N-able, Inc. reported its financial results for the second quarter of 2026, revealing a total revenue of $138.2 million, a 5.9% increase from $130.5 million in the same period last year. The company's subscription revenue, which constitutes the majority of its income, rose to $137.1 million, up from $129.1 million, reflecting a 6.1% growth. For the first half of 2026, N-able's total revenue reached $270.6 million, compared to $248.6 million in the first half of 2025, marking an 8.8% increase. The company achieved a net income of $1.8 million for the quarter, a significant turnaround from a net loss of $4.6 million in the prior year.

The financial performance was bolstered by a decrease in general and administrative expenses, which fell to $19.9 million from $23.2 million year-over-year. Operating income for the quarter was reported at $16.5 million, compared to $9.3 million in the same quarter of 2025. The company also noted an annual recurring revenue (ARR) of $544.5 million as of June 30, 2026, a 6.0% increase from $513.7 million a year earlier, driven by a growing customer base, which now includes 2,706 customers with ARR exceeding $50,000.

In terms of operational developments, N-able's workforce increased to 1,978 employees as of June 30, 2026, up from 1,852 at the end of 2025. The company continues to focus on enhancing its cybersecurity platform, which serves approximately 500,000 organizations globally. N-able's strategic initiatives include the recent acquisition of Adlumin, Inc., which is expected to enhance its product offerings in the cybersecurity space.

Looking ahead, N-able has announced plans for a workforce reorganization aimed at reducing headcount by approximately 6% to align investments with priority opportunities. This initiative is expected to result in annual cash compensation savings of $11 million to $13 million. Additionally, the company has entered into a delayed draw term loan facility with a borrowing capacity of $75 million, which will be available for general corporate purposes. Despite the challenges posed by market conditions, N-able remains optimistic about its growth trajectory and the continued demand for its cybersecurity solutions.

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 about 1 year ago.

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