Filing Flows › N-able (NABL) › Q2 2026 › vs Q2 2025
N-able (NABL) Q2 2026 vs Q2 2025 (year over year)
N-able's revenue rose $7.7M (+6%) from $131M in Q2 2025 to $138M in Q2 2026. The biggest changes: Subscription revenue +$7.9M (+6%); Other revenue −$223K (-16%). Gross margin 76.8% against 78.0% (-1.1 pts).
N-able, Q2 2026: revenue $138M (+6% year over year), operating margin 11.9%, net earnings $1.8M, operating cash flow $26.5M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 76.8% | 78.0% | -1.1 pts |
| Operating margin | 11.9% | 7.1% | +4.8 pts |
| Net margin | 1.3% | -3.5% | +4.8 pts |
| Free cash flow margin | 10.1% | 13.3% | -3.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription revenue | $137M | $129M | $7.9M | +6% |
| Other revenue | $1.2M | $1.4M | −$223K | -16% |
| Revenue | $138M | $131M | $7.7M | +6% |
| Gross profit | $106M | $102M | $4.5M | +4% |
| Cost of revenue | $32.0M | $28.8M | $3.2M | +11% |
| Operating profit | $16.5M | $9.3M | $7.2M | +77% |
| Operating expenses | $89.7M | $92.4M | −$2.7M | -3% |
| Pre-tax earnings | $7.7M | $415K | $7.3M | 19× |
| Other expense, net | $8.8M | $8.9M | −$149K | -2% |
| Research & development | $26.6M | $26.3M | $291K | +1% |
| Sales & marketing | $42.7M | $42.4M | $324K | +0.8% |
| General & admin | $19.9M | $23.2M | −$3.3M | -14% |
| Other operating costs | $497K | $503K | −$6K | -1% |
| Net earnings | $1.8M | −$4.6M | $6.4M | — |
| Income tax | $6.0M | $5.0M | $914K | +18% |
| Depreciation & amortization | $10.6M | $10.9M | −$373K | -3% |
| Share-based compensation | $10.1M | $12.9M | −$2.7M | -21% |
| Working capital & other | $4.0M | $5.0M | −$952K | -19% |
| Operating cash flow | $26.5M | $24.2M | $2.3M | +10% |
| Free cash flow (company-reported) | $14.0M | $17.4M | −$3.4M | -19% |
| Purchases of property and equipment | $9.8M | $3.8M | $6.0M | +159% |
| Purchases of intangible assets and other | $2.7M | $3.0M | −$314K | -10% |
Questions
How much did N-able's revenue grow year over year in Q2 2026?
N-able's revenue rose $7.7M (+6%) from $131M in Q2 2025 to $138M in Q2 2026.
What drove N-able's revenue change in Q2 2026?
Subscription revenue +$7.9M (+6%); Other revenue −$223K (-16%).