N-Able (NABL) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Griffin Gyr - Investor Relations ManagerJohn Pagliuca - CEO, President & DirectorTim O’Brien - EVP & CFOBrian Essex - Executive DirectorJason Ader - Co-Group Head - Technology, Media & CommunicationsJoe Vandrick - Associate Director - Equity Research Conference Call Participants Mike Cikos - Senior AnalystMatt Hedberg - Managing Director & Software Research AnalystKeith Bachman - Senior Research Analyst Operator everyone. Than ...

N-Able (NABL) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 everyone. Thank you for your patience. The Enable First Quarter twenty twenty five Earnings Call will begin shortly. During the presentation, you will have the opportunity to ask a question by pressing star followed by one on your telephone keypad. Thank you. Good morning, everyone, and welcome to the Enable First Quarter twenty twenty five Earnings Call. My name is Angela, and I'll be coordinating your call today. I will now hand you ove ...

N-able (NABL) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this provider of cloud-based software services would post earnings of $0.08 per share when it actually produced earnings of $0.10, delivering a surprise of 25%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40297 N-able, Inc. (Exact name of registrant as specified in its charter) Delaware 85-4069861 (State or other jurisdiction of inc ...

Investor Presentation May 2025 © 2025 N-able Solutions ULC and N-able Technologies Ltd. All rights reserved. 1 Disclaimers General This presentation and the accompanying oral presentation do not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. The information contained in this presentation (the "Presentation") has been prepared to assist financial analysts in making their own evaluation of N-able, Inc. in connection with publis ...

Exhibit 99.1 N-able Announces First Quarter 2025 Results Delivers ARR Growth of ~11% Year-Over-Year on a Constant Currency Basis Exceeds First Quarter Revenue and Adjusted EBITDA Guidance Raises Mid-point of Full-Year 2025 Revenue Outlook from $489.5M to $494.5M BURLINGTON, Massachusetts - May 8, 2025 - N-able, Inc. (NYSE:NABL), a global software company delivering a unified cyber resiliency platform to manage, secure, and recover, today reported results for its first quarter ended March 31, 2025. "Our earn ...

I recommended a hold rating for N-able (NYSE: NABL ) when I wrote about it last November, as I expected the uncertain near-term performance to weigh on the stock, despite my positive medium-term outlook. Based on my current outlook andI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In t ...

Financial Performance - Revenue for the year ended December 31, 2024, was $466.1 million, representing a 10.5% increase from $421.9 million in 2023 and a 13.5% increase from $371.8 million in 2022[25]. - Net income for the year ended December 31, 2024, was $31.0 million, up from $23.4 million in 2023 and $16.7 million in 2022[25]. - Adjusted EBITDA for the year ended December 31, 2024, was $169.4 million, compared to $143.4 million in 2023 and $114.7 million in 2022[25]. - The company generated revenue of $466.1 million, $421.9 million, and $371.8 million for the years ended December 31, 2024, 2023, and 2022, respectively, indicating a growth trend[140]. - Revenue from customers outside of the United States represented 51.8% of total revenue for the fiscal year ended December 31, 2024[148]. Market Opportunity and Growth - The global market opportunity for the company's solutions is estimated at $44 billion in 2025, growing at approximately 14% to about $65 billion by 2028[36]. - IT spending by businesses with fewer than 2,500 employees is projected to increase from $1.9 trillion in 2024 to $2.6 trillion by 2028[26]. - The company supports over 500,000 businesses worldwide with its cloud-based software solutions[35]. - The company achieved a dollar-based net revenue retention rate of 103%, 110%, and 103% for the trailing twelve-month periods ended December 31, 2024, 2023, and 2022, respectively, indicating strong customer loyalty and expansion[44]. - The company is focused on expanding its IT services provider footprint by adding new customers that can grow their businesses alongside the company[44]. Product and Service Offerings - The platform offers over 100 out-of-the-box automated tasks to enhance service efficacy and capacity for IT service providers[41]. - The platform includes integrated solutions for unified endpoint management, data protection as-a-service, and security, addressing a wide range of IT service provider needs[45]. - The platform supports thousands of device types across major categories, including Windows, macOS, and Linux, enabling comprehensive management of IT environments[49]. - The platform's automation capabilities enable customers to scale their operations with fewer technical support personnel, enhancing operational efficiency[44]. - The platform is built on a multi-tier, multi-tenant architecture, enabling centralized control over distributed IT environments[39]. Customer and Employee Metrics - As of December 31, 2024, the company had 2,349 customers with Annual Recurring Revenue (ARR) over $50,000, representing a 7.0% increase from 2,196 customers as of December 31, 2023[70]. - Customers with ARR over $50,000 accounted for approximately 57% of the company's total ARR as of December 31, 2024, up from 56% the previous year[70]. - The company employs 1,773 individuals globally, with 447 in the United States and 1,326 outside the U.S., including 131 employees from the acquisition of Adlumin, Inc.[90]. - Approximately 75% of the company's employees were located outside of the United States as of December 31, 2024[148]. Strategic Initiatives - The company employs a differentiated go-to-market approach that allows it to grow alongside its customers as they expand their services and customer bases[42]. - The company has established strategic technology partnerships to enhance its platform's extensibility and provide integrated solutions to customers[64][65]. - The company plans to continue investing in research and development, particularly in international markets, to enhance its platform's functionalities[147]. - The company has made several acquisitions, including the acquisition of Adlumin, Inc. in November 2024, as part of its growth strategy[142]. - The company may pursue additional acquisitions to expand its market presence, but identifying suitable candidates and securing financing could pose challenges[145]. Risks and Challenges - The company faces significant competition in the IT services market, with competitors having advantages such as greater brand awareness and larger sales budgets[131]. - The company may face adverse effects from economic conditions, including inflation and potential recession, impacting customer spending on IT services[182]. - The company acknowledges that its financial outlook is speculative and subject to significant uncertainties, which may lead to material variations from actual results[190]. - The company has experienced a tightening labor market, which could lead to increased costs and negatively affect operational efficiency[179]. - The company may face significant expenses and resource allocation issues related to monitoring and protecting its intellectual property rights[209]. Cybersecurity and Compliance - The company has invested heavily in security, adhering to compliance standards such as HIPAA, ISO/IEC 27001, and PCI DSS, ensuring robust protection for its solutions[61]. - The company has experienced increased cybersecurity threats, including sophisticated supply-chain attacks, which may impact its ability to protect its systems and data[215]. - Cybersecurity incidents have resulted in compromises of proprietary information and could materially harm the business, leading to significant financial and reputational damage[212]. - The Cyber Incident has adversely affected SolarWinds' business, reputation, customer relations, and financial condition[218]. - Significant costs related to the Cyber Incident include investigations, remediation efforts, and ongoing cybersecurity initiatives, which may negatively impact financial condition[220]. Corporate Culture and Employee Engagement - N-able achieved Great Place to Work certification and received multiple awards, including three Stevie Awards for diversity and employee engagement[101]. - The company provides resources for employee wellness, including comprehensive benefits and specialized wellness programming[99]. - N-able's learning and development program supports career growth through various training and development initiatives[100]. - The company has a strong focus on diversity, equity, and belonging, with employee-driven Communities of Interest supporting various groups[95]. - The company is focused on maintaining its corporate culture as it expands, which is vital for recruiting and retaining talent[180].

