N-able, Inc. (NABL) AI Stock Analysis

NYSE: NABLAI research summary: business, growth, valuation, analysts, bull and bear case.

NABL AI stock analysis summary

AI Research

N-able, Inc. provides cloud-based software solutions designed for managed service providers serving small and medium-sized enterprises. Revenue expanded at an 11.0% five-year CAGR to $511.4M in FY2025, but the company posted a net loss of -$17.0M that year. While generating $75.1M in free cash flow during FY2025, the company carries $320.7M in net debt and saw its stock drop 41.4% over the past year.

Market cap
$846.3M
Revenue (TTM)
$533.4M
P/E
—
fwd 9.7x
1Y return
-41.4%
S&P 500 16.8%
Avg. target
$4.68
4.5% vs last close

Bull case

  • N-able delivered solid cash flow generation in FY2025, producing $75.1M in free cash flow and $93.2M in operating cash flow.
  • The stock trades at a forward P/E of 9.7x and an EV/EBITDA of 11.3x, both below the US-listed Technology peer medians of 18.8x and 16.6x.
  • Long-term top-line expansion remains steady, with revenue rising at an 11.0% CAGR between FY2020 and FY2025.

Bear case

  • Profitability weakened significantly as net income swung from $31.0M in FY2024 to -$17.0M in FY2025.
  • Quarterly earnings fell 87.3% year-over-year in the period ended June 30, 2026, accompanied by a trailing twelve-month net loss of -$0.03 per share.
  • The balance sheet carries $436.5M in total debt against $115.8M in cash, resulting in net debt of $320.7M.

What N-able does

Founded in 2000 and based in Burlington, Massachusetts, N-able, Inc. provides cloud-based software solutions tailored for managed service providers (MSPs) across the United States, the United Kingdom, and international markets. The platform operates as an enterprise-grade operating system supporting digital transformation for small and medium-sized enterprises. Its product portfolio spans remote monitoring and management for IT systems, comprehensive security and data protection tools such as endpoint security, patch management, and vulnerability assessments, as well as business management tools that include professional services automation, scripting, and analytics.

Growth and profitability

N-able grew revenue from $346.5M in FY2021 to $511.4M in FY2025, achieving an 11.0% five-year revenue CAGR. Gross margin contracted from 84.9% in FY2021 to 76.8% in FY2025, while operating margin shifted from 9.6% to 11.3% over the same span. Net income peaked at $31.0M in FY2024 before dropping to -$17.0M in FY2025 with a net margin of -3.3%. For the trailing twelve months, revenue reached $533.4M with a net loss per share of -$0.03. In the latest quarter ended June 30, 2026, revenue increased 5.9% year-over-year, while quarterly earnings dropped 87.3%.

NABL income statement →

Balance sheet and cash flow

As of June 30, 2026, N-able held $115.8M in cash and short-term investments against $436.5M in total debt, leaving net debt at $320.7M. The company has a current ratio of 1.30 and a debt-to-equity ratio of 0.54 alongside shareholders' equity of $804.6M. Cash generation remained positive, with operating cash flow of $93.2M and free cash flow of $75.1M in FY2025. Capital allocation that year included $18.1M in capital expenditures and $30.0M deployed toward share buybacks.

NABL balance sheet →

Valuation and performance

N-able closed at $4.48 on October 16, 2026, giving it a market capitalization of $846.3M and an enterprise value of $1.10B. The stock trades at a forward P/E of 9.7x, an EV/EBITDA of 11.3x, and a price-to-sales ratio of 1.6x. These valuation multiples are lower than the median of its US-listed Technology peers, which sit at a forward P/E of 18.8x, EV/EBITDA of 16.6x, and price-to-sales of 2.8x. Over the past year, N-able returned -41.4%, underperforming the 16.8% gain for the S&P 500 (SPY).

NABL key metrics →

What analysts expect

Wall Street analyst coverage consists of 1 Strong Buy, 1 Buy, 3 Holds, and 1 Sell recommendation. The mean price target is $4.68, representing 4.5% upside from the last close of $4.48. Consensus estimates project FY2026 revenue of $540.8M with an EPS of $0.39, followed by $574.1M in revenue and $0.43 in EPS for FY2027. Over the last four quarters, the company topped EPS estimates once. The next earnings announcement is scheduled for November 5, 2026.

NABL forecast and price target →

Key risks and what to watch

  • Gross margins have narrowed steadily from 84.9% in FY2021 down to 76.8% in FY2025.
  • The company's earnings track record shows inconsistent execution, beating EPS estimates only 1 time over the last 4 quarters.
  • Year-over-year quarterly revenue growth slowed to 5.9% in the latest quarter, below the US-listed Technology peer median of 11.6%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this NABL AI stock analysis

This page is an AI-written research summary of N-able, Inc. (NABL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NABL income statement, NABL balance sheet, NABL key metrics, NABL analyst forecast, NABL chart. See the NABL stock overview for the latest quote and news.

NABL AI stock analysis FAQ

Does N-able pay a dividend?

No, N-able does not pay a dividend. Capital allocation in FY2025 focused on $18.1M in capital expenditures and $30.0M in share buybacks.

What is N-able's net debt position?

As of June 30, 2026, N-able had $115.8M in cash and short-term investments and $436.5M in total debt, resulting in net debt of $320.7M.

What is the consensus analyst target price for NABL?

The mean analyst price target is $4.68, which represents a 4.5% premium to the last closing price of $4.48.

How fast is N-able growing revenue?

N-able increased revenue at an 11.0% CAGR from FY2020 through FY2025, reaching $511.4M. For the quarter ended June 30, 2026, year-over-year revenue growth was 5.9%.

More Technology AI stock analysis