Jamf Holding Corp. Financials

JAMF

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

Financial Health Signals

Financial Profile 33/100

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

Profitability

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

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 63/100.

Leverage

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 66/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

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 20/100, which could limit financial flexibility.

Cash Flow

Jamf Holding Corp.'s free cash flow margin of 3.5% results in a low score of 18/100. Capital expenditures of $9.0M absorb a large share of operating cash flow.

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.

This page shows Jamf Holding Corp. (JAMF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

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Key Financial Metrics

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.

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.

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 & 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.

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

N/A

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	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$627.4M+11.9%	$560.6M+17.1%	$478.8M+30.7%	$366.4M+36.1%	$269.1M+32.0%	$204.0M
Cost of Revenue	$141.3M+12.1%	$126.1M+5.7%	$119.2M+32.0%	$90.4M+48.1%	$61.0M+9.0%	$56.0M
Gross Profit	$486.1M+11.9%	$434.5M+20.8%	$359.5M+30.3%	$276.0M+32.6%	$208.1M+40.6%	$148.0M
R&D Expenses	$139.0M+3.4%	$134.4M+12.1%	$119.9M+45.3%	$82.5M+57.2%	$52.5M+22.4%	$42.9M
SG&A Expenses	$136.6M+1.0%	$135.2M+2.0%	$132.6M+37.8%	$96.2M+86.4%	$51.6M+63.8%	$31.5M
Operating Income	-$69.1M+40.0%	-$115.2M+17.0%	-$138.9M-82.2%	-$76.2M-336.6%	-$17.5M+20.4%	-$21.9M
Interest Expense	$3.8M+5.2%	$3.6M+0.9%	$3.5M+41.5%	$2.5M-76.9%	$10.8M-50.7%	$21.9M
Income Tax	$3.7M+62.2%	$2.3M+349.6%	-$913K+80.9%	-$4.8M+51.9%	-$10.0M+0.8%	-$10.0M
Net Income	-$68.5M+37.8%	-$110.1M+22.1%	-$141.3M-87.9%	-$75.2M-212.2%	-$24.1M+29.9%	-$34.3M
EPS (Diluted)	$-0.53+39.8%	$-0.88+24.8%	$-1.17-82.8%	$-0.64-190.9%	$-0.22+33.3%	$-0.33

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$183.5M+4.0%	$176.5M+5.3%	$167.6M+2.9%	$163.0M+6.5%	$153.0M+0.6%	$152.1M+1.0%	$150.6M+5.6%	$142.6M
Cost of Revenue	$44.0M+0.4%	$43.8M+18.0%	$37.1M+5.4%	$35.2M+0.6%	$35.0M-0.3%	$35.1M+5.7%	$33.2M+2.9%	$32.2M
Gross Profit	$139.5M+5.1%	$132.7M+1.7%	$130.5M+2.2%	$127.8M+8.3%	$118.0M+0.8%	$117.0M-0.4%	$117.5M+6.4%	$110.4M
R&D Expenses	$38.6M-1.5%	$39.2M+10.6%	$35.5M+4.4%	$34.0M-2.3%	$34.8M+1.4%	$34.3M+4.1%	$32.9M-5.1%	$34.7M
SG&A Expenses	$35.0M-2.4%	$35.9M+9.8%	$32.7M-3.4%	$33.8M-1.8%	$34.4M+6.9%	$32.2M-7.8%	$34.9M-2.7%	$35.9M
Operating Income	-$3.4M+77.2%	-$15.0M-260.4%	-$4.2M+65.8%	-$12.2M+39.1%	-$20.0M+5.4%	-$21.1M-4.2%	-$20.3M+36.4%	-$31.9M
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-101.6%	$1.4M+31.0%	$1.0M-7.9%	$1.1M+303.6%	-$556K
Net Income	-$4.5M+78.4%	-$20.9M-4046.1%	$529K+103.2%	-$16.4M+14.7%	-$19.3M+6.1%	-$20.5M-17.9%	-$17.4M+46.1%	-$32.3M
EPS (Diluted)	$-0.03+81.3%	$-0.16	$0.00+100.0%	$-0.12+20.0%	$-0.15+6.3%	$-0.16-23.1%	$-0.13+50.0%	$-0.26

