N-able beats top-line and bottom-line estimates; initiates Q4 and updates FY outlook

* N-able press release [https://seekingalpha.com/pr/20296355-n-able-announces-third-quarter-2025-results] (NABL [https://seekingalpha.com/symbol/NABL]): Q3 Non-GAAP EPS of $0.13 beats by $0.04.
* Revenue of $131.7M (+13.1% Y/Y) beats by $4.22M.
* Subscription revenue of $130.5 million, representing 13.5% year-over-year growth, or 11.9% year-over-year growth on a constant currency basis.
* Total ARR of $528.1 million, representing 14.2% year-over-year growth, or 12.9% year-over-year growth on a constant currency basis.
* Adjusted EBITDA of $41.4 million, representing an adjusted EBITDA margin of 31.4%.

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FINANCIAL OUTLOOK FOR THE FOURTH QUARTER OF 2025

N-able management currently expects to achieve the following results for the fourth quarter of 2025:

* Total revenue in the range of $126.5 to $127.5 million VS. $124.64M CONSENSUS, representing approximately 9% year-over-year growth on a reported basis and 7% to 8% on a constant currency basis.
* Adjusted EBITDA in the range of $33.6 to $34.6 million, representing approximately 27% of total revenue.

FINANCIAL OUTLOOK FOR FULL-YEAR 2025

N-ABLE MANAGEMENT CURRENTLY EXPECTS TO ACHIEVE THE FOLLOWING RESULTS FOR THE FULL-YEAR 2025:

* Total ARR in the range of $530 to $531 million, representing 10% year-over-year growth on a reported basis and approximately 8% on a constant currency basis.
* Total revenue in the range of $507.7 to $508.7 million VS. $501.75M CONSENSUS, representing approximately 9% year-over-year growth on a reported basis and 8% on a constant currency basis.
* Adjusted EBITDA in the range of $148.2 to $149.2 million, representing approximately 29% of total revenue.

Additional details on the company's outlook will be provided on the conference call.

MORE ON N-ABLE

* Seeking Alpha’s Quant Rating on N-able [https://seekingalpha.com/symbol/NABL/ratings/quant-ratings]
* Historical earnings data for N-able [https://seekingalpha.com/symbol/NABL/earnings]
* Financial information for N-able [https://seekingalpha.com/symbol/NABL/income-statement]