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N-able, Inc.

NABL Clue Score47
United States Fiscal year ends December CIK 0001834488
$4.63 +2.89% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $4.63 −63.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Jul 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue263.5Operating income36.6Net income−2.5EPS, diluted−0.02Fiscal year 2020Revenue302.9 +14.9%Operating income33.8Net income−7.2EPS, diluted−0.05Fiscal year 2021Revenue346.5 +14.4%Operating income33.3Net income0.1EPS, diluted0.00Fiscal year 2022Revenue371.8 +7.3%Operating income47.4Net income16.7 +14,685.0%EPS, diluted0.09Fiscal year 2023Revenue422.2 +13.6%Operating income70.4Net income23.8 +42.6%EPS, diluted0.13 +44.4%Fiscal year 2024Revenue465.6 +10.3%Operating income81.9Net income30.7 +29.1%EPS, diluted0.16 +23.1%Fiscal year 2025Revenue508.8 +9.3%Operating income33.9Net income−18.8 −161.2%EPS, diluted−0.10 −162.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 263.5 302.9 346.5 371.8 422.2 465.6 508.8
Growth +14.9% +14.4% +7.3% +13.6% +10.3% +9.3%
Operating income 36.6 33.8 33.3 47.4 70.4 81.9 33.9
Net income −2.5 −7.2 0.1 16.7 23.8 30.7 −18.8
Growth +14,685.0% +42.6% +29.1% −161.2%
EPS, diluted −0.02 −0.05 0.00 0.09 0.13 0.16 −0.10
Growth +44.4% +23.1% −162.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin78.2%Operating margin13.9%Net margin−1.0%Free cash flow margin7.5%Fiscal year 2020Gross margin79.1%Operating margin11.1%Net margin−2.4%Free cash flow margin24.3%Fiscal year 2021Gross margin84.9%Operating margin9.6%Net margin0.0%Free cash flow margin4.2%Fiscal year 2022Gross margin84.2%Operating margin12.7%Net margin4.5%Free cash flow margin15.8%Fiscal year 2023Gross margin83.8%Operating margin16.7%Net margin5.6%Free cash flow margin18.1%Fiscal year 2024Gross margin82.6%Operating margin17.6%Net margin6.6%Free cash flow margin13.3%Fiscal year 2025Gross margin76.9%Operating margin6.7%Net margin−3.7%Free cash flow margin14.8%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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%
Free cash flow margin 7.5% 24.3% 4.2% 15.8% 18.1% 13.3% 14.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow25.5Capital expenditure−5.8Free cash flow19.7Fiscal year 2020Operating cash flow85.7Capital expenditure−11.9Free cash flow73.7 +273.5%Fiscal year 2021Operating cash flow45.3Capital expenditure−30.7Free cash flow14.7 −80.1%Fiscal year 2022Operating cash flow71.4Capital expenditure−12.8Free cash flow58.6 +299.1%Fiscal year 2023Operating cash flow90.1Capital expenditure−13.8Free cash flow76.3 +30.3%Fiscal year 2024Operating cash flow79.4Capital expenditure−17.6Free cash flow61.9 −18.9%Fiscal year 2025Operating cash flow93.2Capital expenditure−18.1Free cash flow75.1 +21.3%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 25.5 85.7 45.3 71.4 90.1 79.4 93.2
Capital expenditure −5.8 −11.9 −30.7 −12.8 −13.8 −17.6 −18.1
Free cash flow 19.7 73.7 14.7 58.6 76.3 61.9 75.1
Growth +273.5% −80.1% +299.1% +30.3% −18.9% +21.3%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash39.3Shareholders’ equity563.7Fiscal year 2020Cash99.8Total debt0.0Net cash (debt)99.8Shareholders’ equity631.2Debt to equity0.00Fiscal year 2021Cash66.7Total debt338.9Net cash (debt)−272.1Shareholders’ equity618.4Debt to equity0.55Fiscal year 2022Cash98.8Total debt337.0Net cash (debt)−238.1Shareholders’ equity642.2Debt to equity0.52Fiscal year 2023Cash153.0Total debt335.0Net cash (debt)−182.0Shareholders’ equity711.9Debt to equity0.47Fiscal year 2024Cash85.2Total debt333.1Net cash (debt)−247.9Shareholders’ equity759.6Debt to equity0.44Fiscal year 2025Cash111.8Total debt393.9Net cash (debt)−282.0Shareholders’ equity802.0Debt to equity0.49
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 39.3 99.8 66.7 98.8 153.0 85.2 111.8
Total debt n/a 0.0 338.9 337.0 335.0 333.1 393.9
Net cash (debt) n/a 99.8 −272.1 −238.1 −182.0 −247.9 −282.0
Shareholders’ equity 563.7 631.2 618.4 642.2 711.9 759.6 802.0
Debt to equity n/a 0.00 0.55 0.52 0.47 0.44 0.49

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
263.5 302.9 346.5 371.8 422.2 465.6 508.8
Growth +14.9% +14.4% +7.3% +13.6% +10.3% +9.3%
57.3 63.2 52.4 58.6 68.3 80.9 117.4
206.2 239.7 294.0 313.2 353.9 384.7 391.5
Growth +16.2% +22.7% +6.5% +13.0% +8.7% +1.8%
37.2 42.7 54.0 63.5 78.2 90.7 100.7
39.0 57.3 80.6 71.1 70.1 76.2 91.7
36.6 33.8 33.3 47.4 70.4 81.9 33.9
Growth −7.8% −1.3% +42.2% +48.5% +16.4% −58.6%
3.2 4.9 11.6 30.4 44.7 54.1 −0.2
5.7 12.0 11.5 13.7 20.9 23.3 18.6
−2.5 −7.2 0.1 16.7 23.8 30.7 −18.8
Growth +14,685.0% +42.6% +29.1% −161.2%
Per share
−0.02 −0.05 0.00 0.09 0.13 0.17 −0.10
−0.02 −0.05 0.00 0.09 0.13 0.16 −0.10
Growth +44.4% +23.1% −162.5%
158.1 158.1 167.5 180.1 182.4 185.3 187.8
158.1 158.1 168.7 181.3 186.0 188.4 187.8
Growth +0.0% +6.7% +7.5% +2.6% +1.3% −0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.9% a year over five years.
  • The diluted share count rose 18.8% in five years, which is dilution.
  • Operating margin is down 4.5 points on five years ago, at 6.7%.
  • A net loss in 3 of 7 years on file.