NABL on NYSE

N-able, Inc.

Prepackaged software services company based in Wilmington1

In its 2026 annual report the company says: “We are a leading global cybersecurity provider, helping protect businesses from evolving cyberthreats and navigate this fast-changing landscape. Our software platform is designed to provide end-to-end coverage across the IT environment, delivering comprehensive protection and efficient performance. We also provide an open ecosystem that seamlessly integrates with third-party tools, empowering customers to tailor their environments to their unique needs.”4 Its shares trade on NYSE under the symbol NABL.1

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Last updated Oct 21, 2026.

Overview

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  • TickerNABL on NYSE1
  • IndustryServices-Prepackaged Software1
  • HeadquartersWilmington, Delaware1
  • Business address1209 Orange Street, Wilmington, De 198012
  • Filer categoryLarge accelerated filer2

The technology landscape is changing rapidly. Cyberthreats are increasing in speed, sophistication, and scale, while the growth of hybrid systems, multi-cloud infrastructure, data volumes, SaaS applications, and AI-enabled processes is driving IT complexity. In this environment, secure and efficient digital operations are essential to overall business health. We are a leading global cybersecurity provider, helping protect businesses from evolving cyberthreats and navigate this fast-changing landscape.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

76.9%Gross margin5
6.7%Operating margin5
-3.7%Net margin5
9.3%Revenue growth, 20255
-2.3%Return on equity5
0.49×Debt to equity5
$75.1MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription Revenue brought in 99% of the revenue N-able, Inc. broke down this way in fiscal 2025.

  1. Subscription Revenue$503.7M599%up 10% from 2024
  2. Other Revenue$5.2M51%down 28% from 2024
Products and services by year
Products and services202320242025
Subscription Revenue$412.4M$458.4M$503.7M
Other Revenue$9.8M$7.2M$5.2M

Regions

United States brought in 50% of the revenue N-able, Inc. broke down this way in fiscal 2025.

  1. United States$252.6M550%up 13% from 2024
  2. Non-US, Excluding United Kingdom$204.3M540%up 6% from 2024
  3. United Kingdom$51.9M510%up 7% from 2024
Regions by year
Regions202320242025
United States$206.0M$224.2M$252.6M
Non-US, Excluding United Kingdom$173.0M$192.7M$204.3M
United Kingdom$43.2M$48.7M$51.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue23¢$117.4M
  • Research and development20¢$100.7M
  • Other costs53¢$272.1M
  • Income tax4¢$18.6M

Out of $508.8M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending19¢$18.1M
  • Kept or used elsewhere81¢$75.1M

Out of $93.2M of cash from operations.5

Financial statements

Revenue67895$508.8M in 2025+93% since 2019
0$200.0M$400.0M$600.0M2019: $263.5M$263.5M20192020: $302.9M$302.9M2020+15%2021: $346.5M$346.5M2021+14%2022: $371.8M$371.8M2022+7%2023: $422.2M$422.2M2023+14%2024: $465.6M$465.6M2024+10%2025: $508.8M$508.8M2025+9%
Gross profit67895$391.5M in 2025+90% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $206.2M$206.2M20192020: $239.7M$239.7M2020+16%2021: $294.0M$294.0M2021+23%2022: $313.2M$313.2M2022+7%2023: $353.9M$353.9M2023+13%2024: $384.7M$384.7M2024+9%2025: $391.5M$391.5M2025+2%
Operating income67895$33.9M in 2025−7% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $36.6M$36.6M20192020: $33.8M$33.8M2020−8%2021: $33.3M$33.3M2021−1%2022: $47.4M$47.4M2022+42%2023: $70.4M$70.4M2023+48%2024: $81.9M$81.9M2024+16%2025: $33.9M$33.9M2025−59%
Net income67895-$18.8M in 2025+649% since 2019
-$20.0M0$20.0M$40.0M2019: -$2.5M-$2.5M20192020: -$7.2M-$7.2M2020+185%2021: $113.0K$113.0K20212022: $16.7M$16.7M2022+14685%2023: $23.8M$23.8M2023+43%2024: $30.7M$30.7M2024+29%2025: -$18.8M-$18.8M2025

