N-ABLE, INC., 10-K filed on 2/26/2026
Annual Report
v3.25.4
Cover Page - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Feb. 23, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-40297    
Entity Registrant Name N-able, Inc.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 85-4069861    
Entity Address, Address Line One 30 Corporate Drive    
Entity Address, Address Line Two Suite 400    
Entity Address, City or Town Burlington,    
Entity Address, State or Province MA    
Entity Address, Postal Zip Code 01803    
City Area Code 781    
Local Phone Number 328-6490    
Title of 12(b) Security Common stock, $0.001 par value    
Trading Symbol NABL    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 598.1
Entity Common Stock, Shares Outstanding   188,376,316  
Documents Incorporated by Reference
Part III of this Annual Report on Form 10-K incorporates certain information by reference from the definitive proxy statement for the registrant’s 2026 Annual Meeting of Stockholders to be filed within 120 days of the registrant’s fiscal year ended December 31, 2025 (the “Proxy Statement”). Except with respect to information specifically incorporated by reference in this Annual Report on Form 10-K, the Proxy Statement is not deemed to be filed as part of this Annual Report on Form 10-K.
    
Entity Central Index Key 0001834488    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Firm ID 238
Auditor Name PricewaterhouseCoopers LLP
Auditor Location Austin, Texas
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 111,837 $ 85,196
Accounts receivable, net of allowances of $4,059 and $886 as of December 31, 2025 and 2024, respectively 50,342 44,909
Income tax receivable 3,432 3,563
Recoverable taxes 9,807 24,157
Current contract assets 19,528 12,786
Prepaid and other current assets 21,494 13,312
Total current assets 216,440 183,923
Property and equipment, net 37,962 36,162
Operating lease right-of-use assets 28,666 27,998
Deferred taxes 4,412 2,026
Goodwill 1,024,300 977,013
Intangible assets, net 64,786 83,150
Other assets, net 33,340 28,575
Total assets 1,409,906 1,338,847
Current liabilities:    
Accounts payable 8,999 6,290
Accrued liabilities and other 55,756 51,057
Current contingent consideration 10,840 5,500
Current deferred consideration 60,720 44,023
Current operating lease liabilities 7,203 6,018
Income taxes payable 9,803 9,733
Current portion of deferred revenue 24,494 23,977
Current debt obligation 4,000 3,500
Total current liabilities 181,815 150,098
Long-term liabilities:    
Deferred revenue, net of current portion 1,747 2,996
Non-current deferred taxes 1,847 3,448
Non-current operating lease liabilities 29,284 30,069
Long-term debt, net of current portion 389,873 329,606
Non-current deferred consideration 0 54,089
Other long-term liabilities 685 9,253
Total liabilities 605,251 579,559
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.001 par value: 550,000,000 shares authorized, 190,459,837 and 187,528,505 shares issued, and 186,683,682 and 187,528,505 shares outstanding as of December 31, 2025 and 2024, respectively 190 187
Preferred stock, $0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024, respectively 0 0
Additional paid-in capital 746,599 708,992
Treasury stock, at cost: 3,776,155 and no shares as of December 31, 2025 and 2024, respectively (30,000) 0
Accumulated other comprehensive income (loss) 33,694 (21,095)
Retained earnings 54,172 71,204
Total stockholders' equity 804,655 759,288
Total liabilities and stockholders' equity $ 1,409,906 $ 1,338,847
v3.25.4
Consolidated Balance Sheets (Parentheticals) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Allowance for doubtful accounts receivable $ 4,059 $ 886
Common Stock    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, authorized (in shares) 550,000,000 550,000,000
Common stock, issued (in shares) 190,459,837 187,528,505
Common stock, outstanding (in shares) 186,683,682 187,528,505
Preferred Stock    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, authorized (in shares) 50,000,000 50,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Treasury stock, common (in Shares) 3,776,155 0
v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Subscription and other revenue $ 511,430 $ 466,147 $ 421,880
Cost of revenue:      
Cost of revenue 100,180 77,159 66,369
Amortization of acquired technologies 16,874 3,520 1,839
Total cost of revenue 117,054 80,679 68,208
Gross profit 394,376 385,468 353,672
Operating expenses:      
Sales and marketing 163,163 135,592 134,691
Research and development 100,713 90,714 78,180
General and administrative 91,715 76,514 69,885
Amortization of acquired intangibles 1,996 278 597
Total operating expenses 357,587 303,098 283,353
Operating income 36,789 82,370 70,319
Other expense:      
Interest expense, net (35,997) (30,031) (30,252)
Other income, net 1,599 1,931 4,259
Total other expense, net (34,398) (28,100) (25,993)
Income before income taxes 2,391 54,270 44,326
Income tax expense 19,423 23,312 20,914
Net (loss) income $ (17,032) $ 30,958 $ 23,412
Net (loss) income per share:      
Basic earnings per share (in dollars per share) $ (0.09) $ 0.17 $ 0.13
Diluted earnings per share (in dollars per share) $ (0.09) $ 0.16 $ 0.13
Weighted-average shares used to compute net (loss) income per share:      
Shares used in computation of basic earnings per share (in shares) 187,819 185,277 182,371
Shares used in computation of diluted earnings per share (in shares) 187,819 188,426 185,980
v3.25.4
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net (loss) income $ (17,032) $ 30,958 $ 23,412
Other comprehensive income (loss):      
Foreign currency translation adjustment 54,789 (25,504) 12,224
Other comprehensive income (loss) 54,789 (25,504) 12,224
Comprehensive income $ 37,757 $ 5,454 $ 35,636
v3.25.4
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Retained Earnings
Balance at beginning of period (in shares) at Dec. 31, 2022   180,850,000        
Balance at beginning of period at Dec. 31, 2022 $ 642,071 $ 181 $ 0 $ 632,871 $ (7,815) $ 16,834
Beginning balance (in shares) at Dec. 31, 2022     0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 23,412         23,412
Foreign currency translation adjustment 12,224       12,224  
Exercise of stock options (in shares)   50,000        
Exercise of stock options 72     72    
Restricted stock units issued, net of shares withheld for taxes (in shares)   2,124,000        
Restricted stock units issued, net of shares withheld for taxes (11,974) $ 2   (11,976)    
Issuance of stock (in shares)   3,000        
Issuance of stock 0     0    
Issuance of stock under employee stock purchase plan (in shares)   194,000        
Issuance of stock under employee stock purchase plan 1,681     1,681    
Repurchase of stock (in shares)          
Repurchase of common stock 0        
Stock-based compensation 43,874     43,874    
Balance at end of period (in shares) at Dec. 31, 2023   183,221,000        
Balance at end of period at Dec. 31, 2023 711,360 $ 183 $ 0 666,522 4,409 40,246
Ending balance (in shares) at Dec. 31, 2023     0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 30,958         30,958
Foreign currency translation adjustment (25,504)       (25,504)  
Exercise of stock options (in shares)   28,000        
Exercise of stock options 12     12    
Restricted stock units issued, net of shares withheld for taxes (in shares)   2,632,000        
Restricted stock units issued, net of shares withheld for taxes (20,486) $ 3   (20,489)    
Issuance of stock (in shares)   1,434,000        
Issuance of stock 14,678 $ 1   14,677    
Issuance of stock under employee stock purchase plan (in shares)   214,000        
Issuance of stock under employee stock purchase plan 2,382     2,382    
Repurchase of stock (in shares)          
Repurchase of common stock 0        
Stock-based compensation $ 45,888     45,888    
Balance at end of period (in shares) at Dec. 31, 2024 187,528,505 187,529,000        
Balance at end of period at Dec. 31, 2024 $ 759,288 $ 187 $ 0 708,992 (21,095) 71,204
Ending balance (in shares) at Dec. 31, 2024 0   0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ (17,032)         (17,032)
Foreign currency translation adjustment $ 54,789       54,789  
Exercise of stock options (in shares) 6,580 7,000        
Exercise of stock options $ 2     2    
Restricted stock units issued, net of shares withheld for taxes (in shares)   2,508,000        
Restricted stock units issued, net of shares withheld for taxes (13,168) $ 3   (13,171)    
Issuance of stock (in shares)   102,000        
Issuance of stock 1,108     1,108    
Issuance of stock under employee stock purchase plan (in shares)   314,000        
Issuance of stock under employee stock purchase plan 2,358     2,358    
Repurchase of stock (in shares)     (3,776,000)      
Repurchase of common stock (30,038)   $ (30,000) (38)    
Stock-based compensation $ 47,348     47,348    
Balance at end of period (in shares) at Dec. 31, 2025 186,683,682 190,460,000        
Balance at end of period at Dec. 31, 2025 $ 804,655 $ 190 $ (30,000) $ 746,599 $ 33,694 $ 54,172
Ending balance (in shares) at Dec. 31, 2025 (3,776,155)   (3,776,000)      
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net (loss) income $ (17,032) $ 30,958 $ 23,412
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 44,057 25,725 21,623
Provision for (benefit from) doubtful accounts 3,173 (285) (159)
Stock-based compensation expense 46,593 45,351 43,570
Amortization of debt issuance costs and discounts 2,844 1,598 1,601
Deferred taxes (3,821) (1,952) 330
Loss on foreign currency exchange rates 1,565 2,702 358
Loss (gain) on contingent consideration 2,148 (6,281) (1,443)
Deferred consideration expense 14,316 1,843 0
Loss on lease modification 998 1,063 0
Other non-cash expenses (benefits) 532 (263) 220
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:      
Accounts receivable (8,507) (2,131) (7,060)
Income taxes receivable 217 4,685 (174)
Recoverable taxes 14,596 (12,965) (11,392)
Current contract assets (6,742) (11,430) (894)
Operating lease right-of-use assets, net (836) 438 (1,550)
Prepaid and other current assets (8,232) (1,253) 1,463
Accounts payable 2,539 (461) 1,833
Accrued liabilities and other 4,269 630 16,065
Income taxes payable 311 4,881 2,966
Deferred revenue (732) 2,261 684
Other long-term assets 927 (5,721) (1,274)
Other long-term liabilities 19 44 (90)
Net cash provided by operating activities 93,202 79,437 90,089
Cash flows from investing activities      
Purchases of property and equipment (18,139) (17,570) (13,780)
Purchases of intangible assets (11,118) (6,157) (8,556)
Acquisitions, net of cash acquired 0 (98,694) 0
Return of deposits in escrow 299 0 0
Net cash used in investing activities (28,958) (122,421) (22,336)
Cash flows from financing activities      
Payments of tax withholding obligations related to restricted stock (13,171) (20,489) (11,976)
Repurchase of common stock (30,038) 0 0
Exercise of stock options 2 12 72
Proceeds from issuance of common stock under employee stock purchase plan 2,358 2,382 1,681
Deferred acquisition payments (57,073) (1,000) (1,450)
Repayments of borrowings from credit agreement (338,625) (3,500) (3,500)
Proceeds from credit agreement 400,000 0 0
Payments for debt issuance costs (4,078) 0 0
Net cash used in financing activities (40,625) (22,595) (15,173)
Effect of exchange rate changes on cash and cash equivalents 3,022 (2,273) 1,621
Net increase (decrease) in cash and cash equivalents 26,641 (67,852) 54,201
Cash and cash equivalents      
Beginning of period 85,196 153,048 98,847
End of period 111,837 85,196 153,048
Supplemental disclosure of cash flow information      
Cash paid for interest 24,973 28,690 28,437
Cash paid for income taxes 18,064 12,772 14,934
Supplemental disclosure of non-cash activities:      
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses 695 24 (378)
Right-of-use assets obtained in exchange for operating lease liabilities 6,750 2,628 5,123
Non-cash consideration exchanged in business combinations $ 0 $ 14,678 $ 0
v3.25.4
Organization and Nature of Operations
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Nature of Operations Organization and Nature of Operations
Description of Business
N-able, Inc., a Delaware corporation, together with its subsidiaries, protects businesses from evolving cyberthreats. Our AI powered cybersecurity platform delivers business resilience to more than 500,000 organizations worldwide, leveraging advanced end-to-end capabilities, simplified workflows, market-leading integrations, and flexible deployment options to improve efficiency and drive critical security outcomes. Our partner-first approach pairs our technology with experts, training, and peer-led events that empower customers to be secure, resilient, and successful.
v3.25.4
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The accompanying Consolidated Financial Statements include the accounts of N-able, Inc. and the accounts of its wholly owned subsidiaries. We have eliminated all intercompany balances and transactions.
Reclassifications
Certain prior period amounts have been reclassified to conform to current period presentation.
Segment Information
Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the company’s chief operating decision‑maker in deciding how to allocate resources and in assessing performance. N-able currently operates in one reportable business segment.
Use of Estimates
The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. The actual results that we experience may differ materially from our estimates. The accounting estimates that require our most significant, difficult and subjective judgments include:
•the valuation of goodwill, intangibles, and long-lived assets;
•the valuation of contingent consideration;
•revenue recognition; and
•income taxes.
Foreign Currency Translation
The functional currency of our foreign subsidiaries is determined in accordance with authoritative guidance issued by the Financial Accounting Standards Board (“FASB”). We translate assets and liabilities for these subsidiaries at exchange rates in effect at the balance sheet date. We translate income and expense accounts for these subsidiaries at the average monthly exchange rates for the periods. We record resulting translation adjustments as a component of accumulated other comprehensive income (loss) within stockholders' equity. We record gains and losses from currency transactions denominated in currencies other than the functional currency as other income (expense), net in our Consolidated Statements of Operations. Local currency transactions of international subsidiaries that have the U.S. dollar as the functional currency are remeasured into U.S. dollars using current rates of exchange for monetary assets and liabilities and historical rates of exchange for non-monetary assets and liabilities. The foreign currency transactional and re-measurement exchange gains and (losses) were $0.3 million, $(2.6) million, and $0.9 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Cash and Cash Equivalents
All cash and cash equivalents included in the Consolidated Financial Statements are legally owned by N-able legal entities. We consider highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. As of December 31, 2025 and 2024, we have money market fund financial assets of $68.2 million and $44.0 million, respectively, which are included in “cash and cash equivalents” in our Consolidated Balance Sheets. See “Fair Value Measurements” below
and Note 7. Fair Value Measurements for further details regarding the fair value measurements of our money market fund financial assets.
Acquisitions
The purchase price of our acquired businesses is allocated to the assets acquired and the liabilities assumed based on their estimated fair values, with the excess recorded as goodwill in the reporting unit expected to benefit from the business combination. If applicable, we estimate the fair value of contingent consideration payments in determining the purchase price. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair value of the tangible and intangible assets acquired and liabilities assumed, including the deferred tax asset valuation allowances and acquired income tax uncertainties, with the corresponding offset to goodwill. We include the operating results of acquisitions in our Consolidated Financial Statements from the acquisition date. Acquisition related costs are expensed separately from the acquisition as incurred and are primarily included in general and administrative expenses in our Consolidated Statements of Operations.
The fair value of identifiable intangible assets is based on significant judgments made by management. We typically engage third party valuation appraisal firms to assist us in determining the fair values, useful lives of the assets acquired, and the excess earnings methodology used to calculate the fair values under the income approach. The valuation estimates and assumptions are based on historical experience and information obtained by management, and include forecasted revenue growth rate and cost of revenue earned from the developed technology. Other estimates include forecasted operating cash flows and discount rates applied in determining the present value of those cash flows. Unanticipated events and circumstances may occur that could affect the accuracy or validity of such assumptions, estimates or actual results. Acquired identifiable intangible assets are amortized on the straight-line method over their estimated economic lives, which are generally two to seven years for trademarks, customer relationships and developed product technologies. We include amortization of acquired developed product technologies in cost of revenue and amortization of other acquired intangible assets in operating expenses in our Consolidated Statements of Operations.
Impairment of Goodwill, Intangible Assets and Long-lived Assets
Goodwill
Goodwill represents the amount of the purchase price in excess of the estimated fair value of net assets of businesses acquired in a business combination. Our goodwill was primarily derived from the take private transaction of SolarWinds in February 2016 and subsequent business combinations, where the purchase price exceeded the fair value of the net identifiable assets acquired. We test goodwill at least annually during the fourth quarter or sooner when circumstances indicate an impairment may exist. An impairment of goodwill is recognized when the carrying amount of a reporting unit exceeds its fair value. For purposes of the annual impairment test, we first assess qualitative factors to determine whether it is more likely than not that the fair value of our single reporting unit is less than its carrying value. If, based on a review of qualitative factors, it is more likely than not that the fair value of the reporting unit is less than its carrying value we perform a quantitative goodwill impairment test by comparing the fair value of the reporting unit to its carrying amount. If the carrying value exceeds the fair value, an impairment loss is recognized for the amount by which the reporting unit's carrying value exceeds its fair value, not to exceed the carrying value of goodwill in that reporting unit. We may also elect to bypass the qualitative assessment and perform a quantitative assessment.
In October 2025, we performed a quantitative assessment for our single reporting unit. For the quantitative assessment, we compared the fair value of the reporting unit to its carrying value. As of October 1, 2025, the fair value of the reporting unit exceeded its carrying value.
Fair value determination of our reporting unit requires considerable judgment and is sensitive to changes in underlying assumptions and factors. As a result, there can be no assurance that the estimates and assumptions made for purposes of the quantitative goodwill impairment test will prove to be an accurate prediction of future results. If an event occurs that would cause us to revise our estimates and assumptions used in analyzing the value of our goodwill, the revision could result in a non-cash impairment charge that could have a material impact on our financial results.
Long-Lived Assets
We evaluate the recoverability of our long-lived assets, including finite-lived intangible assets and other assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Our finite-lived intangible assets are primarily related to assets acquired at the take private transaction of SolarWinds and subsequent business combinations. Events or changes in circumstances that could result in an impairment review include, but are not limited to, significant underperformance relative to historical or projected future operating results,
significant changes in the manner of use of the acquired assets or the strategy for our overall business, and significant negative industry or economic trends. In the event that the net book value of our long-lived assets exceeds the future undiscounted net cash flows attributable to such assets, an impairment charge would be required. Impairment, if any, is recognized in the period of identification to the extent the carrying amount of an asset or asset group exceeds the fair value of such asset or asset group. For the years ended December 31, 2025, 2024, and 2023, there were no indicators that our long-lived assets were impaired.
Fair Value Measurements
We apply the authoritative guidance on fair value measurements for financial assets and liabilities, such as our money market fund financial assets and contingent consideration liabilities, that are measured at fair value on a recurring basis and non-financial assets and liabilities, such as goodwill, intangible assets and property, plant and equipment that are measured at fair value on a non-recurring basis.
The guidance establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows:
Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets accessible by us.
Level 2: Inputs that are observable in the marketplace other than those inputs classified as Level 1.
Level 3: Inputs that are unobservable in the marketplace and significant to the valuation.
The carrying amounts reported in our Consolidated Balance Sheets for cash, accounts receivable, accounts payable and other accrued expenses approximate fair value due to relatively short periods to maturity. See Note 7. Fair Value Measurements for a summary of our financial instruments accounted for at fair value on a recurring basis as of December 31, 2025 and 2024. As of December 31, 2025 and 2024, the carrying value of our outstanding debt approximates its estimated fair value as the interest rate on the debt is adjusted for changes in market rates. See Note 9. Debt for additional information regarding our debt.
Accounts Receivable
Accounts receivable represent trade receivables from customers when we have sold subscriptions for software-as-a-service (“SaaS”) offerings as well as subscription-based term licenses and from the sale of maintenance services associated with our perpetual license products and have not yet received payment. We present accounts receivable net of an allowance for doubtful accounts. We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make required payments. In doing so, we consider the current financial condition of the customer, the specific details of the customer account, the age of the outstanding balance and the current economic environment. Any change in the assumptions used in analyzing a specific account receivable might result in an additional allowance for doubtful accounts being recognized in the period in which the change occurs. Our allowance for doubtful accounts was $4.1 million, $0.9 million and $1.2 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Property and Equipment
We record property and equipment at cost and depreciate them using the straight-line method over their estimated useful lives as follows:
Useful Life
(in years)
Equipment, servers and computers
3 - 5
Furniture and fixtures
5 - 7
Software
3 - 5
Leasehold improvementsLesser of lease term or useful life
Upon retirement or sale of property and equipment, we remove the cost of assets disposed of and any related accumulated depreciation from our accounts and credit or charge any resulting gain or loss to operating expense. We expense repairs and maintenance as they are incurred.
Research and Development Costs
Research and development expenses primarily consist of personnel costs and contractor fees related to the development of new software products and enhancements to existing software products. Personnel costs include salaries, bonuses and stock-based compensation and related employer-paid payroll taxes, as well as an allocation of our facilities, depreciation, benefits and IT costs. Research and development costs are charged to operations as incurred.
Internal-Use Software Costs
We capitalize costs related to developing new functionality for our suite of products that are hosted and accessed by our customers on a subscription basis. We also capitalize costs related to specific upgrades and enhancements when it is probable the expenditures will result in additional functionality. Costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. Capitalized costs are recorded as part of other assets, net in our Consolidated Balance Sheets. Maintenance and training costs are expensed as incurred. Internal-use software costs are amortized on a straight-line basis over its estimated useful life, generally three years, and included in cost of revenue in the Consolidated Statements of Operations. There was an impairment to internal-use software costs of $0.4 million during the year ended December 31, 2025, and no impairments to internal-use software costs during the years ended December 31, 2024 and 2023.
On December 14, 2022, we completed the acquisition of certain assets, primarily in the form of intellectual property, from a third party for a total consideration of up to $6.5 million, including $3.1 million of cash paid on the acquisition date, $1.0 million of product delivery fees, and up to $2.5 million payable upon the achievement of certain software engineering and knowledge transfer milestones as of September 1, 2023 and December 1, 2023. The total consideration of $6.5 million was capitalized as costs to obtain internal-use computer software from third parties and is being amortized over an estimated useful life of three years, beginning when the related technology is deemed ready for its intended use, in accordance with our policy for the capitalization of internal-use software costs.
The $3.1 million of cash paid on the acquisition date and $1.0 million of product delivery fees was deemed to be the total value of technology ready for its intended use as of the acquisition date and is being amortized over an estimated useful life of three years, beginning on the acquisition date. The $2.5 million of contingent consideration was deemed to be the total value of technology not ready for its intended use as of the acquisition date. During the year ended December 31, 2023, $1.5 million of cash was paid due to the achievement of two of the software engineering and knowledge transfer milestones, with the related technology deemed ready for its intended use. During the year ended December 31, 2024, $1.0 million of cash was paid due to the achievement of the final software engineering and knowledge transfer milestones, with the related technology deemed ready for its intended use. There is no remaining contingent consideration related to this acquisition as of December 31, 2025 and 2024, and no gains or losses on the contingent consideration were recognized during the years ended December 31, 2025, 2024 and 2023, respectively. See Note 8. Accrued Liabilities and Other and Note 15. Commitments and Contingencies for additional information regarding the contingent consideration liabilities.
We had $24.2 million and $18.8 million of net internal-use software costs capitalized as of December 31, 2025 and 2024, respectively. Amortization expense of internal-use software costs was $6.9 million, $5.3 million, and $3.4 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Debt Issuance Costs
Debt issuance costs for our secured credit facilities are presented as a deduction from the corresponding debt liability on our Consolidated Balance Sheets and amortized on an effective interest rate method over the term of the associated debt as interest expense in our Consolidated Statements of Operations. Amortization of debt issuance costs included in interest expense was $3.3 million, $1.6 million, and $1.6 million for the years ended December 31, 2025, 2024 and 2023, respectively. See Note 9. Debt for discussion of our secured credit facilities.
Contingencies
We account for claims and contingencies in accordance with authoritative guidance that requires we record an estimated loss from a claim or loss contingency when information available prior to issuance of our Consolidated Financial Statements indicates a liability has been incurred at the date of our Consolidated Financial Statements and the amount of the loss can be reasonably estimated. If we determine that it is reasonably possible but not probable that an asset has been impaired or a liability has been incurred, we disclose the amount or range of estimated loss if material or that the loss cannot be reasonably estimated. Accounting for claims and contingencies requires us to use our judgment. We consult with legal counsel on those issues related to litigation and seek input from other experts and advisors with respect to matters in the ordinary course of business. See Note 15. Commitments and Contingencies for a discussion of contingencies.
Revenue Recognition
We generate revenue from fees received for our SaaS solutions as well as subscriptions for our subscription-based term licenses and from the sale of maintenance services associated with our perpetual licenses. We recognize revenue related to contracts from customers when we transfer promised goods or services in an amount that reflects the consideration to which the
entity expects to be entitled in exchange for those goods or services. This is determined by following a five-step process which includes (1) identifying the contract with a customer, (2) identifying the performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price and (5) recognizing revenue when or as we satisfy a performance obligation, as described below.
•Identify the contract with a customer. We generally use an electronic or manually signed order form, purchase order, an authorized credit card, or the receipt of a cash payment as evidence of a contract provided that collection is considered probable. We sell our products through our direct inside sales force and through our distributors and resellers. Sales through resellers and distributors are typically evidenced by a reseller or distributor agreement, together with purchase orders or authorized credit cards on a transaction-by-transaction basis. Our distributors and resellers do not carry inventory of our software and we generally require them to specify the end user of the software at the time of the order. Our distributors and resellers have no rights of return or exchange for software that they purchase from us and payment for these purchases is due to us without regard to whether the distributors or resellers collect payment from their customers.
•Identify the performance obligations in the contract. Performance obligations promised in a contract are identified based on the goods or services that will be transferred to the customer that are separately identifiable from other promises in the contract, or distinct. If not considered distinct, the promised goods or services are combined with other goods or services and accounted for as a combined performance obligation. Determining the distinct performance obligations in a contract requires judgment. Our performance obligations primarily include SaaS solutions, subscription-based term licenses and maintenance support including unspecified upgrades or enhancements to new versions of our software solutions. See additional discussion of our performance obligations below.
•Determine the transaction price. We determine the transaction price based on the contractual consideration and the amount of consideration we expect to receive in exchange for transferring the promised goods or services to the customer. We account for sales incentives to IT services providers, resellers or distributors as a reduction of revenue at the time we recognize the revenue from the related product sale. We report revenue net of any sales tax collected. Our return policy generally does not allow our customers to return software products or services.
•Allocate the transaction price. For contracts that contain multiple performance obligations, we allocate the transaction price of the contract to each distinct performance obligation based on a relative stand-alone selling price basis. Determining stand-alone selling prices for our performance obligations requires judgment and is based on multiple factors, primarily including historical selling prices and discounting practices for products and services. We review the stand-alone selling price for our performance obligations periodically and update, if needed, to ensure that the methodology utilized reflects our current pricing practices.
•Recognize revenue when or as we satisfy a performance obligation. Revenue is recognized when or as performance obligations are satisfied either over time or at a point in time by transferring a promised good or service. We consider this transfer to have occurred when risk of loss transfers to the IT services provider, reseller or distributor or the customer has access to their subscription which is generally upon electronic activation of the licenses purchased or access being granted which provides immediate availability of the product to the purchaser. See further discussion below regarding the timing of revenue recognition for each of our performance obligations.
The following summarizes our performance obligations from which we generate revenue:
Performance obligationWhen performance obligation is typically satisfied
SaaS solutionsOver the subscription term, once the service is made available to the customer (over time)
Subscription-based term and perpetual licensesUpon the delivery of the license key or password that provides immediate availability of the product (point in time)
Technical support and unspecified software upgradesRatably over the contract period (over time)
Our revenue consists of the following:
Year Ended December 31,
202520242023
(in thousands)
Subscription revenue$506,249 $458,961 $412,072 
Other revenue5,181 7,186 9,808 
Total subscription and other revenue$511,430 $466,147 $421,880 
•Subscription Revenue. We primarily derive subscription revenue from the sale of subscriptions to the SaaS solutions that we host and manage on our platform. Our subscriptions provide access to the latest versions of our software platform, technical support and unspecified software upgrades and updates. Subscription revenue for our SaaS solutions is generally recognized ratably over the subscription term once the service is made available to the customer or when we have the right to invoice for services performed. In addition, our subscription revenue includes sales of our self-managed solutions, which are hosted and managed by our customers. Subscriptions of our self-managed solutions include term licenses, technical support and unspecified software upgrades. Revenue from the license performance obligation of our self-managed solutions is recognized at a point in time upon delivery of the access to the licenses and revenue from the performance obligation related to the technical support and unspecified software upgrades of our subscription-based license arrangements is recognized ratably over the agreement period. We generally invoice subscription agreements monthly based on usage or in advance over the subscription period on either a monthly or annual basis.
•Other Revenue. Other revenue consists primarily of revenue from the sale of our maintenance services associated with the historical sales of perpetual licenses and revenue from professional services. Customers with maintenance agreements are entitled to receive technical support and unspecified upgrades or enhancements to new versions of their solutions on a when-and-if-available basis for the specified agreement period. We believe that our technical support and unspecified upgrades or enhancements performance obligations each have the same pattern of transfer to the customer and are therefore accounted for as a single distinct performance obligation. We recognize maintenance revenue ratably on a daily basis over the contract period.
During the years ended December 31, 2025, 2024 and 2023, respectively, we recognized the following revenue from subscription and other services at a point in time and over time:
Year Ended December 31,
2025
2024
2023
(in thousands)
Revenue recognized at a point in time$48,358 $62,318 $56,359 
Revenue recognized over time463,072 403,829 365,521 
Total revenue recognized$511,430 $466,147 $421,880 
Deferred Revenue
Deferred revenue primarily consists of transaction prices allocated to remaining performance obligations from annually billed subscription agreements and maintenance services associated with our historical sales of perpetual license products which are delivered over time. Certain of our maintenance agreements are billed annually in advance for services to be performed over a 12-month period. We initially record the amounts allocated to maintenance performance obligations as deferred revenue and recognize these amounts ratably on a daily basis over the term of the maintenance agreement.
Deferred revenue activity for the years ended December 31, 2025 and 2024 was as follows:
Total Deferred Revenue
(in thousands)
Balance as of December 31, 2023
$12,813 
Deferred revenue recognized(20,977)
Additional amounts deferred35,137 
Balance as of December 31, 2024
$26,973 
Deferred revenue recognized(34,656)
Additional amounts deferred33,924 
Balance as of December 31, 2025
$26,241 
Contract Assets
Timing may differ between the satisfaction of performance obligations and the invoicing and collection of amounts related to our contracts with customers. Contract assets primarily relate to unbilled amounts for contracts with customers for which the amount of revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to accounts receivable when the right to invoice becomes unconditional. Contract assets are recorded as current if the invoice will be delivered to the customer within the succeeding 12-month period, with the remaining recorded as long-term. During the year ended December 31, 2024, we began increasing the proportion of our subscriptions that are long-term committed contracts, as compared to month-to-month contracts (the “Long-Term Contract Initiative”). The Long-Term Contract Initiative resulted in an increase in point in time subscription revenue during the years ended December 31, 2025 and 2024, primarily due to the impact of revenue recognition for long-term committed contracts under Topic 606, net of any volume and pricing rationalization when committing to long-term subscriptions and any fluctuations in month-to-month contracts. In connection with the Long-Term Contract Initiative, there was a corresponding increase in contract assets during the years ended December 31, 2025 and 2024. Current contract assets were $19.5 million and $12.8 million as of December 31, 2025 and 2024, respectively. Non-current contract assets were $2.4 million and $3.7 million as of December 31, 2025 and 2024, respectively, and are included in other non-current assets on our Consolidated Balance Sheets.
Capitalized Commissions
We recognize as an asset the incremental costs of obtaining a contract with a customer if we expect to recover those costs, and amortize the asset in accordance with the pattern of transfer of goods and services to which the asset relates. ASC 606 defines the incremental costs of obtaining a contract as the costs that an entity incurs in its efforts to obtain a contract that would not have been incurred if the contract had not been obtained.
We recognize the incremental costs of obtaining contracts as expense when incurred if the amortization period of the assets that we otherwise would have recognized is one year or less. For long-term committed contracts under the Long-Term Contract Initiative, we expect that commission fees paid to sales representatives as a result of obtaining these contracts are recoverable and are therefore capitalized. Current capitalized commissions were $2.7 million and $1.7 million as of December 31, 2025 and 2024, respectively, and are included in “prepaid and other current assets” in our Consolidated Balance Sheets. Non-current capitalized commissions were $2.3 million and $2.0 million as of December 31, 2025 and 2024, respectively, and are included in “other non-current assets” in our Consolidated Balance Sheets. Capitalized commissions are amortized on a straight-line basis over a period of three years, and are included in “sales and marketing” in our Consolidated Statements of Operations. We recognized amortization of capitalized commissions of $1.9 million and $0.4 million during the years ended December 31, 2025 and 2024, respectively.
Remaining Performance Obligations
We expect to recognize revenue related to the following remaining performance obligations as of December 31, 2025:
Revenue Recognition Expected by Period
TotalLess than 1
year		1-3 yearsMore than
3 years
(in thousands)
Expected recognition of remaining performance obligations$237,829 $178,249 $59,580 $— 
Cost of Revenue
Cost of Revenue. Cost of revenue consists of public cloud infrastructure and hosting fees, an allocation of overhead costs for our subscription revenue and maintenance services, royalty fees and personnel costs for technical support and our security operations center. We allocate facilities, depreciation, IT and benefits costs based on headcount.
Amortization of Acquired Technologies. Amortization of acquired technologies included in cost of revenue was $16.9 million, $3.5 million and $1.8 million for the years ended December 31, 2025, 2024 and 2023, respectively. We amortize to cost of revenue capitalized costs of technologies acquired in connection with business combinations, including the July 1, 2022 acquisition of Spinpanel B.V. (“Spinpanel”) and the November 20, 2024 acquisition of Adlumin.
Advertising
We expense advertising costs as incurred. Advertising expense is included in sales and marketing expenses in our Consolidated Statements of Operations.
Advertising expense was as follows for the years ended December 31, 2025, 2024, and 2023:
Year Ended December 31,
2025
2024
2023
(in thousands)
Advertising expense$14,399 $15,031 $17,311 

