N-able, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cost of revenue $33.3m $38.9m $46.7m $56.1m $66.4m $77.2m $100.2m
Total cost of revenue $57.3m $63.2m $52.4m $58.6m $68.2m $80.7m $117.1m
Gross profit $206.2m $239.7m $294.0m $313.2m $353.7m $385.5m $394.4m
Research and development $37.2m $42.7m $54.0m $63.5m $78.2m $90.7m $100.7m
Total operating expenses $169.6m $205.9m $260.7m $265.8m $283.4m $303.1m $357.6m
Operating income $36.6m $33.8m $33.3m $47.4m $70.3m $82.4m $36.8m
Subscription and other revenue $263.5m $302.9m $346.5m $371.8m $421.9m $466.1m $511.4m
Amortization of acquired technologies $24.1m $24.3m $5.8m $2.5m $1.8m $3.5m $16.9m
Sales and marketing $70.3m $82.0m $112.7m $125.3m $134.7m $135.6m $163.2m
General and administrative $39.0m $57.3m $80.6m $71.1m $69.9m $76.5m $91.7m
Amortization of acquired intangibles $23.2m $23.8m $13.5m $5.9m $597k $278k $2.0m
Other income, net $386k ($773k) ($1.3m) $1.9m $4.3m $1.9m $1.6m
Net (loss) income ($2.5m) ($7.2m) $113k $16.7m $23.4m $31.0m ($17.0m)
Income before income taxes $3.2m $4.9m $11.6m $30.4m $44.3m $54.3m $2.4m
Basic earnings per share (in dollars per share) ($0.02) ($0.05) $0.00 $0.09 $0.13 $0.17 ($0.09)
Diluted earnings per share (in dollars per share) ($0.02) ($0.05) $0.00 $0.09 $0.13 $0.16 ($0.09)
Shares used in computation of basic earnings per share (in shares) ($0.02) ($0.05) $0.00 $0.09 $0.13 $0.17 ($0.09)
Shares used in computation of diluted earnings per share (in shares) ($0.02) ($0.05) $0.00 $0.09 $0.13 $0.16 ($0.09)
Interest expense, net ($33.8m) ($28.1m) ($20.5m) ($18.9m) ($30.3m) ($30.0m) ($36.0m)
Income tax expense $5.7m $12.0m $11.5m $13.7m $20.9m $23.3m $19.4m
Total other expense, net ($33.4m) ($28.9m) ($21.7m) ($17.0m) ($26.0m) ($28.1m) ($34.4m)