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5

Period ending2025-12-312024-12-312023-12-31
Subscription and other revenue$508.8M$465.6M$422.2M
Cost of revenue$100.5M$77.4M$66.4M
Amortization of acquired technologies$16.9M$3.5M$1.8M
Total cost of revenue$117.4M$80.9M$68.3M
Gross profit$391.5M$384.7M$353.9M
Sales and marketing$163.2M$135.6M$134.7M
Research and development$100.7M$90.7M$78.2M
General and administrative$91.7M$76.2M$70.1M
Amortization of acquired intangibles$2.0M$278.0K$597.0K
Total operating expenses$357.6M$302.8M$283.5M
Operating income$33.9M$81.9M$70.4M
Interest expense, net-$36.0M-$30.0M-$30.3M
Other income, net$1.9M$2.2M$4.6M
Total other expense, net-$34.1M-$27.8M-$25.6M
(Loss) income before income taxes-$167.0K$54.1M$44.7M
Income tax expense$18.6M$23.3M$20.9M
Net (loss) income-$18.8M$30.7M$23.8M
Basic earnings per share (in dollars per share)-$0.10$0.17$0.13
Diluted earnings per share (in dollars per share)-$0.10$0.16$0.13
Shares used in computation of basic earnings per share (in shares)187.8M shares185.3M shares182.4M shares
Shares used in computation of diluted earnings per share (in shares)187.8M shares188.4M shares186.0M shares

Compare N-able, Inc. with another company

Corporate structure

N-able, Inc. sits at the top of its group. 18 entities, 11 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of N-able, Inc.

  • N-able, Inc. Wilmington, Delaware
    • Adlumin, Inc. Subsidiary · Delaware, United States
    • N-able Acquisition Company B.V. Subsidiary · Netherlands
    • N-able Australia Pty Ltd Subsidiary · Australia
    • N-able Cloud GmbH Subsidiary · Switzerland
    • N-able Cloud User Hub B.V. Subsidiary · Netherlands
    • N-able Global Ltd. Subsidiary · United Kingdom
    • N-able International B.V. Subsidiary · Netherlands
    • N-able International B.V. - Philippines Branch Subsidiary · Philippines
    • N-able International B.V. - Zweigneiderlassung Österreich Subsidiary · Austria
    • N-able International Holdings I, LLC Subsidiary · Delaware, United States
    • N-able International Holdings II, LLC Subsidiary · Delaware, United States
    • N-able Poland Sp. z o.o. Subsidiary · Poland
    • N-able Portugal, Unipessoal Lda. Subsidiary · Portugal
    • N-able Solutions Ltd. Subsidiary · United Kingdom
    • N-able Technologies (India) Private Limited Subsidiary · India
    • N-able Technologies Ltd Subsidiary · United Kingdom
    • N-able Technologies S.R.L. Subsidiary · Romania

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What N-able, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$96.2M5 Dec 31, 2025$92.3M5 Dec 31, 2024+4.2%
Accumulated depreciation$57.8M5 Dec 31, 2025$55.8M5 Dec 31, 2024+3.7%
Property and equipment, net$38.4M5 Dec 31, 2025$36.6M5 Dec 31, 2024+5.0%
Operating-lease assets (leased space)$28.7M5 Dec 31, 2025$28.0M5 Dec 31, 2024+2.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$111.8M5 Dec 31, 2025$85.2M5 Dec 31, 2024+31.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.0B5 Dec 31, 2025$977.0M5 Dec 31, 2024+4.8%
Intangible assets, net (excluding goodwill)$64.8M5 Dec 31, 2025$83.2M5 Dec 31, 2024−22.1%
Finite-lived intangibles, gross$207.3M5 Dec 31, 2025$205.7M5 Dec 31, 2024+0.8%
Accumulated amortization$142.5M5 Dec 31, 2025$122.6M5 Dec 31, 2024+16.3%
Finite-lived intangibles, net$64.8M5 Dec 31, 2025$83.2M5 Dec 31, 2024−22.1%

Properties, in its own words

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.