Leases
We lease facilities worldwide and certain equipment under non-cancellable lease agreements. During 2019, we adopted the new lease accounting guidance, FASB Accounting Standards Update No. 2016-02 “Leases,” or ASC 842. Under ASC 842, we evaluate if a contract is or contains a lease at inception of the contract. If we determine that a contract is or contains a lease, we determine the appropriate lease classification and recognize a right-of-use asset and lease liability at the commencement date of the lease based on the present value of fixed lease payments over the lease term reduced by lease incentives. To determine the present value of lease payments, we use an estimated incremental borrowing rate based on the interest rate a similar borrowing on a collateralized basis would incur based on information available on the lease commencement date as none of our leases provide an implicit rate. We generally base this discount rate on the interest rate incurred on our secured credit facilities, adjusted for considerations for the value, term and currency of the lease. Lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise those options.
We recognize right-of-use assets and lease liabilities for leasing arrangements with terms greater than one year. Certain lease contracts include obligations to pay for other services, such as operations and maintenance. We account for lease and non-lease components in a contract as a single lease component for all classes of underlying assets except certain classes of equipment. Right-of-use assets are tested for impairment in the same manner as long-lived assets.
The terms of some of our lease agreements provide for rental payments on a graduated basis. Operating lease costs are recognized on a straight-line basis over the lease term and recorded in the appropriate income statement line item based on the asset or a headcount allocation for office leases. Certain of our office leases require the payment of our proportionate share of common area maintenance or service charges. As we have elected to account for lease and non-lease components as a single lease component for our real estate leases, these costs are included in variable lease costs. In addition, certain of our leases may include variable payments based on measures that include changes in price indices or market interest rates which are included in variable lease costs and expensed as incurred. We had no finance leases as of and for the periods ended December 31, 2025 and 2024, respectively. See Note 6. Leases for additional information regarding our lease arrangements.
Income Taxes
We use the liability method of accounting for income taxes as set forth in the authoritative guidance for accounting for income taxes. Under this method, we recognize deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the respective carrying amounts and tax basis of our assets and liabilities.
On December 22, 2017, the U.S. Tax Cuts and Jobs Act (the “Tax Act”) was enacted. As a result, income tax attributable to previously undistributed earnings of N-able international subsidiaries was recognized in 2017 and 2018. This liability, which SolarWinds elected to pay over time, remains with SolarWinds and is not reflected in the financial statements of N-able.
In 2024, the Company decided that it would no longer permanently reinvest the majority of its undistributed earnings in non-US subsidiaries. Since these undistributed earnings had been previously taxed under the Tax Act, the impact of changing our assertion related to the undistributed earnings of our foreign subsidiaries did not have a material impact to our financial statements.
In the ordinary course of business, there is inherent uncertainty in quantifying our income tax positions. We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, we have recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, the associated interest expense and penalties has been recognized as a component of income tax expense.
We establish valuation allowances when necessary to reduce deferred tax assets to the amounts expected to be realized. On a quarterly basis, we evaluate the need for, and the adequacy of, valuation allowances based on the expected realization of our deferred tax assets. The factors used to assess the likelihood of realization include our latest forecast of future taxable income, available tax planning strategies that could be implemented, reversal of taxable temporary differences and carryback potential to realize the net deferred tax assets. See Note 14. Income Taxes for additional information regarding our income taxes.
Concentrations of Risks
Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. Our cash and cash equivalents consisted of cash deposited with banks in demand deposit accounts which may exceed the amount of insurance provided on these deposits. Generally, we may withdraw our cash deposits and redeem our invested cash equivalents upon demand. We strive to maintain our cash deposits with multiple financial institutions of reputable credit and therefore bear minimal credit risk.
We provide credit to distributors, resellers and direct customers in the normal course of business. We generally extend credit to new customers based upon industry reputation and existing customers based upon prior payment history. For the years ended December 31, 2025, 2024 and 2023, no distributor, reseller or direct customer represented a significant concentration of our revenue.
At December 31, 2025 and 2024, no distributor, reseller or direct customer represented a significant concentration of our outstanding accounts receivable balance. We do not believe that our business is substantially dependent on any distributor or that the loss of a distributor relationship would have a material adverse effect on our business.
Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive (loss) income by component are summarized below:
Foreign Currency Translation AdjustmentsAccumulated Other Comprehensive Income (Loss)
(in thousands)
Balance as of December 31, 2023$4,409 $4,409 
Other comprehensive loss before reclassification(25,504)(25,504)
Net current period other comprehensive loss(25,504)(25,504)
Balance as of December 31, 2024$(21,095)$(21,095)
Other comprehensive income before reclassification54,789 54,789 
Net current period other comprehensive income54,789 54,789 
Balance as of December 31, 2025$33,694 $33,694 
Stock-Based Compensation
We have granted our employees, directors and certain contractors stock-based incentive awards. These awards are in the form of stock options, restricted common stock, restricted stock units and performance stock units. We measure stock-based compensation expense for all share-based awards granted to employees and directors based on the estimated fair value of those awards on the date of grant. The fair value of stock option awards is estimated using a Black-Scholes valuation model. The fair
value of restricted common stock, restricted stock units and performance stock units is determined using the fair market value of the underlying common stock on the date of grant less any amount paid at the time of the grant, or intrinsic value. Our stock awards vest on service-based or performance-based vesting conditions. For our service-based awards, we recognize stock-based compensation expense on a straight-line basis over the service period of the award. For our performance-based awards, we recognize stock-based compensation expense on a graded-vesting basis over the service period of each separately vesting tranche of the award, if it is probable that the performance target will be achieved.
In connection with the Separation and Distribution, all of the outstanding and unvested SolarWinds equity awards held by our employees were converted to N-able awards (the “Conversion”). As a result of the Conversion, 224,638 stock options, 91,477 shares of restricted common stock, and 2,207,824 shares of restricted stock units were granted during the year ended December 31, 2021. No stock option awards were granted during the year ended December 31, 2025. See Note 10. Stock-Based Compensation and Note 13. Relationship with Parent and Related Entities for information on the incremental compensation expense recognized during the years ended December 31, 2025 and 2024 as a result of the Conversion.
We estimated the fair value for stock options at the date of grant using the Black-Scholes option pricing model. We have not paid and do not anticipate paying cash dividends on our common stock; therefore, we assume the expected dividend yield to be zero. We estimate the expected volatility using the historical volatility of comparable public companies from a representative peer group. We base the risk-free rate of return on the average U.S. treasury yield curve for the most appropriate terms for the respective periods. As allowed under current guidance, we have elected to apply the “simplified method” in developing our estimate of expected life for “plain vanilla” stock options by using the midpoint between the vesting date and contractual termination date since we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. For all awards, we grant employees stock awards at exercise prices equal to the fair value of the underlying common stock on the date the award was approved. Performance-based awards are not considered granted under the applicable accounting guidance until the performance attainment targets for each applicable tranche have been defined. We recognize the impact of forfeitures in stock-based compensation expense when they occur. See Note 10. Stock-Based Compensation for additional information.
Net (Loss) Income Per Share
We calculate basic and diluted net (loss) income per share attributable to common stockholders in conformity with the two-class method required for companies with participating securities. We compute basic net (loss) income per share available to common stockholders by dividing net (loss) income available to common stockholders by the weighted-average number of common shares outstanding during the reporting period. We compute diluted net income per share similarly to basic net income per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock using the treasury stock method. The dilutive impact of employee equity awards is not applicable to the calculation of diluted net loss per share, as the effect would be anti-dilutive. Refer to Note 11. Earnings Per Share for additional information regarding the computation of net income per share.
Recently Adopted Accounting Pronouncements
In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which requires disclosure of incremental segment information on an annual and interim basis. The amendments also require companies with a single reportable segment to provide all disclosures required by this amendment and all existing segment disclosures in ASC 280, “Segment Reporting.” The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods beginning after December 15, 2024. We adopted this standard as of December 31, 2024. The adoption of the standard did not have a material impact on our consolidated financial statements and only impacted our disclosures. See Note 16. Operating Segments and Geographic Information for disclosures related to the adoption of this standard.
In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” (“ASU No. 2023-09”) to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The updated guidance is effective for public companies for fiscal years beginning after December 15, 2024 and early adoption is permitted. We adopted this standard as of December 31, 2025. The adoption of the standard did not have a material impact on our consolidated financial statements and only impacted our disclosures. See Note 14. Income Taxes for disclosures related to the adoption of this standard.
Recently Issued Accounting Pronouncements
In November 2024, the FASB issued ASU No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the financial statements. The updated guidance is effective for public companies for fiscal periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
In July 2025, the FASB issued ASU No. 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets,” to introduce a practical expedient for the application of the current expected credit loss model to current accounts receivable and contract assets. The updated guidance is effective for public companies for fiscal years beginning after December 15, 2025 and early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
In September 2025, the FASB issued ASU No. 2025-06, “Targeted Improvements to the Accounting for Internal-Use Software.” The updated guidance is effective for public companies for fiscal years beginning after December 15, 2027 and early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
v3.25.4
Acquisitions
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
Adlumin, Inc.
On November 20, 2024, we acquired Adlumin, a Washington, D.C. based enterprise-grade security operations platform provider. The acquisition was structured as a merger transaction pursuant to which Adlumin became our indirect wholly owned subsidiary. The aggregate consideration payable at closing of the transaction included $98.7 million in cash, subject to customary adjustments and funded with cash on hand, and the issuance of up to 1,570,762 shares of our common stock. Additionally, the former Adlumin shareholders have the right to receive $120.0 million in cash in installments of $52.5 million and $67.5 million on the first and second anniversaries of the closing date, respectively, and up to an aggregate of $30.0 million in potential cash earn-out payments payable in 2025 and 2026 based upon the achievement of certain performance metrics against defined targets for the 2024 and 2025 fiscal years.
The acquisition is intended to build upon our prior partnership with Adlumin providing extended detection and response (“XDR”) capabilities and managed detection and response (“MDR”) services, and allow us to incorporate Adlumin’s innovative technology with our industry-leading platform that combines security, unified endpoint management, and data protection solutions. We incurred net transaction related costs of $2.9 million during the year ended December 31, 2024, which are included in general and administrative expense. Goodwill and acquired identifiable intangible assets for this acquisition are not deductible for tax purposes. During the year ended December 31, 2025, measurement period adjustments resulted in an increase to goodwill of $0.1 million. The measurement period concluded as of November 19, 2025.
The following table summarizes the amounts recognized for the assets acquired and liabilities assumed:
(in thousands)
Current liabilities, net, including cash acquired of $52
$(9,071)
Property and equipment, net182 
Non-current liabilities, net(4,754)
Identifiable intangible assets
Developed technology74,800 
Customer relationships5,400 
Trademarks300 
Goodwill160,498 
Total assets acquired, net$227,355 

The following table summarizes the total consideration for the assets acquired and liabilities assumed:

(in thousands)
Cash paid$98,760 
Settlement of pre-existing relationships(312)
Deferred consideration96,269 
Equity consideration14,678 
Consideration payable in cash or equity1,340 
Contingent consideration16,620 
Total consideration, net$227,355 
The following table summarizes the fair value of the acquired identifiable intangible assets and weighted-average useful life by category:
Fair ValueWeighted-Average Useful Life
(in thousands)(in years)
Developed technology$74,800 5
Customer relationships5,400 3
Trademarks$300 2
Total identifiable intangible assets$80,500 

The fair value of the acquired developed technology intangible assets was determined using the multi-period excess earnings method under the income approach. The fair value of the acquired customer relationships intangible assets was determined using the distributor method under the income approach. The fair value of the acquired trademarks intangible assets was determined using the relief-from-royalty method under the income approach.
The results of operations related to Adlumin since the acquisition date are included in our Consolidated Financial Statements. Of the $120.0 million of deferred consideration, $7.0 million and $7.8 million are contingent upon certain employees’ continued employment on the first and second anniversaries of the closing date, respectively. These amounts are accounted for as compensation expense for post-combination services. During the three months ended December 31, 2025, we paid $6.2 million in connection with the first anniversary of the closing date. Of the $120.0 million of deferred consideration, $45.5 million and $59.7 million are to be paid on the first and second anniversary dates of the closing, respectively, based upon the passage of time and were recorded at fair value as of the date of the transaction. During the three months ended December 31, 2025, we paid $45.5 million in connection with the first anniversary of the closing date.
The deferred and contingent consideration liabilities are reevaluated periodically, but at least quarterly, to assess the impact of the passage of time, continued employment, and achievement of certain performance metrics against defined targets, as applicable, on the fair value of such liabilities. The resulting additional expense related to the passage of time is recognized within interest expense, net and the resulting gains or additional expense related to continued employment and changes in deferred consideration are recognized within general and administrative expense in our Consolidated Statements of Operations.
At the date of acquisition, the fair value of the deferred consideration was $96.3 million. As of December 31, 2024, the fair value of the deferred consideration was $98.1 million, resulting in the recognition of expense of $1.8 million for the year ended December 31, 2024. As of December 31, 2025, the fair value of the deferred consideration, net of payments of $51.7 million during the three months ended December 31, 2025, was $60.7 million, resulting in the recognition of expense of $14.3 million
for the year ended December 31, 2025. At the date of acquisition, the fair value of the contingent consideration was $16.6 million. As of December 31, 2024, the fair value of the contingent consideration was $14.1 million, resulting in the recognition of a gain of $2.6 million for the year ended December 31, 2024. During the three months ended June 30, 2025, we paid $5.4 million based upon the achievement of certain performance metrics against defined targets for the 2024 fiscal year. As of December 31, 2025, the fair value of the remaining contingent consideration of up to $15.0 million was $10.8 million, resulting in the recognition of expense of $2.1 million for the year ended December 31, 2025. See Note 7. Fair Value Measurements and Note 8. Accrued Liabilities and Other for additional information regarding the deferred and contingent consideration liabilities.
We recognize revenue on the acquired products in accordance with our revenue recognition policy as described in Note 2. Summary of Significant Accounting Policies.
Unaudited Pro Forma Financial Information
The following unaudited pro forma financial information shows the results of our operations for the years ended December 31, 2024 and 2023, as if the acquisition of Adlumin had occurred on January 1, 2023. The unaudited pro forma financial information is presented for information purposes only and is not necessarily indicative of what would have occurred if the acquisition had occurred as of that date. The unaudited pro forma information is also not intended to be a projection of future results due to the integration of the acquired operations of Adlumin. The unaudited pro forma information reflects the effects of applying our accounting policies and a pro forma adjustment to the combined historical financial information of N-able and Adlumin, which includes transaction related costs, incremental amortization expense associated with the fair value of the acquired identifiable intangible assets, and the estimated income tax effect.

