N-able, Inc. (NABL) Balance Sheet
NABL balance sheet, 2025
December 31, 2025 · U.S. dollars$1.41B assets = $605.3M liabilities + $804.7M equity
Both columns are drawn to the same scale: what NABL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NABL financial health
Descriptive bands, not a rating. Fiscal 2025.
NABL balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.08B2018 | $1.41B2025 | +3.9%/yr | |
| Total liabilities | $523.7M2018 | $605.3M2025 | +2.1%/yr | |
| Shareholders’ equity | $551.7M2018 | $804.7M2025 | +5.5%/yr | |
| Cash & short-term investments | $77.9M2018 | $111.8M2025 | +5.3%/yr | |
| Total debt | $450.0M2018 | $459.6M2025 | +0.3%/yr | |
| Net cash (debt) | −$372.1M2018 | −$347.8M2025 | +$24.3M | |
| Working capital | $50.3M2018 | $34.6M2025 | −$15.7M | |
| Book value per share | $1.752018 | $4.282025 | +13.7%/yr | |
| Current ratio | 1.922018 | 1.192025 | −0.73 | |
| Debt / equity | 0.822018 | 0.572025 | −0.24 | |
| Shares outstanding | 315.4M2018 | 187.8M2025 | −7.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NABL assets
NABL liabilities and equity
NABL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NABL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $111.8M | $85.2M | $153.0M | $98.8M | $66.7M | $99.8M | $39.3M | $77.9M |
| Cash & equivalents | $111.8M | $85.2M | $153.0M | $98.8M | $66.7M | $99.8M | $39.3M | $77.9M |
| Receivables | $83.1M | $85.4M | $48.0M | $42.6M | $40.3M | $30.3M | $27.0M | $22.1M |
| Inventory | $0 | $0 | $1 | $0 | $1 | $0 | $0 | $0 |
| Other current assets | $21.5M | $13.3M | $23.7M | $12.7M | $14.0M | $5.6M | $5.1M | $4.8M |
| Total current assets | $216.4M | $183.9M | $224.8M | $154.2M | $121.0M | $135.7M | $71.4M | $104.8M |
| Property, plant & equipment (net) | $66.6M | $64.2M | $68.9M | $69.2M | $75.0M | $33.3M | $23.7M | $13.2M |
| Goodwill & intangible assets | $1.09B | $1.06B | $845.2M | $837.7M | $849.0M | $901.5M | $911.4M | $952.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $37.8M | $30.6M | $23.9M | $17.9M | $10.8M | $9.3M | $7.3M | $5.0M |
| Total assets | $1.41B | $1.34B | $1.16B | $1.08B | $1.06B | $1.08B | $1.01B | $1.08B |
| Liabilities | ||||||||
| Accounts payable | $9.0M | $6.3M | $5.2M | $3.5M | $5.9M | $5.5M | $2.0M | $6.4M |
| Short-term debt | $11.2M | $9.5M | $9.9M | $9.3M | $8.3M | $2.9M | $2.1M | — |
| Deferred revenue | $24.5M | $24.0M | $12.6M | $11.7M | $10.7M | $9.5M | $7.9M | — |
| Total current liabilities | $181.8M | $150.1M | $81.7M | $61.8M | $60.9M | $54.8M | $32.8M | $54.5M |
| Long-term debt | $389.9M | $329.6M | $331.5M | $333.5M | $335.4M | $372.6M | $394.4M | $0 |
| Lease obligations | $36.5M | $36.1M | $39.5M | $38.9M | $42.7M | $17.5M | $14.0M | — |
| Other long-term liabilities | $33.6M | $99.9M | $38.2M | $41.5M | $41.1M | $21.1M | $22.9M | $469.3M |
| Total liabilities | $605.3M | $579.6M | $451.4M | $436.8M | $437.3M | $448.5M | $450.1M | $523.7M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $190,000 | $187,000 | $183,000 | $181,000 | $179,000 | $582.2M | $557.1M | $537.3M |
| Retained earnings (deficit) | $54.2M | $71.2M | $40.2M | $16.8M | $127,000 | $0 | — | — |
| Accumulated other comprehensive income | $33.7M | −$21.1M | $4.4M | −$7.8M | $15.1M | $49.0M | $6.6M | $14.5M |
| Total shareholders' equity | $804.7M | $759.3M | $711.4M | $642.1M | $618.4M | $631.2M | $563.7M | $551.7M |
