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Jamf Holding Corp. Financials

JAMF
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Jamf Holding Corp. (JAMF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 30 / 100
Financial Profile 30/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
0

Jamf Holding Corp. has an operating margin of -11.0%, meaning the company retains $-11 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -20.6% the prior year.

Growth
53

Jamf Holding Corp.'s revenue grew 11.9% year-over-year to $627.4M, a solid pace of expansion. This earns a growth score of 53/100.

Leverage
77

Jamf Holding Corp. carries a low D/E ratio of 1.21, meaning only $1.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
15

Jamf Holding Corp.'s current ratio of 1.01 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.

Cash Flow
34

Jamf Holding Corp. has a free cash flow margin of 3.5%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

Jamf Holding Corp. generates a -9.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -15.3% the prior year.

Piotroski F-Score Neutral
5/9

Jamf Holding Corp. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-0.46x

For every $1 of reported earnings, Jamf Holding Corp. generates $-0.46 in operating cash flow ($31.2M OCF vs -$68.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-18.4x

Jamf Holding Corp. earns $-18.4 in operating income for every $1 of interest expense (-$69.1M vs $3.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$627.4M
YoY+11.9%
5Y CAGR+25.2%

Jamf Holding Corp. generated $627.4M in revenue in fiscal year 2024. This represents an increase of 11.9% from the prior year.

EBITDA
-$22.0M
YoY+66.1%

Jamf Holding Corp.'s EBITDA was -$22.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.1% from the prior year.

Net Income
-$68.5M
YoY+37.8%

Jamf Holding Corp. reported -$68.5M in net income in fiscal year 2024. This represents an increase of 37.8% from the prior year.

EPS (Diluted)
$-0.53
YoY+39.8%

Jamf Holding Corp. earned $-0.53 per diluted share (EPS) in fiscal year 2024. This represents an increase of 39.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$22.2M
YoY-32.8%
5Y CAGR+36.6%

Jamf Holding Corp. generated $22.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 32.8% from the prior year.

Cash & Debt
$224.7M
YoY-7.8%
5Y CAGR+47.3%

Jamf Holding Corp. held $224.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
129M
YoY+1.8%
5Y CAGR+4.7%

Jamf Holding Corp. had 129M shares outstanding in fiscal year 2024. This represents an increase of 1.8% from the prior year.

Margins & Returns

Gross Margin
77.5%
YoY-0.0pp
5Y CAGR+4.9pp

Jamf Holding Corp.'s gross margin was 77.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.0 percentage points from the prior year.

Operating Margin
-11.0%
YoY+9.6pp
5Y CAGR-0.3pp

Jamf Holding Corp.'s operating margin was -11.0% in fiscal year 2024, reflecting core business profitability. This is up 9.6 percentage points from the prior year.

Net Margin
-10.9%
YoY+8.7pp
5Y CAGR+5.9pp

Jamf Holding Corp.'s net profit margin was -10.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.7 percentage points from the prior year.

Return on Equity
-9.6%
YoY+5.8pp
5Y CAGR-2.7pp

Jamf Holding Corp.'s ROE was -9.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.8 percentage points from the prior year.

Capital Allocation

R&D Spending
$139.0M
YoY+3.4%
5Y CAGR+26.5%

Jamf Holding Corp. invested $139.0M in research and development in fiscal year 2024. This represents an increase of 3.4% from the prior year.

Share Buybacks
$35.4M

Jamf Holding Corp. spent $35.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$9.0M
YoY+207.1%
5Y CAGR+4.6%

Jamf Holding Corp. invested $9.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 207.1% from the prior year.