Year Ended December 31, 2024Year Ended December 31, 2023
ActualPro FormaActualPro Forma
(in thousands)
Revenue$466,147 $482,668 $421,880 $432,734 
Net income (loss)$30,958 $(3,103)$23,412 $(25,976)

Spinpanel B.V.
On July 1, 2022, we completed the acquisition of all the outstanding equity of Spinpanel for a total consideration of up to approximately $20.0 million, including up to $10.0 million payable upon the achievement of certain revenue metrics through July 1, 2025. We funded the transaction with cash on hand. Goodwill and acquired identifiable intangible assets for this acquisition are not deductible for tax purposes. During the year ended December 31, 2023, a measurement period adjustment of $1.6 million was recorded to non-current deferred tax liabilities and goodwill. The measurement period concluded as of June 30, 2023. We recognized total assets, net of liabilities, of $14.4 million in connection with the acquisition of Spinpanel. The contingent consideration liability was re-evaluated at least quarterly, with the resulting gains and losses recognized within general and administrative expense in our Consolidated Statements of Operations. As of December 31, 2025 and 2024, there was no remaining contingent consideration liability. During the years ended December 31, 2024 and 2023, we recognized a gain of $3.7 million and $1.4 million, respectively, on the contingent consideration liability.
v3.25.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table reflects the changes in goodwill for the years ended December 31, 2025 and 2024:
(in thousands)
Balance as of December 31, 2023$838,497 
Acquisitions160,362 
Foreign currency translation and other adjustments(21,846)
Balance as of December 31, 2024977,013 
Acquisition measurement period adjustments136 
Foreign currency translation and other adjustments47,151 
Balance as of December 31, 2025$1,024,300 
Intangible Assets
Intangible assets consisted of the following as of December 31, 2025 and 2024:
December 31, 2025December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		NetGross
Carrying
Amount		Accumulated
Amortization		Net
(in thousands)
Developed product technologies$108,728 $(47,476)$61,252 $107,165 $(29,509)$77,656 
Customer relationships97,539 (94,139)3,400 97,529 (92,318)5,211 
Trademarks1,013 (879)134 1,013 (730)283 
Total intangible assets$207,280 $(142,494)$64,786 $205,707 $(122,557)$83,150 
Intangible asset amortization expense was as follows:
Year Ended December 31,
202520242023
(in thousands)
Intangible asset amortization expense$18,870 $3,798 $2,436 
As of December 31, 2025, we estimate aggregate intangible asset amortization expense to be as follows:
Estimated Amortization
(in thousands)
2026$18,925 
202717,589 
202814,978 
202913,294 
Total amortization expense$64,786 
The expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected asset lives of intangible assets and other events.
v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net, including software, consisted of the following:
December 31,
20252024
(in thousands)
Servers, equipment and computers$65,316 $61,090 
Furniture and fixtures6,277 5,919 
Software956 1,065 
Leasehold improvements22,681 23,613 
$95,230 $91,687 
Less: Accumulated depreciation and amortization(57,268)(55,525)
Property and equipment, net$37,962 $36,162 
Depreciation and amortization expense on property and equipment was as follows for the years ended December 31, 2025, 2024, and 2023:
Year Ended December 31,
202520242023
(in thousands)
Depreciation and amortization$18,358 $15,956 $15,228 
v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
We lease our offices and do not own any real estate. Our corporate headquarters is located in Burlington, Massachusetts. We lease office space domestically and internationally in various locations for our operations, including facilities located in Austin, Texas; Bucharest, Romania; Dundee, United Kingdom; Edinburgh, United Kingdom; Emmeloord, Netherlands; Lisbon, Portugal; Manila, Philippines; Minsk, Belarus; Morrisville, North Carolina; Ottawa, Canada; Sydney, Australia; Uster, Switzerland; Utrecht, Netherlands; Vienna, Austria; Warsaw, Poland; and Washington, D.C. Our leases are all classified as operating and have remaining terms of less than one year to 6.4 years.
The components of operating lease costs for the years ended December 31, 2025, 2024 and 2023 were as follows:
Year Ended December 31,
202520242023
(in thousands)
Operating lease costs$7,378 $7,942 $6,804 
Variable lease costs(1)
1,588 1,154 1,120 
Short-term lease costs156 263 221 
Sublease income received(1,001)(690)(488)
Total lease costs$8,121 $8,669 $7,657 
____________
(1)     Primarily includes common area maintenance and other service charges for leases in which we pay a proportionate share of those costs as we have elected to not separate lease and non-lease components for our office leases.
Maturities of our operating lease liabilities as of December 31, 2025 were as follows:
December 31, 2025
(in thousands)
2026$9,012 
20277,888 
20287,349 
20296,397 
20305,325 
Thereafter5,855 
Total minimum lease payments41,826 
Less: imputed interest(5,339)
Present value of operating lease liabilities$36,487 
As of December 31, 2025, the weighted-average remaining lease term of our operating leases was 5.3 years and the weighted-average discount rate used in the calculation of our lease liabilities was 5.5%.
v3.25.4
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table summarizes the fair value of our money market fund financial assets and contingent consideration financial liabilities that were measured on a recurring basis as of December 31, 2025 and 2024. See Note 3. Acquisitions, Note 8. Accrued Liabilities and Other and Note 15. Commitments and Contingencies for additional information regarding our contingent consideration liabilities. There have been no transfers between fair value measurement levels during the years ended December 31, 2025 and 2024.
Fair Value Measurements at
December 31, 2025 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(in thousands)
Assets:
Money market funds$68,205 $— $— $68,205 
Liabilities:
Contingent consideration$— $— $10,840 $10,840 
Fair Value Measurements at
December 31, 2024 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(in thousands)
Assets:
Money market funds$43,976 $— $— $43,976 
Liabilities:
Contingent consideration$— $— $14,050 $14,050 
The following table presents a summary of the changes in the fair value of our contingent consideration liabilities measured using Level 3 inputs:
(in thousands)
Balance as of December 31, 2023$3,650 
Acquisitions 16,620 
Net gain recognized(6,220)
Balance as of December 31, 2024$14,050 
Payments(5,358)
Net expense recognized2,148 
Balance as of December 31, 2025$10,840 
As of December 31, 2025 and 2024, the carrying value of our outstanding debt approximates its estimated fair value as the interest rate on the debt is adjusted for changes in market rates. See Note 9. Debt for additional information regarding our debt.
v3.25.4
Accrued Liabilities and Other
 12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
Accrued Liabilities and Other Accrued Liabilities and Other
Accrued liabilities and other current liabilities were as follows:
December 31,
20252024
(in thousands)
Payroll-related accruals$28,572 $24,541 
Value-added and other tax7,857 9,314 
Purchasing accruals3,998 3,669 
Accrued interest expense2,659 2,394 
Accrued professional fees2,143 1,959 
Accrued royalties3,462 3,809 
Consideration payable in cash or equity120 1,218 
Accrued other liabilities6,945 4,153 
Total accrued liabilities and other$55,756 $51,057 
v3.25.4
Debt
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt Debt
In connection with the Separation and Distribution, on July 19, 2021, certain subsidiaries of the Company, including N-able International Holdings I, Inc. (as guarantor) and N-able International Holdings II, Inc. (as borrower), entered into a credit agreement (the “Credit Agreement”) with JPMorgan Chase, Bank, N.A. as administrative agent and collateral agent and the lenders from time to time party thereto. N-able International Holdings I, Inc. is a holding company with no other operations, cash flows, material assets or liabilities other than the equity interests in N-able International Holdings II, Inc. The Credit Agreement provided for $410.0 million of first lien secured credit facilities (the “Credit Facilities”), consisting of a $60.0 million revolving credit facility (the “Revolving Facility”), and a $350.0 million term loan facility (the “Term Loan”). On July 19, 2021, prior to the completion of the Distribution, the Company distributed approximately $16.5 million, representing the proceeds from the Term Loan, net of the repayment of related party debt due to SolarWinds Holdings, Inc., payment of intercompany trade payables, and fees and other transaction-related expenses, to SolarWinds. The Revolving Facility is primarily available for general corporate purposes.
On June 26, 2023, the parties entered into Amendment No. 1 (“Amendment No. 1”) to the Credit Agreement. Amendment No. 1 amended the Credit Agreement to, among other things, replace the LIBOR-based rate included in the Credit Agreement with a SOFR-based rate, as an interest rate benchmark. Other than the foregoing, the material terms of the Credit Agreement described herein remain unchanged. The effective interest rate on our outstanding debt remained as a LIBOR-based rate until August 31, 2023, at which point it transitioned to a SOFR-based rate.
On November 26, 2025, the parties entered into Amendment No. 2 (“Amendment No. 2”) to the Credit Agreement. Amendment No. 2, among other things, (i) increased the aggregate principal amount under the Term Loan from $336.0 million to $400.0 million, (ii) extended the maturity of the Term Loan to November 26, 2032, (iii) extended the maturity of the $60.0 million Revolving Facility to November 26, 2030 and (iv) reduced the interest rate applicable to all borrowings under the Credit Facilities.
As of the date of Amendment No. 2, existing unamortized discount and debt issuance costs were $4.1 million. We evaluated Amendment No. 2 on a lender-by-lender basis to determine whether the underlying loans were extinguished or amended and to determine the corresponding amount of existing and new discount and debt issuance costs to be expensed and deferred. In connection with this assessment, we expensed $1.3 million of the existing discount and debt issuance costs as interest expense during the year ended December 31, 2025, with the remaining $2.8 million deferred. Of the $6.0 million of new discount and debt issuance costs incurred in connection with Amendment No. 2, we expensed $1.9 million as interest expense during the year ended December 31, 2025, with the remaining $4.1 million deferred.
The following table summarizes information relating to our outstanding debt as of December 31, 2025 and 2024:
As of December 31, 2025As of December 31, 2024
Amount OutstandingEffective RateAmount OutstandingEffective Rate
(in thousands, except interest rates)
Term loan facility$400,000 6.59 %$338,625 7.53 %
Revolving credit facility— — %— — %
Total principal amount400,000 338,625 
Unamortized discount and debt issuance costs(6,127)(5,519)
Total debt, net393,873 333,106 
Less: Current debt obligation(4,000)(3,500)
Long-term debt, net of current portion$389,873 $329,606 

Under the Credit Agreement, as amended by Amendment No. 2, borrowings denominated in U.S. dollars under the Revolving Facility bear interest at a floating rate of an Adjusted SOFR rate (subject to a “floor” of 0.0%) for a specified interest period plus an applicable margin of 2.50%, subject to an increase to 2.75% if our first lien net leverage ratio exceeds 2.50 to 1.00. Borrowings denominated in Euros under the Revolving Facility bear interest at a floating rate of an Adjusted Euro Interbank Offered Rate (“EURIBOR”) rate (subject to a “floor” of 0.0%) for a specified interest period plus the applicable margins described above. Under the Credit Agreement, borrowings under the Term Loan bear interest at a floating rate of an Adjusted SOFR rate (subject to a “floor” of 0.0%) for a specified interest period plus an applicable margin of 2.75%, subject to a reduction to 2.50% if our first lien net leverage ratio is equal to or lower than 1.65 to 1.00.
In addition to paying interest on loans outstanding under the Revolving Facility, we are required to pay a commitment fee of 0.375% per annum in respect of unused commitments thereunder, subject to a reduction to 0.25% per annum based on our first lien net leverage ratio.
The Term Loan requires quarterly repayments equal to 0.25% of the original principal amount. The final maturity dates of the Revolving Facility and Term Loan are November 26, 2030 and November 26, 2032, respectively.
The Credit Agreement contains a number of covenants that, among other things, restrict, subject to certain exceptions, our ability to: incur additional indebtedness; create liens; engage in mergers or consolidations; sell or transfer assets; pay dividends and distributions or repurchase our capital stock; make investments, loans, or advances; prepay certain junior indebtedness; engage in certain transactions with affiliates; and enter into negative pledge agreements. In addition, the Revolving Facility is subject to a financial covenant requiring compliance with a maximum first lien net leverage ratio of 7.50 to 1.00 at the end of each fiscal quarter, which will trigger when loans outstanding under the Revolving Facility exceed 40% of the aggregate commitments under the Revolving Facility. The Credit Agreement contains certain customary events of default, including, among others, failure to pay principal, interest or other amounts; inaccuracy of representations and warranties; violation of covenants; cross events of default; certain bankruptcy and insolvency events; certain ERISA events; certain undischarged judgments; and change of control.
As of December 31, 2025, we were in compliance with all covenants of the Credit Agreement.
The following table summarizes the future minimum principal payments under Credit Agreement as of December 31, 2025:
(in thousands)
2026$4,000 
20274,000 
20284,000 
20294,000 
20304,000 
Thereafter380,000 
Total minimum principal payments$400,000 
v3.25.4
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Common Stock and Preferred Stock
As set by our certificate of incorporation, the Company has authorized 550,000,000 shares of common stock, par value of $0.001 per share, and 50,000,000 shares of preferred stock, par value of $0.001 per share. Each share of common stock entitles the holder thereof to one vote on each matter submitted to a vote at any meeting of stockholders.
Equity Incentive Awards
2021 Equity Incentive Plan
In August 2021, our board of directors adopted and our stockholders approved our 2021 Equity Incentive Plan (the “2021 Plan”). It is intended to make available incentives that will assist us to attract, retain and motivate employees, including officers, consultants and directors. We may provide these incentives through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares and units and other cash-based or stock-based awards. As of December 31, 2025, 18,200,707 shares were reserved for future grants under the 2021 Plan.
Awards may be granted under the 2021 Plan to our employees, including officers, directors or consultants or those of any present or future parent or subsidiary corporation or other affiliated entity. All awards must be evidenced by a written agreement between us and the holder of the award and may include stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance shares and performance stock units (“PSUs”), and cash-based awards and other stock-based awards. In the event of a change in control as described in the 2021 Plan, the acquiring or successor entity may assume or continue all or any awards outstanding under the 2021 Plan or substitute substantially equivalent awards. Any awards that are not assumed or continued in connection with a change in control or are not exercised or settled prior to the change in control will terminate effective as of the time of the change in control. Our compensation committee may provide for the acceleration of vesting of any or all outstanding awards upon such terms and to such extent as it determines, except that the vesting of all awards held by members of the board of directors who are not employees will automatically be accelerated in full. The 2021 Plan also authorizes our compensation committee, in its discretion and without the consent of any participant, to cancel each or any outstanding award denominated in shares upon a change in control in exchange for a payment to the participant with respect to each share subject to the canceled award of an amount equal to the excess of the consideration to be paid per share of common stock in the change in control transaction over the exercise price per share, if any, under the award.
The 2021 Plan will continue in effect until it is terminated by the compensation committee; provided, however, that all awards must be granted, if at all, within ten years of its effective date. The compensation committee may amend, suspend or terminate the 2021 Plan at any time; provided that without stockholder approval, the plan cannot be amended to increase the number of shares authorized, change the class of persons eligible to receive incentive stock options, or effect any other change that would require stockholder approval under any applicable law, regulation or listing rule.
RSUs generally vest over the requisite service period of four years, subject to continued employment through each applicable vesting date. PSUs generally vest over a three-year period based on the achievement of specified performance targets for the fiscal year and subject to continued service through the applicable vesting dates. Based on the extent to which the performance targets are achieved, PSUs vest at a specified range of the target award amount.
We have granted RSUs, PSUs, and stock options at exercise prices equal to the fair value of the underlying common stock at the time of grant, as determined by our board of directors on a contemporaneous basis. As of December 31, 2025, common
stock-based incentive awards of 9,382,263 shares were outstanding under the 2021 Plan, consisting of 41,323 stock options, 7,278,420 shares of RSUs, and 2,062,520 shares of PSUs.
Conversion of SolarWinds Equity Stock Awards
In connection with the Separation and Distribution, all of the outstanding and unvested SolarWinds equity awards held by our employees were converted to N-able awards through the Conversion. As a result of the Conversion, 224,638 stock options, 91,477 shares of restricted common stock, and 2,207,824 shares of RSUs were granted during the year ended December 31, 2021. See Note 13. Relationship with Parent and Related Entities for information on the incremental compensation expense recognized during the years ended December 31, 2025, 2024, and 2023 as a result of the Conversion.
Stock-Based Compensation Expense
Stock-based compensation expense for the years ended December 31, 2025, 2024 and 2023 was $46.6 million, $45.4 million and $43.6 million, respectively, as summarized below:
Year Ended December 31,
2025
2024
2023
(in thousands)
Cost of revenue$1,687 $1,576 $1,348 
Sales and marketing16,301 14,938 14,706 
Research and development11,150 10,156 8,560 
General and administrative17,455 18,681 18,956 
Total stock-based compensation expense$46,593 $45,351 $43,570 