| Key figures | ||||||||
| Total debt | $459.6M | $369.2M | $374.5M | $375.9M | $381.5M | $390.2M | $408.4M | $450.0M |
| Net cash (debt) | −$347.8M | −$284.0M | −$221.5M | −$277.0M | −$314.8M | −$290.4M | −$369.1M | −$372.1M |
| Working capital | $34.6M | $33.8M | $143.1M | $92.3M | $60.1M | $80.9M | $38.6M | $50.3M |
| Tangible book value | −$284.4M | −$300.9M | −$133.9M | −$195.6M | −$230.6M | −$270.3M | −$347.7M | −$400.8M |
| Book value per share | $4.28 | $4.03 | $3.82 | $3.54 | $3.45 | $2.00 | $1.79 | $1.75 |
| Shares outstanding | 187.8M | 188.4M | 186.0M | 181.3M | 179.0M | 315.4M | 315.4M | 315.4M |
| Current ratio | 1.19 | 1.23 | 2.75 | 2.49 | 1.99 | 2.48 | 2.18 | 1.92 |
| Quick ratio | 1.07 | 1.14 | 2.46 | 2.29 | 1.76 | 2.37 | 2.02 | 1.84 |
| Debt / equity | 0.57 | 0.49 | 0.53 | 0.59 | 0.62 | 0.62 | 0.72 | 0.82 |
| Equity / assets | 57.1% | 56.7% | 61.2% | 59.5% | 58.6% | 58.5% | 55.6% | 51.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $115.8M | $117.8M | $111.8M | $101.4M | $93.9M | $94.1M | $85.2M | $174.4M | $157.5M | $139.2M | $153.0M | $127.4M |
| Cash & equivalents | $115.8M | $117.8M | $111.8M | $101.4M | $93.9M | $94.1M | $85.2M | $174.4M | $157.5M | $139.2M | $153.0M | $127.4M |
| Receivables | $46.3M | $69.6M | $83.1M | $79.1M | $75.1M | $70.1M | $57.7M | $92.5M | $68.4M | $50.2M | $48.0M | $55.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $0 |
| Other current assets | $49.7M | $20.6M | $21.5M | $19.8M | $17.7M | $19.6M | $41.0M | $15.4M | $26.3M | $32.8M | $23.7M | $20.7M |
| Total current assets | $211.8M | $208.0M | $216.4M | $200.3M | $186.7M | $183.8M | $183.9M | $282.3M | $252.2M | $222.3M | $224.8M | $203.9M |
| Property, plant & equipment (net) | $43.4M | $72.9M | $66.6M | $68.9M | $68.0M | $65.3M | $64.2M | $64.2M | $64.1M | $66.1M | $68.9M | $66.4M |
| Goodwill & intangible assets | $1.07B | $1.07B | $1.09B | $1.09B | $1.10B | $1.07B | $1.06B | $849.3M | $832.6M | $835.9M | $845.2M | $828.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $72.9M | $39.8M | $37.8M | $35.0M | $33.8M | $33.0M | $30.6M | $27.7M | $25.8M | $25.7M | $23.9M | $23.5M |
| Total assets | $1.40B | $1.40B | $1.41B | $1.40B | $1.39B | $1.35B | $1.34B | $1.22B | $1.17B | $1.15B | $1.16B | $1.12B |
| Liabilities | ||||||||||||
| Accounts payable | $17.7M | $13.7M | $9.0M | $8.0M | $7.6M | $3.7M | $6.3M | $6.5M | $6.2M | $4.0M | $5.2M | $3.6M |
| Short-term debt | $11.3M | $10.4M | $11.2M | $10.5M | $10.4M | $10.2M | $9.5M | $9.6M | $9.4M | $9.8M | $9.9M | $9.3M |
| Deferred revenue | $20.9M | $20.7M | $24.5M | $17.1M | $20.6M | $23.0M | $24.0M | $10.9M | $10.5M | $12.9M | $12.6M | $11.5M |
| Total current liabilities | $162.4M | $167.4M | $181.8M | $158.4M | $151.1M | $153.7M | $150.1M | $93.8M | $85.0M | $73.8M | $81.7M | $79.6M |
| Long-term debt | $388.3M | $389.1M | $389.9M | $328.2M | $328.6M | $329.1M | $329.6M | $330.1M | $330.6M | $331.0M | $331.5M | $332.0M |
| Lease obligations | $44.2M | $42.6M | $36.5M | $37.4M | $39.2M | $37.5M | $36.1M | $38.3M | $36.1M | $37.9M | $39.5M | $36.7M |
| Other long-term liabilities | $40.2M | $40.0M | $33.6M | $98.1M | $96.9M | $94.2M | $99.9M | $34.6M | $34.8M | $36.1M | $38.2M | $36.4M |
| Total liabilities | $590.9M | $596.5M | $605.3M | $584.7M | $576.6M | $577.0M | $579.6M | $458.5M | $450.3M | $440.9M | $451.4M | $448.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $193,000 | $191,000 | $190,000 | $190,000 | $190,000 | $189,000 | $187,000 | $186,000 | $185,000 | $185,000 | $183,000 | $183,000 |
