N-able, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 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 September 30, 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 and nine months ended September 30, 2025.
| Fair Value Measurements as ofSeptember 30, 2025 Using | ||||
|---|---|---|---|---|
| Quoted Prices inActive Marketsfor Identical Assets(Level 1) | SignificantOtherObservableInputs(Level 2) | SignificantUnobservableInputs(Level 3) | Total | |
| (in thousands) | ||||
| Assets: | ||||
| Money market funds | $55,671 | $— | $— | $55,671 |
| Liabilities: | ||||
| Contingent consideration | $— | $— | $12,190 | $12,190 |
| 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 and nine months ended September 30, 2025 and 2024:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (in thousands) | ||||
| Beginning balance | $10,310 | $2,280 | $14,050 | $3,650 |
| Payments | — | — | (5,358) | — |
| Net losses (gains) recognized | 1,880 | (2,280) | 3,498 | (3,650) |
| Ending balance | $12,190 | $— | $12,190 | $— |
As of September 30, 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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.