N-able, Inc. (NYSE:NABL) shares climbed 9.66% in after-hours trading Thursday after the cybersecurity software provider delivered stronger-than-expected fourth-quarter revenue and issued upbeat guidance for 2026, despite missing earnings forecasts.
The company reported Q4 revenue of $130.3 million, ahead of the $127.02 million consensus estimate and up 11.8% year over year. Adjusted earnings per share came in at $0.06, below analysts’ expectations of $0.10.
Investors appeared to focus on top-line momentum and forward guidance rather than the earnings miss.
“We enter 2026 with momentum following another year of profitable growth and with confidence that we can drive continued strong performance,” said N-able president and CEO John Pagliuca. “2026 is a year of execution for N-able and we are excited to deliver.”
Subscription revenue, which accounts for the bulk of the company’s business, rose 12.1% year over year to $129 million in the fourth quarter. Adjusted EBITDA totaled $38.6 million, translating to a margin of 29.6%.
Annual recurring revenue (ARR) reached $539.7 million, up 11.9% year over year, or 7.7% on a constant-currency basis.
For fiscal 2026, N-able forecast revenue in the range of $554 million to $559 million, slightly above the $553.1 million consensus estimate. The company expects full-year adjusted EBITDA margins between 30% and 31%.
“Our financial profile and results reflect consistent execution and a balanced approach to driving both growth and profit,” added CFO Tim O’Brien. “In 2026, we intend to make further investments in AI innovation and go-to-market expansion while driving over 30% adjusted EBITDA margins.”
N-able has continued to expand artificial intelligence capabilities across its cybersecurity and endpoint management platforms. Recent initiatives include the launch of a $100,000 cyber warranty program for its Adlumin managed detection and response (MDR) service and recognition in the 2026 Gartner Magic Quadrant for Endpoint Management Tools.