Financial Snapshot

Revenue
$449.2M
TTM
Gross Margin
83.87%
TTM
Net Earnings
$32.28M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
296.82%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$724.4M
Q2 2024
Cash
Q2 2024
P/E
71.65
Oct 17, 2024 EST
Free Cash Flow
$76.70M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $421.9M $371.8M $346.5M $302.9M $263.5M $228.3M
YoY Change 13.48% 7.31% 14.39% 14.93% 15.43%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $421.9M $371.8M $346.5M $302.9M $263.5M $228.3M
Cost Of Revenue $68.21M $58.61M $52.43M $63.17M $57.32M $57.35M
Gross Profit $353.7M $313.2M $294.0M $239.7M $206.2M $170.9M
Gross Profit Margin 83.83% 84.23% 84.87% 79.14% 78.25% 74.88%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $204.6M $196.4M $193.3M $139.4M $109.2M $95.56M
YoY Change 4.15% 1.64% 38.67% 27.59% 14.3%
% of Gross Profit 57.84% 62.72% 65.73% 58.14% 52.97% 55.9%
Research & Development $78.18M $63.48M $53.96M $42.72M $37.17M $32.89M
YoY Change 23.15% 17.65% 26.31% 14.92% 13.01%
% of Gross Profit 22.11% 20.27% 18.35% 17.82% 18.03% 19.24%
Depreciation & Amortization $21.62M $24.44M $33.77M $56.45M $54.14M $56.02M
YoY Change -11.53% -27.63% -40.18% 4.27% -3.36%
% of Gross Profit 6.11% 7.8% 11.49% 23.55% 26.26% 32.77%
Operating Expenses $283.4M $265.8M $260.7M $205.9M $169.6M $152.2M
YoY Change 6.62% 1.94% 26.59% 21.43% 11.44%
Operating Profit $70.32M $47.40M $33.33M $33.77M $36.61M $18.77M
YoY Change 48.36% 42.2% -1.29% -7.77% 95.01%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense -$30.25M -$18.85M -$20.47M -$28.14M -$33.81M -$34.52M
YoY Change 60.47% -7.91% -27.24% -16.77% -2.08%
% of Operating Profit -43.02% -39.78% -61.42% -83.33% -92.33% -183.89%
Other Income/Expense, Net -$25.99M -$16.97M -$21.74M -$28.91M -$33.42M -$1.742M
YoY Change 53.16% -21.93% -24.81% -13.49% 1818.43%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $44.33M $30.43M $11.59M $4.856M $3.193M -$17.49M
YoY Change 45.69% 162.47% 138.71% 52.08% -118.26%
Income Tax $20.91M $13.72M $11.48M $12.01M $5.705M -$3.799M
% Of Pretax Income 47.18% 45.09% 99.03% 247.41% 178.67%
Net Earnings $23.41M $16.71M $113.0K -$7.158M -$2.512M -$13.69M
YoY Change 40.13% 14684.96% -101.58% 184.95% -81.65%
Net Earnings / Revenue 5.55% 4.49% 0.03% -2.36% -0.95% -6.0%
Basic Earnings Per Share $0.13 $0.09 $0.00 -$0.05 -$0.02
Diluted Earnings Per Share $0.13 $0.09 $0.00 -$0.05 -$0.02 -$86.53K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $153.0M $98.85M $66.74M $99.79M $39.35M
YoY Change 54.83% 48.12% -33.12% 153.61%
Cash & Equivalents $153.0M $98.85M $66.74M $99.79M $39.35M
Short-Term Investments
Other Short-Term Assets $23.73M $12.70M $13.96M $5.584M $5.065M
YoY Change 86.89% -9.06% 150.04% 10.25%
Inventory
Prepaid Expenses
Receivables $40.01M $34.80M $33.04M $29.09M $25.98M
Other Receivables $8.001M $7.814M $7.250M $1.262M $974.0K
Total Short-Term Assets $224.8M $154.2M $121.0M $135.7M $71.37M
YoY Change 45.82% 27.41% -10.86% 90.17%
Property, Plant & Equipment $68.91M $69.16M $74.95M $33.29M $23.69M
YoY Change -0.36% -7.74% 125.17% 40.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.88M $17.88M $10.77M $9.269M $7.310M
YoY Change 33.59% 66.04% 16.16% 26.8%
Total Long-Term Assets $938.0M $924.7M $934.7M $944.0M $942.4M
YoY Change 1.44% -1.07% -0.99% 0.17%
Total Assets $1.163B $1.079B $1.056B $1.080B $1.014B
YoY Change
Accounts Payable $5.239M $3.544M $5.865M $5.542M $1.970M
YoY Change 47.83% -39.57% 5.83% 181.32%
Accrued Expenses $46.83M $41.40M $33.97M $25.76M $15.38M
YoY Change 13.12% 21.88% 31.87% 67.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.500M $3.500M $3.964M $8.023M $1.959M
YoY Change 0.0% -11.71% -50.59% 309.55%
Total Short-Term Liabilities $81.72M $61.81M $60.88M $54.83M $32.79M
YoY Change 32.2% 1.54% 11.04% 67.21%
Long-Term Debt $331.5M $333.5M $335.4M $372.7M $394.4M
YoY Change -0.59% -0.56% -10.0% -5.51%
Other Long-Term Liabilities $36.39M $38.70M $38.46M $15.22M $12.27M
YoY Change -5.98% 0.64% 152.74% 24.05%
Total Long-Term Liabilities $367.9M $372.2M $373.8M $387.9M $406.7M
YoY Change -1.15% -0.44% -3.62% -4.62%
Total Liabilities $451.4M $436.8M $437.3M $448.5M $450.1M
YoY Change 3.35% -0.13% -2.5% -0.34%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 182.4M shares 180.1M shares 167.5M shares 158.1M shares 158.1M shares
Diluted Shares Outstanding 186.0M shares 181.3M shares 168.7M shares 158.1M shares 158.1M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.3124 Billion

About N-Able Inc

N-able, Inc. engages in the provision of cloud-based software solutions for managed service providers, enabling them to support digital transformation and growth for small and medium-sized enterprises. The company is headquartered in Wilmington, Delaware and currently employs 1,598 full-time employees. The company went IPO on 2021-07-09. The Company’s platform consists of three core solution categories: remote monitoring and management, security solutions, and data protection as-a-service. Its remote monitoring and management capabilities include real-time availability and performance of networks and devices and automation of policies and workflows. The firm provides a layered security approach spanning network and systems infrastructure, applications, and end user devices through its data protection, patch management, endpoint security, web protection, e-mail security and archiving and vulnerability assessment solutions. The firm also provides cloud-based remote monitoring and management, security solutions, and data protection as-a-service that are integrated within its technology platform.

Industry: Services-Prepackaged Software Peers: Microsoft Corp A10 Networks Inc Commvault Systems Inc Jfrog Ltd ZeroFox Holdings, Inc. Ping Identity Holding Corp. Progress Software Corp Rapid7 Inc Adeia Inc ZUORA INC