The impact to our income before income taxes due to stock-based compensation expense and the related income tax benefits were as follows:
Year Ended December 31,
202520242023
(in thousands)
Impact to income before income taxes due to stock-based compensation$46,593 $45,351 $43,570 
Income tax benefit related to stock-based compensation2,099 1,528 1,334 
Stock Option Awards
Stock option grant activity under the 2021 Plan was as follows during the year ended December 31, 2025:
Number of
Shares
Outstanding		Weighted-
Average
Exercise
Price		Aggregate
Intrinsic
Value
(in thousands)		Weighted-
Average
Remaining
Contractual
Term
(in years)
Outstanding balances as of December 31, 2024
47,903 $0.60 
Options exercised(6,580)0.34 
Outstanding balances as of December 31, 2025
41,323 $0.64 
Options exercisable as of December 31, 2025
41,323 $0.64 $283 1.1
Options vested and expected to vest as of December 31, 2025
41,323 $0.64 $283 1.1
No stock option awards have been granted since the year ended December 31, 2021, and no stock option awards have vested since the year ended December 31, 2023. No stock-based compensation expense related to stock option awards has been recognized since the year ended December 31, 2023.
For stock option awards granted during the year ended December 31, 2021, we estimated the fair value at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:
Year Ended December 31,
2021
Expected dividend yield— %
Volatility 45.5 %
Risk-free rate of return0.5 %
Expected life3.47 years
See Note 2. Summary of Significant Accounting Policies for additional information on determining the fair value of our stock-based incentive awards.
As of December 31, 2025, there are no unvested stock options and no unrecognized stock-based compensation expense related to stock options subject to recognition in future periods.
Restricted Stock Units
The following table summarizes information about RSU activity under the 2021 Plan during the year ended December 31, 2025:
Number of
Units
Outstanding		Weighted-Average Grant Date Fair Value Per ShareAggregate Intrinsic Value
(in thousands)		Weighted-Average Remaining Contractual Term
(in years)
Unvested balances as of December 31, 2024
6,646,030 $12.19 $62,074 1.2
Restricted stock units granted4,852,914 9.71 
Restricted stock units vested (3,260,270)12.17 
Restricted stock units forfeited (960,254)11.09 
Unvested balances as of December 31, 2025
7,278,420 $10.69 $54,443 1.2
The total fair value of RSUs vested during the year ended December 31, 2025 was $28.2 million. Of the total stock-based compensation expense of $46.6 million recognized during the year ended December 31, 2025, $9.7 million was related to RSUs granted during the year ended December 31, 2025. The total unrecognized stock-based compensation expense related to unvested RSUs and subject to recognition in future periods is $64.4 million as of December 31, 2025 and we expect to recognize this expense over a weighted-average period of 2.5 years.
Performance Stock Units
The following table summarizes information about PSU activity under the 2021 Plan during the year ended December 31, 2025:
Number of
Units
Outstanding		Weighted-Average Grant Date Fair Value Per ShareAggregate Intrinsic Value
(in thousands)		Weighted-Average Remaining Contractual Term
(in years)
Unvested balances as of December 31, 2024
1,612,395 $11.84 $15,060 0.8
Performance stock units granted1,535,443 8.93 
Performance stock units vested (721,464)11.39 
Performance stock units forfeited(363,854)12.28 
Unvested balances as of December 31, 2025
2,062,520 $9.75 $15,428 0.9
The total fair value of PSUs vested during the year ended December 31, 2025 was $7.2 million. Of the 1,535,443 PSUs granted during the year ended December 31, 2025, no shares represent adjustments resulting from the actual achievement of performance-based awards based on predefined performance targets. Of the total stock-based compensation expense of $46.6 million recognized during the year ended December 31, 2025, $5.2 million was related to PSUs granted during the year ended December 31, 2025. The total unrecognized stock-based compensation expense related to unvested PSUs and subject to recognition in future periods is $6.6 million as of December 31, 2025 and we expect to recognize this expense over a weighted-average period of 0.9 years.
Employee Stock Purchase Plan
In August 2021, our board of directors adopted and our stockholders approved our 2021 Employee Stock Purchase Plan (the “ESPP”). We reserved a total of 2,500,000 shares of our common stock available for sale under our ESPP, and 1,636,689 shares remained available for future issuance as of December 31, 2025.
Our ESPP permits eligible participants to purchase common stock through payroll deductions of up to 20% of their eligible compensation during the offering period. The ESPP will typically be implemented through consecutive six-month offering periods. Amounts deducted and accumulated from participant compensation, or otherwise funded in any participating non-U.S. jurisdiction in which payroll deductions are not permitted, are used to purchase shares of our common stock at the end of each offering period. The purchase price of the shares will be 85% of the lesser of the fair market value of our common stock on the first day of the offering period and the fair market value on the last day of the offering period. No participant may purchase more than $25,000 worth of common stock per calendar year.
Stock-based compensation expense related to our ESPP plan was $0.8 million, $0.7 million, and $0.6 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
A reconciliation of the number of shares in the calculation of basic and diluted earnings per share follows:
Year Ended December 31,
202520242023
(in thousands)
Basic earnings per share:
Numerator:
Net (loss) income$(17,032)$30,958 $23,412 
Denominator:
Weighted-average common shares outstanding used in computing basic earnings per share187,819 185,277 182,371 
Basic earnings per share$(0.09)$0.17 $0.13 
Diluted earnings per share:
Numerator:
Net (loss) income$(17,032)$30,958 $23,412 
Denominator:
Weighted-average shares used in computing basic earnings per share187,819 185,277 182,371 
Add dilutive impact of employee equity plans— 3,149 3,609 
Weighted-average shares used in computing diluted earnings per share187,819 188,426 185,980 
Diluted earnings per share$(0.09)$0.16 $0.13 
The dilutive impact of employee equity awards was not applicable to the calculation of diluted net loss per share for the year ended December 31, 2025, as the effect would have been anti-dilutive.
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive or for which the performance condition had not been met at the end of the period:
Year Ended December 31,
20242023
(in thousands)
Restricted stock units19 30 
Total anti-dilutive shares19 30 
The calculation of diluted earnings per share requires us to make certain assumptions related to the use of proceeds that would be received upon the assumed exercise of stock options, purchase of restricted stock or proceeds from the employee stock purchase plan.
v3.25.4
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
401(k) Plan
Our eligible employees in the United States participate in a 401(k) matching program. We, as sponsor of the plan, use an independent third party to provide administrative services to the plan. We have the right to terminate the plan at any time. Employees are fully vested in all contributions to the plan. Our expense related to the 401(k) plan was as follows:
Year Ended December 31,
202520242023
(in thousands)
401(k) plan expense
$2,563 $1,886 $1,855 
Pension Plans
Our eligible employees outside the United States participate in defined contribution and defined benefit pension plans, as applicable. These plans are administered in accordance with the applicable local laws and regulations. Our expense related to the pension plans was as follows:
Year Ended December 31,
202520242023
(in thousands)
Defined contribution plan expense$4,916 $4,843 $3,963 
Defined benefit plan expense882 644 147 
Total pension plan expense$5,798 $5,487 $4,110 
v3.25.4
Relationship with Parent and Related Entities
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Relationship with Parent and Related Entities Relationship with Parent and Related Entities
On August 6, 2020, SolarWinds Corporation (“SolarWinds” or “Parent”) announced that its board of directors had authorized management to explore a potential spin-off of its MSP business into our company, a newly created and separately traded public company, and separate into two distinct, publicly traded companies (the “Separation”). On July 19, 2021, SolarWinds completed the Separation through a pro-rata distribution (the “Distribution”) of all the outstanding shares of our common stock it held to the stockholders of record of SolarWinds as of the close of business on July 12, 2021. As a result of the Distribution, we became an independent public company and our common stock is listed under the symbol “NABL” on the New York Stock Exchange.
Equity-Based Incentive Plans
Prior to the Separation and Distribution, certain of our employees participated in Parent’s equity-based incentive plans. Under the SolarWinds Corporation 2016 Equity Incentive Plan (the “2016 Plan”), our employees, consultants, directors, managers and advisors were awarded stock-based incentive awards in a number of forms, including non-qualified stock options. The ability to grant any future equity awards under the 2016 Plan terminated in October 2018. Under the SolarWinds Corporation 2018 Equity Incentive Plan, our employees were eligible to be awarded stock-based incentive awards, including non-statutory stock options or incentive stock options, stock appreciation rights, restricted stock, restricted stock units, performance stock units and other cash-based or share-based awards. Awards granted to our employees under the Parent incentive plans generally vested over periods ranging from one to five years. We measure stock-based compensation for all stock-based incentive awards at fair value on the grant date. Stock-based compensation expense is generally recognized on a straight-line basis over the requisite service periods of the awards.
In connection with the Separation and Distribution, all of the vested and outstanding and unvested SolarWinds equity awards held by our employees were converted to N-able awards (the “Conversion”). The modification of these equity awards resulted in incremental compensation expense to the extent the estimated fair value of the awards immediately following the modification exceeded the estimated fair value of the awards immediately prior to the modification. This expense is to be recognized upfront for all vested and outstanding awards and over the remaining vesting term for all unvested awards. For the years ended December 31, 2025, 2024, and 2023, we recognized less than $0.1 million, $0.2 million, and $1.0 million, respectively, of incremental expense in connection with the Conversion. We include stock-based compensation expense in operating expense (general and administrative, sales and marketing and research and development) and cost of revenue on our Consolidated Statements of Operations, depending on the nature of the employee’s role in our operations.
Agreements with SolarWinds
In connection with the completion of the Separation and Distribution on July 19, 2021, we entered into several agreements with SolarWinds that, among other things, provide a framework for our relationship with SolarWinds after the Separation and Distribution. The following summarizes some of the most significant agreements and relationships with SolarWinds.
Separation and Distribution Agreement
The Separation and Distribution Agreement sets forth our agreements with SolarWinds regarding the principal actions taken in connection with the Separation and Distribution. It also sets forth other agreements that govern aspects of our relationship with SolarWinds following the Separation and Distribution, including (i) the manner in which legal matters and claims are allocated and certain liabilities are shared between N-able and SolarWinds; (ii) other matters including transfers of assets and liabilities, treatment or termination of intercompany arrangements and the settlement or extinguishment of certain liabilities and other obligations between N-able and SolarWinds; and (iii) mutual indemnification clauses. The term of the Separation and Distribution Agreement is indefinite and it may only be terminated with the prior written consent of both N-able and SolarWinds.
Tax Matters Agreement
We entered into a Tax Matters Agreement with SolarWinds that governs the parties’ respective rights, responsibilities and obligations with respect to tax liabilities and benefits, tax attributes, the preparation and filing of tax returns, the control of audits and other tax proceedings and other matters regarding taxes. No costs were incurred under the Tax Matters Agreement during the years ended December 31, 2025, 2024, and 2023, respectively.
Software OEM Agreements
We entered into Software OEM Agreements with SolarWinds pursuant to which SolarWinds granted to N-able, and N-able granted to SolarWinds, a non-exclusive and royalty-bearing license to market, advertise, distribute and sublicense certain SolarWinds and N-able software products, respectively, to customers on a worldwide basis. Each agreement had a two year initial term, and each agreement was renewed for an additional two year term during the year ended December 31, 2023. We
earned $2.1 million, $1.8 million, and $1.7 million of revenue and incurred $0.2 million, $0.2 million, and $0.2 million of costs under the Software OEM Agreements during the years ended December 31, 2025, 2024, and 2023, respectively.
Employee Matters Agreement
We entered into an Employee Matters Agreement with SolarWinds that governs N-able's and SolarWinds’ compensation and employee benefit obligations with respect to the employees and other service providers of each company, and generally allocated liabilities and responsibilities relating to employment matters and employee compensation and benefit plans and programs. No costs were incurred under the Employee Matters Agreement during the years ended December 31, 2025, 2024, and 2023, respectively.
Intellectual Property Matters Agreement
We entered into an Intellectual Property Matters Agreement with SolarWinds pursuant to which each party granted to the other party a generally irrevocable, non-exclusive, worldwide, and royalty-free license to use certain intellectual property rights retained by the other party. Under the Intellectual Property Matters Agreement, the term for the licensed or sublicensed know-how is perpetual and the term for each licensed or sublicensed patent is until expiration of the last valid claim of such patent. The Intellectual Property Matters Agreement will terminate only if N-able and SolarWinds agree in writing to terminate it. No costs were incurred under the Intellectual Property Matters Agreement during the years ended December 31, 2025, 2024, and 2023, respectively.
Trademark License Agreement
We entered into a Trademark License Agreement with SolarWinds pursuant to which SolarWinds granted to N-able a generally limited, worldwide, non-exclusive and royalty-free license to use certain trademarks retained by SolarWinds that were used by SolarWinds in the conduct of its business prior to the Separation and Distribution. The Trademark License Agreement will terminate once we cease to use all of the licensed trademarks. No costs were incurred under the Trademark License Agreement during the years ended December 31, 2025, 2024, and 2023, respectively.
Software Cross License Agreement
We entered into a Software Cross License Agreement with SolarWinds pursuant to which each party granted to the other party a generally perpetual, irrevocable, non-exclusive, worldwide and, subject to certain exceptions, royalty-free license to certain software libraries and internal tools for limited uses. The term of the Software Cross License Agreement will be perpetual unless N-able and SolarWinds agree in writing to terminate the agreement. We earned less than $0.1 million and $0.2 million of revenue and incurred $0.1 million and $0.2 million of costs under the Software Cross License Agreement during the years ended December 31, 2024 and 2023, respectively. No revenue was earned and no costs were incurred under the Software Cross License Agreement during the year ended December 31, 2025.
Sublease Agreement
We entered into a Sublease Agreement with SolarWinds for our office space in Austin, Texas. We incurred operating lease costs of $0.6 million, $0.6 million, and $0.7 million under the Sublease Agreement during the years ended December 31, 2025, 2024, and 2023, respectively.
Other Related Party Transactions
Beginning in August 2025, through a third party, we engaged the brother-in-law of our chief executive officer as a consultant to provide AI strategy advising services. We incurred costs of $0.2 million under this engagement during the year ended December 31, 2025, with payments of less than $0.1 million due as of December 31, 2025.
Due to and from Affiliates
There were no amounts due to or from SolarWinds as of December 31, 2025 and 2024, respectively.
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
During the three months ended December 31, 2025, we adopted ASU No. 2023-09 on a prospective basis beginning with the year ended December 31, 2025. In accordance with the adoption of ASU No. 2023-09, we have included the required additional disclosures for the year ended December 31, 2025. Prior period disclosures have not been retrospectively adjusted
and may not be comparable to the current period presentation under the new standard. See Note 2. Summary of Significant Accounting Policies for additional information regarding ASU No. 2023-09.

U.S. and international components of income before income taxes were as follows:
Year Ended December 31,
202520242023
(in thousands)
U.S.$(55,495)$(37,160)$(26,289)
International57,886 91,430 70,615 
Income before income taxes$2,391 $54,270 $44,326 
Income tax expense was composed of the following:
Year Ended December 31,
202520242023
(in thousands)
Current:
Federal$— $682 $— 
State375 250 250 
International22,636 24,958 21,152 
23,011 25,890 21,402 
Deferred:
Federal— (1,561)— 
State(3)— — 
International(3,585)(1,017)(488)
(3,588)(2,578)(488)
Income tax expense$19,423 $23,312 $20,914 
The difference between the income tax expense (benefit) derived by applying the federal statutory income tax rate to our income before income taxes and the amount recognized in our Consolidated Financial Statements is as follows for the year ended December 31, 2025:
Year Ended December 31, 2025
(in thousands, except percentages)
Income before income taxes$2,391 
Income Tax ExpenseAs a Percentage of Income Before Taxes
U.S. - Federal:$502 21.0 %
Nontaxable and Nondeductible Items:
     Nondeductible executive compensation2,154 90.1 %
     Nondeductible legal and transaction costs2,317 96.9 %
     Prior period adjustments125 5.2 %
     Other nondeductible expense220 9.2 %
Share-Based Payment Awards:1,019 42.6 %
Cross-Border Tax Laws:
Global intangible low-taxed income405 16.9 %
Changes in Valuation Allowance:5,485 229.4 %
U.S. - State and Local Income Taxes, Net of Federal Effect (1):
250 10.5 %
Foreign Tax Effects:
Canada
     Statutory income tax rate differential632 26.4 %
     Nondeductible share-based payment awards2,014 84.2 %
     Research credits(550)(23.0)%
Prior period adjustments321 13.4 %
     Other73 3.1 %
Netherlands
     Statutory income tax rate differential1,270 53.1 %
     Nondeductible share-based payment awards337 14.1 %
Prior period adjustments(1,324)(55.4)%
     Changes in valuation allowance500 20.9 %
     Other18 0.8 %
United Kingdom
     Statutory income tax rate differential537 22.5 %
Nondeductible share-based payment awards408 17.1 %
     Nondeductible license fee657 27.5 %
Prior period adjustments861 36.0 %
     Other249 10.4 %
Other Foreign Jurisdictions
Statutory income tax rate differential160 6.7 %
Nondeductible share-based payment awards179 7.5 %
Prior period adjustments360 15.1 %
Other244 10.2 %
Income Tax Expense$19,423 812.3 %
_____________________
(1) State taxes in Massachusetts, New Jersey, and California made up the majority (greater than 50 percent) of the tax effect in this category in 2025.
The difference between the income tax expense (benefit) derived by applying the federal statutory income tax rate to our income before income taxes and the amount recognized in our Consolidated Financial Statements is as follows for the years ended December 31, 2024 and 2023:
Year Ended December 31,
20242023
(in thousands)
Expense derived by applying the federal statutory income tax rate to income before income taxes$11,396 $9,308 
State taxes, net of federal benefit250 250 
Research and experimentation tax credits(550)— 
Global intangible low-taxed income— (49)
Withholding tax— 79 
Transaction costs1,024 399 
Non-taxable change in contingent consideration liability(1,480)— 
Non-deductible executive compensation3,155 2,099 
Valuation allowance for deferred tax assets3,737 2,867 
Stock-based compensation1,301 2,569 
Meals and entertainment328 224 
Effect of foreign operations4,317 2,328 
Other(166)840 
Income tax expense$23,312 $20,914 
The components of the net deferred tax amounts recognized in the accompanying Consolidated Balance Sheets were:
December 31,
20252024
(in thousands)
Deferred tax assets:
Allowance for doubtful accounts$1,187 $392 
Accrued expenses76 17 
Net operating loss18,159 14,763 
Stock-based compensation4,206 3,876 
Interest expense9,046 4,292 
Deferred revenue162 635 
Capitalized research and development expense30 2,599 
Leases788 782 
Other credits240 22 
Total deferred tax assets33,894 27,378 
Valuation allowance(14,049)(7,764)
Deferred tax assets, net of valuation allowance19,845 19,614 
Deferred tax liabilities:
Property and equipment1,880 1,578 
Prepaid expenses1,161 983 
Leases1,461 1,271 
Unrealized exchange loss12 36 
Intangibles12,766 17,168 
Total deferred tax liabilities17,280 21,036 
Net deferred tax asset (liability)$2,565 $(1,422)
Total cash paid for income taxes, net of refunds, is as follows for the year ended December 31, 2025:
Year Ended December 31, 2025
(in thousands, except percentages)
Payments$19,455 108 %
Refunds(1,391)
Total payments, net of refunds$18,064 
As a Percentage of Total Payments, Net of Refunds
U.S. payments, net of refunds$74 0.4 %
Foreign payments, net of refunds
Canada$2,498 13.8 %
Netherlands6,605 36.6 %
United Kingdom7,650 42.3 %
Other1,237 6.8 %
$17,990 99.6 %
Total payments, net of refunds$18,064 100.0 %

As of December 31, 2025 and 2024, we have federal and state net operating loss carryforwards of approximately $75.9 million and $60.0 million, respectively. These net operating loss carryforwards begin to expire in 2029. Pursuant to the Separation and Distribution that occurred on July 19, 2021, all pre-Separation and Distribution combined state net operating losses remain with SolarWinds.
As of December 31, 2025 and 2024, we have foreign net operating loss carry forwards of approximately $6.3 million, which can be carried forward indefinitely.
We establish valuation allowances when necessary to reduce deferred tax assets to amounts expected to be realized. During the year ended December 31, 2025, we recorded additional valuation allowance of $5.8 million in the U.S. and $0.5 million outside the U.S. During the year ended December 31, 2024, we recorded additional valuation allowance of $2.4 million in the U.S. and $0.5 million outside the U.S. The factors used to assess the likelihood of realization include our latest forecast of future taxable income, available tax planning strategies that could be implemented, reversal of taxable temporary differences and carryback potential to realize the net deferred tax assets. On July 4, 2025, the President signed into law H.R. 1, the “One Big Beautiful Bill Act” (“OBBBA”). Key income tax-related provisions of the OBBBA include the repeal of mandatory capitalization of domestic research and development expenditures under Internal Revenue Code (IRC) Section 174, extension of bonus depreciation, the restoration of an EBITDA-based interest limitation deduction, and revisions to international tax regimes. The overall financial statement impact of the OBBBA is not material.
The Tax Act imposes a mandatory transition tax on accumulated foreign earnings as of December 31, 2017. Effective January 1, 2018, the Tax Act creates a new territorial tax system in which we will recognize the tax impact of including certain foreign earnings in U.S. taxable income as a period cost. For the year ended December 31, 2021, we did not incur a global intangible low-taxed income, or GILTI, liability; however, to the extent that we incur expense under the GILTI provisions, we will treat it as a component of income tax expense in the period incurred. As a result of the Tax Act, our accumulated foreign earnings as of December 31, 2017 and 2018 have been subjected to U.S. tax. Moreover, all future foreign earnings will be subject to a new territorial tax system and dividends received deduction regime in the U.S. In 2024, the Company decided that it would no longer permanently reinvest the majority of its undistributed earnings in non-US subsidiaries. Since these undistributed earnings had been previously taxed under the Tax Act, the impact of changing our assertion related to the undistributed earnings of our foreign subsidiaries did not have a material impact to our financial statements. As of December 31, 2025, we continued our permanent reinvestment assertion in only four foreign jurisdictions. The undistributed earnings of these four foreign subsidiaries of approximately $21.9 million are permanently reinvested outside the U.S. Accordingly, no provision for foreign withholding tax, foreign exchange gain/loss, or state income taxes associated with a distribution of these
earnings has been made. Determination of the amount of the unrecognized deferred tax liability on these unremitted earnings is not material to our financial statements.
As of December 31, 2025, we do not have any accrued interest and penalties related to unrecognized tax benefits.
We had no gross unrecognized tax benefits as of December 31, 2025 and 2024, respectively, and there were no changes in the balances of our gross unrecognized tax benefits for the years ended December 31, 2025, 2024, and 2023, respectively. We do not believe that it is reasonably possible that our unrecognized tax benefits will significantly change in the next twelve months.
In 2021, the Organization for Economic Co-operation and Development ("OECD") released model rules for a global minimum tax known as Pillar Two. Under such rules, a minimum effective tax rate of 15% would apply to multinational companies with consolidated revenues above €750.0 million. Although we operate in one or more jurisdictions that have substantively enacted Pillar Two legislation, we have not exceeded the revenue threshold of €750.0 million and as such are not subject to the Pillar Two rules.
We file U.S., state and foreign income tax returns in jurisdictions with varying statutes of limitations. The 2021 through 2024 tax years generally remain open and subject to examination by federal, state and foreign tax authorities. We are currently under examination by the IRS for the tax years 2013 through the period ending February 2016. A Form 870-AD was signed with the Internal Revenue Service on January 22, 2025 related to tax years 2013 through the period ending February 2016. During the three months ended March 31, 2021, we finalized a settlement agreement with the IRS for the tax years 2011 to 2012. We are currently under audit by the Massachusetts Department of Revenue for the 2015 through February 2016 tax years, and the Texas Comptroller for the 2015 through 2018 tax years. We are currently under audit by the Canada Revenue Agency (“CRA”) for the tax years 2021 and 2022.
v3.25.4
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Legal Proceedings
From time to time, we have been and may be involved in various legal proceedings arising in our ordinary course of business. In the opinion of management, the resolution of any pending claims (either individually or in the aggregate) is not expected to have a material adverse impact on our Consolidated Financial Statements, cash flows or financial position. However, the outcome of disputes is inherently uncertain. Therefore, although management considers the likelihood of such an outcome to be remote, an unfavorable resolution of one or more matters could materially affect our future results of operations or cash flows, or both, in a particular period.
Commitments as a Result of Acquisitions
On December 14, 2022, we completed the acquisition of certain assets, primarily in the form of intellectual property, from a third party for a total consideration of up to $6.5 million, including $3.1 million of cash paid on the acquisition date, $1.0 million of product delivery fees, and up to $2.5 million payable upon the achievement of certain software engineering and knowledge transfer milestones as of September 1, 2023, and December 1, 2023. The total consideration of $6.5 million has been capitalized as costs to obtain internal-use computer software from third parties and will be amortized over an estimated useful life of three years, beginning when the related technology is deemed ready for its intended use, in accordance with our policy for the capitalization of internal-use software costs. The $2.5 million of contingent consideration is deemed to be the total value of technology not ready for its intended use as of the acquisition date. During the year ended December 31, 2023, $1.5 million of cash was paid due to the achievement of two of the software engineering and knowledge transfer milestones, with the related technology deemed ready for its intended use. During the year ended December 31, 2024, $1.0 million of cash was paid due to the achievement of the final software engineering and knowledge transfer milestones, with the related technology deemed ready for its intended use. There is no remaining contingent consideration related to this acquisition as of December 31, 2025, and no gains or losses on the contingent consideration were recognized during the years ended December 31, 2025, 2024 and 2023, respectively. See Note 2. Summary of Significant Accounting Policies and Note 8. Accrued Liabilities and Other for additional information regarding the contingent consideration liabilities.
v3.25.4
Operating Segments and Geographic Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Operating Segments and Geographic Information Operating Segments and Geographic Information
Operating Segments
Our chief operating decision-maker (“CODM”) is our Chief Executive Officer. As our CODM, our Chief Executive Officer manages the business as a multi-product business that utilizes its model to deliver software products to customers regardless of their geography or IT environment. Operating results, including discrete financial information and profitability
metrics, are reviewed at the consolidated entity level for purposes of making resource allocation decisions and for evaluating financial performance. Accordingly, we consider ourselves to be in a single operating and reportable segment structure.
As we operate in a single operating and reportable segment structure, our CODM assesses performance for the segment and decides how to allocate resources based on consolidated net income, as presented in our Consolidated Statements of Operations, among other metrics. Segment asset information is not reported to the CODM. Our CODM uses consolidated net income to assess performance for the segment by reviewing actual performance against internal forecasts and historical performance. Since we operate as one operating segment, financial segment information, including profit or loss, can be found in our Consolidated Financial Statements. While not presented separately within our Consolidated Financial Statements, our consolidated net income includes depreciation expense of $18.4 million, $16.0 million, and $15.2 million for the years ended December 31, 2025, 2024, and 2023, respectively, and amortization expense of $25.7 million, $9.8 million, and $6.4 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Geographic Information
We base revenue by geography on the shipping address of each customer. Other than the United States and the United Kingdom, no single country accounted for 10% or more of our total revenue for the years ended December 31, 2025, 2024, and 2023, respectively. The following tables set forth revenue by geographic area:
Year Ended December 31,
202520242023
(in thousands)
Revenue
United States, country of domicile$253,877 $224,514 $205,836 
United Kingdom52,198 48,730 43,196 
All other international205,355 192,903 172,848 
Total revenue$511,430 $466,147 $421,880 

