N-able Q2 revenue +5.9% to $138.2M; returns to profit at $1.8M despite material weakness

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Material weakness in revenue-recognition controls required restatement of FY2024, FY2025, and Q1 FY2026 financials for subscription-revenue errors processed outside the ERP system.

  Notes: Revision of Previously Issued Financial Statements verify on EDGAR →
• high

  Sustained stock-price decline triggered interim goodwill impairment test; no charge recorded, but fair value exceeded carrying value by only ~17%, indicating elevated risk if shares fall further.

  MD&A: Goodwill Impairment Testing verify on EDGAR →
• high

  Dollar-based net revenue retention improved to 106% (trailing twelve months) from 102% prior year, driven by pricing and packaging changes that increased expansion revenue net of churn.

  MD&A: Dollar-Based Net Revenue Retention verify on EDGAR →