N-able Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong ARR and revenue growth, led by upmarket momentum and AI-driven innovation. Security operations and data protection outpaced company growth, with new offerings like DRaaS and N-zo expected to drive further gains. Guidance for 2026 was raised across key metrics.
Fiscal Year 2025
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Delivered strong 2025 growth with $540M ARR and 30% EBITDA margin, driven by AI innovation, Adlumin integration, and channel expansion. 2026 guidance calls for 8–9% ARR growth, continued margin strength, and increased free cash flow, with AI and new products as key levers.
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Q3 saw 14% ARR growth and strong profitability, with improved retention and major wins in data protection and security operations. AI integration and channel expansion are fueling growth, and full-year guidance was raised for revenue, ARR, and EBITDA.
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Q2 saw ARR surpass $500M with 14% growth and a 32% adjusted EBITDA margin, driven by strong performance in Data Protection, Security Operations, and UEM. Channel expansion and new product capabilities fueled momentum, and full-year guidance was raised across key metrics.
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Q1 2025 saw 11% ARR growth and revenue of $118.2M, both above guidance, with strong security product innovation and expanding channel partnerships. Full-year guidance was raised, and a $75M share repurchase program was announced.
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Revised summary: The company is shifting from an MSP model to a multi-channel approach with a cyber resilience platform integrating UEM, cloud-native data protection, and AI-driven security. The Adlumin acquisition targets a $44B TAM, aiming to boost ARR and revenue per device via cross-sell, channel expansion, and pricing, while staying profitable and global.
Fiscal Year 2024
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Achieved 10% year-over-year revenue and ARR growth in 2024, driven by security, data protection, and the Adlumin acquisition. 2025 guidance calls for 4–6% revenue growth and 7–8% ARR growth, with investments in innovation and channel expansion expected to accelerate growth.
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The acquisition integrates XDR and MDR into a unified IT management and security platform, addressing urgent customer demand and expanding sales channels. Financial terms include $100M cash, stock, and earn-outs, with expected ARR growth and cash flow contribution by Q4 2025.
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Q3 revenue grew 8% year-over-year to $116.4 million, led by strong demand in data protection and security. Adjusted EBITDA margin was 39%, and over 50% of recurring revenue is now under long-term contracts. Full-year guidance was raised, with headwinds from estate optimization and pricing expected to persist through H1 2025.
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Revenue grew 13% year-over-year to $119.4 million, with security and data protection leading growth. Long-term contracts now represent 40% of revenue, driving predictability but causing near-term headwinds. Full-year guidance was raised for both revenue and Adjusted EBITDA.