$75.1M

Out of $93.2M of cash from operations.4

Financial statements

Revenue56784$508.8M in 2025+93% since 2019
0$200.0M$400.0M$600.0M2019: $263.5M$263.5M20192020: $302.9M$302.9M2020+15%2021: $346.5M$346.5M2021+14%2022: $371.8M$371.8M2022+7%2023: $422.2M$422.2M2023+14%2024: $465.6M$465.6M2024+10%2025: $508.8M$508.8M2025+9%
Gross profit56784$391.5M in 2025+90% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $206.2M$206.2M20192020: $239.7M$239.7M2020+16%2021: $294.0M$294.0M2021+23%2022: $313.2M$313.2M2022+7%2023: $353.9M$353.9M2023+13%2024: $384.7M$384.7M2024+9%2025: $391.5M$391.5M2025+2%
Operating income56784$33.9M in 2025−7% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $36.6M$36.6M20192020: $33.8M$33.8M2020−8%2021: $33.3M$33.3M2021−1%2022: $47.4M$47.4M2022+42%2023: $70.4M$70.4M2023+48%2024: $81.9M$81.9M2024+16%2025: $33.9M$33.9M2025−59%
Net income56784-$18.8M in 2025+649% since 2019
-$20.0M0$20.0M$40.0M2019: -$2.5M-$2.5M20192020: -$7.2M-$7.2M2020+185%2021: $113.0K$113.0K20212022: $16.7M$16.7M2022+14685%2023: $23.8M$23.8M2023+43%2024: $30.7M$30.7M2024+29%2025: -$18.8M-$18.8M2025

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.4

Period ending2025-12-312024-12-312023-12-31
Subscription and other revenue$508.8M$465.6M$422.2M
Cost of revenue$100.5M$77.4M$66.4M
Amortization of acquired technologies$16.9M$3.5M$1.8M
Total cost of revenue$117.4M$80.9M$68.3M
Gross profit$391.5M$384.7M$353.9M
Sales and marketing$163.2M$135.6M$134.7M
Research and development$100.7M$90.7M$78.2M
General and administrative$91.7M$76.2M$70.1M
Amortization of acquired intangibles$2.0M$278.0K$597.0K
Total operating expenses$357.6M$302.8M$283.5M
Operating income$33.9M$81.9M$70.4M
Interest expense, net-$36.0M-$30.0M-$30.3M
Other income, net$1.9M$2.2M$4.6M
Total other expense, net-$34.1M-$27.8M-$25.6M
(Loss) income before income taxes-$167.0K$54.1M$44.7M
Income tax expense$18.6M$23.3M$20.9M
Net (loss) income-$18.8M$30.7M$23.8M
Basic earnings per share (in dollars per share)-$0.10$0.17$0.13
Diluted earnings per share (in dollars per share)-$0.10$0.16$0.13
Shares used in computation of basic earnings per share (in shares)187.8M shares185.3M shares182.4M shares
Shares used in computation of diluted earnings per share (in shares)187.8M shares188.4M shares186.0M shares

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Leadership

Who has led N-able, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Former names

  • N-able, LLCMar 26, 2021 to Apr 6, 20212
  • SWI Spinco, LLCDec 4, 2020 to Mar 2, 20212

Timeline

  1. Jun 25, 2021New chief executive John Pagliuca becomes CEO11

Filings

357 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 40 major events, 228 insider forms, 16 large holders, 51 other. The latest 20:

  1. Aug 28, 20268-K EDGAR
  2. Aug 20, 20264 EDGAR
  3. Aug 18, 20264 EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 18, 20264 EDGAR
  8. Aug 10, 202610-Q EDGAR
  9. Aug 10, 202610-K/A EDGAR
  10. Aug 10, 20268-K EDGAR
  11. Jul 24, 20268-K/A EDGAR
  12. Jul 21, 20263 EDGAR
  13. Jul 13, 20268-K EDGAR
  14. Jun 17, 20268-K EDGAR
  15. Jun 2, 20268-K EDGAR
  16. Jun 1, 20264 EDGAR
  17. Jun 1, 20264 EDGAR
  18. Jun 1, 20264 EDGAR
  19. Jun 1, 20264 EDGAR
  20. Jun 1, 20264 EDGAR

