N-able, Inc. (NABL) Income Statement
NABL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNABL revenue and net income
Where NABL's revenue goes
2025Each bar shows an amount and its share of revenue. NABL kept −3.3% of revenue as net income.
NABL profit margins
NABL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.7% | +11.2% | +11.0% | — |
| Gross profit | +1.9% | +7.9% | +10.4% | — |
| Operating income | −30.0% | +6.8% | +11.3% | — |
| Net income | −155.0% | — | — | — |
| EPS (diluted) | −35.4% | −4.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NABL quarterly EPS vs estimates
N-able beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.07).
NABL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $511.4M | $466.1M | $421.9M | $371.8M | $346.5M | $302.9M | $263.5M | $228.3M |
| Cost of revenue | $118.6M | $80.7M | $68.2M | $58.6M | $52.4M | $63.2M | $57.3M | $57.3M |
| Gross profit | $392.8M | $385.5M | $353.7M | $313.2M | $294.0M | $239.7M | $206.2M | $170.9M |
| Research & development | $100.7M | $90.7M | $78.2M | $63.5M | $54.0M | $42.7M | $37.2M | $32.9M |
| Sales, general & admin | $91.7M | $212.1M | $204.6M | $196.4M | $193.3M | $139.4M | $109.2M | $95.6M |
| Total operating expenses | $335.2M | $303.1M | $283.4M | $265.8M | $260.7M | $205.9M | $169.6M | $152.2M |
| Operating income | $57.7M | $82.4M | $70.3M | $47.4M | $33.3M | $33.8M | $36.6M | $18.8M |
| Interest expense | $36.0M | $30.0M | $30.3M | $18.9M | $20.5M | $28.1M | $33.8M | $34.5M |
| Income before taxes | $2.4M | $54.3M | $44.3M | $30.4M | $11.6M | $4.9M | $3.2M | −$17.5M |
| Income taxes | $19.4M | $23.3M | $20.9M | $13.7M | $11.5M | $12.0M | $5.7M | −$3.8M |
| Net income | −$17.0M | $31.0M | $23.4M | $16.7M | $113,000 | −$7.2M | −$2.5M | −$13.7M |
| EBITDA | $82.4M | $110.0M | $94.7M | $73.7M | $65.1M | $89.4M | $91.1M | $73.1M |
| EPS (diluted) | $0.31 | $0.48 | $0.37 | $0.35 | $0.35 | −$0.02 | −$0.02 | — |
| Gross margin | 76.8% | 82.7% | 83.8% | 84.2% | 84.9% | 79.1% | 78.2% | 74.9% |
| Operating margin | 11.3% | 17.7% | 16.7% | 12.7% | 9.6% | 11.1% | 13.9% | 8.2% |
| Net margin | −3.3% | 6.6% | 5.5% | 4.5% | 0.0% | −2.4% | −1.0% | −6.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $138.2M | $133.7M | $130.3M | $131.7M | $131.2M | $118.2M | $116.5M | $116.4M | $119.4M | $113.7M | $108.4M | $107.6M |
| Cost of revenue | $32.0M | $32.3M | $31.4M | $25.4M | $28.7M | $27.7M | $23.3M | $19.9M | $19.2M | $18.3M | $17.6M | $17.4M |
| Gross profit | $106.2M | $101.4M | $98.9M | $106.3M | $102.6M | $90.5M | $93.2M | $96.5M | $100.3M | $95.5M | $90.8M | $90.2M |
| Research & development | $26.6M | $26.1M | $25.0M | $29.4M | $26.3M | $23.9M | $23.2M | $23.0M | $22.4M | $22.1M | $19.4M | $19.8M |
| Sales, general & admin | $62.6M | $62.8M | $57.8M | $59.3M | $65.6M | $64.3M | $53.7M | $49.6M | $55.9M | $52.9M | $49.6M | $52.1M |
| Total operating expenses | $89.7M | $88.2M | $82.8M | $94.7M | $92.4M | $88.7M | $77.2M | $72.6M | $78.3M | $75.0M | $69.0M | $71.9M |
| Operating income | $16.5M | $13.2M | $16.1M | $11.6M | $10.1M | $1.8M | $16.0M | $23.9M | $22.0M | $20.5M | $21.8M | $18.4M |
| Interest expense | $8.3M | $7.6M | $12.2M | $8.6M | $8.1M | $7.1M | $7.3M | $7.5M | $7.6M | $7.6M | $7.7M | $7.8M |
| Income before taxes | $7.7M | $4.2M | −$2.7M | $7.8M | $1.2M | −$3.9M | $7.0M | $18.6M | $15.5M | $13.2M | $16.8M | $10.1M |
| Income taxes | $6.0M | $4.8M | $4.5M | $6.4M | $5.2M | $3.3M | $3.7M | $7.9M | $6.1M | $5.7M | $7.4M | $4.1M |
| Net income | $1.8M | −$615,000 | −$7.2M | $1.4M | −$4.0M | −$7.2M | $3.3M | $10.8M | $9.5M | $7.5M | $9.4M | $6.0M |
| EBITDA | $26.7M | $8.0M | $21.2M | $27.3M | $20.1M | $13.6M | $22.2M | $32.2M | $29.0M | $26.6M | $30.0M | $23.3M |
| EPS (diluted) | $0.05 | $0.09 | $0.06 | $0.13 | $0.04 | $0.08 | $0.10 | $0.13 | $0.14 | $0.11 | $0.11 | $0.09 |
| Gross margin | 76.8% | 75.8% | 75.9% | 80.7% | 78.1% | 76.6% | 80.0% | 82.9% | 84.0% | 83.9% | 83.7% | 83.9% |
| Operating margin | 11.9% | 9.8% | 12.3% | 8.8% | 7.7% | 1.5% | 13.7% | 20.5% | 18.4% | 18.0% | 20.1% | 17.1% |
| Net margin | 1.3% | −0.5% | −5.6% | 1.1% | −3.1% | −6.1% | 2.8% | 9.2% | 7.9% | 6.6% | 8.6% | 5.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NABL's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NABL financial results
In fiscal year 2025 (ended December 31, 2025), N-able reported revenue of $511.4 million, up 9.7% from the year before. It had a net loss of $17.0 million, a net profit margin of −3.3%. Diluted earnings per share came to $0.31. Over five years revenue grew at an average rate of 11.0% a year.
See the NABL stock overview for the latest quote and news, or the NABL chart for price history and technical indicators.
NABL income statement FAQ
What is N-able's annual revenue?
N-able reported total revenue of $511.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.7% from $466.1 million the previous year.
Is N-able profitable?
No. N-able reported a net loss of $17.0 million in fiscal 2025, a net profit margin of −3.3%; its operating margin was 11.3%.
What is N-able's gross margin?
N-able's gross margin was 76.8% in fiscal 2025: for every $100 of revenue, N-able kept $77 after the direct cost of its products and services.
How much does N-able spend on research and development?
N-able spent $100.7 million on research and development in fiscal 2025, 19.7% of revenue.
How fast is N-able growing?
Revenue grew 11.0% a year on average over the last five fiscal years, from $302.9 million to $511.4 million.
What are N-able's earnings per share?
N-able earned $0.31 per diluted share in fiscal 2025, compared with $0.48 a year earlier.
When will N-able report its next earnings?
N-able is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does N-able's fiscal year end?
N-able's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.