Quarterly ResultAug 10, 2026, 07:28 AM
N-able Revises Past Financials; Q2 Net Income $1.76M, Revenue $138.2M
AI Summary
N-able, Inc. reported a net income of $1.76 million for the second quarter of 2026, a significant improvement from a net loss of $4.63 million in the prior year. Revenue for the quarter increased by 5.9% to $138.2 million. The company also announced a revision of previously issued financial statements for Q2 2025 and Q1 2026 due to errors related to revenue overstatement and vendor credits, which were deemed material to the current period's statement of operations.
Key Highlights
- N-able revised previously issued financial statements for Q2 2025 and Q1 2026 due to errors.
- Q2 2026 net income was $1.76 million, up from a net loss of $4.63 million in Q2 2025.
- Q2 2026 subscription and other revenue increased 5.9% to $138.2 million from $130.5 million in Q2 2025.
- Six months ended June 30, 2026, net income was $0.08 million, compared to a net loss of $11.85 million in 2025.
- Six months ended June 30, 2026, revenue increased 8.8% to $270.6 million from $248.6 million in 2025.
- Cash and cash equivalents increased 3.5% to $115.8 million as of June 30, 2026, from $111.8 million at Dec 31, 2025.
- Net cash provided by operating activities for six months was $44.0 million, up slightly from $43.9 million in 2025.
Price Impact
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