N-able, Inc. has recently released its 10-Q report, providing insights into its financial performance for the second quarter of 2025. The company, headquartered in Burlington, Massachusetts, offers cloud-based security, data protection, and unified endpoint management software solutions for managed service providers (MSPs) globally. These solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises.
In the second quarter of 2025, N-able reported total revenue of $131.2 million, reflecting a 9.9% increase compared to the same period in 2024. The company has been focusing on increasing the proportion of long-term committed contracts, resulting in an increase in point-in-time subscription revenue. As of June 30, 2025, N-able's total annual recurring revenue (ARR) stood at $513.7 million, representing a notable 14.5% increase from the previous year.
The company's customer base with ARR over $50,000 on its platform grew by 15.8% from June 30, 2024, to June 30, 2025, indicating steady demand for its solutions. Notably, customers with over $50,000 of ARR on the platform grew to approximately 60% of the total ARR as of June 30, 2025, compared to approximately 56% in the same period of 2024.
In terms of profitability, N-able reported operating income of $10.1 million for the second quarter of 2025, compared to $22.0 million for the same period in 2024. However, the company experienced a net loss of $4.0 million in the second quarter of 2025, in contrast to a net income of $9.5 million in the second quarter of 2024. The decrease in net income was primarily attributed to various factors including increased sales and marketing expenses, higher cost of revenue, and increased research and development expenses.
N-able's Adjusted EBITDA for the second quarter of 2025 was $41.6 million, down from $46.8 million in the same period of 2024. The company has continued to focus on generating strong cash flow, with cash flows from operations reaching $24.2 million for the second quarter of 2025.
The breakdown of N-able's revenue includes subscription revenue, which primarily comes from the sale of subscriptions to its SaaS solutions, and other revenue, consisting of revenue from maintenance services associated with historical sales of perpetual licenses and professional services. The company also detailed its cost of revenue, operating expenses, and other financial components in the report.
The market has reacted to these announcements by moving the company's shares 0.94% to a price of $8.085. Check out the company's full 10-Q submission here.
