N-able, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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4. Goodwill and Intangible Assets
- Goodwill and Intangible Assets
The following table reflects the changes in goodwill for the years ended December 31, 2025 and 2024:
| (in thousands) | |
|---|---|
| Balance as of December 31, 2023 | $838,497 |
| Acquisitions | 160,362 |
| Foreign currency translation and other adjustments | (21,846) |
| Balance as of December 31, 2024 | 977,013 |
| Acquisition measurement period adjustments | 136 |
| Foreign currency translation and other adjustments | 47,151 |
| Balance as of December 31, 2025 | $1,024,300 |
Intangible Assets
Intangible assets consisted of the following as of December 31, 2025 and 2024:
| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| GrossCarryingAmount | AccumulatedAmortization | Net | GrossCarryingAmount | AccumulatedAmortization | Net | |
| (in thousands) | ||||||
| Developed product technologies | $108,728 | $(47,476) | $61,252 | $107,165 | $(29,509) | $77,656 |
| Customer relationships | 97,539 | (94,139) | 3,400 | 97,529 | (92,318) | 5,211 |
| Trademarks | 1,013 | (879) | 134 | 1,013 | (730) | 283 |
| Total intangible assets | $207,280 | $(142,494) | $64,786 | $205,707 | $(122,557) | $83,150 |
Intangible asset amortization expense was as follows:
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (in thousands) | |||
| Intangible asset amortization expense | $18,870 | $3,798 | $2,436 |
As of December 31, 2025, we estimate aggregate intangible asset amortization expense to be as follows:
| Estimated Amortization | |
|---|---|
| (in thousands) | |
| 2026 | $18,925 |
| 2027 | 17,589 |
| 2028 | 14,978 |
| 2029 | 13,294 |
| Total amortization expense | $64,786 |
The expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected asset lives of intangible assets and other events.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.