A Business at a Glance
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N-able, Inc.
NABL
$772M
Mkt Cap
$4.08
+4.88%
N-able, Inc. (NABL) has a 5-year average return on invested capital (ROIC) of 3.5%. This is below average and may indicate limited pricing power.
N-able, Inc. (NABL) has a market capitalization of $769M. It is classified as a small-cap stock.
N-able, Inc. (NABL) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.91%.
N-able, Inc. (NABL) operates in the Services-Prepackaged Software industry, within the Technology sector.
N-able, Inc. (NABL) reported annual revenue of $511 million in its most recent fiscal year, based on SEC EDGAR filings.
N-able, Inc. (NABL) has a net profit margin of -3.3%. The company is currently unprofitable.
N-able, Inc. (NABL) generated $75 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Business Overview The technology landscape is changing rapidly. Cyberthreats are increasing in speed, sophistication, and scale, while the growth of hybrid systems, multi-cloud infrastructure, data volumes, SaaS applications, and AI-enabled processes is driving IT complexity. In this environment, secure and efficient digital operations are essential to overall business health. We are a leading global cybersecurity provider, helping protect businesses from evolving cyberthreats and navigate this fast-changing landscape. Our software platform is designed to provide end-to-end coverage across the IT environment, delivering comprehensive protection and efficient performance. Our solutions encompass three primary vectors: Unified Endpoint Management or “UEM,” Security Operations, and Data Protection.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 527M | 511M | 466M | 422M | 372M | 346M |
| Net Income | -10M | -17M | 31M | 23M | 17M | 113K |
| EPS | $-0.06 | $-0.09 | $0.16 | $0.13 | $0.09 | $0.00 |
| Free Cash Flow | 74M | 75M | 62M | 76M | 59M | 15M |
| ROIC | -4.4% | 2.1% | 5.1% | 4.7% | 3.1% | 2.7% |
| Gross Margin | 77.0% | 77.1% | 53.0% | 50.7% | 51.0% | 51.9% |
| Debt/Equity | 0.49 | 0.53 | 0.49 | 0.53 | 0.59 | 0.62 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 47M | 37M | 82M | 70M | 47M | 33M |
| Operating Margin | 9.0% | 7.2% | 17.7% | 16.7% | 12.7% | 9.6% |
| ROE | -1.3% | -2.2% | 4.2% | 3.5% | 2.7% | 0.0% |
| Shares Outstanding | 188M | 189M | 193M | 180M | 186M | 179M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 264M | 303M | 346M | 372M | 422M | 466M | 511M | 527M |
| Gross Margin | 78.2% | 79.1% | 51.9% | 51.0% | 50.7% | 53.0% | 77.1% | 77.0% |
| R&D | 37M | 43M | 54M | 63M | 78M | 91M | 101M | 103M |
| SG&A | 39M | 57M | 81M | 71M | 70M | 77M | 92M | 88M |
| EBIT | 37M | 34M | 33M | 47M | 70M | 82M | 37M | 47M |
| Op. Margin | 13.9% | 11.1% | 9.6% | 12.7% | 16.7% | 17.7% | 7.2% | 9.0% |
| Net Income | -2.5M | -7.2M | 113K | 17M | 23M | 31M | -17M | -10M |
| Net Margin | -1.0% | -2.4% | 0.0% | 4.5% | 5.5% | 6.6% | -3.3% | -2.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | 3.8% | 2.7% | 3.1% | 4.7% | 5.1% | 2.1% | -4.4% |
| ROE | N/A | -1.2% | 0.0% | 2.7% | 3.5% | 4.2% | -2.2% | -1.3% |
| ROA | N/A | -1.3% | 0.0% | 1.6% | 2.1% | 2.5% | -1.2% | -0.8% |
| Cash Flow | ||||||||
| Op. Cash Flow | 26M | 86M | 45M | 71M | 90M | 79M | 93M | 91M |
| Free Cash Flow | 20M | 74M | 15M | 59M | 76M | 62M | 75M | 74M |
| Owner Earnings | -37M | 8.2M | -18M | 10M | 25M | 8.4M | 2.6M | 25K |
| CapEx | 5.8M | 12M | 31M | 13M | 14M | 18M | 18M | 17M |
