N-able, Inc. income statement
In fiscal 2025, N-able, Inc. reported revenue of $509m, up 9.3% on the year before, operating income of $33.9m (a 6.7% margin) and net income of −$18.8m, or −$0.10 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 264 | 303 | 346 | 372 | 422 | 466 | 509 | 531 |
| Cost of revenue | 57 | 63 | 52 | 59 | 68 | 81 | 117 | 125 |
| Gross profit | 206 | 240 | 294 | 313 | 354 | 385 | 391 | 406 |
| Research and development | 37 | 43 | 54 | 63 | 78 | 91 | 101 | 103 |
| Selling and marketing | 70 | 82 | 113 | 125 | 135 | 136 | 163 | 166 |
| General and administrative | 39 | 57 | 81 | 71 | 70 | 76 | 92 | 85 |
| Operating income | 37 | 34 | 33 | 47 | 70 | 82 | 34 | 50 |
| Income before tax | 3 | 5 | 12 | 30 | 45 | 54 | −0 | 14 |
| Income tax | 6 | 12 | 11 | 14 | 21 | 23 | 19 | 21 |
| Net income | −3 | −7 | 0 | 17 | 24 | 31 | −19 | 4 |
| Diluted EPS | −$0.02 | −$0.05 | $0.00 | $0.09 | $0.13 | $0.16 | −$0.10 | $0.02 |
| Diluted shares (average) | 158m | 158m | 169m | 181m | 186m | 188m | 188m | 188m |
| EBITDA | 91 | 90 | 67 | 72 | 92 | 108 | 78 | 95 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 117 | 116 | 118 | 131 | 131 | 129 | 132 | 138 |
| Cost of revenue | 20 | 23 | 28 | 29 | 30 | 31 | 32 | 32 |
| Gross profit | 98 | 93 | 90 | 102 | 101 | 98 | 101 | 106 |
| Research and development | 23 | 23 | 24 | 26 | 25 | 25 | 26 | 27 |
| Selling and marketing | 32 | 35 | 40 | 42 | 40 | 40 | 43 | 43 |
| General and administrative | 17 | 19 | 24 | 23 | 24 | 20 | 20 | 20 |
| Operating income | 25 | 16 | 2 | 9 | 11 | 12 | 11 | 16 |
| Income before tax | 20 | 7 | −4 | 0 | 7 | −4 | 3 | 8 |
| Income tax | 8 | 4 | 3 | 5 | 6 | 4 | 4 | 6 |
| Net income | 12 | 3 | −7 | −5 | 1 | 3 | −2 | 2 |
| Diluted EPS | $0.06 | $0.01 | −$0.04 | −$0.02 | $0.00 | $0.02 | −$0.01 | $0.01 |
| EBITDA | 31 | 24 | 12 | 20 | 22 | 24 | 23 | 27 |
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