N-able

N-able (NABL) Q2 2025 Earnings

Reported Aug 7, 2025 at 7:09 AM ET · SEC Source

Q2 25 EPS

$0.11

BEAT +25.00%

Est. $0.09

Q2 25 Revenue

$131.2M

BEAT +4.27%

Est. $125.9M

vs S&P Since Q2 25

-60.6%

TRAILING MARKET

NABL -38.3% vs S&P +22.3%

Market Reaction

Did NABL Beat Earnings? Q2 2025 Results

N-able posted a strong second quarter, topping Wall Street estimates on both revenue and earnings as its cybersecurity-focused platform gained traction with managed service providers. The company reported non-GAAP EPS of $0.11, clearing the $0.09 con… Read more N-able posted a strong second quarter, topping Wall Street estimates on both revenue and earnings as its cybersecurity-focused platform gained traction with managed service providers. The company reported non-GAAP EPS of $0.11, clearing the $0.09 consensus by 25.00%, while revenue rose 9.9% year-over-year to $131.25 million against expectations of $125.87 million. The most material driver was ARR crossing the $500 million threshold, with total annualized recurring revenue reaching $513.70 million, up 14.5% year-over-year, buoyed in part by a deliberate shift toward annual and multi-year contracts that has already moved 40% of revenue into long-term committed agreements. Subscription revenue of $129.87 million grew 10.6%, underscoring the durability of N-able's recurring model, even as higher sales, marketing, and R&D investment weighed on GAAP profitability. Looking ahead, management raised its full-year ARR outlook to $525 million to $530 million and guided full-year revenue to $500 million to $503 million, reflecting continued confidence in its cyber-resilience positioning for SMB and mid-market customers.

Key Takeaways

  • Surpassed $500M ARR milestone with 14.5% year-over-year growth
  • Subscription revenue grew 10.6% year-over-year
  • Exceeded top-and-bottom-line guidance for the quarter
  • Continued expansion into the cybersecurity channel
24/7 Wall St

NABL YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

NABL Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We delivered solid results this quarter as we executed against our mission to protect businesses from evolving cyberthreats. AI is turbocharging complexity and risk, and our cyber-resiliency platform is designed to provide the comprehensive protection needed in today's landscape. We believe this quarter's progress - highlighted by the continued development of our security suite and further expansion into the channel - strengthens our standing as a cybersecurity vendor of choice.”

— John Pagliuca, Q2 2025 Earnings Press Release