N-able, Inc. reported its financial results for the third quarter of 2025, revealing a total revenue of $131.7 million, a 13.1% increase from $116.4 million in the same period last year. For the nine months ended September 30, 2025, revenue reached $381.2 million, up 9.0% from $349.6 million in the prior year. The company's subscription revenue, which constitutes the majority of its income, increased by 13.5% to $130.5 million for the quarter and by 9.7% to $377.2 million for the nine-month period. However, N-able reported a net income of $1.4 million for the third quarter, a significant decline from $10.8 million in the same quarter of 2024, and a net loss of $9.8 million for the nine months, compared to a profit of $27.7 million in the previous year.
The decline in profitability was attributed to increased operating expenses, which rose to $90.5 million for the quarter, up from $72.6 million a year earlier. This increase was driven by higher sales and marketing costs, research and development expenses, and general administrative expenses, reflecting the company's ongoing investment in growth and expansion. Additionally, the amortization of acquired technologies related to the acquisition of Adlumin, completed in November 2024, contributed to the rise in costs. The company also reported an increase in interest expenses, which rose to $8.6 million for the quarter, compared to $7.5 million in the prior year.
N-able's customer base showed growth, with 2,611 customers generating annual recurring revenue (ARR) of over $50,000 as of September 30, 2025, up from 2,275 in the previous year. This segment now represents approximately 61% of the company's total ARR, which increased to $528.1 million, a 14.2% rise year-over-year. The company continues to focus on long-term contracts, which have positively impacted revenue recognition under the new accounting standards.
In terms of operational developments, N-able has been actively expanding its product offerings and geographic reach. The acquisition of Adlumin is expected to enhance its security capabilities, and the company is investing in product development to integrate AI features into its solutions. As of September 30, 2025, N-able had a total employee count of 1,878, reflecting its commitment to scaling operations to support growth initiatives.
Looking ahead, N-able expressed optimism about its growth trajectory, citing strong demand for its solutions and the potential benefits from the integration of Adlumin. The company plans to continue investing in sales and marketing, research and development, and product enhancements to drive future revenue growth. However, it also acknowledged the potential impact of macroeconomic conditions and foreign exchange fluctuations on its business performance.
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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