N-able(NYSE) NABL

N-able, Inc. helps IT professionals manage business computers. Their software keeps company networks running smoothly. They protect small and medium businesses from cyberattacks.

Tools for Modern IT Teams

• Subscription Services: Cloud-based software for managed service providers; accounts for 99.2% of revenue.
• Remote Monitoring: Software tools that allow IT experts to fix systems from any location.
• Security and Protection: Digital defenses including data backup, web filtering, and virus protection.
• Business Management: Reporting and automation tools that help IT firms run daily operations.
• Other Services: Professional consulting and maintenance for older software licenses; accounts for 0.8% of revenue.

Growth and Expansion

• Acquired Spinpanel B.V. on July 1, 2022, to strengthen its cloud management tools.
• Purchased Adlumin, Inc. on Nov. 20, 2024, to add advanced security features to its platform.
• Entered a credit agreement amendment in June 2026 to add a $75 million loan facility.
• Signed a software licensing agreement in July 2026 with a $56 million three-year commitment.

What Makes N-able Different?

The company combines its technology with expert training and peer events to help IT partners grow. Its cybersecurity platform uses artificial intelligence to protect approximately 500,000 organizations across the globe.

By the Numbers

• Total revenue was $138.2 million for the three months ended June 30, 2026, up 5.9% year over year.
• Net income was $1.8 million for the three months ended June 30, 2026, compared to a net loss of $4.6 million in the prior-year period.
• Annual recurring revenue was $544.5 million as of June 30, 2026, up 6.0% year over year.
• Customers with annual recurring revenue over $50,000 grew to 2,706 as of June 30, 2026, up 6.5% year over year.
• Net cash from operating activities was $44.0 million for the six months ended June 30, 2026.

Bottom Line

N-able has evolved from a general IT tool provider into a specialized subscription service for security and network management. Its focus on large managed service providers and recurring revenue has created a stable foundation for digital services.