Other than the United States, Switzerland, and United Kingdom, no single country accounted for 10% or more of our total net long-lived assets as of December 31, 2025 and 2024, respectively. The following tables set forth net long-lived assets by geographic area:
December 31,
20252024
(in thousands)
Long-lived assets, net
United States, country of domicile$11,686 $11,032 
Switzerland12,264 14,998 
United Kingdom5,724 2,668 
All other international8,288 7,464 
Total long-lived assets, net$37,962 $36,162 
v3.25.4
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
Additions
Beginning BalanceCharge to ExpenseCharge to Other AccountsDeductions
(Write-Offs, Net of Recoveries)		Ending Balance
(in thousands)
Allowance for doubtful accounts, customers and other:
Year ended December 31, 2023
$1,330 $4,323 $— $(4,482)$1,171 
Year ended December 31, 2024
1,171 3,880 — (4,165)886 
Year ended December 31, 2025
886 9,153 — (5,980)4,059 
Tax valuation allowances:
Year ended December 31, 2023
$3,637 $2,867 $— $(1,591)$4,913 
Year ended December 31, 2024
4,913 4,412 — (1,561)7,764 
Year ended December 31, 2025
7,764 6,285 — — 14,049 
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Risk Management and Strategy
The Company has adopted policies, processes, procedures and standards and implemented certain controls and procedures that allow its management to assess, identify and manage material risks from cybersecurity threats and for its Board of Directors, through its Cybersecurity Committee, to actively oversee the strategic direction, objectives, and effectiveness of the Company’s cybersecurity risk management framework.
The Company’s processes are integrated into its overall enterprise risk management program, which includes financial risk, compliance risk and other strategic and operational risks that affect the Company. The processes compliment the Company’s enterprise-wide risk assessment architecture, as implemented by the Company’s management and as overseen by the Company’s Board of Directors through its Cybersecurity Committee. In designing these processes, the Company takes into account industry frameworks such as the National Institute of Standards and Technology (NIST), Committee of Sponsoring Organizations (COSO), and International Organization for Standardization (ISO) 27001, and other industry standards. To further improve the effectiveness of its cybersecurity risk management framework, the Company has in the past, and may continue to do so in the future, engage third party consultants, to assist in testing and evaluating our security program.
The Company seeks to address cybersecurity risks through a cross-functional approach that is focused on preserving the confidentiality, security, and availability of the information that the Company collects and stores by identifying, preventing, and mitigating cybersecurity threats and effectively responding to cybersecurity incidents when they occur.
To identify and assess material risks from cybersecurity threats, we engage in regular network and endpoint monitoring, vulnerability assessments, penetration testing, and tabletop exercises. The Company engages a third-party to perform 24/7 monitoring for threats and unauthorized access to our information security network.
We have a formalized incident response plan (IRP) and associated procedures based on cybersecurity best practices which are refined using the information gained through testing and to further improve our cybersecurity preparedness and response infrastructure. These plans and procedures set forth the actions to be taken in responding to and recovering from cybersecurity incidents, which include triage, assessing the severity of incidents, escalation protocols, containment of incidents, investigation of incidents, and remediation. We also regularly perform phishing tests of our employees and provide annual privacy and security training for all employees. Our security training incorporates awareness of cyber threats (including but not limited to malware, ransomware, and social engineering attacks), password hygiene and incident reporting processes.
We review our cybersecurity risk framework and related policies annually with our senior management to help identify areas for continued focus and improvement. We also engage third parties to review and assess our processes annually. Our information security management system has been independently certified as being in conformity with ISO/IEC 27001:2013.
The Company has also implemented processes to identify, monitor and address material risks from cybersecurity threats associated with our use of third-party service providers, including those in our supply chain or who have access to our systems, data or facilities that house such systems or data. The Company works with such providers to recommend securities measures to be improved where possible, and generally requires those third parties that could introduce significant cybersecurity risk to us to manage their cybersecurity risks in specified ways, and to agree to be subject to cybersecurity audits, which we conduct as appropriate.
Although we have not experienced any material cybersecurity incidents since becoming a stand-alone public company in July 2021, we may experience such incidents in the future and the scope and impact of any such future incidents cannot be predicted. We have described whether and how risks from identified cybersecurity threats, including as a result of any previous cybersecurity incidents have affected or are reasonably likely to materially affect us, including our business strategy, results of operations, or financial condition in the risk factors titled “Cyberattacks and other security incidents have resulted, and in the future may result, in compromises or breaches of our, our IT services provider customers’, or their end-customers’ systems, the insertion of malicious code, malware, ransomware or other vulnerabilities into our, our IT services provider customers’, or their end-customers’ systems, the exploitation of vulnerabilities in our, our IT services provider customers’, or their end-customers’ environments, the theft or misappropriation of our, our IT services provider customers’, or their end-customers’ proprietary and confidential information, and interference with our, our IT services provider customers’, or their end-customers’ operations, exposure to legal and other liabilities, higher customer and employee attrition and the loss of key personnel, negative impacts to our sales, renewals and upgrades and reputational harm and other serious negative consequences, any or all of which could materially harm our business” in “Item 1A. Risk Factors” of this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
The Company has adopted policies, processes, procedures and standards and implemented certain controls and procedures that allow its management to assess, identify and manage material risks from cybersecurity threats and for its Board of Directors, through its Cybersecurity Committee, to actively oversee the strategic direction, objectives, and effectiveness of the Company’s cybersecurity risk management framework.
The Company’s processes are integrated into its overall enterprise risk management program, which includes financial risk, compliance risk and other strategic and operational risks that affect the Company.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Role of the Board of Directors and the Cybersecurity Committee
As part of the Board of Directors’ role in overseeing the Company’s enterprise risk management program, which includes our cybersecurity risk management program, the Board is responsible for exercising oversight of management’s identification and management of, and planning for, material cybersecurity risks that may reasonably be expected to impact the Company. While the full Board has overall responsibility for risk oversight, the Board has delegated oversight responsibility related to risks from cybersecurity threats to the Cybersecurity Committee of the Board, or the Cybersecurity Committee. The Cybersecurity Committee is responsible for overseeing our information technology systems and cybersecurity risks, including plans and programs relating to cyber and data security and legal and regulatory risks associated with our products and business operations. The Cybersecurity Committee is informed of the Company’s cybersecurity risk management and receives an
overview of its cybersecurity program from management at least quarterly, which covers topics including, among others, recent cybersecurity risk landscape and trends, data security posture, results from third-party assessments, training and vulnerability testing, our cybersecurity and compliance program, critical cybersecurity risks, as well as the steps management has taken to respond to such risks, emerging cybersecurity regulations, technologies and best practices. Material cybersecurity risks are also discussed during separate Board meetings as part of the Board’s risk oversight generally.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Cybersecurity Committee is responsible for overseeing our information technology systems and cybersecurity risks, including plans and programs relating to cyber and data security and legal and regulatory risks associated with our products and business operations.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Cybersecurity Committee is informed of the Company’s cybersecurity risk management and receives an
overview of its cybersecurity program from management at least quarterly, which covers topics including, among others, recent cybersecurity risk landscape and trends, data security posture, results from third-party assessments, training and vulnerability testing, our cybersecurity and compliance program, critical cybersecurity risks, as well as the steps management has taken to respond to such risks, emerging cybersecurity regulations, technologies and best practices. Material cybersecurity risks are also discussed during separate Board meetings as part of the Board’s risk oversight generally.
Cybersecurity Risk Role of Management [Text Block]
Role of Management
Our Security Risk Committee (“SRC”), comprised of our Chief Security Officer (“CSO”), our Chief Legal Officer and representatives from the technology and product, people, IT and legal teams, is responsible for management’s oversight of cybersecurity governance, decision-making, risk management, awareness, and compliance across the Company. Our CSO works with the SRC to employ a cybersecurity program designed to protect the Company’s information systems from cybersecurity threats and to respond to incidents in accordance with the Company’s incident response plan and other policies and procedures.
The CSO manages a team that is responsible for day-to-day tracking, assessing and management of threats. The N-able security team has a dedicated incident response team, with trained resources that are responsible for the various stages of our incident management strategy, including preparation, detection and analysis, containment, eradication, and recovery. Through ongoing communications with the team, the CSO and the SRC are informed about and monitor the prevention, detection, mitigation and remediation of cybersecurity incidents and progress on cybersecurity infrastructure initiatives. In the event of a material cybersecurity incident or investigation, management will, in accordance with the Company’s IRP and other policies in place, promptly report to the Cybersecurity Committee and the Board, as appropriate. This escalation is in addition to the regular reports by the CSO to the Cybersecurity Committee on at least an annual basis.
Our CSO has served as such since 2021 and has over 20 years of experience in various roles in information security, including serving as an IT security leader at AT&T/Warner Media, where he implemented an extensive security program managing complex incident response events. He holds a degree in Information Technology.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The CSO manages a team that is responsible for day-to-day tracking, assessing and management of threats. The N-able security team has a dedicated incident response team, with trained resources that are responsible for the various stages of our incident management strategy, including preparation, detection and analysis, containment, eradication, and recovery.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our CSO has served as such since 2021 and has over 20 years of experience in various roles in information security, including serving as an IT security leader at AT&T/Warner Media, where he implemented an extensive security program managing complex incident response events. He holds a degree in Information Technology.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] In the event of a material cybersecurity incident or investigation, management will, in accordance with the Company’s IRP and other policies in place, promptly report to the Cybersecurity Committee and the Board, as appropriate. This escalation is in addition to the regular reports by the CSO to the Cybersecurity Committee on at least an annual basis.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying Consolidated Financial Statements include the accounts of N-able, Inc. and the accounts of its wholly owned subsidiaries. We have eliminated all intercompany balances and transactions.
Reclassifications
Reclassifications
Certain prior period amounts have been reclassified to conform to current period presentation.
Segment Information
Segment Information
Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the company’s chief operating decision‑maker in deciding how to allocate resources and in assessing performance. N-able currently operates in one reportable business segment.
Use of Estimates
Use of Estimates
The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. The actual results that we experience may differ materially from our estimates. The accounting estimates that require our most significant, difficult and subjective judgments include:
•the valuation of goodwill, intangibles, and long-lived assets;
•the valuation of contingent consideration;
•revenue recognition; and
•income taxes.
Foreign Currency Translation
Foreign Currency Translation
The functional currency of our foreign subsidiaries is determined in accordance with authoritative guidance issued by the Financial Accounting Standards Board (“FASB”). We translate assets and liabilities for these subsidiaries at exchange rates in effect at the balance sheet date. We translate income and expense accounts for these subsidiaries at the average monthly exchange rates for the periods. We record resulting translation adjustments as a component of accumulated other comprehensive income (loss) within stockholders' equity. We record gains and losses from currency transactions denominated in currencies other than the functional currency as other income (expense), net in our Consolidated Statements of Operations. Local currency transactions of international subsidiaries that have the U.S. dollar as the functional currency are remeasured into U.S. dollars using current rates of exchange for monetary assets and liabilities and historical rates of exchange for non-monetary assets and liabilities.
Cash and cash equivalents
Cash and Cash Equivalents
All cash and cash equivalents included in the Consolidated Financial Statements are legally owned by N-able legal entities. We consider highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. As of December 31, 2025 and 2024, we have money market fund financial assets of $68.2 million and $44.0 million, respectively, which are included in “cash and cash equivalents” in our Consolidated Balance Sheets. See “Fair Value Measurements” below
and Note 7. Fair Value Measurements for further details regarding the fair value measurements of our money market fund financial assets.
Acquisitions
Acquisitions
The purchase price of our acquired businesses is allocated to the assets acquired and the liabilities assumed based on their estimated fair values, with the excess recorded as goodwill in the reporting unit expected to benefit from the business combination. If applicable, we estimate the fair value of contingent consideration payments in determining the purchase price. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair value of the tangible and intangible assets acquired and liabilities assumed, including the deferred tax asset valuation allowances and acquired income tax uncertainties, with the corresponding offset to goodwill. We include the operating results of acquisitions in our Consolidated Financial Statements from the acquisition date. Acquisition related costs are expensed separately from the acquisition as incurred and are primarily included in general and administrative expenses in our Consolidated Statements of Operations.
The fair value of identifiable intangible assets is based on significant judgments made by management. We typically engage third party valuation appraisal firms to assist us in determining the fair values, useful lives of the assets acquired, and the excess earnings methodology used to calculate the fair values under the income approach. The valuation estimates and assumptions are based on historical experience and information obtained by management, and include forecasted revenue growth rate and cost of revenue earned from the developed technology. Other estimates include forecasted operating cash flows and discount rates applied in determining the present value of those cash flows. Unanticipated events and circumstances may occur that could affect the accuracy or validity of such assumptions, estimates or actual results. Acquired identifiable intangible assets are amortized on the straight-line method over their estimated economic lives, which are generally two to seven years for trademarks, customer relationships and developed product technologies. We include amortization of acquired developed product technologies in cost of revenue and amortization of other acquired intangible assets in operating expenses in our Consolidated Statements of Operations.
Goodwill
Goodwill
Goodwill represents the amount of the purchase price in excess of the estimated fair value of net assets of businesses acquired in a business combination. Our goodwill was primarily derived from the take private transaction of SolarWinds in February 2016 and subsequent business combinations, where the purchase price exceeded the fair value of the net identifiable assets acquired. We test goodwill at least annually during the fourth quarter or sooner when circumstances indicate an impairment may exist. An impairment of goodwill is recognized when the carrying amount of a reporting unit exceeds its fair value. For purposes of the annual impairment test, we first assess qualitative factors to determine whether it is more likely than not that the fair value of our single reporting unit is less than its carrying value. If, based on a review of qualitative factors, it is more likely than not that the fair value of the reporting unit is less than its carrying value we perform a quantitative goodwill impairment test by comparing the fair value of the reporting unit to its carrying amount. If the carrying value exceeds the fair value, an impairment loss is recognized for the amount by which the reporting unit's carrying value exceeds its fair value, not to exceed the carrying value of goodwill in that reporting unit. We may also elect to bypass the qualitative assessment and perform a quantitative assessment.
In October 2025, we performed a quantitative assessment for our single reporting unit. For the quantitative assessment, we compared the fair value of the reporting unit to its carrying value. As of October 1, 2025, the fair value of the reporting unit exceeded its carrying value.
Fair value determination of our reporting unit requires considerable judgment and is sensitive to changes in underlying assumptions and factors. As a result, there can be no assurance that the estimates and assumptions made for purposes of the quantitative goodwill impairment test will prove to be an accurate prediction of future results. If an event occurs that would cause us to revise our estimates and assumptions used in analyzing the value of our goodwill, the revision could result in a non-cash impairment charge that could have a material impact on our financial results.
Long-lived Assets
Long-Lived Assets
We evaluate the recoverability of our long-lived assets, including finite-lived intangible assets and other assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Our finite-lived intangible assets are primarily related to assets acquired at the take private transaction of SolarWinds and subsequent business combinations. Events or changes in circumstances that could result in an impairment review include, but are not limited to, significant underperformance relative to historical or projected future operating results,
significant changes in the manner of use of the acquired assets or the strategy for our overall business, and significant negative industry or economic trends. In the event that the net book value of our long-lived assets exceeds the future undiscounted net cash flows attributable to such assets, an impairment charge would be required. Impairment, if any, is recognized in the period of identification to the extent the carrying amount of an asset or asset group exceeds the fair value of such asset or asset group. For the years ended December 31, 2025, 2024, and 2023, there were no indicators that our long-lived assets were impaired.
Long-lived Assets
Long-Lived Assets
We evaluate the recoverability of our long-lived assets, including finite-lived intangible assets and other assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Our finite-lived intangible assets are primarily related to assets acquired at the take private transaction of SolarWinds and subsequent business combinations. Events or changes in circumstances that could result in an impairment review include, but are not limited to, significant underperformance relative to historical or projected future operating results,
significant changes in the manner of use of the acquired assets or the strategy for our overall business, and significant negative industry or economic trends. In the event that the net book value of our long-lived assets exceeds the future undiscounted net cash flows attributable to such assets, an impairment charge would be required. Impairment, if any, is recognized in the period of identification to the extent the carrying amount of an asset or asset group exceeds the fair value of such asset or asset group. For the years ended December 31, 2025, 2024, and 2023, there were no indicators that our long-lived assets were impaired.
Fair Value Measurements
Fair Value Measurements
We apply the authoritative guidance on fair value measurements for financial assets and liabilities, such as our money market fund financial assets and contingent consideration liabilities, that are measured at fair value on a recurring basis and non-financial assets and liabilities, such as goodwill, intangible assets and property, plant and equipment that are measured at fair value on a non-recurring basis.
The guidance establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows:
Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets accessible by us.
Level 2: Inputs that are observable in the marketplace other than those inputs classified as Level 1.
Level 3: Inputs that are unobservable in the marketplace and significant to the valuation.
The carrying amounts reported in our Consolidated Balance Sheets for cash, accounts receivable, accounts payable and other accrued expenses approximate fair value due to relatively short periods to maturity. See Note 7. Fair Value Measurements for a summary of our financial instruments accounted for at fair value on a recurring basis as of December 31, 2025 and 2024. As of December 31, 2025 and 2024, the carrying value of our outstanding debt approximates its estimated fair value as the interest rate on the debt is adjusted for changes in market rates. See Note 9. Debt for additional information regarding our debt.
Accounts Receivable
Accounts Receivable
Accounts receivable represent trade receivables from customers when we have sold subscriptions for software-as-a-service (“SaaS”) offerings as well as subscription-based term licenses and from the sale of maintenance services associated with our perpetual license products and have not yet received payment. We present accounts receivable net of an allowance for doubtful accounts. We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make required payments. In doing so, we consider the current financial condition of the customer, the specific details of the customer account, the age of the outstanding balance and the current economic environment. Any change in the assumptions used in analyzing a specific account receivable might result in an additional allowance for doubtful accounts being recognized in the period in which the change occurs. Our allowance for doubtful accounts was $4.1 million, $0.9 million and $1.2 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Property and Equipment
Property and Equipment
We record property and equipment at cost and depreciate them using the straight-line method over their estimated useful lives as follows:
Useful Life
(in years)
Equipment, servers and computers
3 - 5
Furniture and fixtures
5 - 7
Software
3 - 5
Leasehold improvementsLesser of lease term or useful life
Upon retirement or sale of property and equipment, we remove the cost of assets disposed of and any related accumulated depreciation from our accounts and credit or charge any resulting gain or loss to operating expense. We expense repairs and maintenance as they are incurred.
Research and Development Costs
Research and Development Costs
Research and development expenses primarily consist of personnel costs and contractor fees related to the development of new software products and enhancements to existing software products. Personnel costs include salaries, bonuses and stock-based compensation and related employer-paid payroll taxes, as well as an allocation of our facilities, depreciation, benefits and IT costs. Research and development costs are charged to operations as incurred.
Internal-Use Software Costs
Internal-Use Software Costs
We capitalize costs related to developing new functionality for our suite of products that are hosted and accessed by our customers on a subscription basis. We also capitalize costs related to specific upgrades and enhancements when it is probable the expenditures will result in additional functionality. Costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. Capitalized costs are recorded as part of other assets, net in our Consolidated Balance Sheets. Maintenance and training costs are expensed as incurred. Internal-use software costs are amortized on a straight-line basis over its estimated useful life, generally three years, and included in cost of revenue in the Consolidated Statements of Operations. There was an impairment to internal-use software costs of $0.4 million during the year ended December 31, 2025, and no impairments to internal-use software costs during the years ended December 31, 2024 and 2023.
On December 14, 2022, we completed the acquisition of certain assets, primarily in the form of intellectual property, from a third party for a total consideration of up to $6.5 million, including $3.1 million of cash paid on the acquisition date, $1.0 million of product delivery fees, and up to $2.5 million payable upon the achievement of certain software engineering and knowledge transfer milestones as of September 1, 2023 and December 1, 2023. The total consideration of $6.5 million was capitalized as costs to obtain internal-use computer software from third parties and is being amortized over an estimated useful life of three years, beginning when the related technology is deemed ready for its intended use, in accordance with our policy for the capitalization of internal-use software costs.
The $3.1 million of cash paid on the acquisition date and $1.0 million of product delivery fees was deemed to be the total value of technology ready for its intended use as of the acquisition date and is being amortized over an estimated useful life of three years, beginning on the acquisition date. The $2.5 million of contingent consideration was deemed to be the total value of technology not ready for its intended use as of the acquisition date. During the year ended December 31, 2023, $1.5 million of cash was paid due to the achievement of two of the software engineering and knowledge transfer milestones, with the related technology deemed ready for its intended use. During the year ended December 31, 2024, $1.0 million of cash was paid due to the achievement of the final software engineering and knowledge transfer milestones, with the related technology deemed ready for its intended use. There is no remaining contingent consideration related to this acquisition as of December 31, 2025 and 2024, and no gains or losses on the contingent consideration were recognized during the years ended December 31, 2025, 2024 and 2023, respectively. See Note 8. Accrued Liabilities and Other and Note 15. Commitments and Contingencies for additional information regarding the contingent consideration liabilities.
Debt Issuance Costs
Debt Issuance Costs
Debt issuance costs for our secured credit facilities are presented as a deduction from the corresponding debt liability on our Consolidated Balance Sheets and amortized on an effective interest rate method over the term of the associated debt as interest expense in our Consolidated Statements of Operations.
Contingencies
Contingencies
We account for claims and contingencies in accordance with authoritative guidance that requires we record an estimated loss from a claim or loss contingency when information available prior to issuance of our Consolidated Financial Statements indicates a liability has been incurred at the date of our Consolidated Financial Statements and the amount of the loss can be reasonably estimated. If we determine that it is reasonably possible but not probable that an asset has been impaired or a liability has been incurred, we disclose the amount or range of estimated loss if material or that the loss cannot be reasonably estimated. Accounting for claims and contingencies requires us to use our judgment. We consult with legal counsel on those issues related to litigation and seek input from other experts and advisors with respect to matters in the ordinary course of business. See Note 15. Commitments and Contingencies for a discussion of contingencies.
Revenue Recognition
Revenue Recognition
We generate revenue from fees received for our SaaS solutions as well as subscriptions for our subscription-based term licenses and from the sale of maintenance services associated with our perpetual licenses. We recognize revenue related to contracts from customers when we transfer promised goods or services in an amount that reflects the consideration to which the
entity expects to be entitled in exchange for those goods or services. This is determined by following a five-step process which includes (1) identifying the contract with a customer, (2) identifying the performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price and (5) recognizing revenue when or as we satisfy a performance obligation, as described below.
•Identify the contract with a customer. We generally use an electronic or manually signed order form, purchase order, an authorized credit card, or the receipt of a cash payment as evidence of a contract provided that collection is considered probable. We sell our products through our direct inside sales force and through our distributors and resellers. Sales through resellers and distributors are typically evidenced by a reseller or distributor agreement, together with purchase orders or authorized credit cards on a transaction-by-transaction basis. Our distributors and resellers do not carry inventory of our software and we generally require them to specify the end user of the software at the time of the order. Our distributors and resellers have no rights of return or exchange for software that they purchase from us and payment for these purchases is due to us without regard to whether the distributors or resellers collect payment from their customers.
•Identify the performance obligations in the contract. Performance obligations promised in a contract are identified based on the goods or services that will be transferred to the customer that are separately identifiable from other promises in the contract, or distinct. If not considered distinct, the promised goods or services are combined with other goods or services and accounted for as a combined performance obligation. Determining the distinct performance obligations in a contract requires judgment. Our performance obligations primarily include SaaS solutions, subscription-based term licenses and maintenance support including unspecified upgrades or enhancements to new versions of our software solutions. See additional discussion of our performance obligations below.
•Determine the transaction price. We determine the transaction price based on the contractual consideration and the amount of consideration we expect to receive in exchange for transferring the promised goods or services to the customer. We account for sales incentives to IT services providers, resellers or distributors as a reduction of revenue at the time we recognize the revenue from the related product sale. We report revenue net of any sales tax collected. Our return policy generally does not allow our customers to return software products or services.
•Allocate the transaction price. For contracts that contain multiple performance obligations, we allocate the transaction price of the contract to each distinct performance obligation based on a relative stand-alone selling price basis. Determining stand-alone selling prices for our performance obligations requires judgment and is based on multiple factors, primarily including historical selling prices and discounting practices for products and services. We review the stand-alone selling price for our performance obligations periodically and update, if needed, to ensure that the methodology utilized reflects our current pricing practices.
•Recognize revenue when or as we satisfy a performance obligation. Revenue is recognized when or as performance obligations are satisfied either over time or at a point in time by transferring a promised good or service. We consider this transfer to have occurred when risk of loss transfers to the IT services provider, reseller or distributor or the customer has access to their subscription which is generally upon electronic activation of the licenses purchased or access being granted which provides immediate availability of the product to the purchaser. See further discussion below regarding the timing of revenue recognition for each of our performance obligations.
The following summarizes our performance obligations from which we generate revenue:
Performance obligationWhen performance obligation is typically satisfied
SaaS solutionsOver the subscription term, once the service is made available to the customer (over time)
Subscription-based term and perpetual licensesUpon the delivery of the license key or password that provides immediate availability of the product (point in time)
Technical support and unspecified software upgradesRatably over the contract period (over time)
Subscription Revenue. We primarily derive subscription revenue from the sale of subscriptions to the SaaS solutions that we host and manage on our platform. Our subscriptions provide access to the latest versions of our software platform, technical support and unspecified software upgrades and updates. Subscription revenue for our SaaS solutions is generally recognized ratably over the subscription term once the service is made available to the customer or when we have the right to invoice for services performed. In addition, our subscription revenue includes sales of our self-managed solutions, which are hosted and managed by our customers. Subscriptions of our self-managed solutions include term licenses, technical support and unspecified software upgrades. Revenue from the license performance obligation of our self-managed solutions is recognized at a point in time upon delivery of the access to the licenses and revenue from the performance obligation related to the technical support and unspecified software upgrades of our subscription-based license arrangements is recognized ratably over the agreement period. We generally invoice subscription agreements monthly based on usage or in advance over the subscription period on either a monthly or annual basis.
•Other Revenue. Other revenue consists primarily of revenue from the sale of our maintenance services associated with the historical sales of perpetual licenses and revenue from professional services. Customers with maintenance agreements are entitled to receive technical support and unspecified upgrades or enhancements to new versions of their solutions on a when-and-if-available basis for the specified agreement period. We believe that our technical support and unspecified upgrades or enhancements performance obligations each have the same pattern of transfer to the customer and are therefore accounted for as a single distinct performance obligation. We recognize maintenance revenue ratably on a daily basis over the contract period.
Deferred Revenue
Deferred revenue primarily consists of transaction prices allocated to remaining performance obligations from annually billed subscription agreements and maintenance services associated with our historical sales of perpetual license products which are delivered over time. Certain of our maintenance agreements are billed annually in advance for services to be performed over a 12-month period. We initially record the amounts allocated to maintenance performance obligations as deferred revenue and recognize these amounts ratably on a daily basis over the term of the maintenance agreement.
Contract Assets
Timing may differ between the satisfaction of performance obligations and the invoicing and collection of amounts related to our contracts with customers. Contract assets primarily relate to unbilled amounts for contracts with customers for which the amount of revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to accounts receivable when the right to invoice becomes unconditional. Contract assets are recorded as current if the invoice will be delivered to the customer within the succeeding 12-month period, with the remaining recorded as long-term.
Capitalized Commissions
We recognize as an asset the incremental costs of obtaining a contract with a customer if we expect to recover those costs, and amortize the asset in accordance with the pattern of transfer of goods and services to which the asset relates. ASC 606 defines the incremental costs of obtaining a contract as the costs that an entity incurs in its efforts to obtain a contract that would not have been incurred if the contract had not been obtained.
We recognize the incremental costs of obtaining contracts as expense when incurred if the amortization period of the assets that we otherwise would have recognized is one year or less. For long-term committed contracts under the Long-Term Contract Initiative, we expect that commission fees paid to sales representatives as a result of obtaining these contracts are recoverable and are therefore capitalized. Current capitalized commissions were $2.7 million and $1.7 million as of December 31, 2025 and 2024, respectively, and are included in “prepaid and other current assets” in our Consolidated Balance Sheets. Non-current capitalized commissions were $2.3 million and $2.0 million as of December 31, 2025 and 2024, respectively, and are included in “other non-current assets” in our Consolidated Balance Sheets. Capitalized commissions are amortized on a straight-line basis over a period of three years, and are included in “sales and marketing” in our Consolidated Statements of Operations. We recognized amortization of capitalized commissions of $1.9 million and $0.4 million during the years ended December 31, 2025 and 2024, respectively.
Cost of Revenue
Cost of Revenue
Cost of Revenue. Cost of revenue consists of public cloud infrastructure and hosting fees, an allocation of overhead costs for our subscription revenue and maintenance services, royalty fees and personnel costs for technical support and our security operations center. We allocate facilities, depreciation, IT and benefits costs based on headcount.
Amortization of Acquired Technologies. Amortization of acquired technologies included in cost of revenue was $16.9 million, $3.5 million and $1.8 million for the years ended December 31, 2025, 2024 and 2023, respectively. We amortize to cost of revenue capitalized costs of technologies acquired in connection with business combinations, including the July 1, 2022 acquisition of Spinpanel B.V. (“Spinpanel”) and the November 20, 2024 acquisition of Adlumin.
Advertising
Advertising
We expense advertising costs as incurred. Advertising expense is included in sales and marketing expenses in our Consolidated Statements of Operations.
Leases
Leases
We lease facilities worldwide and certain equipment under non-cancellable lease agreements. During 2019, we adopted the new lease accounting guidance, FASB Accounting Standards Update No. 2016-02 “Leases,” or ASC 842. Under ASC 842, we evaluate if a contract is or contains a lease at inception of the contract. If we determine that a contract is or contains a lease, we determine the appropriate lease classification and recognize a right-of-use asset and lease liability at the commencement date of the lease based on the present value of fixed lease payments over the lease term reduced by lease incentives. To determine the present value of lease payments, we use an estimated incremental borrowing rate based on the interest rate a similar borrowing on a collateralized basis would incur based on information available on the lease commencement date as none of our leases provide an implicit rate. We generally base this discount rate on the interest rate incurred on our secured credit facilities, adjusted for considerations for the value, term and currency of the lease. Lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise those options.
We recognize right-of-use assets and lease liabilities for leasing arrangements with terms greater than one year. Certain lease contracts include obligations to pay for other services, such as operations and maintenance. We account for lease and non-lease components in a contract as a single lease component for all classes of underlying assets except certain classes of equipment. Right-of-use assets are tested for impairment in the same manner as long-lived assets.
The terms of some of our lease agreements provide for rental payments on a graduated basis. Operating lease costs are recognized on a straight-line basis over the lease term and recorded in the appropriate income statement line item based on the asset or a headcount allocation for office leases. Certain of our office leases require the payment of our proportionate share of common area maintenance or service charges. As we have elected to account for lease and non-lease components as a single lease component for our real estate leases, these costs are included in variable lease costs. In addition, certain of our leases may include variable payments based on measures that include changes in price indices or market interest rates which are included in variable lease costs and expensed as incurred. We had no finance leases as of and for the periods ended December 31, 2025 and 2024, respectively. See Note 6. Leases for additional information regarding our lease arrangements.
Income Taxes
Income Taxes
We use the liability method of accounting for income taxes as set forth in the authoritative guidance for accounting for income taxes. Under this method, we recognize deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the respective carrying amounts and tax basis of our assets and liabilities.
On December 22, 2017, the U.S. Tax Cuts and Jobs Act (the “Tax Act”) was enacted. As a result, income tax attributable to previously undistributed earnings of N-able international subsidiaries was recognized in 2017 and 2018. This liability, which SolarWinds elected to pay over time, remains with SolarWinds and is not reflected in the financial statements of N-able.
In 2024, the Company decided that it would no longer permanently reinvest the majority of its undistributed earnings in non-US subsidiaries. Since these undistributed earnings had been previously taxed under the Tax Act, the impact of changing our assertion related to the undistributed earnings of our foreign subsidiaries did not have a material impact to our financial statements.
In the ordinary course of business, there is inherent uncertainty in quantifying our income tax positions. We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, we have recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, the associated interest expense and penalties has been recognized as a component of income tax expense.
We establish valuation allowances when necessary to reduce deferred tax assets to the amounts expected to be realized. On a quarterly basis, we evaluate the need for, and the adequacy of, valuation allowances based on the expected realization of our deferred tax assets. The factors used to assess the likelihood of realization include our latest forecast of future taxable income, available tax planning strategies that could be implemented, reversal of taxable temporary differences and carryback potential to realize the net deferred tax assets. See Note 14. Income Taxes for additional information regarding our income taxes.
Concentrations of Risk
Concentrations of Risks
Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. Our cash and cash equivalents consisted of cash deposited with banks in demand deposit accounts which may exceed the amount of insurance provided on these deposits. Generally, we may withdraw our cash deposits and redeem our invested cash equivalents upon demand. We strive to maintain our cash deposits with multiple financial institutions of reputable credit and therefore bear minimal credit risk.
We provide credit to distributors, resellers and direct customers in the normal course of business. We generally extend credit to new customers based upon industry reputation and existing customers based upon prior payment history. For the years ended December 31, 2025, 2024 and 2023, no distributor, reseller or direct customer represented a significant concentration of our revenue.
At December 31, 2025 and 2024, no distributor, reseller or direct customer represented a significant concentration of our outstanding accounts receivable balance. We do not believe that our business is substantially dependent on any distributor or that the loss of a distributor relationship would have a material adverse effect on our business.
Stock-Based Compensation
Stock-Based Compensation
We have granted our employees, directors and certain contractors stock-based incentive awards. These awards are in the form of stock options, restricted common stock, restricted stock units and performance stock units. We measure stock-based compensation expense for all share-based awards granted to employees and directors based on the estimated fair value of those awards on the date of grant. The fair value of stock option awards is estimated using a Black-Scholes valuation model. The fair
value of restricted common stock, restricted stock units and performance stock units is determined using the fair market value of the underlying common stock on the date of grant less any amount paid at the time of the grant, or intrinsic value. Our stock awards vest on service-based or performance-based vesting conditions. For our service-based awards, we recognize stock-based compensation expense on a straight-line basis over the service period of the award. For our performance-based awards, we recognize stock-based compensation expense on a graded-vesting basis over the service period of each separately vesting tranche of the award, if it is probable that the performance target will be achieved.
In connection with the Separation and Distribution, all of the outstanding and unvested SolarWinds equity awards held by our employees were converted to N-able awards (the “Conversion”). As a result of the Conversion, 224,638 stock options, 91,477 shares of restricted common stock, and 2,207,824 shares of restricted stock units were granted during the year ended December 31, 2021. No stock option awards were granted during the year ended December 31, 2025. See Note 10. Stock-Based Compensation and Note 13. Relationship with Parent and Related Entities for information on the incremental compensation expense recognized during the years ended December 31, 2025 and 2024 as a result of the Conversion.
We estimated the fair value for stock options at the date of grant using the Black-Scholes option pricing model. We have not paid and do not anticipate paying cash dividends on our common stock; therefore, we assume the expected dividend yield to be zero. We estimate the expected volatility using the historical volatility of comparable public companies from a representative peer group. We base the risk-free rate of return on the average U.S. treasury yield curve for the most appropriate terms for the respective periods. As allowed under current guidance, we have elected to apply the “simplified method” in developing our estimate of expected life for “plain vanilla” stock options by using the midpoint between the vesting date and contractual termination date since we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. For all awards, we grant employees stock awards at exercise prices equal to the fair value of the underlying common stock on the date the award was approved. Performance-based awards are not considered granted under the applicable accounting guidance until the performance attainment targets for each applicable tranche have been defined. We recognize the impact of forfeitures in stock-based compensation expense when they occur.
Net Income Per Share
Net (Loss) Income Per Share
We calculate basic and diluted net (loss) income per share attributable to common stockholders in conformity with the two-class method required for companies with participating securities. We compute basic net (loss) income per share available to common stockholders by dividing net (loss) income available to common stockholders by the weighted-average number of common shares outstanding during the reporting period. We compute diluted net income per share similarly to basic net income per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock using the treasury stock method.
Recently Adopted/Issued Accounting Pronouncements
Recently Adopted Accounting Pronouncements
In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which requires disclosure of incremental segment information on an annual and interim basis. The amendments also require companies with a single reportable segment to provide all disclosures required by this amendment and all existing segment disclosures in ASC 280, “Segment Reporting.” The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods beginning after December 15, 2024. We adopted this standard as of December 31, 2024. The adoption of the standard did not have a material impact on our consolidated financial statements and only impacted our disclosures. See Note 16. Operating Segments and Geographic Information for disclosures related to the adoption of this standard.
In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” (“ASU No. 2023-09”) to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The updated guidance is effective for public companies for fiscal years beginning after December 15, 2024 and early adoption is permitted. We adopted this standard as of December 31, 2025. The adoption of the standard did not have a material impact on our consolidated financial statements and only impacted our disclosures. See Note 14. Income Taxes for disclosures related to the adoption of this standard.
Recently Issued Accounting Pronouncements
In November 2024, the FASB issued ASU No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the financial statements. The updated guidance is effective for public companies for fiscal periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
In July 2025, the FASB issued ASU No. 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets,” to introduce a practical expedient for the application of the current expected credit loss model to current accounts receivable and contract assets. The updated guidance is effective for public companies for fiscal years beginning after December 15, 2025 and early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
In September 2025, the FASB issued ASU No. 2025-06, “Targeted Improvements to the Accounting for Internal-Use Software.” The updated guidance is effective for public companies for fiscal years beginning after December 15, 2027 and early adoption is permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
v3.25.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Property and Equipment
We record property and equipment at cost and depreciate them using the straight-line method over their estimated useful lives as follows:
Useful Life
(in years)
Equipment, servers and computers
3 - 5
Furniture and fixtures
5 - 7
Software
3 - 5
Leasehold improvementsLesser of lease term or useful life
Property and equipment, net, including software, consisted of the following:
December 31,
20252024
(in thousands)
Servers, equipment and computers$65,316 $61,090 
Furniture and fixtures6,277 5,919 
Software956 1,065 
Leasehold improvements22,681 23,613 
$95,230 $91,687 
Less: Accumulated depreciation and amortization(57,268)(55,525)
Property and equipment, net$37,962 $36,162 
Depreciation and amortization expense on property and equipment was as follows for the years ended December 31, 2025, 2024, and 2023:
Year Ended December 31,
202520242023
(in thousands)
Depreciation and amortization$18,358 $15,956 $15,228 
Schedule of Disaggregation of Revenue
Our revenue consists of the following:
Year Ended December 31,
202520242023
(in thousands)
Subscription revenue$506,249 $458,961 $412,072 
Other revenue5,181 7,186 9,808 
Total subscription and other revenue$511,430 $466,147 $421,880 
During the years ended December 31, 2025, 2024 and 2023, respectively, we recognized the following revenue from subscription and other services at a point in time and over time:
Year Ended December 31,
2025
2024
2023
(in thousands)
Revenue recognized at a point in time$48,358 $62,318 $56,359 
Revenue recognized over time463,072 403,829 365,521 
Total revenue recognized$511,430 $466,147 $421,880 
Schedule of Details of Total Deferred Revenue Balance
Deferred revenue activity for the years ended December 31, 2025 and 2024 was as follows:
Total Deferred Revenue
(in thousands)
Balance as of December 31, 2023
$12,813 
Deferred revenue recognized(20,977)
Additional amounts deferred35,137 
Balance as of December 31, 2024
$26,973 
Deferred revenue recognized(34,656)
Additional amounts deferred33,924 
Balance as of December 31, 2025
$26,241 
Remaining Performance Obligations for Revenue Recognition
We expect to recognize revenue related to the following remaining performance obligations as of December 31, 2025:
Revenue Recognition Expected by Period
TotalLess than 1
year		1-3 yearsMore than
3 years
(in thousands)
Expected recognition of remaining performance obligations$237,829 $178,249 $59,580 $— 
Schedule of Advertising Expense
Advertising expense was as follows for the years ended December 31, 2025, 2024, and 2023:
Year Ended December 31,
2025
2024
2023
(in thousands)
Advertising expense$14,399 $15,031 $17,311 
Changes in Accumulated Other Comprehensive Income (Loss) by Component
Changes in accumulated other comprehensive (loss) income by component are summarized below:
Foreign Currency Translation AdjustmentsAccumulated Other Comprehensive Income (Loss)
(in thousands)
Balance as of December 31, 2023$4,409 $4,409 
Other comprehensive loss before reclassification(25,504)(25,504)
Net current period other comprehensive loss(25,504)(25,504)
Balance as of December 31, 2024$(21,095)$(21,095)
Other comprehensive income before reclassification54,789 54,789 
Net current period other comprehensive income54,789 54,789 
Balance as of December 31, 2025$33,694 $33,694 
v3.25.4
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Consideration Paid And Amounts Recognized for Assets Acquired And Liabilities Assumed
The following table summarizes the amounts recognized for the assets acquired and liabilities assumed:
(in thousands)
Current liabilities, net, including cash acquired of $52
$(9,071)
Property and equipment, net182 
Non-current liabilities, net(4,754)
Identifiable intangible assets
Developed technology74,800 
Customer relationships5,400 
Trademarks300 
Goodwill160,498 
Total assets acquired, net$227,355 

