NYSE$NABL
N-able Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
N-able's Q3 2023 results were strong, exceeding guidance on the top and bottom lines.
N-able reported strong third-quarter results, with total revenue of $107.6 million, representing approximately 15.0% year-over-year growth. The company's adjusted EBITDA was $36.6 million, up approximately 27% year-over-year, representing an adjusted EBITDA margin of 34.0%. N-able is maintaining its full-year 2023 revenue growth outlook of 13% year-over-year and raised its full-year 2023 adjusted EBITDA outlook to $139.2 - $139.7 Million with Adjusted EBITDA Margin of 33%.
- Total revenue of $107.6 million, representing approximately 15.0% year-over-year growth.
- Subscription revenue of $105.2 million, representing approximately 15.3% year-over-year growth.
- GAAP gross margin of 83.9% and non-GAAP gross margin of 84.6%.
- Adjusted EBITDA of $36.6 million, up approximately 27% year-over-year, representing an adjusted EBITDA margin of 34.0%.
Headline financials
Revenue & EPS history
N-able · Revenue · Quarterly
$108M
Revenue by segment
N-able · $108M total across 2 segments · Q3 2023
- Subscription Revenue$105M+15.4%97.8%
- Other Revenue$2.36M+1.9%2.2%
Forward guidance
N-able provided its financial outlook for the fourth quarter of 2023 and full-year 2023.
Tailwinds
- Total revenue in the range of $106.5 to $107.0 million for Q4 2023, representing approximately 11% to 12% year-over-year growth.
- Total revenue in the range of $106.5 to $107.0 million for Q4 2023, representing approximately 10% to 11% growth on a constant currency basis.
- Adjusted EBITDA in the range of $35.0 to $35.5 million for Q4 2023, representing approximately 33% of total revenue.
- Total revenue in the range of $420.0 to $420.5 million for full year 2023, representing approximately 13% year-over-year growth on both a reported and constant currency basis.
- Adjusted EBITDA in the range of $139.2 to $139.7 million for full year 2023, representing approximately 33% of total revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.4%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.4%
Avg return
30 days after
48%
11 / 23 earnings
Positive
+20.1%
Q3 2022
Best reaction
-28.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -26.6% | -28.4% | |
| Q4 2025 | -10.8% | -15.4% | -5.6% | |
| Q3 2025 | +9.1% | +2.2% | -3.6% | |
| Q1 2025 | +5.2% | +14.7% | +14.0% | |
| Q4 2024 | -28.2% | -26.7% | -25.7% | |
| Q3 2024 | -11.7% | -13.4% | -18.9% | |
| Q2 2024 | -1.4% | -2.9% | -5.4% | |
| Q1 2024 | -0.2% | +0.0% | +11.8% | |
| Q4 2023 | +5.9% | +3.0% | +2.1% | |
| Q3 2023 | -11.6% | -13.8% | -8.0% | |
| Q2 2023 | +1.3% | +0.1% | +0.4% | |
| Q1 2023 | +8.0% | +10.4% | +14.2% | |
| Q4 2022 | +19.5% | +15.4% | +16.8% | |
| Q3 2022 | +20.1% | +19.5% | +15.2% | |
| Q2 2022 | -2.1% | +0.2% | -2.1% | |
| Q1 2022 | +6.1% | +9.2% | +20.2% | |
| Q1 2021 | +6.1% | +9.2% | +20.2% | |
| Q4 2019 | +4.6% | -3.3% | -16.3% | |
| Q4 2021 | +2.3% | +2.4% | -13.9% | |
| Q3 2021 | -3.9% | -4.9% | -12.3% | |
| Q2 2020 | -1.6% | -1.5% | +6.6% | |
| Q2 2021 | -1.6% | -0.4% | +4.9% | |
| Q4 2020 | -1.6% | -0.4% | +4.9% | |
| Q3 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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