We believe the facilities that we are leasing are adequate for the foreseeable future. If we require additional or substitute space, we believe that we will be able to obtain such space on acceptable, commercially reasonable terms.

Item 2 of the 10-K filed Feb 26, 2026.4

Leadership

Who has led N-able, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Adlumin, Inc. Delaware3
  • N-able Acquisition Company B.V. Netherlands3
  • N-able Australia Pty Ltd Australia3
  • N-able Cloud GmbH Switzerland3
  • N-able Cloud User Hub B.V. Netherlands3
  • N-able Global Ltd. United Kingdom3
  • N-able International B.V. Netherlands3
  • N-able International B.V. - Philippines Branch Philippines3
  • N-able International B.V. - Zweigneiderlassung Österreich Austria3
  • N-able International Holdings I, LLC Delaware3
  • N-able International Holdings II, LLC Delaware3
  • N-able International Ltd United Kingdom3
  • N-able Poland Sp. z o.o. Poland3
  • N-able Portugal, Unipessoal Lda. Portugal3
  • N-able Solutions Ltd. United Kingdom3
  • N-able Solutions ULC Canada3
  • N-able Technologies (India) Private Limited India3
  • N-able Technologies Ltd United Kingdom3
  • N-able Technologies S.R.L. Romania3
  • N-able Technologies, Inc. Delaware3
  • N-able, Inc. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • N-able, LLCMar 26, 2021 to Apr 6, 20212
  • SWI Spinco, LLCDec 4, 2020 to Mar 2, 20212

Timeline

  1. Aug 28, 20268-K Regulation FD disclosure; Other events28
  2. Aug 10, 20268-K Results of operations; Exit or restructuring costs29
  3. Jul 24, 20268-K Executive or director change30
  4. Jul 13, 20268-K Executive or director change; Other events31
  5. Jun 17, 20268-K Entered a material agreement; New debt or obligation32
  6. Jun 2, 20268-K Shareholder vote33
  7. May 11, 20268-K Executive or director change34
  8. May 7, 20268-K Results of operations35
  9. Feb 19, 20268-K Results of operations36
  10. Dec 17, 20258-K Executive or director change37
  11. Nov 26, 20258-K Entered a material agreement; New debt or obligation38
  12. Nov 6, 20258-K Results of operations39
  13. Jun 25, 2021New chief executive John Pagliuca becomes CEO12

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.07 a share, on Nov 6, 2025.40

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results29
  2. May 7, 2026Reported quarterly or annual results35
  3. Feb 19, 2026Reported quarterly or annual results36
  4. Nov 6, 2025Reported quarterly or annual results39
  5. Aug 7, 2025Reported quarterly or annual results41
  6. May 8, 2025Reported quarterly or annual results42
  7. Mar 3, 2025Reported quarterly or annual results43
  8. Nov 7, 2024Reported quarterly or annual results44

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

357 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 40 major events, 228 insider forms, 16 large holders, 51 other. The latest 20:

  1. Aug 28, 20268-K EDGAR
  2. Aug 20, 20264 EDGAR
  3. Aug 18, 20264 EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 18, 20264 EDGAR
  8. Aug 10, 202610-Q EDGAR
  9. Aug 10, 202610-K/A EDGAR
  10. Aug 10, 20268-K EDGAR
  11. Jul 24, 20268-K/A EDGAR
  12. Jul 21, 20263 EDGAR
  13. Jul 13, 20268-K EDGAR
  14. Jun 17, 20268-K EDGAR
  15. Jun 2, 20268-K EDGAR
  16. Jun 1, 20264 EDGAR
  17. Jun 1, 20264 EDGAR
  18. Jun 1, 20264 EDGAR
  19. Jun 1, 20264 EDGAR
  20. Jun 1, 20264 EDGAR