The 357 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

25 open-market trades by officers, directors and large owners since October 2021: 0 buys and 25 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2025Adler Michael IEVP, CTPOSale31,728$7.72$244.9KForm 4
Aug 18, 2025Johnson AnnDirectorSale34,568$7.70$266.2KForm 4
Aug 29, 2024Anastos Peter CEVP, GC, SecretarySale16,000$13.04$208.6KForm 4
Aug 16, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale44,151$12.77$563.8KForm 4
Aug 15, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale14,640$12.82$187.7KForm 4
Aug 14, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale7,508$12.80$96.1KForm 4
Aug 13, 2024Anastos Peter CEVP, GC, SecretarySale25,010$12.81$320.4KForm 4
Aug 13, 2024Colletti FrankEVP, Chief Revenue OfficerSale10,000$12.86$128.6KForm 4
Aug 13, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale66,862$12.94$865.2KForm 4
Aug 12, 2024Pagliuca JohnPresident and CEOSale150,956$12.77$1.9MForm 4
Aug 12, 2024Johnson AnnDirectorSale21,200$12.79$271.1KForm 4
Aug 12, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale11,195$12.84$143.7KForm 4
Jul 1, 2024Colletti FrankEVP, Chief Revenue OfficerSale3,333$15.24$50.8KForm 4
Jun 27, 2024Pai KathleenEVP, Chief People OfficerSale13,390$15.02$201.1KForm 4
Jun 25, 2024Pai KathleenEVP, Chief People OfficerSale300$15.00$4.5KForm 4
Jun 24, 2024Pai KathleenEVP, Chief People OfficerSale4,709$15.04$70.8KForm 4
May 29, 2024Colletti FrankEVP, Chief Revenue OfficerSale20,000$13.77$275.4KForm 4
Aug 22, 2023Anastos Peter CEVP, GC, SecretarySale11,000$13.13$144.4KForm 4
Aug 18, 2023Pagliuca JohnPresident and CEOSale38,894$13.23$514.6KForm 4
May 15, 2023O'Brien Tim JamesEVP, Chief Financial OfficerSale7,500$14.08$105.6KForm 4

All 25 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Silver Lake Group, L.L.C.61,473,869$225.6M4.9%No change
Thoma Bravo, L.P.50,090,643$183.8M2.5%No change
BlackRock, Inc.11,733,980$43.1M0.0%−761,130
Dimensional Fund Advisors LP5,064,520$18.6M0.0%+294,394
Vanguard Portfolio Management LLC4,510,843$16.6M0.0%−1,330,062
State Street Corp4,226,862$15.5M0.0%+308,443
Nomura Asset Management International Inc.4,151,792$15.2M0.0%−115,700
Vanguard Capital Management LLC3,320,148$12.2M0.0%−122,099
AlpInvest Partners B.V.2,386,000$8.8M14.6%No change
Jpmorgan Chase & Co2,285,876$8.4M0.0%+1,804,292
Dana Investment Advisors, Inc.2,033,966$7.5M0.2%+575,185
Morgan Stanley1,976,654$7.3M0.0%+285,513
Defiance ETFs, LLC1,788,462$7.0M0.1%−47,496
Topline Capital Management, LLC1,902,005$7.0M1.8%−49,981
Ameriprise Financial Inc1,898,352$7.0M0.0%+1,456,274
Geode Capital Management, LLC1,877,191$6.9M0.0%+187,122
Two Sigma Investments, LP1,863,171$6.8M0.0%+740,313
Hotchkis & Wiley Capital Management LLC1,849,480$6.8M0.0%+558,020
Aqr Capital Management LLC1,351,895$5.0M0.0%+78,424
Goldman Sachs Group Inc1,348,153$4.9M0.0%+727,029
Wellington Management Group Llp1,295,268$4.8M0.0%+1,716
Lexington Partners L.P.1,239,867$4.6M3.4%No change
UBS Group AG959,212$3.5M0.0%+446,511
Jump Financial, LLC856,422$3.1M0.0%+733,113
Bank Of America Corp /de/843,172$3.1M0.0%+129,303

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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