N-able, Inc. Reports Q2 2025 Revenue Growth Amid Rising Costs and Net Loss Challenges

**N-able, Inc. (NYSE: NABL)** recently released its second quarter financial results for 2025. Here are the key points and statistics reflecting the company's financial performance and operations:

Positive Aspects:

• Revenue Growth: Total revenue rose to $131.2 million for Q2 2025, an increase of 9.9% from $119.4 million in Q2 2024. Subscription revenue specifically increased by 10.6% to $129.9 million.
• Annual Recurring Revenue (ARR): ARR grew 14.5% to $513.7 million, with a notable increase in high-value customers (> $50,000 ARR) rising to 2,540 from 2,194.
• Cash Position: Cash and cash equivalents increased to $93.9 million as of June 30, 2025, compared to $85.2 million at year-end 2024.
• Strong Cash Flow from Operations: Cash flow from operations was $24.2 million, although down from $27.3 million in Q2 2024, maintaining a healthy cash generation outlook.

Negative Aspects:

• Operating Income Decline: Operating income fell to $10.1 million in Q2 2025 from $22.0 million in Q2 2024.
• Net Loss: The company reported a net loss of $4.0 million for Q2 2025, contrasting with a profit of $9.5 million in the same period last year.
• Increased Expenses: Total cost of revenue surged to $28.7 million (21.9% of revenue) from $19.2 million (16.0% of revenue) in Q2 2024, driven primarily by higher amortization expenses and increased operational costs following acquisitions.
• High Effective Tax Rate: The effective tax rate for Q2 2025 soared to 441.4% compared to 39.1% in Q2 2024 due to unbenefited losses.

Key Statistics:

• Subscription and Other Revenue: $131.2 million (Q2 2025); $119.4 million (Q2 2024)
• Operating Expenses: $92.4 million (Q2 2025); $78.3 million (Q2 2024)
• Net Loss per Share (Basic): $(0.02) (Q2 2025); $0.05 (Q2 2024)
• Total Assets: $1.386 billion (as of June 30, 2025)
• Long-term Debt: $328.6 million (as of June 30, 2025)

N-able, Inc. continues to pursue growth through strategic initiatives and acquisitions, like its recent acquisition of Adlumin, although it faces challenges with rising operational costs and profitability this quarter.