The 357 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

25 open-market trades by officers, directors and large owners since October 2021: 0 buys and 25 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2025Adler Michael IEVP, CTPOSale31,728$7.72$244.9KForm 4
Aug 18, 2025Johnson AnnDirectorSale34,568$7.70$266.2KForm 4
Aug 29, 2024Anastos Peter CEVP, GC, SecretarySale16,000$13.04$208.6KForm 4
Aug 16, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale44,151$12.77$563.8KForm 4
Aug 15, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale14,640$12.82$187.7KForm 4
Aug 14, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale7,508$12.80$96.1KForm 4
Aug 13, 2024Anastos Peter CEVP, GC, SecretarySale25,010$12.81$320.4KForm 4
Aug 13, 2024Colletti FrankEVP, Chief Revenue OfficerSale10,000$12.86$128.6KForm 4
Aug 13, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale66,862$12.94$865.2KForm 4
Aug 12, 2024Pagliuca JohnPresident and CEOSale150,956$12.77$1.9MForm 4
Aug 12, 2024Johnson AnnDirectorSale21,200$12.79$271.1KForm 4
Aug 12, 2024O'Brien Tim JamesEVP, Chief Financial OfficerSale11,195$12.84$143.7KForm 4
Jul 1, 2024Colletti FrankEVP, Chief Revenue OfficerSale3,333$15.24$50.8KForm 4
Jun 27, 2024Pai KathleenEVP, Chief People OfficerSale13,390$15.02$201.1KForm 4
Jun 25, 2024Pai KathleenEVP, Chief People OfficerSale300$15.00$4.5KForm 4
Jun 24, 2024Pai KathleenEVP, Chief People OfficerSale4,709$15.04$70.8KForm 4
May 29, 2024Colletti FrankEVP, Chief Revenue OfficerSale20,000$13.77$275.4KForm 4
Aug 22, 2023Anastos Peter CEVP, GC, SecretarySale11,000$13.13$144.4KForm 4
Aug 18, 2023Pagliuca JohnPresident and CEOSale38,894$13.23$514.6KForm 4
May 15, 2023O'Brien Tim JamesEVP, Chief Financial OfficerSale7,500$14.08$105.6KForm 4

All 25 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John Pagliuca49$500.0K$7.7M57
2025Tim O’Brien39$415.0K$3.5M57
2025Michael Adler52$440.0K$2.8M57
2025Frank Colletti52$311.7K$2.5M57
2025Kathleen Pai42$425.0K$2.1M57
2024Chief Executive Officer$485.0K$6.4M57
2024Chief Financial Officer$400.0K$3.1M57
2024Chief Revenue Officer$305.2K$2.3M57
2024Chief Technology and Product Officer$425.0K$2.3M57
2024Chief People Officer$410.0K$2.0M57
2023Chief Executive Officer$485.0K$6.2M57
2023Chief Financial Officer$400.0K$3.2M57
2023Chief Technology and Product Officer$425.0K$2.3M57
2023Chief Revenue Officer$309.7K$2.2M57
2023Chief People Officer$410.0K$2.1M57

