N-able, Inc. Q1 FY2026 earnings call

Key managerial messages include being well - positioned in the agentic era with the introduction of Enzo, an AI assistant in the UEM offering to alleviate high - volume operational work for technicians. DRAS is in limited preview with positive early feedback. Enzo has received good feedback though initial phase is not directly monetizable. The launch of Google Workspace later in the year and data protection offerings are expected to boost the data protection story.

ARR is more back - half - led due to new offerings such as DRAS and Google Backup. DRAS will have a full launch in the back half of the year. Google Workspace - related products are in the back half of the year. There is an expectation of a slight benefit from pricing and packaging changes in FY26.

Q: On the macro environment, has it changed given geopolitical issues?

A: No, not seeing any slowdown from geopolitical issues.

Q: Talk through what is driving the two - point NRR improvement?

A: Cross - selling MDR into the customer base and FX benefit.

Q: If frontier AI cyber developments are changing customer urgency around core products?

A: Driving more conversation and awareness but not necessarily showing up in the pipeline.

Q: How to think about net new ARR for the remainder of the year?

A: More back - half - led due to new offerings.

Q: Has developments with Anthropic and Mythos changed customer behavior in patch management?

A: Making patching and vulnerability management more top of mind.

Q: Adoption trends and uptake of new products and embedding expectations into the guide?

A: DRAS is in limited preview with positive early feedback, Enzo has good feedback but initial phase is not directly monetizable, Google is in the back half, and there is an expected slight benefit from pricing and packaging changes