Q4 2025 N-Able Inc Earnings Call Transcript
Key Points
- N-able Inc (NABL) reported a 9% year-over-year revenue growth in constant currency for both the fourth quarter and full year 2025.
- The company achieved an adjusted EBITDA margin of 30% for both the fourth quarter and full year 2025.
- N-able Inc (NABL) successfully integrated the Adlumin acquisition, enhancing its presence in the AI SOC market.
- The company expanded its R&D capacity by opening a new center in India, which is expected to drive further innovation.
- N-able Inc (NABL) is leveraging AI to enhance its cybersecurity platform, which is expected to drive future growth and efficiency for customers.
- Gross margin decreased from 82% in 2024 to 80% in the fourth quarter of 2025.
- The company faces challenges from a constantly growing and complex threat landscape, which requires continuous innovation and adaptation.
- N-able Inc (NABL) is experiencing competitive pressure in the cybersecurity market, necessitating ongoing investment in AI and product development.
- The company's guidance for 2026 reflects only moderate growth expectations, with ARR growth projected at 8% to 9% year-over-year.
- There is a potential risk of AI-related disruptions in the industry, which could impact existing software workflows and customer adoption.
Ladies and gentlemen, thank you for joining us and welcome to the N-Able's fourth-quarter 2025 earnings call. (Operator Instructions)
I will now hand the conference over to Griffin Gyr, Investor relations. Please go ahead.
Thank you, operator, and welcome, everyone, to N-able's fourth-quarter 2025 earnings call. With me today are John Pagliuca, N-able's President and-CEO; and Tim O'Brien, EVP and CFO.
Following our prepared remarks, we will open the line for a question-and-answer session. This call is being simultaneously webcast on our Investor Relations website at investors.enable.com. There, you can also find our earnings press release, which is intended to supplement our prepared remarks during today's call.
Certain statements made during this call are forward-looking statements, including those concerning our financial outlook, our market opportunities and the impact of the global economic environment on our business. These statements are based on currently available information and
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