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Silver Lake Group, L.L.C.61,473,869$225.6M4.9%No change
Thoma Bravo, L.P.50,090,643$183.8M2.5%No change
BlackRock, Inc.11,733,980$43.1M0.0%−761,130
Dimensional Fund Advisors LP5,064,520$18.6M0.0%+294,394
Vanguard Portfolio Management LLC4,510,843$16.6M0.0%−1,330,062
State Street Corp4,226,862$15.5M0.0%+308,443
Nomura Asset Management International Inc.4,151,792$15.2M0.0%−115,700
Vanguard Capital Management LLC3,320,148$12.2M0.0%−122,099
AlpInvest Partners B.V.2,386,000$8.8M14.6%No change
Jpmorgan Chase & Co2,285,876$8.4M0.0%+1,804,292
Dana Investment Advisors, Inc.2,033,966$7.5M0.2%+575,185
Morgan Stanley1,976,654$7.3M0.0%+285,513
Defiance ETFs, LLC1,788,462$7.0M0.1%−47,496
Topline Capital Management, LLC1,902,005$7.0M1.8%−49,981
Ameriprise Financial Inc1,898,352$7.0M0.0%+1,456,274
Geode Capital Management, LLC1,877,191$6.9M0.0%+187,122
Two Sigma Investments, LP1,863,171$6.8M0.0%+740,313
Hotchkis & Wiley Capital Management LLC1,849,480$6.8M0.0%+558,020
Aqr Capital Management LLC1,351,895$5.0M0.0%+78,424
Goldman Sachs Group Inc1,348,153$4.9M0.0%+727,029
Wellington Management Group Llp1,295,268$4.8M0.0%+1,716
Lexington Partners L.P.1,239,867$4.6M3.4%No change
UBS Group AG959,212$3.5M0.0%+446,511
Jump Financial, LLC856,422$3.1M0.0%+733,113
Bank Of America Corp /de/843,172$3.1M0.0%+129,303

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How N-able, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARN-able, Inc.1
  • CIK0001834488
  • Employer ID (EIN)85-40698614
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address1209 Orange Street, Wilmington, DE 198011
  • Phone51268293001
  • Shares outstanding188,906,050 as of Aug 5, 202611
  • Public float$598.1M as of Jun 30, 20254
  • AuditorPricewaterhouseCoopers LLP, Austin, Texas PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceDec 4, 20201
  • Filings448 in all: 4 (234), 8-K (44), 3 (30), 10-Q (16), 144 (15), 4/A (11), SC 13D/A (10), CORRESP (9)1
    All 35 form types

    SC 13D (9), UPLOAD (9), 424B3 (8), 10-K (5), DEF 14A (5), DEFA14A (5), S-8 (5), 10-12B/A (4), ARS (4), EFFECT (3), 10-K/A (2), DRSLTR (2), POS AM (2), SC 13G (2), SC 13G/A (2), 10-12B (1), 8-K/A (1), CERT (1), DRS (1), DRS/A (1), NT 10-K (1), S-1 (1), S-1/A (1), S-8 POS (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 14, 2026
    Latest 8-K (8-K) Aug 28, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.001 par valueNABLNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks N-able, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 65 risks under these headings, as written.4