| Retained earnings (deficit) | $52.8M | $53.6M | $54.2M | $61.4M | $60.0M | $64.0M | $71.2M | $67.9M | $57.2M | $47.7M | $40.2M | $30.9M |
| Accumulated other comprehensive income | $17.7M | $20.7M | $33.7M | $67.7M | $32.6M | −$4.7M | −$21.1M | $10.8M | −$9.0M | −$6.0M | $4.4M | −$13.9M |
| Total shareholders' equity | $804.6M | $798.8M | $804.7M | $813.4M | $809.4M | $775.1M | $759.3M | $765.0M | $724.4M | $709.1M | $711.4M | $674.7M |
| Key figures | ||||||||||||
| Total debt | $436.5M | $435.7M | $459.6M | $369.0M | $371.4M | $370.1M | $369.2M | $371.9M | $370.2M | $372.4M | $374.5M | $372.2M |
| Net cash (debt) | −$320.7M | −$317.8M | −$347.8M | −$267.6M | −$277.5M | −$276.0M | −$284.0M | −$197.4M | −$212.7M | −$233.2M | −$221.5M | −$244.7M |
| Working capital | $49.5M | $40.6M | $34.6M | $42.0M | $35.6M | $30.1M | $33.8M | $188.5M | $167.2M | $148.5M | $143.1M | $124.3M |
| Tangible book value | −$262.8M | −$275.8M | −$284.4M | −$280.5M | −$288.1M | −$294.9M | −$300.9M | −$84.3M | −$108.2M | −$126.9M | −$133.9M | −$154.1M |
| Book value per share | $4.25 | $4.26 | $4.31 | $4.32 | $4.29 | $4.12 | $4.03 | $4.07 | $3.87 | $3.79 | $3.81 | $3.62 |
| Shares outstanding | 189.1M | 187.5M | 186.7M | 188.4M | 188.8M | 188.2M | 188.4M | 188.1M | 187.3M | 187.2M | 186.5M | 186.2M |
| Current ratio | 1.30 | 1.24 | 1.19 | 1.27 | 1.24 | 1.20 | 1.23 | 3.01 | 2.97 | 3.01 | 2.75 | 2.56 |
| Quick ratio | 1.00 | 1.12 | 1.07 | 1.14 | 1.12 | 1.07 | 0.95 | 2.85 | 2.66 | 2.57 | 2.46 | 2.30 |
| Debt / equity | 0.54 | 0.55 | 0.57 | 0.45 | 0.46 | 0.48 | 0.49 | 0.49 | 0.51 | 0.53 | 0.53 | 0.55 |
| Equity / assets | 57.7% | 57.3% | 57.1% | 58.2% | 58.4% | 57.3% | 56.7% | 62.5% | 61.7% | 61.7% | 61.2% | 60.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
NABL financial position
At the end of fiscal 2025 (December 31, 2025), N-able had total assets of $1.4 billion (up 5.3% from a year earlier), total liabilities of $605.3 million and shareholders' equity of $804.7 million. It held $111.8 million in cash and short-term investments against $459.6 million of debt, net debt of $347.8 million. Its current ratio was 1.19. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $804.6 million.
Related: NABL income statement, NABL cash flow statement, NABL key metrics. See the NABL stock overview for the latest quote and news.
NABL balance sheet FAQ
What are N-able's total assets?
N-able reported total assets of $1.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does N-able have?
N-able had $459.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.57.
How much cash does N-able have?
N-able held $111.8 million in cash and short-term investments at the end of fiscal 2025; with $459.6 million of debt that is net debt of $347.8 million.
What is N-able's book value?
N-able's shareholders' equity (book value) was $804.7 million at the end of fiscal 2025, or $4.28 per share.
What is N-able's current ratio?
N-able had current assets of $216.4 million and current liabilities of $181.8 million, a current ratio of 1.19 (it can cover its short-term obligations).
How much goodwill does N-able have?
N-able carried $1.1 billion of goodwill and intangible assets, 77.2% of total assets, at the end of fiscal 2025.