Valuation, from the filing
| Public float | $598.10M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $3.18 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 1.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
35.8× earnings today, against a median of 36.5× across 3 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2024-06-30 | $1.10B | 35.8× | |
| 2023-06-30 | $1.00B | 42.0× | |
| 2022-06-30 | $609.50M | 36.5× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Services-Prepackaged Software filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| CapEx / revenue | 3.6% | 82th | |
| Operating margin | 6.7% | 72th | |
| Gross margin | 76.9% | 68th | |
| R&D / revenue | 19.8% | 39th | |
| Current ratio | 1.17x | 40th | |
| SBC / revenue | 9.2% | 42th | |
| Long-term debt / equity | 0.49x | 58th | |
| Revenue YoY growth | 9.3% | 45th | |
| Net margin | -3.7% | 53th | |
| FCF margin | 14.8% | 50th |
N-able, Inc. (NABL) reported revenue of $508.84M and net income of -$18.82M for the fiscal year ended 2025-12-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from N-able, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.
Income
| Metric | 2025-12-31 |
|---|---|
| Revenue | $508.84M |
| Cost of revenue | $117.36M |
| Gross profit | $391.48M |
| Operating income | $33.90M |
| Net income | -$18.82M |
| Research & development | $100.71M |
| Weighted-average diluted shares | shares 752.13M |
| Pretax income | -$167.00K |
| Income tax expense | $18.65M |
| Diluted EPS | $-0.10 |
| Selling, general & administrative | $254.88M |
| General & administrative | $91.72M |
| Selling & marketing | $163.16M |
Balance
| Metric | 2025-12-31 |
|---|---|
| Cash & equivalents | $111.84M |
| Total assets | $1.41B |
| Current assets | $216.07M |
| Total liabilities | $607.67M |
| Current liabilities | $184.24M |
| Total equity incl. NCI | $802.04M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $49.97M |
| Goodwill | $1.02B |
| Long-term debt | $389.87M |
| Accounts payable | $9.00M |
Cash flow
| Metric | 2025-12-31 |
|---|---|
| Operating cash flow | $93.20M |
| Capital expenditures | $18.14M |
| Investing cash flow | -$28.96M |
| Financing cash flow | -$40.62M |
| Net change in cash | Unavailable |
| Stock-based compensation | $46.59M |
| Common dividends paid | Unavailable |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $44.36M |
Derived
| Metric | 2025-12-31 |
|---|---|
| Free cash flow | $75.06M |
| Gross margin | 76.9% |
| Operating margin | 6.7% |
| FCF margin | 14.8% |
| SBC / revenue | 9.2% |
| Current ratio | 1.17x |
| Revenue YoY growth | Unavailable |
| Net margin | -3.7% |
| R&D / revenue | 19.8% |
| CapEx / revenue | 3.6% |
| Long-term debt / equity | 0.49x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NABL in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.