JAMF Income Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Revenue $183.5M+4.0% $176.5M+5.3% $167.6M+2.9% $163.0M+2.3% $159.3M+4.1% $153.0M+0.6% $152.1M+1.0% $150.6M
Cost of Revenue $44.0M+0.4% $43.8M+18.0% $37.1M+5.4% $35.2M-2.3% $36.0M+2.9% $35.0M-0.3% $35.1M+5.7% $33.2M
Gross Profit $139.5M+5.1% $132.7M+1.7% $130.5M+2.2% $127.8M+3.7% $123.3M+4.4% $118.0M+0.8% $117.0M-0.4% $117.5M
R&D Expenses $38.6M-1.5% $39.2M+10.6% $35.5M+4.4% $34.0M-5.6% $36.0M+3.5% $34.8M+1.4% $34.3M+4.1% $32.9M
SG&A Expenses $35.0M-2.4% $35.9M+9.8% $32.7M-3.4% $33.8M-6.4% $36.1M+5.0% $34.4M+6.9% $32.2M-7.8% $34.9M
Operating Income -$3.4M+77.2% -$15.0M-260.4% -$4.2M+65.8% -$12.2M+23.3% -$15.9M+20.6% -$20.0M+5.4% -$21.1M-4.2% -$20.3M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax -$1.8M-151.1% $3.6M+2155.1% -$176K-700.0% -$22K-101.7% $1.3M-4.1% $1.4M+31.0% $1.0M-7.9% $1.1M
Net Income -$4.5M+78.4% -$20.9M-4046.1% $529K+103.2% -$16.4M-34.2% -$12.2M+36.5% -$19.3M+6.1% -$20.5M-17.9% -$17.4M
EPS (Diluted) $-0.03+81.3% $-0.16 $0.00 N/A $-0.10+33.3% $-0.15+6.3% $-0.16 N/A

JAMF Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Total Assets $2.1B+2.4% $2.1B+31.6% $1.6B+0.5% $1.6B-0.3% $1.6B+2.4% $1.5B-1.1% $1.6B-1.6% $1.6B
Current Assets $777.2M+10.7% $702.3M+62.7% $431.6M+1.6% $424.7M+6.5% $398.7M+6.6% $374.0M-3.3% $386.7M-4.0% $402.6M
Cash & Equivalents $547.2M+13.6% $481.5M+116.6% $222.4M-1.0% $224.7M+2.9% $218.4M+8.7% $200.9M-10.5% $224.5M-7.8% $243.6M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $154.7M+2.9% $150.3M+8.6% $138.4M-0.3% $138.8M+21.7% $114.0M+4.5% $109.1M+14.2% $95.5M-11.8% $108.2M
Goodwill $1.1B-0.5% $1.1B+19.3% $891.0M+1.0% $882.6M-1.9% $900.1M+1.7% $885.4M0.0% $885.0M-0.2% $887.1M
Total Liabilities $1.4B+2.9% $1.3B+56.3% $841.4M-2.6% $864.2M+0.1% $863.7M+1.1% $854.5M+0.8% $847.7M-2.8% $872.1M
Current Liabilities $893.8M+85.1% $482.8M+21.0% $399.1M-5.3% $421.4M+0.6% $419.0M+2.4% $409.0M+1.3% $404.0M-4.3% $422.1M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $786.7M+1.5% $775.2M+3.7% $747.2M+4.4% $716.0M-0.6% $720.5M+4.1% $692.3M-3.3% $716.1M-0.2% $717.5M
Retained Earnings -$547.5M-0.8% -$543.0M-4.0% -$522.1M+0.1% -$522.6M-3.2% -$506.2M-2.5% -$493.9M-12.4% -$439.3M-4.9% -$418.8M

JAMF Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Operating Cash Flow $65.6M+74.0% $37.7M+827.6% $4.1M-58.0% $9.7M-58.1% $23.1M+61.4% $14.3M+190.0% -$15.9M-199.9% $15.9M
Capital Expenditures $718K-11.1% $808K-73.5% $3.0M+30.6% $2.3M-40.8% $3.9M+303.0% $978K-44.3% $1.8M+326.0% $412K
Free Cash Flow $64.9M+75.9% $36.9M+3529.3% $1.0M-86.1% $7.3M-61.7% $19.2M+43.7% $13.3M+175.5% -$17.7M-213.9% $15.5M
Investing Cash Flow -$694K+99.6% -$176.4M-2821.2% -$6.0M-159.9% -$2.3M+41.0% -$3.9M-70.7% -$2.3M+28.5% -$3.2M-721.9% -$393K
Financing Cash Flow $684K-99.8% $398.2M+11160.2% -$3.6M-385.8% -$741K+61.3% -$1.9M+95.1% -$39.2M-14109.6% $280K+70.7% $164K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $0 N/A N/A $0 $0 N/A N/A $0