N-able, Inc. (NYSE:NABL) Q4 2024 Earnings Conference Call March 3, 2025 8:30 AM ET Company Participants Griffin Gyr - Investor Relations Manager John Pagliuca - President & Chief Executive Officer Tim O'Brien - Executive Vice President, Chief Financial Officer & Principal Conference Call Participants Mike Cikos - Needham Brian Essex - JPMorgan Matt Hedberg - RBC Keith Bachman - BMO Joe Vandrick - Scotiabank Operator Hello, and welcome everyone to the N-able Fourth Quarter 2024 Earnings Call. My name is Beck ...

Financial Data and Key Metrics Changes - Fourth quarter revenue grew 7% year-over-year in constant currency, with full year 2024 revenue growing 10% at constant currency [8][39] - Adjusted EBITDA for the fourth quarter was $38.1 million, reflecting a 32.7% margin, while full year adjusted EBITDA was $169.4 million, reflecting a 36.3% margin [9][43] - Annual recurring revenue (ARR) as of December 31, 2024, was $482 million, growing 10% at constant currency [8][42] Business Line Data and Key Metrics Changes - Cove Data Protection remains the largest revenue-generating product, protecting over 180,000 businesses and outpacing total company growth [17][30] - The acquisition of Adlumin has positioned it as one of the two highest booking products since its acquisition [15][16] Market Data and Key Metrics Changes - Approximately 45% of revenue was generated outside of North America in the fourth quarter, and 46% for the full year [46] - The company is focusing on expanding its presence in the North American reseller channel and international markets such as the U.K., DACH, and Australia [33][34] Company Strategy and Development Direction - The company aims to expand its security leadership, scale its go-to-market strategy, and elevate customer experience as part of its 2025 strategy [22][34] - The acquisition of Adlumin is expected to create multi-dimensional value by unifying security, endpoint management, and data protection [12][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position for growth in 2025, driven by strong demand in cybersecurity and digital transformation [58][60] - The company anticipates some headwinds in the first half of 2025 due to long-term contract commitments but expects acceleration in the second half [108][109] Other Important Information - The company transitioned from less than 10% of revenue from annual contracts to over 50% in 2024, which is expected to improve customer retention [19][20] - The company is investing in new development sites and anticipates a low point in adjusted EBITDA margins in Q1 2025 due to integration costs from the Adlumin acquisition [53][54] Q&A Session Summary Question: What was the revenue contribution from Adlumin in Q4? - The revenue contribution from Adlumin in Q4 was approximately $2.5 million from the acquisition date of November 20 through the end of the year [65] Question: What is the expected growth in annual contracts? - The initiative to move customers to annual contracts will continue, with expectations for a natural blend up over time, but not a significant uptick like in 2024 [68] Question: How has engagement been with Adlumin's reseller and partnership arrangements? - Engagement with resellers has been enthusiastic, as they now have a partner that offers a comprehensive portfolio, allowing for scaling in 2025 [75] Question: What competitive landscape does Adlumin face? - Adlumin competes with various players but differentiates itself through its cloud-native, endpoint-agnostic capabilities and the ability to separate software from service [80][82] Question: What is the expected organic growth rate for 2025? - The company expects organic growth to be impacted by long-term contract commitments in the first half of the year, with expectations for improvement in the second half [108][116]