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N-able NABL Unbilled Revenue

Unbilled Revenue at other companies

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ePlusPLUS
$17.81M+29.3%
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Backblaze, Inc.BLZE

Other financials

Income statement

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Revenue$133.7M+13.1%
Gross profit$101.9M+12.6%
Operating income$12.5M+583%
Net income-$615.0K+91.4%
EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$117.8M+25.2%
Total debt$435.7M+17.7%
Total equity$798.8M+3.1%
Total assets$1.4B+3.2%

Cash flow

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Operating cash flow$17.5M-11.2%
CapEx$1.7M-48.7%
Free cash flow$15.8M-3.7%

Valuation

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Market cap$600.93M-57.7%
Enterprise value$918.78M-45.8%
P/S1.1×-1.9×

Profitability

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Gross margin77%-3.9pp
Operating margin9%-4.5pp
Net margin-2%-5.5pp
FCF margin14.1%-2.3pp

Returns & leverage

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Return on equity-1.3%-3.5pp
Debt / equity0.5×+0.1×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by N-able in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetGrossCurrent.

The official record: N-able’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is N-able's unbilled revenue?
N-able (NABL) reported unbilled revenue of $14.25M in Q1 2026.
How has N-able's unbilled revenue changed year-over-year?
N-able's unbilled revenue increased by 43.5% year-over-year, from $9.93M to $14.25M.
What is the long-term trend for N-able's unbilled revenue?
Over 2 years (2023 to 2025), N-able's unbilled revenue has grown at a 316.8% compound annual growth rate (CAGR), from $1.12M to $19.53M.
What does unbilled revenue mean?
Unbilled revenue represents the value of services or products delivered to customers for which the company has earned the right to payment but has not yet issued an invoice. This metric is a key indicator of revenue recognition timing and the strength of the company's billing cycle. High levels may suggest strong service delivery momentum, though it also highlights potential credit risk until the formal billing process is completed.