NABLN-able, Inc.
Services-Prepackaged Software
- Revenue
- $509M
- 9.3% YoY
- Operating margin
- 6.7%
- 62% YoY
- EBITDA
- $78M
- 27% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.5×
- $277M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear9% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired73% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $346M | $372M | $422M | $466M | $509M | 9.3% |
| Operating income | $33M | $47M | $70M | $82M | $34M | 59% |
| Net income | $113K | $17M | $24M | $31M | −$19M | 161% |
| Operating cash flow | $45M | $71M | $90M | $79M | $93M | 17% |
| Capex | $31M | $13M | $14M | $18M | $18M | 3.2% |
| Stock-based comp | $29M | $37M | $44M | $45M | $47M | 2.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $8M | $4M | 60 | 170 |
| FY2024 | $6M | $1M | 75 | 144 |
| FY2023 | $6M | $14M | 106 | 115 |
| FY2022 | $6M | $5M | 82 | 91 |
| FY2021 | $9M | $8M | 89 | 112 |