And N-able, Inc. has announced its financial results for the third quarter of 2025, reporting a total revenue of $131.7 million, reflecting a year-over-year growth of 13.1%. The company’s subscription revenue reached $130.5 million, also demonstrating a 13.5% increase from the previous year.
The company is now raising its full-year 2025 outlook to between $530 million and $531 million in ARR, demonstrating a strong performance in a rapidly evolving cybersecurity landscape. N-able’s strategic focus on cyber resilience and financial health is evident in its adjusted EBITDA of $41.4 million for the quarter, which is 31.4% of total revenue.
CEO John Pagliuca framed the company’s strategy around end-to-end cyber resilience, integrating unified endpoint management, security operations, and data protection into a single AI-infused platform.
The company is embedding artificial intelligence deeply across its portfolio — from automated script generation and agent-based SOC orchestration to new Anomaly Detection as a Service that proactively spots threats in backups.
N-able also announced CANI, a shared AI language framework to standardize how IT and security tools communicate — a move aimed at reducing integration friction across MSP and vendor systems.
The company’s channel-first model remains central, with nearly all revenue flowing through MSPs and resellers. N-able continues to expand its VAR ecosystem, launching in the UK and eyeing additional geographies. Its recent Adlumin acquisition continues to drive cross-sell success, and the firm expects to maintain around 30% profit margins in 2026 while investing further in AI and automation.
Why do we care?
Disclosure, I’m an N-Able Shareholder.
N-able dropped strong numbers—up 13% year over year and holding big profit margins—but what’s more interesting is the shift in what they’re saying. They’re not calling themselves an RMM vendor anymore. They’re talking about cyber resilience—combining endpoint management, SOC tools, and data protection all under AI.
And they’re introducing something called CANI—a shared AI language meant to make IT and security tools talk to each other more easily. If it actually works, that could be huge for MSPs sick of integration headaches.
But notice what’s not there: no PSA, no talk of service desks or billing. N-able’s clearly saying, “We’re not your management platform—we’re your cyber platform.”
That’s a major pivot. It’s smart, because it doubles down on security and AI. But it also leaves an opening for others to own the MSP workflow layer. For providers, that means thinking of N-able as your cyber engine, not your operating system—and keeping your options open for the rest of the stack.