N-able (NABL) Operating Leases (2020 - 2026)
N-able (NABL) reported Operating Leases of $36.86 million for Q2 2026, up 14.1% from $32.31 million a year earlier and up 1.8% from the prior quarter.
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Analysis
N-able (NABL) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025, N-able posted Operating Leases of $29.28 million, down 2.6% from FY2024.
- Operating Leases has declined for four consecutive years, though with a five-year compound annual growth rate of 14.9% (FY2020 to FY2025).
- By year, Operating Leases came in at $30.07 million in FY2024 (-9.1%), $33.06 million in FY2023 (-0.1%), $33.11 million in FY2022 (-12.5%) and $37.82 million in FY2021 (+158.3%).
- The Q2 2026 figure ranks as the highest quarterly Operating Leases since Q1 2022.
- Year over year, Operating Leases gained in four of the last eight quarters, with growth averaging 2.9%.
- The high point for year-over-year Operating Leases in five years was Q4 2021 (growth of 158.3%); the low point was Q3 2022 (a decline of 26.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $36.2 million (Q1 2026), $29.28 million (Q4 2025) and $30.37 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 316.55 Bn | 301.63 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 269.03 Bn | 249.47 Bn | 1.10 Bn |
| 3 | Fortinet | 129.08 Bn | 115.01 Bn | 1.64 Bn |
| 4 | Snowflake | 116.42 Bn | 103.73 Bn | 1.04 Bn |
| 5 | Datadog | 96.40 Bn | 78.04 Bn | 881.34 Mn |
| 6 | Okta | 34.24 Bn | 24.34 Bn | 641.00 Mn |
| 7 | Axon Enterprise | 34.08 Bn | 28.61 Bn | 546.45 Mn |
| 8 | Zscaler | 32.34 Bn | 18.46 Bn | - |
| 9 | Baidu | 29.50 Bn | -44.13 Bn | 1.47 Mn |
| 10 | N-able | 793.40 Mn | 346.51 Mn | 106.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.86 Mn |
| Mar 31, 2026 | 36.20 Mn |
| Dec 31, 2025 | 29.28 Mn |
| Sep 30, 2025 | 30.37 Mn |
| Jun 30, 2025 | 32.31 Mn |
| Mar 31, 2025 | 30.79 Mn |
| Dec 31, 2024 | 30.07 Mn |
| Sep 30, 2024 | 32.18 Mn |
| Jun 30, 2024 | 30.20 Mn |
| Mar 31, 2024 | 31.55 Mn |
| Dec 31, 2023 | 33.06 Mn |
| Sep 30, 2023 | 30.91 Mn |
| Jun 30, 2023 | 30.69 Mn |
| Mar 31, 2023 | 31.77 Mn |
| Dec 31, 2022 | 33.11 Mn |
| Sep 30, 2022 | 34.13 Mn |
| Jun 30, 2022 | 36.18 Mn |
| Mar 31, 2022 | 36.91 Mn |
| Dec 31, 2021 | 37.82 Mn |
| Sep 30, 2021 | 46.46 Mn |
API Access
N-able Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=NABL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "NABL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=NABL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();