N-able Inc
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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6. Fair Value Measurements
- Fair Value Measurements
The following tables summarize the fair value of our money market fund financial assets and contingent consideration financial liabilities that were measured on a recurring basis as of March 31, 2025 and December 31, 2024. See Note 3. Acquisitions and Note 11. Commitments and Contingencies for further details regarding our contingent consideration liabilities. There have been no transfers between fair value measurement levels during the three months ended March 31, 2025.
| Fair Value Measurements as ofMarch 31, 2025 Using | ||||
|---|---|---|---|---|
| Quoted Prices inActive Marketsfor Identical Assets(Level 1) | SignificantOtherObservableInputs(Level 2) | SignificantUnobservableInputs(Level 3) | Total | |
| (in thousands) | ||||
| Assets: | ||||
| Money market funds | $54,478 | $— | $— | $54,478 |
| Liabilities: | ||||
| Contingent consideration | $— | $— | $14,750 | $14,750 |
| Fair Value Measurements as ofDecember 31, 2024 Using | ||||
|---|---|---|---|---|
| Quoted Prices inActive Marketsfor Identical Assets(Level 1) | SignificantOtherObservableInputs(Level 2) | SignificantUnobservableInputs(Level 3) | Total | |
| (in thousands) | ||||
| Assets: | ||||
| Money market funds | $43,976 | $— | $— | $43,976 |
| Liabilities: | ||||
| Contingent consideration | $— | $— | $14,050 | $14,050 |
The following table presents a summary of the changes in the fair value of our contingent consideration liabilities measured using Level 3 inputs during the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Beginning balance | $14,050 | $3,650 |
| Net losses (gains) recognized | 700 | (1,430) |
| Ending balance | $14,750 | $2,220 |
As of March 31, 2025 and December 31, 2024, the carrying value of our outstanding debt approximates its estimated fair value as the interest rate on the debt is adjusted for changes in market rates. See Note 8. Debt for further details regarding our debt.
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