Companies /Technology

N-able Inc

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

Q3 2025 Earnings

Reported Nov 6, 2025, 7:09am ET · SEC source
$0.13
Beat +44.44%
EPS · est. $0.09
$131.7M
Beat +3.32%
Revenue · est. $127.5M
−11.8%
Trailing market
NABL vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+5%+10%Nov 6Nov 7report 7:09am ETearnings−2.0%+4.3%
0+5%+10%Nov 6Nov 7earnings−2.0%+4.3%
NABL +4.3%S&P 500 −2.0%
−5%0+5%+10%Nov 6Nov 7report 7:09am ETearnings−3.4%+4.3%
−5%0+5%+10%Nov 6Nov 7earnings−3.4%+4.3%
NABL +4.3%NASDAQ −3.4%
0+4%+8%Nov 5Nov 13report 7:09am ETearnings−1.0%−2.2%
0+4%+8%Nov 5Nov 13earnings−1.0%−2.2%
NABL −2.2%S&P 500 −1.0%
−5%0+5%+10%Nov 5Nov 13report 7:09am ETearnings−2.6%−2.2%
−5%0+5%+10%Nov 5Nov 13earnings−2.6%−2.2%
NABL −2.2%NASDAQ −2.6%
+9.25%
Day of report
−3.06%
Next session
−9.88%
One week
−9.88%
30 days

S&P 500 over the same 30 days: +1.90%.

Did NABL Beat Earnings? Q3 2025 Results

N-able delivered a convincing beat across the board in Q3 2025, reporting non-GAAP earnings of $0.13 per diluted share against a consensus estimate of $0.09, a 44.44% positive surprise, while revenue climbed 13.1% year-over-year to $131.71 million, topping the $127.48 million analyst estimate by 3.32%. The primary engine behind the outperformance was robust demand for cybersecurity solutions, which drove subscription revenue to $130.52 million and pushed annual recurring revenue to $528.10 million, up 14.2% year-over-year. That ARR momentum gave management enough confidence to raise its full-year 2025 ARR outlook to $530 million to $531 million. Adjusted EBITDA came in at $41.38 million, though the margin compressed to 31.4% from 38.5% a year ago as the company absorbed higher sales, marketing, and R&D costs alongside amortization tied to its Adlumin acquisition. Looking ahead, N-able guided Q4 2025 revenue to $126.50 million to $127.50 million, implying approximately 9% year-over-year growth, as the company continues investing in AI-powered threat defense capabilities for small business customers.

Key Takeaways
  • Robust demand for cybersecurity solutions driven by AI-driven threats
  • Subscription revenue growth of 13.5% YoY
  • ARR growth of 14.2% YoY to $528.1M
  • Non-GAAP gross margin of 81.1%

“Our strong results reflect robust demand for cybersecurity and the rising strategic relevance of N-able. AI-driven threats are elevating the need for cybersecurity and we are arming organizations with the cutting-edge solutions they need to help defend themselves in today's cyber battleground. We're leaning into this moment with conviction—delivering growth and profitability, while helping our customers stay resilient and ready for what's next.”

N-able CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, N-able expects total revenue of $126.5M to $127.5M (approximately 9% YoY growth reported, 7-8% constant currency) and adjusted EBITDA of $33.6M to $34.6M (approximately 27% of revenue). For full-year 2025, management expects total ARR of $530M to $531M (10% YoY growth reported, approximately 8% constant currency), total revenue of $507.7M to $508.7M (approximately 9% YoY growth reported, 8% constant currency), and adjusted EBITDA of $148.2M to $149.2M (approximately 29% of revenue).

NABL YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$40.0M$80.0M$120.0M$116.4M$131.7MRevenue$96.5M$102.1MGross Profit$23.9M$11.6MOperating Income$10.8M$1.4MNet Income
$0$40.0M$80.0M$120.0MRevenueGross ProfitOperating IncomeNet Income

NABL Revenue by Segment

Subscription revenue$130.5M+13.5%
Other revenue$1.2M−17.4%

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