N-able stock reports 6 percent ARR growth after index removal

N-able stock reports 6 percent ARR growth in Q2 2026 while the company adjusts its growth profile after removal from a major small-cap index. The shares were trading at USD 4.15 on the NYSE on September 23, 2026, up 0.97 percent from the previous session.

Recurring revenue reaches USD 544 million

According to The Globe and Mail in its Q2 2026 earnings coverage, ARR reached USD 544 million, up 6 percent year over year on a constant-currency basis. Total revenue reached USD 138 million, while subscription revenue was USD 137 million.

The latest quarterly data show revenue of USD 138.22 million for Q2 2026, an increase of 5.3 percent from the prior-year quarter, according to MarketBeat.

2026 guidance stays in mid single digits

Management expects Q3 2026 revenue of USD 134.5 million to USD 135.5 million and adjusted EBITDA of USD 41 million to USD 42 million, according to The Globe and Mail on September 17, 2026. The company also set full-year 2026 revenue guidance at USD 539 million to USD 542 million and ARR guidance at USD 562 million to USD 565 million.

That outlook places recurring growth at the center of the investment case. N-able's investor relations page lists ARR of USD 544 million, a 29 percent trailing-twelve-month non-GAAP adjusted EBITDA margin and recurring revenue near 100 percent, giving the revenue forecast a relatively visible base.

Index removal changes the trading backdrop

N-able was removed from the S&P SmallCap 600 at the September 21, 2026 quarterly rebalance, as reported by Stock Titan. The same filing reported a USD 50 million increase to the share repurchase authorization, following USD 45 million of remaining authorization as of June 30, 2026.

The combination creates a clear contrast. Operating indicators still show measurable expansion, while index membership and passive demand have become a separate trading variable for N-able stock.

Stock remains below its yearly midpoint

N-able stock stood at USD 4.15 on the NYSE on September 23, 2026, with a 52-week range of USD 2.92 to USD 8.73. Its market capitalization was USD 781,768,700 on the same date, placing the valuation closer to the yearly low than the yearly high.