N-able earnings date
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N-able (NABL) Q3 2026 Earnings Report
NABL Q3 2026 EPS Results
- Actual EPS
- $0.12
- Consensus EPS
- $0.10
- Beat/Miss
- Beat by +$0.02
- One Year Ago EPS
- $0.13
NABL Q3 2026 Revenue Results
- Actual Revenue
- $137.45M
- Expected Revenue
- $135.03M
- Beat/Miss
- Beat by +$2.42M
- YoY Revenue Growth
- +4.36%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
N-able's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive, supported by 5% ARR and revenue growth, approximately 32% Adjusted EBITDA margin, strong Cove and security operations momentum, expanding AI and endpoint capabilities, share repurchases, and a broad product and channel growth plan. The main concerns were unchanged mid-80s gross retention, a decline in gross margin, near-term go-to-market variability, moderating fourth-quarter growth, FX pressure, and upcoming debt and acquisition-related obligations. Highlights significantly outweighed the stated challenges.
For the fourth quarter of 2026, N-able expects total revenue in the range of $133 million-$134 million, representing approximately 3%-4% year-over-year growth on a reported basis and 4%-5% on a constant currency basis, Adjusted EBITDA in the range of $39.6 million-$40.6 million, representing an Adjusted EBITDA margin of approximately 30%, total weighted average diluted shares outstanding of approximately 178 million-181 million, and a non-GAAP tax rate of approximately 25%; for the full year 2026, it expects total revenue of approximately $541 million-$542 million, representing approximately 6%-7% year-over-year growth on a reported basis and 5% on a constant currency basis, ARR of $558 million-$560 million, representing 3%-4% year-over-year growth on a reported basis and 5% on a constant currency basis, Adjusted EBITDA of $158.5 million-$159.5 million, representing an Adjusted EBITDA margin of approximately 29%, unlevered free cash flow of approximately $116 million-$118 million, CapEx of approximately 6% of total revenue, cash interest payments of approximately $28 million, total weighted average diluted shares outstanding of 186 million-187 million, and a non-GAAP tax rate of approximately 25%; guidance uses FX rates of 1.11 for the euro and 1.33 for the pound, reflecting an approximately $3 million headwind to full year 2026 ARR and a $750,000 headwind to full year 2026 revenue, while fourth quarter guidance assumes renewal rates similar to first half renewal rates, and full year 2026 constant currency ARR growth is the right framing for 2027 top line performance as N-able builds toward acceleration over time.
- Profitable Growth and Broad Customer ProtectionN-able's AI-powered end-to-end cybersecurity platform protects over 500,000 businesses worldwide. Third-quarter ARR was $553 million, growing 5% year over year in constant currency, while Adjusted EBITDA was $43.6 million, representing approximately a 32% margin.
- Strong Cybersecurity DemandN-able cited a survey of nearly 600 security decision-makers and practitioners in which 86% reported higher alert volumes over the last 12 months and 55% said alert noise disrupted incident response daily or several times a week. The company's earlier State of the SOC Report found that defenders face an alert every 30 seconds.
- Cove Data Protection MomentumCove surpassed 4 million Microsoft 365 mailboxes and protects over 200,000 businesses. Management said Cove continues to grow well ahead of the company as a whole and is becoming the backup platform of choice for businesses.
- DRaaS Exceeded $1 Million in ARRN-able's disaster recovery as a service offering already has hundreds of customers and surpassed $1 million in ARR within months of release. The service enables customers to restore operations in minutes directly from N-able's cloud, without a CapEx outlay or infrastructure to manage.
- Google Workspace Backup LaunchGoogle Workspace Backup entered preview and added thousands of users on its first day. Management expects Google coverage to widen Cove's addressable market and help win rates by allowing MSPs to protect Microsoft and Google environments from one console.
- Customer Outcomes Demonstrate Cove ValueA European MSP selected Cove for an initial deal worth over $350,000 in ARR to standardize a fragmented backup environment and create new backup and DRaaS revenue streams. Another customer reduced backup administration effort by over 50%, cut deployment time from hours to minutes, and restored terabytes of data within hours during a real recovery event.
- Cove Ranked Number One by Info-TechInfo-Tech ranked Cove number one overall in its Enterprise Backup Data Quadrant, including number one for business value created and number one for likelihood to recommend.
- Security Operations Surpassed $50 Million ARRMore than 90% of security investigations are automated by AI, allowing analysts to focus on escalated threats. Security operations ARR is now solidly above $50 million, with nine figures identified as the next planned milestone, and N-able has made incident response available to MSPs.
