N-able, Inc. SEC 10-Q Report

N-able, Inc., a leading provider of data protection, security, and unified endpoint management solutions, has released its Form 10-Q report for the second quarter of 2025. The report highlights the company's financial and operational performance, showcasing significant growth in revenue and customer base, despite facing challenges in operating income and net income.

Financial Highlights

• Total Revenue: $131.2 million, increased by 9.9% compared to the same period in 2024, driven by growth in sales of data protection, security, and unified endpoint management solutions.
• Gross Profit: $102.6 million, reflecting strong performance in subscription revenue.
• Operating Income: $10.1 million, decreased from $22.0 million in the prior year, primarily due to increased sales and marketing expenses.
• Net (Loss) Income: $(4.0) million, compared to net income of $9.5 million in the prior year, impacted by increased operating expenses and interest expense.
• Basic (Loss) Income Per Share: $(0.02), compared to $0.05 in the prior year, reflecting the net loss for the period.
• Diluted (Loss) Income Per Share: $(0.02), compared to $0.05 in the prior year, consistent with the basic loss per share.

Business Highlights

• Revenue Segments: Subscription revenue accounted for 99.0% of total revenue for the three months ended June 30, 2025, driven by growth in data protection, security, and unified endpoint management solutions, including contributions from the recently acquired Adlumin business.
• Geographical Performance: Revenue from the United States represented approximately 49.2% of total revenue for the three months ended June 30, 2025, showing a slight increase from 48.0% in the same period of 2024. The United Kingdom accounted for 10.4% of total revenue, consistent with the previous year.
• Customer Segments: As of June 30, 2025, the company had 2,540 customers with annual recurring revenue (ARR) over $50,000, up from 2,194 as of June 30, 2024, indicating a 15.8% increase. Customers with over $50,000 of ARR grew to approximately 60% of total ARR.
• Sales Units: The company reported an annual dollar-based net revenue retention rate of approximately 102% for the trailing twelve-month period ended June 30, 2025, reflecting the impact of pricing and packaging changes and the Long-Term Contract Initiative.
• New Product Launches: The acquisition of Adlumin has expanded the company's offerings with extended detection and response (XDR) capabilities and managed detection and response (MDR) services.
• Future Outlook: The company expects continued growth in its sales and marketing organization to drive new customer acquisitions and expand existing customer relationships. Additionally, research and development efforts will focus on bringing new product offerings to market and enhancing security, monitoring, and authentication solutions.

SEC Filing: N-able, Inc. [ NABL ] - 10-Q - Aug. 07, 2025