earnings
confidence high
sentiment positive
materiality 0.75
N-able Q2 revenue $85.3M (+16% YoY), adj. EBITDA margin 33.1%; spin-off completed
N-able, Inc.
2021-Q2 EPS reported
-$0.02
revenue$168,530,000
- Total revenue $85.3M, up 16% YoY; subscription revenue $82.8M, up 17% YoY.
- GAAP net income $0.5M; adjusted EBITDA $28.2M (33.1% margin).
- Partners with >$50K ARR increased 32% YoY, now 46% of total ARR.
- Spin-off from SolarWinds completed July 19, 2021; cash $50M, debt $350M post-spin.
- Added four executive leaders: CTO, General Counsel, CSO, CMO.