N-able, Inc. reported a total revenue of $511.4 million for the fiscal year ended December 31, 2025, marking a 9.7% increase from $466.1 million in 2024. The company's subscription revenue, which constitutes the majority of its income, rose by 10.3% to $506.2 million, driven by strong demand for its cybersecurity solutions and the impact of long-term contracts initiated in 2024. However, N-able experienced a net loss of $17.0 million in 2025, a significant decline from a net income of $31.0 million in the previous year, primarily due to increased operating expenses across various categories, including sales and marketing, research and development, and interest expenses.
The company saw a notable increase in its annual recurring revenue (ARR), which grew by 11.9% to $539.7 million, with the number of customers generating over $50,000 in ARR rising from 2,349 to 2,671, representing a 13.7% increase. This growth reflects N-able's successful strategy of expanding its customer base and enhancing product adoption rates. The company also reported a dollar-based net revenue retention rate of 103% for both 2025 and 2024, indicating stable customer retention and expansion.
Strategically, N-able completed the acquisition of Adlumin, Inc. in November 2024, which is expected to enhance its security operations capabilities. The acquisition involved a total consideration of approximately $227.4 million, including cash and stock, and is anticipated to contribute positively to N-able's revenue and operational capabilities moving forward. The company continues to focus on expanding its global presence, with over 50% of its revenue generated from international markets, and aims to leverage its channel-led model to drive further growth.
Operationally, N-able's workforce increased to 1,852 employees as of December 31, 2025, up from 1,773 the previous year, reflecting its commitment to scaling operations in response to growing demand. The company also reported cash and cash equivalents of $111.8 million, providing a solid liquidity position to support ongoing investments and operational needs. Looking ahead, N-able anticipates continued growth driven by its strategic initiatives, including product innovation and geographic expansion, despite potential challenges from economic conditions and competitive pressures.
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.
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