The following table summarizes the total consideration for the assets acquired and liabilities assumed:

(in thousands)
Cash paid$98,760 
Settlement of pre-existing relationships(312)
Deferred consideration96,269 
Equity consideration14,678 
Consideration payable in cash or equity1,340 
Contingent consideration16,620 
Total consideration, net$227,355 
Schedule of Fair Value Of Acquired Identifiable Intangible Assets And Weighted-average Useful Life
The following table summarizes the fair value of the acquired identifiable intangible assets and weighted-average useful life by category:
Fair ValueWeighted-Average Useful Life
(in thousands)(in years)
Developed technology$74,800 5
Customer relationships5,400 3
Trademarks$300 2
Total identifiable intangible assets$80,500 
Schedule of Pro Forma Information The unaudited pro forma information reflects the effects of applying our accounting policies and a pro forma adjustment to the combined historical financial information of N-able and Adlumin, which includes transaction related costs, incremental amortization expense associated with the fair value of the acquired identifiable intangible assets, and the estimated income tax effect.
Year Ended December 31, 2024Year Ended December 31, 2023
ActualPro FormaActualPro Forma
(in thousands)
Revenue$466,147 $482,668 $421,880 $432,734 
Net income (loss)$30,958 $(3,103)$23,412 $(25,976)
v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill
The following table reflects the changes in goodwill for the years ended December 31, 2025 and 2024:
(in thousands)
Balance as of December 31, 2023$838,497 
Acquisitions160,362 
Foreign currency translation and other adjustments(21,846)
Balance as of December 31, 2024977,013 
Acquisition measurement period adjustments136 
Foreign currency translation and other adjustments47,151 
Balance as of December 31, 2025$1,024,300 
Intangible Assets
Intangible assets consisted of the following as of December 31, 2025 and 2024:
December 31, 2025December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		NetGross
Carrying
Amount		Accumulated
Amortization		Net
(in thousands)
Developed product technologies$108,728 $(47,476)$61,252 $107,165 $(29,509)$77,656 
Customer relationships97,539 (94,139)3,400 97,529 (92,318)5,211 
Trademarks1,013 (879)134 1,013 (730)283 
Total intangible assets$207,280 $(142,494)$64,786 $205,707 $(122,557)$83,150 
Intangible Asset Amortization Expense
Intangible asset amortization expense was as follows:
Year Ended December 31,
202520242023
(in thousands)
Intangible asset amortization expense$18,870 $3,798 $2,436 
Estimated Intangible Asset Amortization Expense
As of December 31, 2025, we estimate aggregate intangible asset amortization expense to be as follows:
Estimated Amortization
(in thousands)
2026$18,925 
202717,589 
202814,978 
202913,294 
Total amortization expense$64,786 
v3.25.4
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
We record property and equipment at cost and depreciate them using the straight-line method over their estimated useful lives as follows:
Useful Life
(in years)
Equipment, servers and computers
3 - 5
Furniture and fixtures
5 - 7
Software
3 - 5
Leasehold improvementsLesser of lease term or useful life
Property and equipment, net, including software, consisted of the following:
December 31,
20252024
(in thousands)
Servers, equipment and computers$65,316 $61,090 
Furniture and fixtures6,277 5,919 
Software956 1,065 
Leasehold improvements22,681 23,613 
$95,230 $91,687 
Less: Accumulated depreciation and amortization(57,268)(55,525)
Property and equipment, net$37,962 $36,162 
Depreciation and amortization expense on property and equipment was as follows for the years ended December 31, 2025, 2024, and 2023:
Year Ended December 31,
202520242023
(in thousands)
Depreciation and amortization$18,358 $15,956 $15,228 
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Operating Lease Costs
The components of operating lease costs for the years ended December 31, 2025, 2024 and 2023 were as follows:
Year Ended December 31,
202520242023
(in thousands)
Operating lease costs$7,378 $7,942 $6,804 
Variable lease costs(1)
1,588 1,154 1,120 
Short-term lease costs156 263 221 
Sublease income received(1,001)(690)(488)
Total lease costs$8,121 $8,669 $7,657 
____________
(1)     Primarily includes common area maintenance and other service charges for leases in which we pay a proportionate share of those costs as we have elected to not separate lease and non-lease components for our office leases.
Lease Liabilities
Maturities of our operating lease liabilities as of December 31, 2025 were as follows:
December 31, 2025
(in thousands)
2026$9,012 
20277,888 
20287,349 
20296,397 
20305,325 
Thereafter5,855 
Total minimum lease payments41,826 
Less: imputed interest(5,339)
Present value of operating lease liabilities$36,487 
v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets Measured on a Recurring Basis There have been no transfers between fair value measurement levels during the years ended December 31, 2025 and 2024.
Fair Value Measurements at
December 31, 2025 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(in thousands)
Assets:
Money market funds$68,205 $— $— $68,205 
Liabilities:
Contingent consideration$— $— $10,840 $10,840 
Fair Value Measurements at
December 31, 2024 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(in thousands)
Assets:
Money market funds$43,976 $— $— $43,976 
Liabilities:
Contingent consideration$— $— $14,050 $14,050 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents a summary of the changes in the fair value of our contingent consideration liabilities measured using Level 3 inputs:
(in thousands)
Balance as of December 31, 2023$3,650 
Acquisitions 16,620 
Net gain recognized(6,220)
Balance as of December 31, 2024$14,050 
Payments(5,358)
Net expense recognized2,148 
Balance as of December 31, 2025$10,840 
v3.25.4
Accrued Liabilities and Other (Tables)
 12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
Schedule of Accrued Liabilities and Other Current Liabilities
Accrued liabilities and other current liabilities were as follows:
December 31,
20252024
(in thousands)
Payroll-related accruals$28,572 $24,541 
Value-added and other tax7,857 9,314 
Purchasing accruals3,998 3,669 
Accrued interest expense2,659 2,394 
Accrued professional fees2,143 1,959 
Accrued royalties3,462 3,809 
Consideration payable in cash or equity120 1,218 
Accrued other liabilities6,945 4,153 
Total accrued liabilities and other$55,756 $51,057 
v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes information relating to our outstanding debt as of December 31, 2025 and 2024:
As of December 31, 2025As of December 31, 2024
Amount OutstandingEffective RateAmount OutstandingEffective Rate
(in thousands, except interest rates)
Term loan facility$400,000 6.59 %$338,625 7.53 %
Revolving credit facility— — %— — %
Total principal amount400,000 338,625 
Unamortized discount and debt issuance costs(6,127)(5,519)
Total debt, net393,873 333,106 
Less: Current debt obligation(4,000)(3,500)
Long-term debt, net of current portion$389,873 $329,606 
Schedule of Future Minimum Principal Payments of Debt
The following table summarizes the future minimum principal payments under Credit Agreement as of December 31, 2025:
(in thousands)
2026$4,000 
20274,000 
20284,000 
20294,000 
20304,000 
Thereafter380,000 
Total minimum principal payments$400,000 
v3.25.4
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense for the years ended December 31, 2025, 2024 and 2023 was $46.6 million, $45.4 million and $43.6 million, respectively, as summarized below:
Year Ended December 31,
2025
2024
2023
(in thousands)
Cost of revenue$1,687 $1,576 $1,348 
Sales and marketing16,301 14,938 14,706 
Research and development11,150 10,156 8,560 
General and administrative17,455 18,681 18,956 
Total stock-based compensation expense$46,593 $45,351 $43,570 

