NABL - N-able, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$5.92
DETAILS
HIGH:
$6.50
LOW:
$5.50
MEDIAN:
$5.75
CONSENSUS:
$5.92
UPSIDE:
44.04%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 511.4 | 466.1 | 421.9 | 371.8 | 346.5 | 302.9 | 263.5 | 228.3 |
| Cost of Revenue | 118.6 | 80.7 | 68.2 | 58.6 | 52.4 | 63.2 | 57.3 | 57.3 |
| Gross Profit | 392.8 | 385.5 | 353.7 | 313.2 | 294.0 | 239.7 | 206.2 | 170.9 |
| Operating Expenses | ||||||||
| R&D Expenses | 100.7 | 90.7 | 78.2 | 63.5 | 54.0 | 42.7 | 37.2 | 32.9 |
| SG&A Expenses | 254.9 | 212.1 | 204.6 | 196.4 | 193.3 | 139.4 | 109.2 | 95.6 |
| Other Expenses | (20.4) | 0.3 | 0.6 | 5.9 | 13.5 | 23.8 | 23.2 | (1.7) |
| Operating Expenses | 335.2 | 303.1 | 283.4 | 265.8 | 260.7 | 205.9 | 169.6 | 152.2 |
| Operating Income | ||||||||
| Operating Income | 57.7 | 82.4 | 70.3 | 47.4 | 33.3 | 33.8 | 36.6 | 18.8 |
| Interest Expense | 36.0 | 30.0 | 30.3 | 18.9 | 20.5 | 28.1 | 33.8 | 34.5 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 82.4 | 110.0 | 94.7 | 72.5 | 65.1 | 89.4 | 91.1 | 73.1 |
| EBIT | 38.4 | 84.3 | 74.6 | 49.3 | 32.1 | 33.0 | 37.0 | 17.0 |
| Income Before Tax | 2.4 | 54.3 | 44.3 | 30.4 | 11.6 | 4.9 | 3.2 | (17.5) |
| Income Tax Expense | 19.4 | 23.3 | 20.9 | 13.7 | 11.5 | 12.0 | 5.7 | (3.8) |
| Net Income | (17.0) | 31.0 | 23.4 | 16.7 | 0.1 | (7.2) | (2.5) | (13.7) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.09 | 0.17 | 0.13 | 0.09 | 0.00 | -0.02 | -0.01 | -0.04 |
| EPS (Diluted) | -0.09 | 0.16 | 0.13 | 0.09 | 0.00 | -0.02 | -0.01 | -0.04 |
| Shares Outstanding | 187.8 | 185.3 | 182.4 | 180.1 | 179.0 | 315.4 | 315.4 | 315.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 111.8 | 85.2 | 153.0 | 98.8 | 66.7 | 99.8 | 39.3 | 77.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 83.1 | 85.4 | 48.0 | 42.6 | 40.3 | 30.3 | 27.0 | 22.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 21.5 | 13.3 | 23.7 | 12.7 | 0 | 0 | 0 | 0.7 |
| Total Current Assets | 216.4 | 183.9 | 224.8 | 154.2 | 121.0 | 135.7 | 71.4 | 104.8 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 66.6 | 64.2 | 68.9 | 69.2 | 75.0 | 33.3 | 23.7 | 13.2 |
| Goodwill | 1,024.3 | 977.0 | 838.5 | 828.8 | 840.9 | 874.1 | 836.6 | 832.5 |
| Intangible Assets | 64.8 | 83.2 | 6.7 | 8.9 | 8.1 | 27.4 | 74.8 | 120.0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 33.3 | 28.6 | 22.8 | 17.1 | 9.1 | 6.3 | 3.6 | 5.0 |
| Total Non-Current Assets | 1,193.5 | 1,154.9 | 938 | 924.7 | 934.7 | 944.0 | 942.4 | 970.7 |
| Total Assets | 1,409.9 | 1,338.8 | 1,162.8 | 1,078.9 | 1,055.7 | 1,079.7 | 1,013.8 | 1,075.5 |
| Current Liabilities | ||||||||
| Account Payables | 9.0 | 6.3 | 5.2 | 3.5 | 5.9 | 5.5 | 2.0 | 6.4 |
| Short-Term Debt | 11.2 | 3.5 | 3.5 | 3.5 | 3.5 | 0 | 0 | 0 |
| Deferred Revenue | 24.5 | 24.0 | 12.6 | 11.7 | 10.7 | 9.5 | 7.9 | 0 |
| Other Current Liabilities | 127.3 | 44.0 | 27.1 | 0 | 0 | 9.6 | 5.6 | 11.3 |
| Total Current Liabilities | 181.8 | 150.1 | 81.7 | 61.8 | 60.9 | 54.8 | 32.8 | 54.5 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 419.2 | 329.6 | 331.5 | 333.5 | 335.4 | 372.6 | 394.4 | 450 |
| Deferred Tax Liabilities | 1.8 | 3.4 | 1.8 | 2.8 | 2.6 | 5.8 | 10.6 | 0 |
| Other Non-Current Liabilities | (28.6) | 63.3 | 3.2 | 5.2 | 0.4 | 0.4 | 0.1 | 19.3 |
| Total Non-Current Liabilities | 423.4 | 429.5 | 369.7 | 375.0 | 376.5 | 393.7 | 417.3 | 469.3 |