  • Risks Related to Our Business and Industry
  • Risks Related to Our Indebtedness
  • Risks Related to Our Intellectual Property
  • Risks Related to Cybersecurity and Artificial Intelligence (“AI”)
  • Risks Related to Government Regulation
  • Risks Related to Accounting and Taxation
  • Risks Related to Ownership of Our Common Stock and Our Organizational Structure
  • Our operating results may be negatively affected by a number of factors, certain of which are beyond our control, and any of which could cause our operating results or the guidance we provide to fall below expectations.
  • Because we recognize revenue from our longer-term subscriptions and term licenses over the subscription or license term, downturns or upturns in new sales and renewals may not be immediately reflected in our operating results and may be difficult to discern.
  • We report certain market opportunity estimates, forecasts of market growth, and other metrics, which could prove to be inaccurate, and any real or perceived inaccuracies may negatively affect our reputation and our business.
  • If we are unable to sell subscriptions to new customers, to sell additional solutions to our existing customers or to increase the usage of our solutions by our existing customers, our revenue growth and operating results may be adversely effected.
  • If we do not effectively hire, integrate, train, manage, and retain additional sales personnel, and expand our sales and marketing capabilities, we may be unable to increase our customer base and increase sales to our existing customers.
The other 60 risks
  • Our business depends on customers renewing their subscription agreements. If our subscription-based business model fails to yield the benefits that we expect, our results of operations could be negatively impacted.
  • We may not have visibility into a portion of our revenue that is consumption-based, which may result in our financial position and results of operations falling below internal or external expectations, which could negatively impact the price of our common stock.
  • We operate in highly competitive markets, which could make it difficult for us to acquire and retain customers at our historic rates.
  • Our success depends on our ability to adapt to the rapidly changing needs of our customers and their customers.
  • If we fail to integrate our solutions with a variety of operating systems, software applications, platforms and hardware that are developed by others or ourselves, our solutions may become less competitive or obsolete and our results of operations would be harmed.
  • We have experienced substantial growth in recent years, which may not be indicative of future growth, and if we fail to manage our growth effectively, we may be unable to execute our business plan, maintain high levels of customer satisfaction or adequately address competitive challenges, and our financial performance may be adversely affected.
  • Acquisitions present many risks that could have an adverse effect on our business and results of operations.
  • We may expand our business in part through future acquisitions, but we may not be able to identify or complete suitable acquisitions, which could harm our financial performance.
  • If our goodwill or intangible assets become impaired, then we could be required to record a significant non-cash charge to earnings, which could adversely affect our results of operations.
  • We may not be able to achieve or sustain the same level of cash flows in the future.
  • Our operating income could fluctuate as we make future expenditures to expand our operations in order to support growth in our business, or if we fail to see the expected benefits of prior expenditures.
  • Because our long-term success depends on our ability to operate our business internationally and increase sales of our solutions to our customers located outside of the United States, our business is susceptible to risks associated with international operations.
  • We have faced, and may continue to face, exposure to foreign currency exchange rate fluctuations.
  • We resell third-party software and integrate third-party software into our solutions that may be difficult to replace or that have caused in the past, or could cause in the future, errors or failures of our solutions, which could lead to a loss of customers or harm to our reputation and our operating results.
  • Interruptions or performance problems associated with our internal infrastructure and its reliance on third-party technologies may adversely affect our ability to manage our business and meet reporting obligations.
  • Interruptions or performance problems associated with third-party cloud-based systems that we depend on for development or distribution of our solutions may adversely affect our business, operating results, and financial condition.
  • Interruptions or performance problems associated with our solutions, including disruptions at any third-party data centers upon which we rely, may impair our ability to support our IT services provider customers.
  • Material defects, errors or vulnerabilities in our solutions, the failure of our solutions to block malware or prevent a security breach, misuse of our solutions, or risks of product liability claims could harm our reputation, result in significant costs to us and impair our ability to sell our solutions.
  • Any inability to maintain a high-quality customer support organization could lead to a lack of customer satisfaction, which could hurt our customer relationships and adversely affect our business, operating results, and financial condition.
  • If we fail to maintain or grow our brands, our financial condition and operating results might suffer.
  • If we are unable to capture significant volumes of high quality sales opportunities from our digital marketing initiatives, it could adversely affect our revenue growth and operating results.
  • We may need to reduce or change our pricing model to remain competitive.
  • We have benefited from growth in the market for IT and cybersecurity spending, and lack of continued growth or contraction in this market could have an adverse effect on our results of operations and financial condition.