- UEM and EDR Product ExpansionN-able introduced AI-accelerated Vulnerability and Patch Management and expanded N-zo with Patch Expert and Vulnerability Expert, which provide answers based on live customer-environment data. Its EDR capabilities now include protection against AI-driven threats, FedRAMP options, cloud-native coverage, and a managed EDR tier.
- Growing Pipeline for Endpoint Security OfferingsN-able is bringing additional endpoint-security SKUs to market through its strategic SentinelOne partnership and its own intellectual property. Management said quotes and pipeline for these offerings are increasing, with early indicators showing demand.
- Go-to-Market Leadership and Channel ExpansionRussell Rosa joined as Chief Revenue Officer in July with more than 25 years of channel and enterprise cybersecurity experience. N-able announced a partnership with Leader in Australia, enabling MSPs, resellers, system integrators, and channel partners to access its security portfolio, and also became a security vendor for a leading U.K. partner.
- International Compliance OpportunityManagement is seeing increased compliance requirements reach small and medium-sized enterprises across Western Europe, including Italy and France, and has an investment in DACH. N-able also added the Leader partnership in Australia to support expansion in established markets with heightened security and compliance needs.
- Healthy Customer Mix and Net RetentionN-able ended the quarter with 2,716 customers contributing at least $50,000 of ARR, up approximately 4% year over year. These customers represented approximately 63% of total ARR, up from approximately 61% a year ago. Dollar-based net revenue retention was approximately 105% on a reported basis and 103% on a constant-currency basis.
- Revenue and Subscription GrowthThird-quarter total revenue was $137 million, up approximately 5% year over year on both a reported and constant-currency basis. Subscription revenue was $136 million, also up approximately 5% year over year on both bases, and approximately 46% of revenue came from outside North America.
- Cash Generation and Share RepurchasesThird-quarter unlevered free cash flow was $30 million. N-able repurchased approximately 10.2 million shares for $38.7 million, or approximately 5% of shares outstanding, and had approximately $56 million remaining under its authorization at quarter-end.
- Full-Year Profitability and Cash Flow OutlookFull-year 2026 guidance calls for Adjusted EBITDA of $158.5 million-$159.5 million, representing an Adjusted EBITDA margin of approximately 29%, and unlevered free cash flow of approximately $116 million-$118 million. Expected 2026 CapEx, including capitalized software development costs, is approximately 6% of total revenue.
- Expansion Pipeline and Product RoadmapN-able plans to add Entra ID capabilities, expand its security operations platform, monetize agents that complete tasks technicians handle manually, and use its expanded endpoint portfolio to support retention, expansion, and new-customer acquisition. Management said it plans to keep investing in product innovation, its go-to-market engine, and agentic AI in 2027.
- Adlumin and Cross-Sell OpportunityManagement described Adlumin as a success and said it is continuing to cross-sell the offering. It expects Adlumin to become a nine-figure opportunity as cross-selling continues.
- AI Adoption Across MSPsManagement said MSPs are adopting AI-driven security operations and AI-reinforced cybersecurity tools, while also seeing rapid adoption of AI tooling for IT operations in North America, the U.K., and Benelux. N-able is continuing to invest toward its vision of autonomous endpoint management.
- Business Resilience PositioningN-able positioned its platform as covering the full business-resilience cycle: patching, vulnerability management, and monitoring before an attack; Adlumin, endpoint security, and threat hunting during an attack; and Cove data protection after an attack. Management said this end-to-end model and its MSP-focused go-to-market support are differentiators.
NABL Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 25, 2027 | 2026 (Q4) | 0.10- | 0.06 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 0.100.12 | 0.13 | -7.69% (-0.01) | |
| Aug 10, 2026 | 2026 (Q2) | 0.100.10 | 0.11 | -9.09% (-0.01) | |
| May 07, 2026 | 2026 (Q1) | 0.090.09 | 0.08 | 12.50% (+0.01) | |
| Feb 19, 2026 | 2025 (Q4) | 0.100.06 | 0.1 | -40.00% (-0.04) | |
| Nov 06, 2025 | 2025 (Q3) | 0.090.13 | 0.13 | 0.00% (+0.00) | |
| Aug 07, 2025 | 2025 (Q2) | 0.090.11 | 0.14 | -21.43% (-0.03) | |
| May 08, 2025 | 2025 (Q1) | 0.070.08 | 0.11 | -27.27% (-0.03) | |
| Mar 03, 2025 | 2024 (Q4) | 0.080.10 | 0.11 | -9.09% (-0.01) | |
| Nov 07, 2024 | 2024 (Q3) | 0.100.13 | 0.09 | 44.44% (+0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
