Companies /Technology

N-able Inc

NYSE: NABL Information Technology Services
$3.98
▲ $0.16 (+4.06%) today
Markets closed · 4:38pm ET

Q1 2025 Earnings

Reported May 8, 2025, 7:06am ET · SEC source
$0.08
Beat +37.22%
EPS · est. $0.06
$118.2M
Beat +2.29%
Revenue · est. $115.6M
+2.7%
Beating market
NABL vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+3%+6%May 8May 9report 7:06am ETearnings−0.7%+4.4%
0+3%+6%May 8May 9earnings−0.7%+4.4%
NABL +4.4%S&P 500 −0.7%
0+3%+6%May 8May 9report 7:06am ETearnings−0.7%+4.4%
0+3%+6%May 8May 9earnings−0.7%+4.4%
NABL +4.4%NASDAQ −0.7%
−5%0+5%+10%May 7May 15report 7:06am ETearnings+4.2%+9.8%
−5%0+5%+10%May 7May 15earnings+4.2%+9.8%
NABL +9.8%S&P 500 +4.2%
−5%0+5%+10%May 7May 15report 7:06am ETearnings+6.1%+9.8%
−5%0+5%+10%May 7May 15earnings+6.1%+9.8%
NABL +9.8%NASDAQ +6.1%
+5.74%
Day of report
−0.40%
Next session
+7.95%
One week
+9.40%
30 days

S&P 500 over the same 30 days: +6.73%.

Did NABL Beat Earnings? Q1 2025 Results

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.

Key Takeaways
  • Subscription revenue growth of 4.8% YoY (6.6% constant currency)
  • Total ARR growth of 10.3% YoY (10.9% constant currency) reaching $492.7M
  • Largest new bookings deal in company history
  • Strong channel partner additions in Partner Program

“Our earnings reflect continued progress advancing cyber-resiliency for businesses worldwide. The launch of new security capabilities, strong addition of channel partners in our Partner Program, and our largest new bookings deal ever showcase that N-able is innovating and growing. We look forward to building on this progress throughout the year.”

N-able CEO, on the earnings call

Forward Guidance & Outlook

For Q2 2025, N-able expects total revenue of $125.5M–$126.5M (approximately 5%–6% YoY growth on both reported and constant currency basis) and adjusted EBITDA of $34.0M–$35.0M (approximately 27%–28% of revenue). For full-year 2025, the company raised the revenue guidance midpoint to $494.5M, now expecting total revenue of $492M–$497M (approximately 6%–7% YoY growth, or 6%–8% constant currency), total ARR of $519M–$525M (8%–9% YoY growth, or approximately 7%–9% constant currency), and adjusted EBITDA of $134M–$139M (approximately 27%–28% of revenue). The outlook reflects current expectations regarding foreign exchange rates and macroeconomic dynamics.

NABL YoY Financials

Revenue$118.2M
Gross Profit$90.5M
Operating Income$1.8M
Net Income$-7,162,000

NABL Revenue by Segment

Subscription revenue$116.8M+4.8%
Other revenue$1.3M−39.6%

Figures from SEC filings and company reports. Not investment advice.