N-able Inc. Common Stock (NABL)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

My Graham instincts say start with the balance sheet and the cash, not the story. N-able sells endpoint management and security software to IT service providers. Revenue has grown, but slowly and unevenly at the bottom line. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $138.2M and net income $1.8M, a thin 1.27% margin. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $132.4M and net income was -$1.7M. For FY2025, period ended 2025-12-31, revenue was $508.8M and net income was -$18.8M, or diluted EPS -$0.10. That followed FY2024 net income of $30.7M and FY2023 net income of $23.8M. The Lynch category computed from annual results is TURNAROUND, because the latest year had a loss after earlier profits. Quality is mixed. Trailing free cash flow was $60.2M, a 7.0% FCF yield on the $855.7M market cap at the 2026-10-13 close. FairStock's Piotroski F-Score is 7/9, suggesting improving fundamentals. But FairStock calculations at that close show Altman Z-Score 1.10, in distress territory; D/E 0.54; ROE -0.63%; ROCE 2.06%; P/B 1.06; P/E -151.00 because earnings are negative; EV/EBITDA 11.95; and FairStock Score 43/100. Revenue in fiscal Q2 2026 was $138.2M, up about 5.9% from fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $130.5M. That is modest. At $4.53, the market prices in a lot of uncertainty. A turnaround may work, but the margin for error is thin. I'd want consistent profits and cash generation before calling it a bargain.

In plain English: N-able makes software that helps IT service providers manage devices, security, and backups. The business is not very profitable right now: it lost money in fiscal year 2025 but made a small profit in the latest quarter, while revenue is growing slowly. At $4.53, the price looks roughly fair to cheap compared with its cash flow and accounting value, but the risks are meaningful.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer