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Sep 30, 2021
N-able Q3 2021 Earnings Report
N-able's Q3 2021 results were announced, showcasing year-over-year revenue growth and strong demand for security and data protection offerings.
Key Takeaways
N-able reported a total revenue of $88.4 million, representing a 16% year-over-year increase. Subscription revenue grew by approximately 17% year-over-year. The company's adjusted EBITDA reached $29.7 million, with a margin of 33.6%.
Total revenue reached $88.4 million, a 16% increase year-over-year.
Subscription revenue was $86.1 million, reflecting a 17% year-over-year growth.
GAAP gross margin was 86.1%, and non-GAAP gross margin was 87.7%.
Adjusted EBITDA was $29.7 million, representing a 33.6% margin.
Revenue by Segment
Forward Guidance
N-able provided its financial outlook for the fourth quarter and full year 2021, expecting continued revenue growth and adjusted EBITDA.
Positive Outlook
- Total revenue in the range of $88.5 to $89.0 million for Q4 2021, representing approximately 11% year-over-year growth.
- Adjusted EBITDA in the range of $27.5 to $28.0 million for Q4 2021, representing approximately 31.1% to 31.5% of total revenue.
- Total revenue in the range of $345.5 to $346.0 million for full year 2021, representing approximately 14% year-over-year growth.
- Adjusted EBITDA in the range of $113.1 to $113.6 million for full year 2021, representing approximately 32.7% to 32.8% of total revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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