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Mar 31
N-able Q1 2025 Earnings Report
N-able reported results for its first quarter ended March 31, 2025.
Key Takeaways
N-able exceeded its first quarter revenue and Adjusted EBITDA guidance, driven by continued progress in cyber-resiliency and strong partner program growth. The company reported total revenue of $118.2 million and Adjusted EBITDA of $31.6 million.
Total revenue for Q1 2025 was $118.2 million, a 3.9% year-over-year growth.
Subscription revenue reached $116.8 million, showing a 4.8% year-over-year increase.
Adjusted EBITDA for the quarter was $31.6 million, resulting in a 26.8% margin.
The company raised the mid-point of its full-year 2025 revenue outlook.
N-able
N-able
N-able Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.com Forward Guidance
N-able provided financial outlook for the second quarter and full-year 2025, expecting continued revenue and Adjusted EBITDA growth.
Positive Outlook
- Mid-point of full-year 2025 revenue outlook raised from $489.5M to $494.5M.
- Second quarter 2025 total revenue expected in the range of $125.5M to $126.5M, representing 5% to 6% year-over-year growth.
- Second quarter 2025 Adjusted EBITDA expected in the range of $34.0M to $35.0M, representing approximately 27% to 28% of total revenue.
- Full-year 2025 total ARR expected in the range of $519M to $525M, representing 8% to 9% year-over-year growth.
- Full-year 2025 Adjusted EBITDA expected in the range of $134M to $139M, representing approximately 27% to 28% of total revenue.
Challenges Ahead
- Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially.
- Adverse economic conditions could impact results.
- Ability to sell to new customers and increase usage by existing customers may be affected.
- Decline in renewal or net retention rates is a risk.
- Impact of changing foreign exchange rates is a factor.