  • The ability to recruit, retain and develop key employees and management personnel is critical to our success and growth, and our inability to attract and retain qualified personnel could harm our business.
  • Our results of operations can be adversely affected by labor shortages, turnover and labor cost increases.
  • If we cannot maintain our corporate culture as we grow, our business may be harmed.
  • Adverse economic conditions may negatively affect our business.
  • Climate change may have a long-term negative impact on our business.
  • Exposure related to any future litigation could adversely affect our results of operations, profitability and cash flows.
  • Our actual operating results may differ significantly from information we may provide regarding our financial outlook.
  • A pandemic, epidemic or outbreak of an infectious disease may materially affect how we and our customers are operating our businesses and our financial results.
  • We have substantial indebtedness, which could adversely affect our financial health and our ability to obtain financing in the future, react to changes in our business and meet our obligations with respect to our indebtedness.
  • Despite our current indebtedness level, we and our restricted subsidiaries may be able to incur substantially more indebtedness, which could further exacerbate the risks associated with our substantial indebtedness.
  • The credit agreement governing our indebtedness contains restrictions and limitations that may restrict our business and financing activities and expose us to risks that could adversely affect our liquidity and financial condition.
  • The success of our business depends on our ability to obtain, maintain, protect and enforce our intellectual property rights.
  • Our use of open source software could negatively affect our ability to sell our offerings and subject us to possible litigation.
  • Our use of AI could adversely affect our business, reputation, or financial results.
  • Failure to maintain proper and effective internal controls could have a material adverse effect on our business, operating results and stock price.
  • Changes in financial accounting standards or practices may cause adverse, unexpected financial reporting fluctuations and affect our reported results of operations.
  • Our revenue recognition policy and other factors may distort our financial results in any given period and make them difficult to predict.
  • Our business and financial performance could be negatively impacted by changes in tax laws or regulations.
  • Additional liabilities related to taxes or potential tax adjustments could adversely impact our business and financial performance.
  • Our corporate structure and intercompany arrangements are subject to the tax laws of various jurisdictions, and we could be obligated to pay additional taxes, which would harm our operating results.
  • Our operating results may be negatively impacted by the loss of certain tax benefits provided to companies in our industry predominately by the governments of countries in which we have research and development personnel.
  • Risks Related to Governmental Regulation
  • We are subject to various global data privacy and security regulations, which could result in additional costs and liabilities to us.
  • We are subject to governmental export controls and economic sanctions laws that could impair our ability to compete in international markets and subject us to liability if we are not in full compliance with applicable laws.
  • Government regulation of the Internet and e-commerce is evolving, and unfavorable changes or our failure to comply with regulations could harm our operating results.
  • The requirements of being a public company, including compliance with the reporting requirements of the Exchange Act, the requirements of the Sarbanes-Oxley Act and the requirements of the NYSE, may strain our resources, increase our costs and distract management, and we may be unable to comply with these requirements in a timely or cost-effective manner.
  • The trading price of our common stock has been and may continue to be volatile, which could cause the value of your investment to decline.
  • If securities or industry analysts were to downgrade our stock, publish misleading or unfavorable research about our business or fail to publish reports on our business, our stock price and trading volume could decline.
  • Sales of substantial amounts of our common stock in the public markets, or the perception that such sales could occur, could reduce the market price of our common stock.
  • Our issuance of additional capital stock in connection with financings, acquisitions, investments, our stock incentive plans or otherwise will dilute all other stockholders.
  • We currently do not intend to pay dividends on our common stock, and consequently, stockholders’ ability to achieve a return on their investment will depend on appreciation in the price of our common stock.
  • Our restated charter and restated bylaws contain anti-takeover provisions that could delay or discourage takeover attempts that stockholders may consider favorable.
  • The Sponsors have a controlling influence over matters requiring stockholder approval.
  • Certain of our directors have relationships with the Sponsors, which may cause conflicts of interest with respect to our business.
  • The Sponsors and their affiliated funds may pursue corporate opportunities independent of us that could present conflicts with our and our stockholders’ interests.
  • We may issue preferred stock whose terms could adversely affect the voting power or value of our common stock.
  • Our restated charter designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
  • We are a controlled company within the meaning of the NYSE rules and, as a result, qualify for and may rely on exemptions from certain corporate governance requirements.

Legal proceedings

From time to time, we have been and may be involved in various legal proceedings and claims arising in our ordinary course of business. At this time, neither we nor any of our subsidiaries is a party to, and none of our respective property is the subject of, any legal proceeding that, if determined adversely to us, we believe would have a material adverse effect on us.

The opening of Item 3, Legal Proceedings.4

Sources

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