N-able Inc 2025年度报告

FISCAL YEAR 2025 ANNUAL FINANCIAL REPORT Board of Directors: Officers: John PagliucaPresidentChief Executive Officer John PagliucaPresident, Chief Executive Officer, N-able, Inc. William BockChairmanFormer President, Silicon Labs Tim O’BrienExecutive Vice PresidentChief Financial Officer Michael BingleVice Chairman, Silver Lake Partners Michael AdlerExecutive Vice PresidentChief Technology and Product Officer Ann JohnsonCorporate Vice President, Microsoft Peter C. AnastosExecutive Vice PresidentGeneral Counsel Darryl LewisOperating Partner, Banneker Partners Cam McMartinFormer Chief Financial Officer and ChiefOperating Officer, SailPoint Technologies Frank CollettiExecutive Vice PresidentChief Revenue Officer Patrick PulvermuellerManaging Director, Redsalt GmbH Kathleen PaiExecutive Vice PresidentChief People Officer Michael WidmannManaging Director, Silver Lake Partners Corporate Headquarters: Investor Relations: investors.n-able.comir@n-able.com N-able, Inc.30 Corporate Drive, Suite 400Burlington, Massachusetts 01803 Stock Exchange Listing: Stock Transfer Agent: NYSE Symbol: NABL Equiniti Trust Company, LLC (“EQ”)48 Wall Street, Floor 23New York, NY 10005(718) 921-825 A copy of the Company’s annual report filed with the Securities and ExchangeCommission (Form 10-K) will be furnished without charge to any shareholder uponwritten request to the corporate headquarters address listed above. ☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 001-40297 N-able, Inc. (Exact name of registrant as specified in its charter) 85-4069861 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 30 Corporate DriveSuite 400Burlington,Massachusetts 01803(Address of principal executive offices)Registrant's telephone number, including area code: (781) 328-6490Securities registered pursuant to section 12(b) of the Act:Title of Each ClassTrading SymbolName of Each Exchange on Which RegisteredCommon stock, $0.001 par valueNABLNew York Stock ExchangeSecurities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.¨YesþNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.¨YesþNo Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.þYes¨No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).þYes¨No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Non-accelerated filer☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report.þ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant includedin the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐YesþNo As of June 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, the registrant’s aggregate market valueof its shares held by non-affiliates was approximately $598.1 million. On February 23, 2026, 188,376,316 shares of common stock, par value $0.001 per share, were outstanding. DOCUMENTS INCORPORATED BY REFERENCE Part III