Filing Flows › N-able (NABL) › Q3 2025
N-able (NABL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
N-able (NABL) reported revenue of $131M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +0.4% from the quarter before. Operating margin was 8.3%, net earnings $914K (0.7% of revenue).
N-able, Q3 2025: revenue $131M (+12% year over year), operating margin 8.3%, net earnings $914K, operating cash flow $24.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $131M | +0.4% | +12% |
| Gross profit | $101M | -0.4% | +4% |
| Operating profit | $10.9M | +17% | -56% |
| Net earnings | $914K | — | -92% |
| Operating cash flow | $24.0M | -0.8% | +9% |
| Free cash flow | $14.6M | — | -13% |
What changed
Revenue was $131.1M in Q3 2025, up 12% year over year and roughly flat from the previous quarter.
Gross margin was 77.3%, down 5.7 points from a year earlier. Operating profit was $10.9M, a 8.3% margin (down 12.9 points year over year). Operating profit fell $14.0M even though revenue rose $13.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 24% against revenue growth of 12%. The fastest-growing cost line was General & admin (+40%). Net earnings were $914K, down 92% year over year. The effective tax rate was 87.3%.
Operating cash flow was $24.0M (up 9% year over year), 2626% of net earnings. Non-cash charges added back $11.2M of depreciation and amortization and $11.9M of share-based compensation. After purchases of property and equipment ($6.6M) and purchases of intangible assets ($2.8M), free cash flow as the company reports it was $14.6M.
Questions
What was N-able's revenue in the third quarter 2025?
N-able (NABL) reported revenue of $131M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +0.4% from the quarter before.
Was N-able profitable in the third quarter 2025?
Operating profit was $10.9M (8.3% of revenue) and net earnings $914K.
Source: N-able 10-Q on SEC EDGAR.