N‑able, Inc. reported its fourth‑quarter 2025 results with total revenue of $130.3 million, up 11.8% year‑over‑year, surpassing the consensus estimate of $129.6 million. The company’s earnings per share were $0.06, falling short of the $0.10 estimate by 40%, a miss that reflects a GAAP net loss of $7.2 million for the quarter.
Revenue growth was driven by strong demand for the company’s cybersecurity and resilience platform, particularly within the managed‑service‑provider channel. Annual recurring revenue rose 11.9% to $539.7 million, and the recent acquisition of Adlumin expanded N‑able’s AI‑powered security operations center capabilities, adding new cross‑sell opportunities to existing customers.
The EPS miss can be attributed to a combination of higher operating expenses and one‑time charges that pushed the company into a GAAP net loss, while adjusted EBITDA margin held at 29.6%—slightly lower than the prior year’s margin. Management noted that investments in artificial‑intelligence innovation and go‑to‑market expansion are driving these costs, but the company remains confident in maintaining profitability as the platform scales.
For 2026, N‑able guided for revenue of $554 million to $559 million and ARR of $581 million to $586 million, representing an 8–9% year‑over‑year growth. Adjusted EBITDA margin guidance of 30–31% signals continued confidence in the company’s cost structure and pricing power, building on the 29.6% margin achieved in Q4 2025.
N‑able’s inclusion in the Gartner Magic Quadrant for Endpoint Management Tools and its strategic focus on AI‑driven security solutions reinforce its competitive positioning. CEO John Pagliuca emphasized that “AI doesn’t erode our moat, it widens it,” underscoring the company’s belief that its technology will sustain long‑term growth and profitability.
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