N-able Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

NABL$4.81-0.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except per share information)

	Year Ended December 31,
	2023	2022	2021
Revenue:
Subscription and other revenue	$421,880	$371,769	$346,456
Cost of revenue:
Cost of revenue	66,369	56,133	46,677
Amortization of acquired technologies	1,839	2,477	5,755
Total cost of revenue	68,208	58,610	52,432
Gross profit	353,672	313,159	294,024
Operating expenses:
Sales and marketing	134,691	125,301	112,678
Research and development	78,180	63,484	53,959
General and administrative	69,885	71,125	80,575
Amortization of acquired intangibles	597	5,853	13,482
Total operating expenses	283,353	265,763	260,694
Operating income	70,319	47,396	33,330
Other expense:
Interest expense, net	(30,252)	(18,852)	(20,472)
Other income (expense), net	4,259	1,881	(1,266)
Total other expense, net	(25,993)	(16,971)	(21,738)
Income before income taxes	44,326	30,425	11,592
Income tax expense	20,914	13,718	11,479
Net income	$23,412	$16,707	$113
Net income per share:
Basic earnings per share	$0.13	$0.09	$0.00
Diluted earnings per share	$0.13	$0.09	$0.00
Weighted-average shares used to compute net income per share:
Shares used in computation of basic earnings per share	182,371	180,136	167,460
Shares used in computation of diluted earnings per share	185,980	181,297	168,667

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.