N-able (NABL) Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

N-able delivered a split verdict in Q4 2025, beating revenue expectations while falling short on the bottom line, a combination that captures the company's deliberate but costly growth push. Total revenue of $130.27 million grew 11.8% year-over-year,… Read more N-able delivered a split verdict in Q4 2025, beating revenue expectations while falling short on the bottom line, a combination that captures the company's deliberate but costly growth push. Total revenue of $130.27 million grew 11.8% year-over-year, clearing the $127.07 million consensus estimate by 2.52%, with subscription revenue of $129.01 million accounting for nearly the entire top line. But non-GAAP EPS of $0.06 missed the $0.10 estimate by 40%, as a debt refinancing that drove interest expense to $12.21 million, up sharply from $7.27 million a year ago, combined with heavier spending across sales, R&D, and G&A to compress margins and flip GAAP results to a net loss of $7.23 million. Total ARR reached $539.70 million, up 11.9% year-over-year, signaling that demand remains intact even as profitability absorbs the investment cycle. The company's shares have already felt pressure, recently touching a 52-week low. Looking ahead, N-able guided full-year 2026 revenue of $554 to $559 million and adjusted EBITDA margins of 30 to 31%, framing the near-term pain as a foundation for durable growth.