NABLNYSEServices-Prepackaged SoftwareFiscal year ends December 31
N-able, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$4.55+0.07 (+1.56%)
Close on Oct 19, 2026
- Market cap
- $860.47M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
76.9%−2.2 pts over 5 years
Operating margin
6.7%−4.5 pts over 5 years
Net margin
-3.7%−1.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.3% | +11.0% | +10.9% | – | |
| Gross profit | +1.8% | +7.7% | +10.3% | – | |
| Operating income | -58.6% | -10.6% | +0.1% | – | |
| Free cash flow | +21.3% | +8.6% | +0.4% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -1.2% | -2.4% | |
| Return on assets | – | – | -1.4% | |
| Current ratio | – | 2.48 | 1.17 | |
| Debt to equity | – | 0.00 | 0.49 | |
| Net debt to EBITDA | – | -1.11× | 3.60× | |
| Capex to revenue | – | 3.9% | 3.6% | |
| Diluted shares | – | 158M | 188M |
Where the cash went
Fiscal 2021 to 2025, five years combined
N-able generated $379.48M from operations and spent $123.03M on capital expenditure, dividends and share buybacks. 76% of that went back into the business.
Generated
$379.48M
Used
$123.03M
Capital expenditure$92.99M76%Dividends$00%Share buybacks$30.04M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.7%
×Asset turnover0.37×
×Equity multiplier1.76×
=Return on equity, FY2025-2.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.7% | 0.37× | 1.76× | -2.4% |
| FY2024 | 6.6% | 0.37× | 1.70× | 4.2% |
| FY2023 | 5.6% | 0.38× | 1.66× | 3.5% |
| FY2022 | 4.5% | 0.35× | 1.69× | 2.7% |
| FY2021 | 0.0% | 0.32× | 1.71× | 0.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$18.82M
- Cash generatingOperating cash flow above zero$93.20M
- Return on assets improvedROA up on the prior year2.6% → -1.4%
- Earnings backed by cashOperating cash flow above net income$93.20M vs -$18.82M
- Less leverageLong-term debt to assets fell24.6% → 27.7%
- Better liquidityCurrent ratio rose1.22 → 1.17
- No dilutionShare count did not rise188M → 188M
- Gross margin improvedGross margin up on the prior year82.63% → 76.94%
- More efficientAsset turnover rose0.40 → 0.38