N-able, Inc.

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.

N-able, Inc. filed an Amendment No. 1 to its 2025 Annual Report on Form 10-K to disclose a material weakness in its internal control over financial reporting as of December 31, 2025. This weakness, related to manual revenue recognition processes, led to an adverse opinion from its auditor, PwC, on the effectiveness of internal controls. While the weakness resulted in immaterial errors in subscription revenue and related balance sheet accounts, the company confirmed these errors were not material to previously issued financial statements, which remain reliable. The amendment restates Part II, Item 9A, Controls and Procedures, and revises other sections.

N-able, Inc. reported strong Q2 2026 financial results, with total revenue increasing 5.9% year-over-year to $138.2 million and total ARR growing 6.0% to $544.5 million. The company also updated its full-year 2026 ARR outlook to a range of $562 million to $565 million. Concurrently, N-able announced a strategic workforce reorganization, reducing its global employee count by approximately 6%, which is expected to incur $4 million to $6 million in one-time charges but yield $11 million to $13 million in annual cash compensation savings.

N-able announced the departure of an officer, Mr. Colletti, who entered into a separation agreement with the company's indirect subsidiary, N-able Solutions ULC. While his duties ceased on July 9, 2026, his employment will continue through February 28, 2027. The agreement includes continued salary and benefits, a CAN$373,375 lump sum payment, a CAN$304,500 annual target bonus, and extended health benefits. He also remains eligible for equity compensation and certain change in control benefits.

N-able, Inc. announced a change in its Chief Revenue Officer position. Frank Colletti departed from his role, effective July 9, 2026, and may receive severance benefits. Concurrently, Russell Rosa has been appointed as the new Chief Revenue Officer, effective immediately, and will be responsible for the company's global sales organization and related functions.

N-able International Holdings II, LLC, an indirect wholly owned subsidiary of N-able, Inc., entered into a Third Amendment to its Credit Agreement on June 16, 2026. This amendment establishes a delayed draw term loan facility, allowing the company to incur up to $75.0 million in additional term loans. The proceeds will be used for general corporate purposes, including funding deferred consideration payments for the November 2024 acquisition of Adlumin, Inc., future permitted acquisitions, and share repurchases.

N-able, Inc. announced that Ann Johnson resigned from its Board of Directors and all associated committees, effective May 7, 2026. The company stated that her departure was not due to any disagreements regarding the company's operations, policies, or practices.

N-able, Inc. reported a significant improvement in its financial performance for the first quarter of 2026, with revenue increasing by 13.1% to $133.7 million. The company substantially narrowed its net loss to $0.6 million, an improvement from a $7.2 million loss in the prior year, while operating income saw a substantial rise. The filing also detailed the ongoing financial impact of the Adlumin acquisition and noted monitoring of goodwill for potential impairment due to a stock price decline.

N-able, Inc. reported strong first-quarter 2026 results, with total revenue reaching $133.7 million, a 13.1% year-over-year increase, and total ARR growing 11.2% to $548.0 million. The company exceeded its Q1 revenue and Adjusted EBITDA guidance and maintained its full-year ARR outlook. Key business developments included a partnership with Manchester City and the launch of new AI-powered cybersecurity solutions like N-zo and a custom MCP server.