Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events Workforce Reorganization On July 20, 2026, the Company approved a plan to reorganize its global workforce, reducing headcount by approximately 6%, as part of cost-reduction initiatives intended to align investments with highest priority opportunities, operate a streamlined organization, and drive high levels of productivity. The Company estimates one-time cash charges of $4 million to $6 million, primarily severance and related employee benefit costs, the majority of which are expected to be incurred in the third quarter of 2026, subject to applicable legal requirements. The reorganization is expected to result in annual cash compensation savings of $11 million to $13 million and non-cash savings of $1.5 million to $2.5 million related to previously granted, unvested stock-based compensation that would have vested over the next twelve months. No liability has been recorded as of June 30, 2026, as the plan was approved subsequent to quarter-end. Asset Acquisition On July 29, 2026, N-able Technologies Ltd, a wholly owned subsidiary of the Company, entered into an Asset Purchase Agreement with a third party to acquire certain customer contracts, to be accounted for as an asset acquisition. Consideration consists of $3.0 million in cash paid at closing, plus additional payments over 36 months equal to Converted ARR (as defined in the Asset Purchase Agreement) in excess of $3.0 million (up to $6.0 million), plus 125% of any such Converted ARR in excess of $6.0 million. The Company has not yet completed its determination of the resulting impact on its consolidated financial statements. Software Licensing Agreement On July 31, 2026, N-able entered into an amendment to an existing software licensing agreement with a technology vendor, establishing a new minimum spend commitment of $56.0 million for the period from August 1, 2026 through July 31, 2029. If N-able’s actual spend under the agreement during that period is less than $56.0 million, N-able will owe the vendor the shortfall, payable no later than January 31, 2030. The vendor has also agreed to provide up to $5.0 million in go-to-market investment funds during the commitment period to support N-able-approved marketing initiatives. See Contractual Obligations and Commitments section of Management's Discussion and Analysis of Financial Condition and Results of Operations for further details regarding our contractual obligations and commitments as of June 30, 2026.
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