N-able (NABL) Q1 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

N-able delivered a quarter that cleared its own bar on the metrics that matter most, posting Q1 2025 revenue of $118.20 million, up 3.9% year-over-year, and non-GAAP EPS of $0.08, both ahead of the high end of its guidance ranges. Subscription revenu… Read more N-able delivered a quarter that cleared its own bar on the metrics that matter most, posting Q1 2025 revenue of $118.20 million, up 3.9% year-over-year, and non-GAAP EPS of $0.08, both ahead of the high end of its guidance ranges. Subscription revenue of $116.85 million grew 4.8% as reported, while total ARR climbed 10.3% to $492.70 million, a figure management emphasized as evidence of deepening recurring revenue momentum. The cleaner story, however, was complicated by margin pressure tied to the Adlumin acquisition; transaction-related costs of $6.25 million and a surge in amortization of acquired technologies to $4.17 million from $461,000 a year ago pushed the company to a GAAP net loss of $7.16 million, against net income of $7.46 million in Q1 2024. Adjusted EBITDA of $31.64 million still beat guidance despite contracting to a 26.8% margin from 34.8%. Looking ahead, N-able raised its full-year revenue guidance midpoint to $494.50 million, now targeting $492.00 million to $497.00 million, representing 6% to 7% growth.