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How N-able, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$511M · 100%Cost of revenue$117M · 23%Gross profit$394M · 77%Operating income$36.8M · 7%Income before tax$2.4M · 0%Income tax$19.4M · 4%Net income−$17M · −3%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$511M100%
Cost of revenue$117M23%
$394M77%
$36.8M7%
Income before tax$2.4M0%
Income tax$19.4M4%
−$17M−3%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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