N-able, Inc. (NABL)

NYSE · Services-Prepackaged Software

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

21 entities across 12 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-26 — see the exhibit.

Which other public companies file entities in the same places:

Delaware5 United Kingdom4 Netherlands3 Australia1 Switzerland1 Philippines1 Austria1 Poland1 Portugal1 Canada1 India1 Romania1

Subsidiaries of N-able, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Adlumin, Inc.	Delaware
N-able Acquisition Company B.V.	Netherlands
N-able Australia Pty Ltd	Australia
N-able Cloud GmbH	Switzerland
N-able Cloud User Hub B.V.	Netherlands
N-able Global Ltd.	United Kingdom
N-able International B.V.	Netherlands
N-able International B.V. - Philippines Branch	Philippines
N-able International B.V. - Zweigneiderlassung Österreich	Austria
N-able International Holdings I, LLC	Delaware
N-able International Holdings II, LLC	Delaware
N-able International Ltd	United Kingdom
N-able Poland Sp. z o.o.	Poland
N-able Portugal, Unipessoal Lda.	Portugal
N-able Solutions Ltd.	United Kingdom
N-able Solutions ULC	Canada
N-able Technologies (India) Private Limited	India
N-able Technologies Ltd	United Kingdom
N-able Technologies S.R.L.	Romania
N-able Technologies, Inc.	Delaware
N-able, Inc.	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 9

FAILReturn on assets positiveROA -1.2%
PASSOperating cash flow positiveOCF 93M
FAILReturn on assets improving2.3% → -1.2%
PASSCash flow exceeds earningsOCF 93M vs NI -17M
FAILLong-term debt ratio falling24.6% → 27.7% of assets
FAILCurrent ratio improving1.23 → 1.19
PASSNo share dilution188M → 188M shares
FAILGross margin improving82.7% → 77.1%
PASSAsset turnover improving0.35× → 0.36×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$302.9M	−$7.2M	$73.7M	79.1%	158,124,000
FY2021	$346.5M	$113,000	$14.7M	84.9%	168,667,000
FY2022	$371.8M	$16.7M	$58.6M	84.2%	181,297,000
FY2023	$422.2M	$23.4M	$76.3M	83.8%	185,980,000
FY2024	$466.1M	$31.0M	$61.9M	82.7%	188,426,000
FY2025	$511.4M	−$17.0M	$75.1M	77.1%	187,819,000

Ownership flow

13 institutions tracked — 9 added, 3 reduced. Active managers added 2,844,561 shares while index money cut 265,565.

Institutional holders of N-able, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
JPMORGAN CHASE & CO	Active fund	2,285,876	+1,804,292	$8.4M
BlackRock, Inc.	Index	11,733,980	−761,130	$43.1M
CITADEL ADVISORS LLC	Hedge fund	560,693	+399,749	$2.1M
STATE STREET CORP	Index	4,226,862	+308,443	$15.5M
MORGAN STANLEY	Active fund	1,976,654	+285,513	$7.3M
Point72 Asset Management, L.P.	Hedge fund	308,009	+283,793	$1.1M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,877,191	+187,122	$6.9M
BANK OF AMERICA CORP /DE/	Active fund	843,172	+129,303	$3.1M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	778,565	−101,935	$2.9M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	1,351,895	+78,424	$5.0M
FMR LLC	Active fund	11,381	−36,294	$41,768
WELLINGTON MANAGEMENT GROUP LLP	Active fund	1,295,268	+1,716	$4.8M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001834488
SIC: 7372 · Services-Prepackaged Software
Headquarters: WILMINGTON, DE

Ownership

Institutional: 101.8%
Institutions: 281
Insiders: 2.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-prepackaged software companies

N-able, Inc. files under SIC 7372 — all 91 services-prepackaged software companies compared on assets and F-score.

MICROSOFT CORPMSFT Salesforce, Inc.CRM CoreWeave, Inc.CRWV SYNOPSYS INCSNPS Block, Inc.XYZ INTUIT INC.INTU

Questions about N-able, Inc.

