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Jun 30
N-able Q2 2025 Earnings Report
N-able reported solid second quarter 2025 results, surpassing $500M in ARR and exceeding revenue and adjusted EBITDA guidance.
Key Takeaways
N-able delivered a strong second quarter, with total revenue reaching $131.2 million, a 9.9% year-over-year increase. The company also achieved a significant milestone by surpassing $500 million in total ARR, demonstrating robust growth in its subscription-based services and strong execution against its financial guidance.
Total revenue for Q2 2025 was $131.2 million, marking a 9.9% year-over-year growth.
Subscription revenue grew by 10.6% year-over-year to $129.9 million.
Total ARR reached $513.7 million, representing a 14.5% year-over-year increase.
Adjusted EBITDA was $41.6 million, with an adjusted EBITDA margin of 31.7%.
N-able
N-able
N-able Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
N-able provided a positive financial outlook for Q3 2025 and full-year 2025, expecting continued revenue and ARR growth, along with strong adjusted EBITDA.
Positive Outlook
- Q3 2025 total revenue is projected to be between $127 million and $128 million, indicating 9% to 10% year-over-year growth.
- Full-year 2025 total ARR is expected to be in the range of $525 million to $530 million, representing 9% to 10% year-over-year growth.
- Full-year 2025 total revenue is anticipated to be between $500 million and $503 million, showing 7% to 8% year-over-year growth.
- Q3 2025 adjusted EBITDA is forecasted to be between $36 million and $37 million, with a margin of 28% to 29%.
- Full-year 2025 adjusted EBITDA is projected to be between $141 million and $144 million, with a margin of 28% to 29%.
Challenges Ahead
- The financial outlook is subject to uncertainty regarding foreign exchange rates and macroeconomic dynamics.
- Non-GAAP financial measures in the outlook exclude certain items, and reconciliation to GAAP is not available without unreasonable effort, which could be material to GAAP results.
- Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially.
- Potential impacts of adverse economic conditions, including inflation, rising interest rates, and geopolitical events, could reduce IT spending or delay purchasing decisions.
- Risks related to the company's ability to generate high-quality sales leads, integrate acquisitions, and protect intellectual property could affect future performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income