| Total Liabilities | 605.3 | 579.6 | 451.4 | 436.8 | 437.3 | 448.5 | 450.1 | 523.7 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 582.2 | 557.1 | 537.3 |
| Retained Earnings | 54.2 | 71.2 | 40.2 | 16.8 | 0.1 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 33.7 | (21.1) | 4.4 | (7.8) | 15.1 | 49.0 | 6.6 | 14.5 |
| Total Stockholders' Equity | 804.7 | 759.3 | 711.4 | 642.1 | 618.4 | 631.2 | 563.7 | 551.7 |
| Total Liabilities & Equity | 1,409.9 | 1,338.8 | 1,162.8 | 1,078.9 | 1,055.7 | 1,079.7 | 1,013.8 | 1,075.5 |
| Debt Metrics | ||||||||
| Total Debt | 459.6 | 369.2 | 374.5 | 375.9 | 381.5 | 390.2 | 408.4 | 450 |
| Net Debt | 347.8 | 284.0 | 221.5 | 277.0 | 314.8 | 290.4 | 369.1 | 372.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (17.0) | 31.0 | 23.4 | 16.7 | 0.1 | (7.2) | (2.5) | (13.7) |
| Depreciation & Amortization | 44.1 | 25.7 | 20.1 | 24.4 | 33.8 | 56.5 | 54.1 | 56.0 |
| Stock-Based Compensation | 46.6 | 45.4 | 43.6 | 36.5 | 29.4 | 21.1 | 8.7 | 1.8 |
| Change in Working Capital | (1.3) | (21.0) | 2.1 | (5.0) | (19.9) | 16.2 | (31.2) | 15.3 |
| Other Non-Cash Items | 24.7 | 0.4 | 0.6 | 0.1 | 3.8 | 3.2 | 1.1 | 3.5 |
| Operating Cash Flow | 93.2 | 79.4 | 90.1 | 71.4 | 45.3 | 85.7 | 25.5 | 52.3 |
| Investing Activities | ||||||||
| Capital Expenditure | (18.1) | (23.7) | (22.3) | (21.0) | (34.8) | (16.1) | (8.2) | (9.9) |
| Acquisitions | 0 | (98.7) | 0 | (9.2) | 0 | 0 | (14.8) | (13.0) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (10.8) | (6.2) | (8.6) | (8.2) | (4.2) | (4.2) | (2.4) | (0.5) |
| Investing Cash Flow | (29.0) | (122.4) | (22.3) | (30.2) | (34.8) | (16.1) | (23.0) | (22.9) |
| Financing Activities | ||||||||
| Net Debt Issuance | 57.3 | (3.5) | (3.5) | (3.5) | (23.5) | (21.8) | (55.6) | 0 |
| Stock Repurchased | (30.0) | 0 | (12.0) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | (216) | 0 | 0 | 0 |
| Other Financing Activities | (70.2) | (21.5) | 0.3 | (6.9) | (18.8) | 11.2 | 12.8 | 20.6 |
| Financing Cash Flow | (40.6) | (22.6) | (15.2) | (10.4) | (42.3) | (10.6) | (42.8) | 20.6 |
| Cash Position | ||||||||
| Net Change in Cash | 26.6 | (67.9) | 54.2 | 32.1 | (33.1) | 60.4 | (38.5) | 47.4 |
| Cash at Beginning | 85.2 | 153.0 | 98.8 | 66.7 | 99.8 | 39.3 | 77.9 | 30.4 |
| Cash at End | 111.8 | 85.2 | 153.0 | 98.8 | 66.7 | 99.8 | 39.3 | 77.9 |
| Free Cash Flow | 75.1 | 55.7 | 67.8 | 50.4 | 10.5 | 69.5 | 17.3 | 42.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 511.4 | 466.1 | 421.9 | 371.8 | 346.5 | 302.9 | 263.5 | 228.3 |
| Gross Profit | 392.8 | 385.5 | 353.7 | 313.2 | 294.0 | 239.7 | 206.2 | 170.9 |
| Operating Income | 57.7 | 82.4 | 70.3 | 47.4 | 33.3 | 33.8 | 36.6 | 18.8 |
| Net Income | (17.0) | 31.0 | 23.4 | 16.7 | 0.1 | (7.2) | (2.5) | (13.7) |
| EPS (Diluted) | -0.09 | 0.16 | 0.13 | 0.09 | 0.00 | -0.02 | -0.01 | -0.04 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 111.8 | 85.2 | 153.0 | 98.8 | 66.7 | 99.8 | 39.3 | 77.9 |
| Total Assets | 1,409.9 | 1,338.8 | 1,162.8 | 1,078.9 | 1,055.7 | 1,079.7 | 1,013.8 | 1,075.5 |
| Total Debt | 459.6 | 369.2 | 374.5 | 375.9 | 381.5 | 390.2 | 408.4 | 450 |
| Stockholders' Equity | 804.7 | 759.3 | 711.4 | 642.1 | 618.4 | 631.2 | 563.7 | 551.7 |
| Cash Flow | ||||||||
| Operating Cash Flow | 93.2 | 79.4 | 90.1 | 71.4 | 45.3 | 85.7 | 25.5 | 52.3 |
| Capital Expenditure | (18.1) | (23.7) | (22.3) | (21.0) | (34.8) | (16.1) | (8.2) | (9.9) |
| Free Cash Flow | 75.1 | 55.7 | 67.8 | 50.4 | 10.5 | 69.5 | 17.3 | 42.4 |