The impact to our income before income taxes due to stock-based compensation expense and the related income tax benefits were as follows:
Year Ended December 31,
202520242023
(in thousands)
Impact to income before income taxes due to stock-based compensation$46,593 $45,351 $43,570 
Income tax benefit related to stock-based compensation2,099 1,528 1,334 
Schedule of Option Grant Activity
Stock option grant activity under the 2021 Plan was as follows during the year ended December 31, 2025:
Number of
Shares
Outstanding		Weighted-
Average
Exercise
Price		Aggregate
Intrinsic
Value
(in thousands)		Weighted-
Average
Remaining
Contractual
Term
(in years)
Outstanding balances as of December 31, 2024
47,903 $0.60 
Options exercised(6,580)0.34 
Outstanding balances as of December 31, 2025
41,323 $0.64 
Options exercisable as of December 31, 2025
41,323 $0.64 $283 1.1
Options vested and expected to vest as of December 31, 2025
41,323 $0.64 $283 1.1
Schedule of Stock Option Valuation Assumptions
For stock option awards granted during the year ended December 31, 2021, we estimated the fair value at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:
Year Ended December 31,
2021
Expected dividend yield— %
Volatility 45.5 %
Risk-free rate of return0.5 %
Expected life3.47 years
Schedule of Restricted Stock Unit Activity
The following table summarizes information about RSU activity under the 2021 Plan during the year ended December 31, 2025:
Number of
Units
Outstanding		Weighted-Average Grant Date Fair Value Per ShareAggregate Intrinsic Value
(in thousands)		Weighted-Average Remaining Contractual Term
(in years)
Unvested balances as of December 31, 2024
6,646,030 $12.19 $62,074 1.2
Restricted stock units granted4,852,914 9.71 
Restricted stock units vested (3,260,270)12.17 
Restricted stock units forfeited (960,254)11.09 
Unvested balances as of December 31, 2025
7,278,420 $10.69 $54,443 1.2
Schedule of Performance Stock Unit Activity
The following table summarizes information about PSU activity under the 2021 Plan during the year ended December 31, 2025:
Number of
Units
Outstanding		Weighted-Average Grant Date Fair Value Per ShareAggregate Intrinsic Value
(in thousands)		Weighted-Average Remaining Contractual Term
(in years)
Unvested balances as of December 31, 2024
1,612,395 $11.84 $15,060 0.8
Performance stock units granted1,535,443 8.93 
Performance stock units vested (721,464)11.39 
Performance stock units forfeited(363,854)12.28 
Unvested balances as of December 31, 2025
2,062,520 $9.75 $15,428 0.9
v3.25.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Shares in the Calculation of Basic and Diluted Income Per Share
A reconciliation of the number of shares in the calculation of basic and diluted earnings per share follows:
Year Ended December 31,
202520242023
(in thousands)
Basic earnings per share:
Numerator:
Net (loss) income$(17,032)$30,958 $23,412 
Denominator:
Weighted-average common shares outstanding used in computing basic earnings per share187,819 185,277 182,371 
Basic earnings per share$(0.09)$0.17 $0.13 
Diluted earnings per share:
Numerator:
Net (loss) income$(17,032)$30,958 $23,412 
Denominator:
Weighted-average shares used in computing basic earnings per share187,819 185,277 182,371 
Add dilutive impact of employee equity plans— 3,149 3,609 
Weighted-average shares used in computing diluted earnings per share187,819 188,426 185,980 
Diluted earnings per share$(0.09)$0.16 $0.13 
Schedule of Weighted Average Outstanding Shares of Common Stock Equivalents Excluded
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive or for which the performance condition had not been met at the end of the period:
Year Ended December 31,
20242023
(in thousands)
Restricted stock units19 30 
Total anti-dilutive shares19 30 
v3.25.4
Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Costs of Retirement Plans Our expense related to the 401(k) plan was as follows:
Year Ended December 31,
202520242023
(in thousands)
401(k) plan expense
$2,563 $1,886 $1,855 
Schedule of Pension Plans Our expense related to the pension plans was as follows:
Year Ended December 31,
202520242023
(in thousands)
Defined contribution plan expense$4,916 $4,843 $3,963 
Defined benefit plan expense882 644 147 
Total pension plan expense$5,798 $5,487 $4,110 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Before Income Taxes
U.S. and international components of income before income taxes were as follows:
Year Ended December 31,
202520242023
(in thousands)
U.S.$(55,495)$(37,160)$(26,289)
International57,886 91,430 70,615 
Income before income taxes$2,391 $54,270 $44,326 
Schedule of Income Tax Expense
Income tax expense was composed of the following:
Year Ended December 31,
202520242023
(in thousands)
Current:
Federal$— $682 $— 
State375 250 250 
International22,636 24,958 21,152 
23,011 25,890 21,402 
Deferred:
Federal— (1,561)— 
State(3)— — 
International(3,585)(1,017)(488)
(3,588)(2,578)(488)
Income tax expense$19,423 $23,312 $20,914 
Schedule of Effective Income Tax Rate Reconciliation
The difference between the income tax expense (benefit) derived by applying the federal statutory income tax rate to our income before income taxes and the amount recognized in our Consolidated Financial Statements is as follows for the year ended December 31, 2025:
Year Ended December 31, 2025
(in thousands, except percentages)
Income before income taxes$2,391 
Income Tax ExpenseAs a Percentage of Income Before Taxes
U.S. - Federal:$502 21.0 %
Nontaxable and Nondeductible Items:
     Nondeductible executive compensation2,154 90.1 %
     Nondeductible legal and transaction costs2,317 96.9 %
     Prior period adjustments125 5.2 %
     Other nondeductible expense220 9.2 %
Share-Based Payment Awards:1,019 42.6 %
Cross-Border Tax Laws:
Global intangible low-taxed income405 16.9 %
Changes in Valuation Allowance:5,485 229.4 %
U.S. - State and Local Income Taxes, Net of Federal Effect (1):
250 10.5 %
Foreign Tax Effects:
Canada
     Statutory income tax rate differential632 26.4 %
     Nondeductible share-based payment awards2,014 84.2 %
     Research credits(550)(23.0)%
Prior period adjustments321 13.4 %
     Other73 3.1 %
Netherlands
     Statutory income tax rate differential1,270 53.1 %
     Nondeductible share-based payment awards337 14.1 %
Prior period adjustments(1,324)(55.4)%
     Changes in valuation allowance500 20.9 %
     Other18 0.8 %
United Kingdom
     Statutory income tax rate differential537 22.5 %
Nondeductible share-based payment awards408 17.1 %
     Nondeductible license fee657 27.5 %
Prior period adjustments861 36.0 %
     Other249 10.4 %
Other Foreign Jurisdictions
Statutory income tax rate differential160 6.7 %
Nondeductible share-based payment awards179 7.5 %
Prior period adjustments360 15.1 %
Other244 10.2 %
Income Tax Expense$19,423 812.3 %
_____________________
(1) State taxes in Massachusetts, New Jersey, and California made up the majority (greater than 50 percent) of the tax effect in this category in 2025.
The difference between the income tax expense (benefit) derived by applying the federal statutory income tax rate to our income before income taxes and the amount recognized in our Consolidated Financial Statements is as follows for the years ended December 31, 2024 and 2023:
Year Ended December 31,
20242023
(in thousands)
Expense derived by applying the federal statutory income tax rate to income before income taxes$11,396 $9,308 
State taxes, net of federal benefit250 250 
Research and experimentation tax credits(550)— 
Global intangible low-taxed income— (49)
Withholding tax— 79 
Transaction costs1,024 399 
Non-taxable change in contingent consideration liability(1,480)— 
Non-deductible executive compensation3,155 2,099 
Valuation allowance for deferred tax assets3,737 2,867 
Stock-based compensation1,301 2,569 
Meals and entertainment328 224 
Effect of foreign operations4,317 2,328 
Other(166)840 
Income tax expense$23,312 $20,914 
Schedule of Components of Net Deferred Tax Amounts
The components of the net deferred tax amounts recognized in the accompanying Consolidated Balance Sheets were:
December 31,
20252024
(in thousands)
Deferred tax assets:
Allowance for doubtful accounts$1,187 $392 
Accrued expenses76 17 
Net operating loss18,159 14,763 
Stock-based compensation4,206 3,876 
Interest expense9,046 4,292 
Deferred revenue162 635 
Capitalized research and development expense30 2,599 
Leases788 782 
Other credits240 22 
Total deferred tax assets33,894 27,378 
Valuation allowance(14,049)(7,764)
Deferred tax assets, net of valuation allowance19,845 19,614 
Deferred tax liabilities:
Property and equipment1,880 1,578 
Prepaid expenses1,161 983 
Leases1,461 1,271 
Unrealized exchange loss12 36 
Intangibles12,766 17,168 
Total deferred tax liabilities17,280 21,036 
Net deferred tax asset (liability)$2,565 $(1,422)
Schedule of Income Tax Paid
Total cash paid for income taxes, net of refunds, is as follows for the year ended December 31, 2025:
Year Ended December 31, 2025
(in thousands, except percentages)
Payments$19,455 108 %
Refunds(1,391)
Total payments, net of refunds$18,064 
As a Percentage of Total Payments, Net of Refunds
U.S. payments, net of refunds$74 0.4 %
Foreign payments, net of refunds
Canada$2,498 13.8 %
Netherlands6,605 36.6 %
United Kingdom7,650 42.3 %
Other1,237 6.8 %
$17,990 99.6 %
Total payments, net of refunds$18,064 100.0 %
v3.25.4
Operating Segments and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Revenue by Geographic Area The following tables set forth revenue by geographic area:
Year Ended December 31,
202520242023
(in thousands)
Revenue
United States, country of domicile$253,877 $224,514 $205,836 
United Kingdom52,198 48,730 43,196 
All other international205,355 192,903 172,848 
Total revenue$511,430 $466,147 $421,880 

