v3.25.2
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Consideration Paid And Amounts Recognized for Assets Acquired And Liabilities Assumed
The following table summarizes the amounts recognized for the assets acquired and liabilities assumed:

(in thousands)
Current liabilities, net, including cash acquired of $52
$(9,071)
Property and equipment, net182 
Non-current liabilities, net(4,754)
Identifiable intangible assets
Developed technology74,800 
Customer relationships5,400 
Trademarks300 
Goodwill160,124 
Total assets acquired, net$226,981 

The following table summarizes the total consideration for the assets acquired and liabilities assumed:

(in thousands)
Cash paid$98,447 
Settlement of pre-existing relationships(312)
Deferred consideration96,269 
Equity consideration14,678 
Consideration payable in cash or equity1,279 
Contingent consideration16,620 
Total consideration, net$226,981 
The following table summarizes the amounts recognized for the assets acquired and liabilities assumed:

(in thousands)
Current assets, including cash acquired of $6
$128 
Property and equipment, net48 
Current liabilities(1,199)
Non-current deferred tax liabilities(764)
Identifiable intangible assets
Developed technology8,890 
Customer relationships80 
Goodwill7,176 
Total assets acquired, net$14,359 
Schedule of Fair Value Of Acquired Identifiable Intangible Assets And Weighted-average Useful Life
The following table summarizes the fair value of the acquired identifiable intangible assets and weighted-average useful life by category:
Fair ValueWeighted-Average Useful Life
(in thousands)(in years)
Developed technology$74,800 5
Customer relationships5,400 3
Trademarks300 2
Total identifiable intangible assets$80,500 
Schedule of Pro Forma Information The unaudited pro forma information reflects the effects of applying our accounting policies and a pro forma adjustment to the combined historical financial information of N-able and Adlumin, which includes transaction related costs, incremental amortization expense associated with the fair value of the acquired identifiable intangible assets, and the estimated income tax effect.
Year Ended December 31, 2024Year Ended December 31, 2023
ActualPro FormaActualPro Forma
(in thousands)
Revenue$466,147 $482,668 $421,880 $432,734 
Net income (loss)$30,958 $(3,103)$23,412 $(25,976)