NABL (NABL) financial statements
NABL reported revenue of $509M in fiscal 2025, up 11.6% a year over 6 years.
Net income was -$19M and the operating margin 6.7%, against 13.9% in 2019.
Free cash flow was $75M.
The diluted share count rose 19% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NABL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $264M | $303M | $346M | $372M | $422M | $466M | $509M |
| Cost of revenue | $57M | $63M | $52M | $59M | $68M | $81M | $117M |
| Gross profit | $206M | $240M | $294M | $313M | $354M | $385M | $391M |
| Research and development | $37M | $43M | $54M | $63M | $78M | $91M | $101M |
| Selling, general and admin | $109M | $139M | $193M | $196M | $205M | $212M | $255M |
| Operating income | $37M | $34M | $33M | $47M | $70M | $82M | $34M |
| Pre-tax income | $3M | $5M | $12M | $30M | $45M | $54M | -$167,000 |
| Income tax | $6M | $12M | $11M | $14M | $21M | $23M | $19M |
| Net income | -$3M | -$7M | $113,000 | $17M | $24M | $31M | -$19M |
| EPS (diluted) | -$0.02 | -$0.05 | $0.00 | $0.09 | $0.13 | $0.16 | -$0.10 |
| Diluted shares | 158M | 158M | 169M | 181M | 186M | 188M | 188M |
| Gross margin | 78.2% | 79.1% | 84.9% | 84.2% | 83.8% | 82.6% | 76.9% |
| Operating margin | 13.9% | 11.1% | 9.6% | 12.7% | 16.7% | 17.6% | 6.7% |
| Net margin | -1.0% | -2.4% | 0.0% | 4.5% | 5.6% | 6.6% | -3.7% |
Balance sheet
Fiscal years, from NABL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $39M | $100M | $67M | $99M | $153M | $85M | $112M |
| Receivables | — | $29M | $33M | $35M | $40M | $45M | $50M |
| Total current assets | — | $136M | $121M | $154M | $225M | $184M | $216M |
| Property, plant and equipment | — | $20M | $39M | $37M | $37M | $37M | $38M |
| Goodwill | $837M | $874M | $841M | $829M | $838M | $977M | $1.0B |
| Total assets | — | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B |
| Total current liabilities | — | $55M | $61M | $62M | $82M | $150M | $184M |
| Long-term debt | — | $0 | $335M | $333M | $332M | $330M | $390M |
| Total liabilities | — | $449M | $437M | $437M | $451M | $580M | $608M |
| Shareholders' equity | $564M | $631M | $618M | $642M | $712M | $760M | $802M |
| Net debt | -$39M | -$100M | $272M | $238M | $182M | $248M | $282M |
Cash flow
Fiscal years, from NABL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $26M | $86M | $45M | $71M | $90M | $79M | $93M |
| Capital spending | $6M | $12M | $31M | $13M | $14M | $18M | $18M |
| Free cash flow | $20M | $74M | $15M | $59M | $76M | $62M | $75M |
| Stock-based compensation | $9M | $21M | $29M | $37M | $44M | $45M | $47M |
| Free cash flow margin | 7.5% | 24.3% | 4.2% | 15.8% | 18.1% | 13.3% | 14.8% |
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Open NABL in InvestinglyQuestions
What was NABL's revenue in 2025?
$509M in fiscal 2025, from its 10-K filing.
How much free cash flow does NABL generate?
$75M in fiscal 2025 (operating cash flow minus capital spending).
From NABL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.