← N-able, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $54.1m | $56.5m | $33.8m | $24.4m | $21.6m | $25.7m | $44.1m | $45.0m | |
| Amortization of debt issuance costs and discounts | $0 | $0 | $732k | $1.6m | $1.6m | $1.6m | $2.8m | — | |
| Deferred taxes | ($4.7m) | ($4.1m) | ($1.9m) | ($1.4m) | $330k | ($2.0m) | ($3.8m) | — | |
| Stock-based compensation expense | $8.7m | $21.1m | $29.4m | $36.5m | $43.6m | $45.4m | $46.6m | $46.0m | |
| Accounts receivable | ($5.0m) | ($3.5m) | ($5.6m) | ($3.4m) | ($7.1m) | ($2.1m) | ($8.5m) | ($2.7m) | |
| Accounts payable | ($236k) | $3.3m | ($455k) | ($1.6m) | $1.8m | ($461k) | $2.5m | $6.7m | |
| Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses | $624k | $2.7m | $1.1m | $728k | ($378k) | $24k | $695k | — | |
| Accrued liabilities and other | ($2.6m) | $8.0m | $11.9m | $3.0m | $16.1m | $630k | $4.3m | ($6.8m) | |
| Deferred revenue | ($495k) | $1.1m | $1.3m | $1.4m | $684k | $2.3m | ($732k) | — | |
| Prepaid and other current assets | ($1.0m) | ($581k) | ($10.7m) | $283k | ($10.8m) | ($1.3m) | ($8.2m) | — | |
| Net cash provided by operating activities | $25.5m |
$85.7m
+235.42%
|
$45.3m
-47.07%
|
$71.4m
+57.50%
|
$90.1m
+26.15%
|
$79.4m
-11.82%
|
$93.2m
+17.33%
|
$91.0m
-2.37%
|
|
| Purchases of property and equipment | ($5.8m) | ($11.9m) | ($30.7m) | ($12.8m) | ($13.8m) | ($17.6m) | ($18.1m) | ($27.4m) | |
| Acquisitions, net of cash acquired | ($14.8m) | $0 | $0 | ($9.2m) | $0 | ($98.7m) | $0 | $0 | |
| Net cash used in investing activities | ($23.0m) | ($16.1m) | ($34.8m) | ($30.2m) | ($22.3m) | ($122.4m) | ($29.0m) | ($27.1m) | |
| Repayments of borrowings from credit agreement | $0 | $0 | ($875k) | ($3.5m) | ($3.5m) | ($3.5m) | ($338.6m) | — | |
| Payments for debt issuance costs | $0 | $0 | ($10.1m) | $0 | $0 | $0 | ($4.1m) | — | |
| Repurchase of common stock | — | — | — | — | $0 | $0 | ($30.0m) | — | |
| Proceeds from issuance of common stock under employee stock purchase plan | — | $0 | $0 | $1.3m | $1.7m | $2.4m | $2.4m | — | |
| Net cash used in financing activities | ($42.8m) |
($10.6m)
+75.34%
|
($42.3m)
-300.85%
|
($10.4m)
+75.42%
|
($15.2m)
-45.87%
|
($22.6m)
-48.92%
|
($40.6m)
-79.80%
|
($37.8m)
+7.05%
|
|
| Net increase (decrease) in cash and cash equivalents | ($38.5m) | $60.4m | ($33.1m) | $32.1m | $54.2m | ($67.9m) | $26.6m | — | |
| Loss on foreign currency exchange rates | ($601k) | $1.7m | $1.4m | ($1.2m) | $358k | $2.7m | $1.6m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $1.8m | $1.5m | ($1.2m) | $1.3m | $1.6m | ($2.3m) | $3.0m | ($2.4m) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Net (loss) income | ($2.5m) | ($7.2m) | $113k | $16.7m | $23.4m | $31.0m | ($17.0m) | — | |
| Provision for (benefit from) doubtful accounts | $1.8m | $1.5m | $2.2m | ($323k) | ($159k) | ($285k) | $3.2m | — | |
| Loss (gain) on contingent consideration | — | $0 | $0 | ($83k) | ($1.4m) | ($6.3m) | $2.1m | — | |
| Deferred consideration expense | — | — | — | $0 | $0 | $1.8m | $14.3m | — | |
| Loss on lease modification | $0 | $0 | $271k | $0 | $0 | $1.1m | $998k | — | |
| Other non-cash expenses (benefits) | ($100k) | $0 | $0 | $148k | $220k | ($263k) | $532k | — | |
| Income taxes receivable | ($271k) | ($233k) | ($6.0m) | ($567k) | ($174k) | $4.7m | $217k | — | |
| Recoverable taxes | — | — | — | $102k | ($11.4m) | ($13.0m) | $14.6m | — | |
| Current contract assets | — | — | — | ($230k) | ($894k) | ($11.4m) | ($6.7m) | — | |
| Operating lease right-of-use assets, net | $0 | $0 | ($741k) | ($1.2m) | ($1.6m) | $438k | ($836k) | — | |
| Income taxes payable | $752k | $389k | $158k | ($3.2m) | $3.0m | $4.9m | $311k | — | |
| Other long-term assets | $0 | $0 | $231k | $780k | ($1.3m) | ($5.7m) | $927k | — | |
| Other long-term liabilities | $0 | $0 | $0 | $0 | ($90k) | $44k | $19k | — | |
| Purchases of intangible assets | ($2.4m) | ($4.2m) | ($4.2m) | ($8.2m) | ($8.6m) | ($6.2m) | ($11.1m) | — | |
| Return of deposits in escrow | — | — | — | — | $0 | $0 | $299k | — | |
| Payments of tax withholding obligations related to restricted stock | $0 | $0 | ($2.2m) | ($8.3m) | ($12.0m) | ($20.5m) | ($13.2m) | — | |
| Exercise of stock options | $0 | $0 | $23k | $108k | $72k | $12k | $2k | — | |
| Deferred acquisition payments | — | — | $0 | $0 | ($1.4m) | ($1.0m) | ($57.1m) | — | |
| Proceeds from credit agreement | $0 | $0 | $350.0m | $0 | $0 | $0 | $400.0m | — | |
| Beginning of period | $39.3m | $99.8m | $66.7m | $98.8m | $153.0m | $85.2m | $111.8m | — | |
| Cash paid for interest | $52.7m | $26.6m | $20.4m | $15.6m | $28.4m | $28.7m | $25.0m | — | |
| Cash paid for income taxes | $8.9m | $14.2m | $19.0m | $16.3m | $14.9m | $12.8m | $18.1m | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | $2.3m | $5.8m | $31.1m | $967k | $5.1m | $2.6m | $6.8m | — | |
| Non-cash consideration exchanged in business combinations | — | — | — | $0 | $0 | $14.7m | $0 | — |