N-able Inc

16. Operating Segments and Geographic Information

Operating Segments

Our chief operating decision-maker (“CODM”) is our Chief Executive Officer. As our CODM, our Chief Executive Officer manages the business as a multi-product business that utilizes its model to deliver software products to customers regardless of their geography or IT environment. Operating results, including discrete financial information and profitability metrics, are reviewed at the consolidated entity level for purposes of making resource allocation decisions and for evaluating financial performance. Accordingly, we consider ourselves to be in a single operating and reportable segment structure.

As we operate in a single operating and reportable segment structure, our CODM assesses performance for the segment and decides how to allocate resources based on consolidated net income, as presented in our Consolidated Statements of Operations, among other metrics. Segment asset information is not reported to the CODM. Our CODM uses consolidated net income to assess performance for the segment by reviewing actual performance against internal forecasts and historical performance. Since we operate asone operating segment, financial segment information, including profit or loss, can be found in our Consolidated Financial Statements. While not presented separately within our Consolidated Financial Statements, our consolidated net income includes depreciation expense of $16.0 million, $15.2 million, and $13.2 million for the years ended December 31, 2024, 2023, and 2022, respectively, and amortization expense of $9.8 million, $6.4 million, and $11.2 million for the years ended December 31, 2024, 2023, and 2022, respectively.

Geographic Information

We base revenue by geography on the shipping address of each customer. Other than the United States and the United Kingdom, no single country accounted for 10% or more of our total revenue for the years ended December 31, 2024, 2023, and 2022, respectively. The following tables set forth revenue by geographic area:

Other than the United States and Switzerland, no single country accounted for 10% or more of our total net long-lived assets as of December 31, 2024 and 2023, respectively. The following tables set forth net long-lived assets by geographic area: