N-able, Inc. reported a total revenue of $133.7 million for the first quarter of 2026, marking a 13.1% increase from $118.2 million in the same period of 2025. The growth was primarily driven by a rise in subscription revenue, which reached $132.5 million, up from $116.8 million year-over-year. The company also reported an operating income of $12.5 million, a significant improvement from $1.8 million in the prior year, while net loss narrowed to $615,000 compared to a loss of $7.2 million in the first quarter of 2025. This positive shift in profitability was attributed to increased revenue and a reduction in general and administrative expenses.

In terms of operational metrics, N-able's annual recurring revenue (ARR) grew to $548 million as of March 31, 2026, an 11.2% increase from $492.7 million a year earlier. The number of customers generating over $50,000 in ARR also rose to 2,710, up from 2,398, indicating a 13% increase in high-value customer accounts. The company’s dollar-based net revenue retention rate improved to 106%, reflecting effective pricing and packaging strategies.

N-able has continued to expand its product offerings and market presence, particularly following its acquisition of Adlumin, Inc. in November 2024. This acquisition is expected to enhance N-able's cybersecurity capabilities and broaden its customer base. The company has also focused on increasing its workforce, with total employees rising to 1,863 as of March 31, 2026, compared to 1,800 a year prior. This growth in headcount is part of N-able's strategy to bolster its sales, marketing, and research and development efforts.

Despite the positive financial performance, N-able faced challenges, including a significant foreign currency translation loss of $13 million, which impacted its comprehensive income. The company reported a comprehensive loss of $13.6 million for the quarter, compared to a comprehensive income of $9.3 million in the same period last year. Looking ahead, N-able remains optimistic about its growth trajectory, emphasizing its commitment to investing in product development and expanding its global footprint, while also navigating the complexities of market conditions and foreign exchange fluctuations.

About N-able, Inc.

N-able, Inc. provides cloud-based security, data protection, and endpoint management software solutions for IT service providers, including managed service providers (MSPs). Its platform enables management, security, automation, and monitoring of IT environments for small and medium-sized businesses and mid-market companies. Focused on scalability and integration, it supports digital transformation, helping MSPs deliver efficient, enterprise-grade services globally.

This description was generated via AI from an annual report. Updated 8 months ago.

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