How many subsidiaries does N-able, Inc. file with the SEC?: 21, listed in its most recent exhibit 21. They are incorporated across 12 jurisdictions, led by Delaware, Netherlands, Australia. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is N-able, Inc. financially healthy?: N-able, Inc. scores 4 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of N-able, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (adding), JPMORGAN CHASE & CO (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

21 entities across 12 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-26 — see the exhibit.

Entity

Jurisdiction

Note

Adlumin, Inc.

Delaware

N-able Acquisition Company B.V.

Netherlands

N-able Australia Pty Ltd

Australia

N-able Cloud GmbH

Switzerland

N-able Cloud User Hub B.V.

Netherlands

N-able Global Ltd.

United Kingdom

N-able International B.V.

Netherlands

N-able International B.V. - Philippines Branch

Philippines

N-able International B.V. - Zweigneiderlassung Österreich

Austria

N-able International Holdings I, LLC

Delaware

N-able International Holdings II, LLC

Delaware

N-able International Ltd

United Kingdom

N-able Poland Sp. z o.o.

Poland

N-able Portugal, Unipessoal Lda.

Portugal

N-able Solutions Ltd.

United Kingdom

N-able Solutions ULC

Canada

N-able Technologies (India) Private Limited

India

N-able Technologies Ltd

United Kingdom

N-able Technologies S.R.L.

Romania

N-able Technologies, Inc.

Delaware

N-able, Inc.

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 9

FAILReturn on assets positiveROA -1.2%
PASSOperating cash flow positiveOCF 93M
FAILReturn on assets improving2.3% → -1.2%
PASSCash flow exceeds earningsOCF 93M vs NI -17M
FAILLong-term debt ratio falling24.6% → 27.7% of assets
FAILCurrent ratio improving1.23 → 1.19
PASSNo share dilution188M → 188M shares
FAILGross margin improving82.7% → 77.1%
PASSAsset turnover improving0.35× → 0.36×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$302.9M	−$7.2M	$73.7M	79.1%	158,124,000
FY2021	$346.5M	$113,000	$14.7M	84.9%	168,667,000
FY2022	$371.8M	$16.7M	$58.6M	84.2%	181,297,000
FY2023	$422.2M	$23.4M	$76.3M	83.8%	185,980,000
FY2024	$466.1M	$31.0M	$61.9M	82.7%	188,426,000
FY2025	$511.4M	−$17.0M	$75.1M	77.1%	187,819,000

Ownership flow

13 institutions tracked — 9 added, 3 reduced. Active managers added 2,844,561 shares while index money cut 265,565.

Institutional holders of N-able, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
JPMORGAN CHASE & CO	Active fund	2,285,876	+1,804,292	$8.4M
BlackRock, Inc.	Index	11,733,980	−761,130	$43.1M
CITADEL ADVISORS LLC	Hedge fund	560,693	+399,749	$2.1M
STATE STREET CORP	Index	4,226,862	+308,443	$15.5M
MORGAN STANLEY	Active fund	1,976,654	+285,513	$7.3M
Point72 Asset Management, L.P.	Hedge fund	308,009	+283,793	$1.1M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,877,191	+187,122	$6.9M
BANK OF AMERICA CORP /DE/	Active fund	843,172	+129,303	$3.1M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	778,565	−101,935	$2.9M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	1,351,895	+78,424	$5.0M
FMR LLC	Active fund	11,381	−36,294	$41,768
WELLINGTON MANAGEMENT GROUP LLP	Active fund	1,295,268	+1,716	$4.8M

Questions about N-able, Inc.

How many subsidiaries does N-able, Inc. file with the SEC?

21, listed in its most recent exhibit 21. They are incorporated across 12 jurisdictions, led by Delaware, Netherlands, Australia. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is N-able, Inc. financially healthy?

N-able, Inc. scores 4 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of N-able, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (adding), JPMORGAN CHASE & CO (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.