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Dec 31, 2024
N-able Q4 2024 Earnings Report
Exceeded Q4 revenue guidance with strong subscription growth.
Key Takeaways
N-able delivered solid Q4-24 results, surpassing revenue expectations. Subscription revenue growth and the Adlumin acquisition strengthened its cybersecurity offerings. Profitability was stable, with strong margins.
Total revenue reached $116,509,000, growing 7.5% YoY.
Subscription revenue grew 8.5% YoY to $115,033,000.
GAAP net income was $3,290,000, with non-GAAP net income of $18,838,000.
The acquisition of Adlumin expanded N-able’s security capabilities.
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N-able Revenue by Segment
Forward Guidance
N-able expects moderate revenue growth in Q1-25, with investments in cybersecurity and strategic acquisitions driving long-term expansion.
Positive Outlook
- Total revenue projected between $115M-$116M, up 1%-2% YoY.
- Subscription revenue expected to continue growing.
- Adjusted EBITDA margin guidance at 24%-25%.
- ARR projected to surpass $500M in FY25.
- Continued investment in security solutions to expand market reach.
Challenges Ahead
- Revenue growth slowing compared to prior quarters.
- Adjusted EBITDA margin expected to decline YoY.
- Foreign currency fluctuations could impact revenue.
- Integration of Adlumin acquisition may present challenges.
- Rising costs related to R&D and go-to-market strategies.