| Maint. CapEx | 54M | 56M | 34M | 24M | 22M | 26M | 44M | 45M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 54M | 56M | 34M | 24M | 22M | 26M | 44M | 45M |
| CapEx/OCF | N/A | N/A | 67.6% | 18.0% | 15.3% | 22.1% | 19.5% | 18.2% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 30M | 30M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 2.1% | 3.9% |
| Stock-Based Comp | 8.7M | 21M | 29M | 37M | 44M | 45M | 47M | 46M |
| Debt Repayment | 0 | 0 | 10M | 0 | 3.5M | 3.5M | 339M | 339M |
| Balance Sheet | ||||||||
| Net Debt | N/A | -82M | 315M | 277M | 221M | 284M | 319M | 275M |
| Cash & Equiv. | 39M | 100M | 67M | 99M | 153M | 85M | 112M | 118M |
| Long-Term Debt | N/A | 0 | 335M | 333M | 332M | 330M | 390M | 389M |
| Debt/Equity | N/A | 0.03 | 0.62 | 0.59 | 0.53 | 0.49 | 0.53 | 0.49 |
| Interest Coverage | 0.7 | 1.3 | 1.6 | 3.0 | 2.5 | 2.9 | 1.5 | 1.5 |
| Equity | N/A | 631M | 618M | 642M | 711M | 759M | 805M | 799M |
| Total Assets | N/A | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| Total Liabilities | N/A | 449M | 437M | 437M | 451M | 580M | 605M | 596M |
| Intangibles | N/A | 27M | 8.1M | 8.9M | 6.7M | 83M | 65M | 60M |
| Retained Earnings | N/A | 0 | 127K | 17M | 40M | 71M | 54M | 54M |
| Working Capital | N/A | 81M | 60M | 92M | 143M | 34M | 35M | 44M |
| Current Assets | N/A | 136M | 121M | 154M | 225M | 184M | 216M | 211M |
| Current Liabilities | 0 | 55M | 61M | 62M | 82M | 150M | 182M | 167M |
| Per Share Data | ||||||||
| EPS | -0.02 | -0.05 | 0.00 | 0.09 | 0.13 | 0.16 | -0.09 | -0.06 |
| Owner EPS | -0.30 | 0.06 | -0.10 | 0.06 | 0.14 | 0.04 | 0.01 | 0.00 |
| Book Value | N/A | 4.41 | 3.45 | 3.46 | 3.95 | 3.92 | 4.25 | 4.24 |
| Cash Flow/Share | 0.20 | 0.60 | 0.25 | 0.38 | 0.50 | 0.41 | 0.49 | 0.18 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 125.6M | 143.2M | 179.0M | 185.6M | 180.1M | 193.5M | 189.2M | 188.4M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | 109.3 | 102.0 | 58.7 | N/A | -72.9 |
| P/FCF | N/A | N/A | 136.8 | 31.2 | 31.3 | 29.4 | 18.7 | 10.3 |
| EV/EBIT | N/A | N/A | 67.5 | 41.6 | 34.4 | 24.1 | 42.8 | 22.0 |
| Price/Book | N/A | N/A | 3.3 | 2.8 | 3.4 | 2.4 | 1.7 | 1.0 |
| Price/Sales | N/A | N/A | 6.8 | 5.1 | 5.5 | 5.3 | 3.0 | 1.5 |
| FCF Yield | N/A | N/A | 0.7% | 3.2% | 3.2% | 3.4% | 5.4% | 9.7% |
| Market Cap | N/A | N/A | 2.0B | 1.8B | 2.4B | 1.8B | 1.4B | 769M |
| Avg. Price | N/A | N/A | 13.02 | 10.20 | 12.77 | 12.77 | 8.01 | 4.08 |
| Year-End Price | N/A | N/A | 11.21 | 9.84 | 13.26 | 9.39 | 7.40 | 4.08 |
N-able, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 10.2x vs a median of 30.3x. The company's 5-year average ROIC is 3.5% with a gross margin of 56.8%. Total shareholder yield (buybacks) is 3.9%. At current prices, the estimated annualized return to fair value is +23.8%.
N-able, Inc. (NABL) has a debt-to-equity ratio of 0.53. This indicates moderate leverage.
N-able, Inc. (NABL) reported earnings per share (EPS) of $-0.09 in its most recent fiscal year.
N-able, Inc. (NABL) has a return on equity (ROE) of -2.2%. A negative ROE may indicate losses or negative equity.
N-able, Inc. (NABL) has a 5-year average gross margin of 56.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 7 years of financial data for N-able, Inc. (NABL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
N-able, Inc. (NABL) has a book value per share of $4.25, based on its most recent annual SEC filing.