Other than the United States, Switzerland, and United Kingdom, no single country accounted for 10% or more of our total net long-lived assets as of December 31, 2025 and 2024, respectively. The following tables set forth net long-lived assets by geographic area:
Schedule of Long-lived Assets by Geographic Area
December 31,
20252024
(in thousands)
Long-lived assets, net
United States, country of domicile$11,686 $11,032 
Switzerland12,264 14,998 
United Kingdom5,724 2,668 
All other international8,288 7,464 
Total long-lived assets, net$37,962 $36,162 
v3.25.4
Summary of Significant Accounting Policies - Other Narrative (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
segment
shares
Dec. 31, 2024
USD ($)
shares
Dec. 31, 2023
USD ($)
Dec. 31, 2021
shares
Accounting Policies [Abstract]        
Number of reportable segments | segment 1      
Unrealized net transaction gains (losses) related to remeasurement $ 300 $ (2,600) $ 900  
Provision for doubtful accounts 4,100 900 1,200  
Amortization of debt issuance costs and discounts 3,300 1,600 $ 1,600  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Acquisitions   160,362    
Money market funds        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Money market funds $ 68,205 $ 43,976    
Stock options to purchase common stock        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock units granted (in shares) | shares 0 224,638   0
Restricted Stock        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock units granted (in shares) | shares   91,477    
Restricted Stock Units (RSUs)        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock units granted (in shares) | shares 4,852,914      
Restricted Stock Units (RSUs) | 2021 Equity Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock units granted (in shares) | shares   2,207,824    
v3.25.4
Summary of Significant Accounting Policies - Acquisitions (Details)
Dec. 31, 2025
Minimum  
Finite-Lived Intangible Assets [Line Items]  
Estimated useful life 2 years
Maximum  
Finite-Lived Intangible Assets [Line Items]  
Estimated useful life 7 years
v3.25.4
Summary of Significant Accounting Policies - Property and Equipment (Details)
Dec. 31, 2025
Minimum | Equipment, servers and computers  
Property, Plant and Equipment [Line Items]  
Useful life 3 years
Minimum | Furniture and fixtures  
Property, Plant and Equipment [Line Items]  
Useful life 5 years
Minimum | Software  
Property, Plant and Equipment [Line Items]  
Useful life 3 years
Maximum | Equipment, servers and computers  
Property, Plant and Equipment [Line Items]  
Useful life 5 years
Maximum | Furniture and fixtures  
Property, Plant and Equipment [Line Items]  
Useful life 7 years
Maximum | Software  
Property, Plant and Equipment [Line Items]  
Useful life 5 years
v3.25.4
Summary of Significant Accounting Policies - Internal-Use Software Costs (Details)
 3 Months Ended 12 Months Ended
Dec. 14, 2022
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
milestone
Asset Acquisition [Line Items]          
Internal-use software useful life     3 years    
Impairments to internal-use software     $ 400,000 $ 0 $ 0
Payments for debt issuance costs   $ 5,400,000 57,073,000 1,000,000 $ 1,450,000
Number of milestones achieved | milestone         2
Capitalized internal-use software, net     24,200,000 18,800,000  
Capitalized internal-use software and website development costs     6,900,000 5,300,000 $ 3,400,000
Intellectual Property Acquisition          
Asset Acquisition [Line Items]          
Internal-use software useful life 3 years        
Asset acquisition, consideration transferred $ 6,500,000        
Payments for asset acquisition 3,100,000        
Product delivery fees 1,000,000.0        
Contingent consideration $ 2,500,000        
Payments for debt issuance costs       1,000,000.0 1,500,000
Contingent consideration liability, current     0 0  
Gain (loss) on contingent consideration     $ 0 $ 0 $ 0
v3.25.4
Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]      
Subscription and other revenue $ 511,430 $ 466,147 $ 421,880
Revenue recognized at a point in time      
Disaggregation of Revenue [Line Items]      
Subscription and other revenue 48,358 62,318 56,359
Revenue recognized over time      
Disaggregation of Revenue [Line Items]      
Subscription and other revenue 463,072 403,829 365,521
Subscription Revenue      
Disaggregation of Revenue [Line Items]      
Subscription and other revenue 506,249 458,961 412,072
Other Revenue      
Disaggregation of Revenue [Line Items]      
Subscription and other revenue $ 5,181 $ 7,186 $ 9,808
v3.25.4
Summary of Significant Accounting Policies - Schedule of Details of Total Deferred Revenue Balance (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
Revenue, advance billing period 12 months  
Change In Contract With Customer, Liability [Roll Forward]    
Beginning balance $ 26,973 $ 12,813
Deferred revenue recognized (34,656) (20,977)
Additional amounts deferred 33,924 35,137
Ending balance $ 26,241 $ 26,973
v3.25.4
Summary of Significant Accounting Policies - Contract Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
Current contract assets $ 19,528 $ 12,786
Noncurrent contract assets $ 2,400 $ 3,700
v3.25.4
Summary of Significant Accounting Policies - Capitalized Commissions Activity (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
Capitalized contract cost, net, current $ 2,700 $ 1,700
Capitalized contract cost, net, noncurrent 2,300 2,000
Capitalized contract cost, amortization $ 1,900 $ 400
v3.25.4
Summary of Significant Accounting Policies - Expected Recognition of Deferred Revenue (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Expected recognition of deferred revenue $ 237,829
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Expected recognition of deferred revenue $ 178,249
Deferred revenue, remaining performance obligation, period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Expected recognition of deferred revenue $ 59,580
Deferred revenue, remaining performance obligation, period 2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Expected recognition of deferred revenue $ 0
Deferred revenue, remaining performance obligation, period
v3.25.4
Summary of Significant Accounting Policies - Cost of Revenue (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]      
Amortization of acquired technologies $ 16,874 $ 3,520 $ 1,839
v3.25.4
Summary of Significant Accounting Policies - Schedule of Advertising Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]      
Advertising expense $ 14,399 $ 15,031 $ 17,311
v3.25.4
Summary of Significant Accounting Policies - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Balance at beginning of period $ 759,288 $ 711,360 $ 642,071
Other comprehensive income (loss) before reclassification 54,789 (25,504)  
Other comprehensive income (loss) 54,789 (25,504) 12,224
Balance at end of period 804,655 759,288 711,360
Foreign Currency Translation Adjustments      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Balance at beginning of period (21,095) 4,409  
Other comprehensive income (loss) before reclassification 54,789 (25,504)  
Other comprehensive income (loss) 54,789 (25,504)  
Balance at end of period 33,694 (21,095) 4,409
Accumulated Other Comprehensive Income (Loss)      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Balance at beginning of period (21,095) 4,409 (7,815)
Balance at end of period $ 33,694 $ (21,095) $ 4,409
v3.25.4
Summary of Significant Accounting Policies - Estimated the Fair Value for Stock Options (Details)
 12 Months Ended
Dec. 31, 2025
Stock Options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Expected dividend yield 0.00%
v3.25.4
Acquisitions - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Jun. 30, 2025
Nov. 20, 2024
Jul. 01, 2022
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Business Combination [Line Items]                    
Increase in goodwill             $ 136      
Contingent consideration       $ 10,840     10,840 $ 14,050    
Change in contingent liability             2,148 (6,281) $ (1,443)  
Payments for debt issuance costs         $ 5,400   57,073 1,000 1,450  
Adlumin, Inc.                    
Business Combination [Line Items]                    
Contingent consideration   $ 98,700                
Issuance of common stock shares   1,570,762                
Additional payments $ 120,000 $ 120,000                
Contingent consideration maximum   30,000   15,000     15,000      
Acquisition related costs               2,900    
Increase in goodwill             (100)      
Deferred consideration   120,000                
Contingent consideration deferred   96,300   60,700     60,700 98,100    
Contingent consideration deferred, net of payments       51,700     51,700      
Change in amount of contingent consideration, deferred             14,300 1,800    
Contingent consideration   16,620   10,800     10,800 14,100    
Change in contingent liability             (2,100) (2,600)    
Total consideration   227,355                
Adlumin, Inc. | First anniversary                    
Business Combination [Line Items]                    
Additional payments 45,500 52,500   6,200            
Deferred consideration   7,000                
Adlumin, Inc. | Second anniversary                    
Business Combination [Line Items]                    
Additional payments $ 59,700 67,500                
Deferred consideration   $ 7,800                
Spinpanel BV                    
Business Combination [Line Items]                    
Contingent consideration maximum     $ 10,000              
Increase in goodwill           $ 1,600        
Contingent consideration       $ 0     $ 0 0    
Change in contingent liability               $ 3,700 $ 1,400  
Payments to acquire businesses, gross     $ 20,000              
Total consideration                   $ 14,400
v3.25.4
Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 20, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jul. 01, 2022
Business Combination [Line Items]          
Goodwill   $ 1,024,300 $ 977,013 $ 838,497  
Cash paid   0 98,694 $ 0  
Consideration payable in cash or equity   120 1,218    
Contingent consideration   10,840 14,050    
Adlumin, Inc.          
Business Combination [Line Items]          
Current liabilities, net, including cash acquired of $52 $ (9,071)        
Cash acquired         $ 52
Property and equipment, net 182        
Non-current liabilities, net (4,754)        
Identifiable intangible assets 80,500        
Goodwill 160,498        
Total consideration 227,355        
Cash paid 98,760        
Settlement of pre-existing relationships (312)        
Deferred consideration 96,269        
Consideration payable in cash or equity 14,678        
Consideration payable in cash or equity 1,340        
Contingent consideration 16,620 $ 10,800 $ 14,100    
Total consideration, net 227,355        
Adlumin, Inc. | Developed product technologies          
Business Combination [Line Items]          
Identifiable intangible assets $ 74,800        
Weighted-average useful life 5 years        
Adlumin, Inc. | Customer relationships          
Business Combination [Line Items]          
Identifiable intangible assets $ 5,400        
Weighted-average useful life 3 years        
Adlumin, Inc. | Trademarks          
Business Combination [Line Items]          
Identifiable intangible assets $ 300        
Weighted-average useful life 2 years        
v3.25.4
Acquisitions - Summary of Pro Forma Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]      
Revenue   $ 482,668 $ 432,734
Net income (loss)   (3,103) (25,976)
Subscription and other revenue $ 511,430 466,147 421,880
Net income $ (17,032) $ 30,958 $ 23,412
v3.25.4
Goodwill and Intangible Assets - Changes in Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]    
Balance at beginning of period $ 977,013 $ 838,497
Acquisitions   160,362
Acquisition measurement period adjustments 136  
Foreign currency translation and other adjustments 47,151 (21,846)
Balance at end of period $ 1,024,300 $ 977,013
v3.25.4
Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 207,280 $ 205,707
Accumulated Amortization (142,494) (122,557)
Net 64,786 83,150
Developed product technologies    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 108,728 107,165
Accumulated Amortization (47,476) (29,509)
Net 61,252 77,656
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 97,539 97,529
Accumulated Amortization (94,139) (92,318)
Net 3,400 5,211
Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 1,013 1,013
Accumulated Amortization (879) (730)
Net $ 134 $ 283
v3.25.4
Goodwill and Intangible Assets - Intangible Assets Amortization Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]      
Intangible asset amortization expense $ 18,870 $ 3,798 $ 2,436
v3.25.4
Goodwill and Intangible Assets - Estimated Intangible Asset Amortization Expense (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Estimated Amortization    
2026 $ 18,925  
2027 17,589  
2028 14,978  
2029 13,294  
Net $ 64,786 $ 83,150
v3.25.4
Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 95,230 $ 91,687
Less: Accumulated depreciation and amortization (57,268) (55,525)
Property and equipment, net 37,962 36,162
Servers, equipment and computers    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 65,316 61,090
Furniture and fixtures    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 6,277 5,919
Software    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 956 1,065
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 22,681 $ 23,613
v3.25.4
Property and Equipment - Schedule of Depreciation and Amortization (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Abstract]      
Depreciation and amortization $ 18,358 $ 15,956 $ 15,228
v3.25.4
Leases - Narrative (Details)
Dec. 31, 2025
Property, Plant and Equipment [Line Items]  
Remaining lease term (in years) 5 years 3 months 18 days
Weighted-average discount rate of lease liabilities (as a percent) 5.50%
Minimum  
Property, Plant and Equipment [Line Items]  
Operating lease terms (in years) 1 year
Maximum  
Property, Plant and Equipment [Line Items]  
Operating lease terms (in years) 6 years 4 months 24 days
v3.25.4
Leases - Operating Lease Costs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease costs $ 7,378 $ 7,942 $ 6,804
Variable lease costs 1,588 1,154 1,120
Short-term lease costs 156 263 221
Sublease income received (1,001) (690) (488)
Total lease costs $ 8,121 $ 8,669 $ 7,657
v3.25.4
Leases - Lease Liabilities (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Leases [Abstract]  
2026 $ 9,012
2027 7,888
2028 7,349
2029 6,397
2030 5,325
Thereafter 5,855
Total minimum lease payments 41,826
Less: imputed interest (5,339)
Present value of operating lease liabilities $ 36,487
v3.25.4
Fair Value Measurements - Schedule of Fair Value of Financial Assets Measured on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Contingent consideration $ 10,840 $ 14,050
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Contingent consideration 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Contingent consideration 0 0
Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Contingent consideration 10,840 14,050
Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 68,205 43,976
Money market funds | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 68,205 43,976
Money market funds | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 0 0
Money market funds | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds $ 0 $ 0
v3.25.4
Fair Value Measurements - Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List Not Disclosed Flag   Net gain recognized
Significant Unobservable Inputs (Level 3)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance $ 14,050 $ 3,650
Acquisitions   16,620
Net gain/expense recognized 2,148 6,220
Payments (5,358)  
Ending Balance $ 10,840 $ 14,050
v3.25.4
Accrued Liabilities and Other - Schedule of Accrued Liabilities and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Payables and Accruals [Abstract]    
Payroll-related accruals $ 28,572 $ 24,541
Value-added and other tax 7,857 9,314
Purchasing accruals 3,998 3,669
Accrued interest expense 2,659 2,394
Accrued professional fees 2,143 1,959
Accrued royalties 3,462 3,809
Consideration payable in cash or equity 120 1,218
Accrued other liabilities 6,945 4,153
Total accrued liabilities and other $ 55,756 $ 51,057
v3.25.4
Debt - Narrative (Details)
 12 Months Ended
Jul. 19, 2021
USD ($)
Dec. 31, 2025
USD ($)
Nov. 26, 2025
USD ($)
Nov. 25, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]          
Unamortized discount and debt issuance costs   $ (6,127,000)     $ (5,519,000)
Credit Agreement          
Debt Instrument [Line Items]          
Maximum borrowing capacity $ 410,000,000.0        
Unamortized discount and debt issuance costs     $ 4,100,000    
Interest expense including debt issuance costs   1,300,000      
Deferred cost   $ 2,800,000      
Credit Agreement | Secured Debt          
Debt Instrument [Line Items]          
Face amount of debt 350,000,000.0        
Payments of line of credit proceeds to former parent 16,500,000        
Quarterly periodic payment, as a percentage of original principal   0.25%      
Credit Agreement | Revolving Credit Facility | Line of Credit          
Debt Instrument [Line Items]          
Maximum borrowing capacity $ 60,000,000.0   60,000,000.0    
Covenant, leverage ratio, maximum   7.50      
Commitment fee percentage   0.375%      
Covenant, commitment fee percentage, net leverage ratio, reduction per annum   0.25%      
Covenant, borrowing percentage of commitments, maximum   40.00%      
Credit Agreement. Amendment No. 2          
Debt Instrument [Line Items]          
Unamortized discount and debt issuance costs   $ 6,000,000.0      
Interest expense including debt issuance costs   1,900,000      
Deferred cost   $ 4,100,000      
Credit Agreement. Amendment No. 2 | Secured Debt          
Debt Instrument [Line Items]          
Basis spread on variable rate   2.75%      
Credit Agreement. Amendment No. 2 | Secured Debt | LIBOR          
Debt Instrument [Line Items]          
Variable rate, floor   0.00%      
Credit Agreement. Amendment No. 2 | Revolving Credit Facility | Line of Credit          
Debt Instrument [Line Items]          
Margin is subject to reductions based on our first lien net leverage ratio, percentage   2.50%      
Covenant, leverage ratio, maximum   2.50      
Covenant, leverage ratio, minimum   1.65      
Debt Instrument, Margin Increase Based On Net Leverage Ratio   2.75%      
Credit Agreement. Amendment No. 2 | Revolving Credit Facility | Line of Credit | LIBOR          
Debt Instrument [Line Items]          
Variable rate, floor   0.00%      
Basis spread on variable rate   2.50%      
Credit Agreement. Amendment No. 2 | Revolving Credit Facility | Line of Credit | Eurodollar          
Debt Instrument [Line Items]          
Variable rate, floor   0.00%      
Credit Agreement. Amendment No. 2 | Revolving Credit Facility | Term Loan          
Debt Instrument [Line Items]          
Maximum borrowing capacity     $ 400,000,000.0 $ 336,000,000.0  
v3.25.4
Debt - Schedule of Debt (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Nov. 26, 2025
Dec. 31, 2024
Debt Instruments [Abstract]      
Total principal amount $ 400,000   $ 338,625
Unamortized discount and debt issuance costs (6,127)   (5,519)
Total debt, net 393,873   333,106
Less: Current debt obligation (4,000)   (3,500)
Long-term debt, net of current portion 389,873   329,606
Credit Agreement      
Debt Instruments [Abstract]      
Unamortized discount and debt issuance costs   $ 4,100  
Credit Agreement | Secured Debt      
Debt Instruments [Abstract]      
Total principal amount $ 400,000   $ 338,625
Effective Rate 6.59%   7.53%
Credit Agreement | Line of Credit | Revolving Credit Facility      
Debt Instruments [Abstract]      
Total principal amount $ 0   $ 0
Effective Rate 0.00%   0.00%
v3.25.4
Debt - Schedule of Future Minimum Principal Payments of Debt (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Long-term Debt, Fiscal Year Maturity [Abstract]    
Total minimum principal payments $ 400,000 $ 338,625
Credit Agreement    
Long-term Debt, Fiscal Year Maturity [Abstract]    
Thereafter 380,000  
Credit Agreement | Secured Debt    
Long-term Debt, Fiscal Year Maturity [Abstract]    
2026 4,000  
2027 4,000  
2028 4,000  
2029 4,000  
2030 4,000  
Total minimum principal payments $ 400,000 $ 338,625
v3.25.4
Stock-Based Compensation - Narrative (Details)
 1 Months Ended 12 Months Ended
Aug. 31, 2021
USD ($)
shares
Aug. 31, 2021
shares
Dec. 31, 2025
USD ($)
vote
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2021
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Common stock, authorized (in shares)     550,000,000 550,000,000    
Common stock, par value (in dollars per share) | $ / shares     $ 0.001 $ 0.001    
Preferred stock, authorized (in shares)     50,000,000 50,000,000    
Preferred stock, par value (in dollars per share) | $ / shares     $ 0.001 $ 0.001    
Number of votes per share | vote     1      
Stock options outstanding (in shares)     41,323 47,903    
Stock units vested (in shares)         0  
Stock-based compensation expense | $     $ 46,593,000 $ 45,351,000 $ 43,570,000  
Stock-based compensation expense subject to future recognition | $     $ 0      
Stock Options            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock units granted (in shares)     0 224,638   0
Unvested stock options outstanding (in shares)     0      
Restricted Stock            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock units granted (in shares)       91,477    
Stock-based compensation expense | $         0  
Restricted Stock Units (RSUs)            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Awards outstanding (in shares)     7,278,420 6,646,030    
Stock units granted (in shares)     4,852,914      
Stock units vested (in shares)     3,260,270      
Stock-based compensation expense | $     $ 9,700,000      
Fair value of restricted stock units vested | $     28,200,000      
Compensation expense not yet recognized | $     $ 64,400,000      
Recognition period of stock-based compensation expense     2 years 6 months      
Performance Stock Units            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Awards outstanding (in shares)     2,062,520 1,612,395    
Stock units granted (in shares)     1,535,443      
Stock units vested (in shares)     721,464      
Stock-based compensation expense | $     $ 5,200,000      
Fair value of restricted stock units vested | $     7,200,000      
Fair value of restricted stock units adjustments | $     0      
Compensation expense not yet recognized | $     $ 6,600,000      
Recognition period of stock-based compensation expense     10 months 24 days      
ESPP            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Common stock, capital shares reserved for future issuance (in shares) 2,500,000 2,500,000 1,636,689      
Stock-based compensation expense | $     $ 800,000 $ 700,000 $ 600,000  
Maximum stock purchase, percentage of compensation 20.00% 20.00%        
Offering period length 6 months          
Purchase price of common stock, percent of market value 85.00%          
Maximum value of common stock purchase, per year | $ $ 25,000          
2021 Equity Incentive Plan            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Common stock, capital shares reserved for future issuance (in shares)     18,200,707      
Expiration period   10 years        
Awards outstanding (in shares)     9,382,263      
2021 Equity Incentive Plan | Restricted Stock Units (RSUs)            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Vesting period   4 years        
Stock units granted (in shares)       2,207,824    
2021 Equity Incentive Plan | Performance Stock Units            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Vesting period   3 years        
v3.25.4
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense $ 46,593 $ 45,351 $ 43,570
Income tax benefit related to stock-based compensation 2,099 1,528 1,334
Cost of revenue      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 1,687 1,576 1,348
Sales and marketing      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 16,301 14,938 14,706
Research and development      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 11,150 10,156 8,560
General and administrative      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 17,455 18,681 18,956
Operating Expense      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense $ 46,593 $ 45,351 $ 43,570
v3.25.4
Stock-Based Compensation - Schedule of Stock Option Awards (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Number of Shares Outstanding  
Outstanding balances at beginning of period (in shares) | shares 47,903
Options exercised (in shares) | shares (6,580)
Outstanding balances at end of period (in shares) | shares 41,323
Options exercisable at end of period (in shares) | shares 41,323
Options vested and expected to vest at end of period (in shares) | shares 41,323
Weighted- Average Exercise Price  
Outstanding balances at beginning of period (in dollars per share) | $ / shares $ 0.60
Options exercised (in dollars per share) | $ / shares 0.34
Outstanding balances at the end of period (in dollars per share) | $ / shares 0.64
Options exercisable at end of period (in dollars per share) | $ / shares 0.64
Options vested and expected to vest at end of period (in dollars per share) | $ / shares $ 0.64
Options exercisable as of December 31, 2025 | $ $ 283
Options exercisable as of December 31, 2025 1 year 1 month 6 days
Options vested and expected to vest as of December 31, 2025 | $ $ 283
Options vested and expected to vest as of December 31, 2025 1 year 1 month 6 days
v3.25.4
Stock-Based Compensation - Schedule of Fair Value of Stock Options (Details) - Stock options to purchase common stock
 12 Months Ended
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Expected dividend yield 0.00%
Volatility 45.50%
Risk-free rate of return 0.50%
Expected life 3 years 5 months 19 days
v3.25.4
Stock-Based Compensation - Schedule of Restricted Stock Unit Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Number of Units Outstanding      
Restricted stock vested (in shares)     0
Restricted Stock Units (RSUs)      
Number of Units Outstanding      
Unvested balances at beginning of period (in shares) 6,646,030    
Stock units granted (in shares) 4,852,914    
Restricted stock vested (in shares) (3,260,270)    
Stock units forfeited (in shares) (960,254)    
Unvested balances at end of period (in shares) 7,278,420 6,646,030  
Weighted-Average Grant Date Fair Value Per Share      
Unvested balances at beginning of period (in dollars per share) $ 12.19    
Stock units granted (in dollars per share) 9.71    
Stock units vested (in dollars per share) 12.17    
Stock units forfeited (in dollars per share) 11.09    
Unvested balances at end of period (in dollars per share) $ 10.69 $ 12.19  
Aggregate Intrinsic Value      
Aggregate intrinsic value, nonvested $ 54,443 $ 62,074  
Weighted-Average Remaining Contractual Term (in years)      
Weighted average remaining contractual period, outstanding 1 year 2 months 12 days 1 year 2 months 12 days  
v3.25.4
Stock-Based Compensation - Schedule of Performance Stock Unit Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Number of Units Outstanding      
Stock units vested (in shares)     0
Performance Stock Units      
Number of Units Outstanding      
Unvested balances at beginning of period (in shares) 1,612,395    
Stock units granted (in shares) 1,535,443    
Stock units vested (in shares) (721,464)    
Stock units forfeited (in shares) (363,854)    
Unvested balances at end of period (in shares) 2,062,520 1,612,395  
Weighted-Average Grant Date Fair Value Per Share      
Unvested balances at beginning of period (in dollars per share) $ 11.84    
Stock units granted (in dollars per share) 8.93    
Stock units vested (in dollars per share) 11.39    
Stock units forfeited (in dollars per share) 12.28    
Unvested balances at end of period (in dollars per share) $ 9.75 $ 11.84  
Aggregate Intrinsic Value      
Aggregate intrinsic value, nonvested $ 15,428 $ 15,060  
Weighted-Average Remaining Contractual Term (in years)      
Weighted average remaining contractual period, outstanding 10 months 24 days 9 months 18 days  
v3.25.4
Earnings Per Share - Schedule of Reconciliation of Shares in the Calculation of Basic and Diluted Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator:      
Net (loss) income $ (17,032) $ 30,958 $ 23,412
Shares used in computation of basic earnings per share (in shares) 187,819 185,277 182,371
Basic earnings per share (in dollars per share) $ (0.09) $ 0.17 $ 0.13
Diluted earnings per share:      
Net (loss) income $ (17,032) $ 30,958 $ 23,412
Weighted-average shares used in computing basic earnings per share (in shares) 187,819 185,277 182,371
Add dilutive impact of employee equity plans (in shares) 0 3,149 3,609
Weighted-average shares used in computing diluted earnings (loss) per share (in shares) 187,819 188,426 185,980
Diluted earnings per share (in dollars per share) $ (0.09) $ 0.16 $ 0.13
v3.25.4
Earnings Per Share - Schedule of Weighted Average Outstanding Shares of Common Stock Equivalents Excluded (Details) - shares
shares in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total anti-dilutive shares (in shares) 19 30
Restricted stock units    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total anti-dilutive shares (in shares) 19 30
v3.25.4
Employee Benefit Plans - Schedule of Costs of Retirement Plans (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Retirement Benefits [Abstract]      
401(k) plan expense $ 2,563 $ 1,886 $ 1,855
v3.25.4
Employee Benefit Plans - Schedule of Pension Plans (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Defined contribution plan expense $ 2,563 $ 1,886 $ 1,855
Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Defined contribution plan expense 4,916 4,843 3,963
Defined benefit plan expense 882 644 147
Total pension plan expense $ 5,798 $ 5,487 $ 4,110
v3.25.4
Relationship with Parent and Related Entities - (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Related Party Transaction [Line Items]      
Initial term 2 years    
Renewal term 2 years    
Revenue $ 511,430,000 $ 466,147,000 $ 421,880,000
Operating expenses 357,587,000 303,098,000 283,353,000
Accounts receivable 50,342,000 44,909,000  
Related Party      
Related Party Transaction [Line Items]      
Related party transaction, purchases from related party 200,000    
Related party transaction, amounts of transaction $ 100,000    
Related Party | Minimum | Equity-Based Incentive Plan      
Related Party Transaction [Line Items]      
Vesting period 1 year    
Related Party | Maximum | Equity-Based Incentive Plan      
Related Party Transaction [Line Items]      
Vesting period 5 years    
Related Party | SolarWinds Holdings, Inc.      
Related Party Transaction [Line Items]      
Accounts payable   0  
Accounts receivable $ 0    
Related Party | SolarWinds Holdings, Inc. | Tax Matters Agreement      
Related Party Transaction [Line Items]      
Interest costs incurred 0 0 0
Related Party | SolarWinds Holdings, Inc. | Software OEM Agreements      
Related Party Transaction [Line Items]      
Revenue 2,100,000 1,800,000 1,700,000
Operating expenses 200,000 200,000 200,000
Related Party | SolarWinds Holdings, Inc. | Employee Matters Agreement      
Related Party Transaction [Line Items]      
Interest costs incurred 0 0 0
Related Party | SolarWinds Holdings, Inc. | Intellectual Property Matters Agreement      
Related Party Transaction [Line Items]      
Interest costs incurred 0 0 0
Related Party | SolarWinds Holdings, Inc. | Trademark License Agreement      
Related Party Transaction [Line Items]      
Interest costs incurred 0 0 0
Related Party | SolarWinds Holdings, Inc. | Software Cross License Agreement      
Related Party Transaction [Line Items]      
Revenue   100,000 200,000
Operating expenses   100,000 200,000
Related Party | SolarWinds Holdings, Inc. | Sublease Agreement      
Related Party Transaction [Line Items]      
Operating expenses 600,000 600,000 700,000
Related Party | SolarWinds Holdings, Inc. | Equity-Based Incentive Plan      
Related Party Transaction [Line Items]      
Conversion incremental compensation expense $ 100,000 $ 200,000 $ 1,000,000.0
v3.25.4
Income Taxes - Schedule of Components of Loss Before Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
U.S. $ (55,495) $ (37,160) $ (26,289)
International 57,886 91,430 70,615
Income before income taxes $ 2,391 $ 54,270 $ 44,326
v3.25.4
Income Taxes - Schedule of Income Tax Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current:      
Federal $ 0 $ 682 $ 0
State 375 250 250
International 22,636 24,958 21,152
Total current income tax expense (benefit) 23,011 25,890 21,402
Deferred:      
Federal 0 (1,561) 0
State (3) 0 0
International (3,585) (1,017) (488)
Total deferred income tax expense (benefit) (3,588) (2,578) (488)
Income Tax Expense $ 19,423 $ 23,312 $ 20,914
v3.25.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]      
Income before income taxes $ 2,391 $ 54,270 $ 44,326
Income Tax Expense      
U.S. - Federal: 502 11,396 9,308
Nondeductible executive compensation 2,154 3,155 2,099
Nondeductible legal and transaction costs 2,317    
Prior period adjustments 125    
Other nondeductible expense 220    
Share-Based Payment Awards:   1,301 2,569
Global intangible low-taxed income 405 0 (49)
Withholding tax   0 79
Transaction costs   1,024 399
Non-taxable change in contingent consideration liability   (1,480) 0
Meals and entertainment   328 224
Changes in Valuation Allowance:   3,737 2,867
U.S. - State and Local Income Taxes, Net of Federal Effect (1): $ 250 250 250
Statutory income tax rate differential   4,317 2,328
Research credits   550 0
Other   (166) 840
Effective Income Tax Rate Reconciliation, Percent 812.30%    
Income Tax Expense $ 19,423 $ 23,312 $ 20,914
As a Percentage of Income Before Taxes      
U.S. - Federal: 21.00%    
Nondeductible executive compensation 90.10%    
Nondeductible legal and transaction costs 96.90%    
Prior period adjustments 5.20%    
Other nondeductible expense 9.20%    
Global intangible low-taxed income 16.90%    
U.S. - State and Local Income Taxes, Net of Federal Effect (1): 10.50%    
United States, country of domicile      
Income Tax Expense      
Share-Based Payment Awards: $ 1,019    
Changes in Valuation Allowance: $ 5,485    
As a Percentage of Income Before Taxes      
Share-Based Payment Awards: 42.60%    
Changes in Valuation Allowance: 229.40%    
Canada      
Income Tax Expense      
Share-Based Payment Awards: $ 2,014    
Statutory income tax rate differential 632    
Research credits (550)    
Prior period adjustments 321    
Other $ 73    
As a Percentage of Income Before Taxes      
Share-Based Payment Awards: 84.20%    
Statutory income tax rate differential 26.40%    
Research credits (23.00%)    
Prior period adjustments 13.40%    
Other 3.10%    
Netherlands      
Income Tax Expense      
Share-Based Payment Awards: $ 337    
Changes in Valuation Allowance: 500    
Statutory income tax rate differential 1,270    
Prior period adjustments (1,324)    
Other $ 18    
As a Percentage of Income Before Taxes      
Share-Based Payment Awards: 14.10%    
Changes in Valuation Allowance: 20.90%    
Statutory income tax rate differential 53.10%    
Prior period adjustments (55.40%)    
Other 0.80%    
United Kingdom      
Income Tax Expense      
Share-Based Payment Awards: $ 408    
Statutory income tax rate differential 537    
Prior period adjustments 861    
Nondeductible license fee 657    
Other $ 249    
As a Percentage of Income Before Taxes      
Share-Based Payment Awards: 17.10%    
Statutory income tax rate differential 22.50%    
Prior period adjustments 36.00%    
Other 10.40%    
Nondeductible license fee 27.50%    
Other      
Income Tax Expense      
Share-Based Payment Awards: $ 179    
Statutory income tax rate differential 160    
Prior period adjustments 360    
Other $ 244    
As a Percentage of Income Before Taxes      
Share-Based Payment Awards: 7.50%    
Statutory income tax rate differential 6.70%    
Prior period adjustments 15.10%    
Other 10.20%    
v3.25.4
Income Taxes - Components of Net Deferred Tax Amounts (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred Tax Assets, Net of Valuation Allowance [Abstract]    
Allowance for doubtful accounts $ 1,187 $ 392
Accrued expenses 76 17
Net operating loss 18,159 14,763
Stock-based compensation 4,206 3,876
Interest expense 9,046 4,292
Deferred revenue 162 635
Capitalized research and development expense 30 2,599
Leases 788 782
Other credits 240 22
Total deferred tax assets 33,894 27,378
Valuation allowance (14,049) (7,764)
Deferred tax assets, net of valuation allowance 19,845 19,614
Deferred tax liabilities:    
Property and equipment 1,880 1,578
Prepaid expenses 1,161 983
Leases 1,461 1,271
Unrealized exchange loss 12 36
Intangibles 12,766 17,168
Total deferred tax liabilities 17,280 21,036
Net deferred tax asset (liability) $ 2,565  
Net deferred tax asset (liability)   $ (1,422)
v3.25.4
Income Taxes - Schedule of Income Tax Paid (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]      
Payments $ 19,455    
Refunds $ (1,391)    
Income taxes paid, percentage 108.00%    
U.S. payments, net of refunds $ 74    
Foreign payments, net of refunds 17,990    
Cash paid for income taxes $ 18,064 $ 12,772 $ 14,934
U.S. payments, net of refunds 0.40%    
Foreign payments, net of refunds 99.60%    
Income taxes paid, net, percentage 100.00%    
Canada      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign payments, net of refunds $ 2,498    
Foreign payments, net of refunds 13.80%    
Netherlands      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign payments, net of refunds $ 6,605    
Foreign payments, net of refunds 36.60%    
United Kingdom      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign payments, net of refunds $ 7,650    
Foreign payments, net of refunds 42.30%    
Other      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign payments, net of refunds $ 1,237    
Foreign payments, net of refunds 6.80%    
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Operating Loss Carryforwards [Line Items]    
Valuation allowance $ 14,049,000 $ 7,764,000
Undistributed earnings of foreign subsidiaries 21,900,000  
Unrecognized tax benefits 0 0
Domestic Tax Jurisdiction    
Operating Loss Carryforwards [Line Items]    
Operating loss carryforwards 75,900,000 60,000,000.0
United States, country of domicile    
Operating Loss Carryforwards [Line Items]    
Valuation allowance 5,800,000 2,400,000
Foreign Tax Jurisdiction    
Operating Loss Carryforwards [Line Items]    
Operating loss carryforwards 6,300,000 6,300,000
Valuation allowance $ 500,000 $ 500,000
v3.25.4
Commitment and Contingencies (Details)
 3 Months Ended 12 Months Ended
Dec. 14, 2022
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
milestone
Asset Acquisition [Line Items]          
Internal-use software useful life     3 years    
Payments for debt issuance costs   $ 5,400,000 $ 57,073,000 $ 1,000,000 $ 1,450,000
Number of milestones achieved | milestone         2
Intellectual Property Acquisition          
Asset Acquisition [Line Items]          
Asset acquisition, consideration transferred $ 6,500,000        
Payments for asset acquisition 3,100,000        
Product delivery fees 1,000,000.0        
Contingent consideration $ 2,500,000        
Internal-use software useful life 3 years        
Payments for debt issuance costs       1,000,000.0 $ 1,500,000
Contingent consideration liability, current     0 0  
Gain (loss) on contingent consideration     $ 0 $ 0 $ 0
v3.25.4
Operating Segments and Geographic Information - Narrative (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting Information [Line Items]      
Number of operating segments | segment 1    
Number of reportable segments | segment 1    
Depreciation $ 18,358 $ 15,956 $ 15,228
Reportable Segment      
Segment Reporting Information [Line Items]      
Depreciation 18,400 16,000 15,200
Amortization $ 25,700 $ 9,800 $ 6,400
v3.25.4
Operating Segments and Geographic Information - Schedule of Revenue by Geographic Area (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 511,430 $ 466,147 $ 421,880
United States, country of domicile      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 253,877 224,514 205,836
United Kingdom      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 52,198 48,730 43,196
All other international      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 205,355 $ 192,903 $ 172,848
v3.25.4
Operating Segments and Geographic Information - Schedule of Long-lived Assets by Geographic Area (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets, net $ 37,962 $ 36,162
United States, country of domicile    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets, net 11,686 11,032
Switzerland    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets, net 12,264 14,998
United Kingdom    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets, net 5,724 2,668
All other international    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets, net $ 8,288 $ 7,464
v3.25.4
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Allowance for doubtful accounts, customers and other      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Beginning Balance $ 886 $ 1,171 $ 1,330
Charge to Expense 9,153 3,880 4,323
Charge to Other Accounts 0 0 0
Deductions (Write-Offs, Net of Recoveries) (5,980) (4,165) (4,482)
Ending Balance 4,059 886 1,171
Tax valuation allowances      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Beginning Balance 7,764 4,913 3,637
Charge to Expense 6,285 4,412 2,867
Charge to Other Accounts 0 0 0
Deductions (Write-Offs, Net of Recoveries) 0 (1,561) (1,591)
Ending Balance $ 14,049 $ 7,764 $ 4,913