JAMF Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Gross Margin 76.0%+0.8pp 75.2%-2.7pp 77.9%-0.5pp 78.4%+1.0pp 77.4%+0.3pp 77.1%+0.2pp 76.9%-1.0pp 78.0%
Operating Margin -1.9%+6.6pp -8.5%-6.0pp -2.5%+5.0pp -7.5%+2.5pp -10.0%+3.1pp -13.1%+0.8pp -13.9%-0.4pp -13.5%
Net Margin -2.5%+9.4pp -11.8%-12.2pp 0.3%+10.4pp -10.1%-2.4pp -7.7%+4.9pp -12.6%+0.9pp -13.5%-1.9pp -11.6%
Return on Equity -0.6%+2.1pp -2.7%-2.8pp 0.1%+2.4pp -2.3%-0.6pp -1.7%+1.1pp -2.8%+0.1pp -2.9%-0.4pp -2.4%
Return on Assets -0.2%+0.8pp -1.0%-1.0pp 0.0%+1.1pp -1.0%-0.3pp -0.8%+0.5pp -1.3%+0.1pp -1.3%-0.2pp -1.1%
Current Ratio 0.87-0.6 1.45+0.4 1.08+0.1 1.01+0.1 0.95+0.0 0.91-0.0 0.960.0 0.95
Debt-to-Equity 1.72+0.0 1.70+0.6 1.13-0.1 1.210.0 1.20-0.0 1.23+0.1 1.18-0.0 1.22
FCF Margin 35.4%+14.5pp 20.9%+20.3pp 0.6%-3.9pp 4.5%-7.5pp 12.0%+3.3pp 8.7%+20.3pp -11.6%-21.9pp 10.3%

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Frequently Asked Questions

Jamf Holding Corp. (JAMF) reported $627.4M in total revenue for fiscal year 2024. This represents a 11.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Jamf Holding Corp. (JAMF) revenue grew by 11.9% year-over-year, from $560.6M to $627.4M in fiscal year 2024.

No, Jamf Holding Corp. (JAMF) reported a net income of -$68.5M in fiscal year 2024, with a net profit margin of -10.9%.

Jamf Holding Corp. (JAMF) reported diluted earnings per share of $-0.53 for fiscal year 2024. This represents a 39.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Jamf Holding Corp. (JAMF) had EBITDA of -$22.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

Jamf Holding Corp. (JAMF) had a gross margin of 77.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Jamf Holding Corp. (JAMF) had an operating margin of -11.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Jamf Holding Corp. (JAMF) had a net profit margin of -10.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Jamf Holding Corp. (JAMF) has a return on equity of -9.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Jamf Holding Corp. (JAMF) generated $22.2M in free cash flow during fiscal year 2024. This represents a -32.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Jamf Holding Corp. (JAMF) generated $31.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Jamf Holding Corp. (JAMF) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.

Jamf Holding Corp. (JAMF) invested $9.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Jamf Holding Corp. (JAMF) invested $139.0M in research and development during fiscal year 2024.

Yes, Jamf Holding Corp. (JAMF) spent $35.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Jamf Holding Corp. (JAMF) had 129M shares outstanding as of fiscal year 2024.

Jamf Holding Corp. (JAMF) had a current ratio of 1.01 as of fiscal year 2024, which is considered adequate.

Jamf Holding Corp. (JAMF) had a debt-to-equity ratio of 1.21 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Jamf Holding Corp. (JAMF) had a return on assets of -4.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Jamf Holding Corp. (JAMF) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Jamf Holding Corp. (JAMF) has an earnings quality ratio of -0.46x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Jamf Holding Corp. (JAMF) has an interest coverage ratio of -18.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Jamf Holding Corp. (JAMF) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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