HIGHBuilt-inGeographic
50.4%
outside the United States
“10-K Item 1: 'Our business is global, with 50.4%, 51.8% and 51.2% of our revenue generated outside of the United States for the years ended December 31, 2025, 2024 and 2023, respectively.'”
NABL · Concentration risk · 10-K extracted
N-able (NABL) concentration risks
Updated
The most significant concentration N-able discloses is outside the United States at 50.4%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: N-able’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06N-able's revenue base is genuinely global, with 50.4% of revenue generated outside of the United States, a high-size structural concentration. This is not a dependency on any single customer, supplier, or country, but rather a broad geographic split that ties over half of the company's results to international markets and, by extension, to currency fluctuations, regional IT-spending cycles, and international regulatory or macroeconomic conditions. Because this figure has held in a similar range — 50.4%, 51.8%, and 51.2% across the three years disclosed — it reflects a stable structural feature of the business rather than a recent or transient shift. With no other concentration claims disclosed in the reviewed sources, this U.S./international revenue split is the primary lens for evaluating concentration risk here: the investment case is more exposed to global macro and currency conditions than to any single counterparty risk, and a company with this degree of international diversification is generally less vulnerable to a single-market shock than one concentrated entirely domestically, even as it takes on foreign-exchange and cross-border regulatory exposure in exchange.
For the engine’s reasoning on NABL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Information Technology Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CACI | CACI International, Inc. | 3 | 1 | 0 | 4 |
| BBAI | BigBear.ai, Inc. | 1 | 1 | 0 | 2 |
| NABL● | N-able, Inc. | 1 | 0 | 0 | 1 |
| ACN | Accenture plc | 0 | 0 | 0 | 0 |
| APLD | Applied Digital Corporation | 0 | 0 | 0 | 0 |
| BR | Broadridge Financial Solutions, | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.