JAMF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.6B-0.6%	$1.6B+3.9%	$1.5B+3.3%	$1.5B+37.8%	$1.1B+18.8%	$904.3M
Current Assets	$424.7M+5.5%	$402.6M+14.7%	$351.0M+20.4%	$291.6M+1.5%	$287.2M+201.4%	$95.3M
Cash & Equivalents	$224.7M-7.8%	$243.6M+8.6%	$224.3M+26.6%	$177.2M-9.1%	$194.9M+501.9%	$32.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$138.8M+28.2%	$108.2M+22.8%	$88.2M+11.4%	$79.1M+14.6%	$69.1M+48.3%	$46.6M
Goodwill	$882.6M-0.5%	$887.1M+3.5%	$856.9M+1.3%	$845.7M+56.2%	$541.5M+0.3%	$539.8M
Total Liabilities	$864.2M-0.9%	$872.1M+5.3%	$828.2M+11.6%	$742.0M+181.8%	$263.3M-34.8%	$403.6M
Current Liabilities	$421.4M-0.2%	$422.1M+16.9%	$361.0M+26.0%	$286.5M+43.6%	$199.6M+31.8%	$151.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$201.3M
Total Equity	$716.0M-0.2%	$717.5M+2.3%	$701.3M-5.0%	$738.4M-9.0%	$811.0M+62.0%	$500.7M
Retained Earnings	-$522.6M-24.8%	-$418.8M-35.7%	-$308.7M-84.4%	-$167.4M-81.5%	-$92.2M-35.3%	-$68.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.1B+2.4%	$2.1B+31.6%	$1.6B+0.5%	$1.6B+2.2%	$1.5B-1.1%	$1.6B-1.6%	$1.6B+2.4%	$1.6B
Current Assets	$777.2M+10.7%	$702.3M+62.7%	$431.6M+1.6%	$424.7M+13.5%	$374.0M-3.3%	$386.7M-4.0%	$402.6M+8.2%	$372.0M
Cash & Equivalents	$547.2M+13.6%	$481.5M+116.6%	$222.4M-1.0%	$224.7M+11.9%	$200.9M-10.5%	$224.5M-7.8%	$243.6M+7.0%	$227.6M
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+27.2%	$109.1M+14.2%	$95.5M-11.8%	$108.2M+13.5%	$95.4M
Goodwill	$1.1B-0.5%	$1.1B+19.3%	$891.0M+1.0%	$882.6M-0.3%	$885.4M0.0%	$885.0M-0.2%	$887.1M+1.2%	$876.8M
Total Liabilities	$1.4B+2.9%	$1.3B+56.3%	$841.4M-2.6%	$864.2M+1.1%	$854.5M+0.8%	$847.7M-2.8%	$872.1M+2.3%	$852.6M
Current Liabilities	$893.8M+85.1%	$482.8M+21.0%	$399.1M-5.3%	$421.4M+3.0%	$409.0M+1.3%	$404.0M-4.3%	$422.1M+5.2%	$401.3M
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+3.4%	$692.3M-3.3%	$716.1M-0.2%	$717.5M+2.6%	$699.4M
Retained Earnings	-$547.5M-0.8%	-$543.0M-4.0%	-$522.1M+0.1%	-$522.6M-5.8%	-$493.9M-12.4%	-$439.3M-4.9%	-$418.8M-4.3%	-$401.4M

JAMF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$31.2M-13.3%	$36.0M-60.0%	$90.0M+38.1%	$65.2M+23.4%	$52.8M+345.7%	$11.8M
Capital Expenditures	$9.0M+207.1%	$2.9M-62.0%	$7.7M-20.8%	$9.8M+123.3%	$4.4M-39.2%	$7.2M
Free Cash Flow	$22.2M-32.8%	$33.0M-59.9%	$82.3M+48.5%	$55.4M+14.4%	$48.4M+940.2%	$4.7M
Investing Cash Flow	-$11.8M+47.5%	-$22.5M+35.4%	-$34.8M+91.0%	-$387.4M-5534.4%	-$6.9M+85.5%	-$47.4M
Financing Cash Flow	-$41.6M-881.9%	$5.3M+1938.7%	$261K-99.9%	$305.5M+163.5%	$116.0M+304.7%	$28.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$35.4M	$0	$0	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$65.6M+74.0%	$37.7M+827.6%	$4.1M-58.0%	$9.7M-32.4%	$14.3M+190.0%	-$15.9M-199.9%	$15.9M-52.2%	$33.3M
Capital Expenditures	$718K-11.1%	$808K-73.5%	$3.0M+30.6%	$2.3M+138.8%	$978K-44.3%	$1.8M+326.0%	$412K-44.0%	$736K
Free Cash Flow	$64.9M+75.9%	$36.9M+3529.3%	$1.0M-86.1%	$7.3M-44.9%	$13.3M+175.5%	-$17.7M-213.9%	$15.5M-52.3%	$32.5M
Investing Cash Flow	-$694K+99.6%	-$176.4M-2821.2%	-$6.0M-159.9%	-$2.3M-0.7%	-$2.3M+28.5%	-$3.2M-721.9%	-$393K+98.0%	-$19.5M
Financing Cash Flow	$684K-99.8%	$398.2M+11160.2%	-$3.6M-385.8%	-$741K+98.1%	-$39.2M-14109.6%	$280K+70.7%	$164K-93.9%	$2.7M
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	N/A	N/A	$0	$0

JAMF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	77.5%-0.0pp	77.5%+2.4pp	75.1%-0.2pp	75.3%-2.0pp	77.3%+4.8pp	72.6%
Operating Margin	-11.0%+9.6pp	-20.6%+8.5pp	-29.0%-8.2pp	-20.8%-14.3pp	-6.5%+4.3pp	-10.8%
Net Margin	-10.9%+8.7pp	-19.6%+9.9pp	-29.5%-9.0pp	-20.5%-11.6pp	-8.9%+7.9pp	-16.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-4.3%+2.6pp	-6.9%+2.3pp	-9.2%-4.2pp	-5.1%-2.8pp	-2.2%+1.6pp	-3.8%
Current Ratio	1.01+0.1	0.95-0.0	0.97-0.0	1.02-0.4	1.44+0.8	0.63
Debt-to-Equity	1.210.0	1.22+0.0	1.18+0.2	1.00+0.7	0.32-0.1	0.40
FCF Margin	3.5%-2.4pp	5.9%-11.3pp	17.2%+2.1pp	15.1%-2.9pp	18.0%+15.7pp	2.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	76.0%+0.8pp	75.2%-2.7pp	77.9%-0.5pp	78.4%+1.3pp	77.1%+0.2pp	76.9%-1.0pp	78.0%+0.6pp	77.4%
Operating Margin	-1.9%+6.6pp	-8.5%-6.0pp	-2.5%+5.0pp	-7.5%+5.6pp	-13.1%+0.8pp	-13.9%-0.4pp	-13.5%+8.9pp	-22.4%
Net Margin	-2.5%+9.4pp	-11.8%-12.2pp	0.3%+10.4pp	-10.1%+2.5pp	-12.6%+0.9pp	-13.5%-1.9pp	-11.6%+11.1pp	-22.6%
Return on Equity	N/A	N/A	0.1%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-0.2%+0.8pp	-1.0%-1.0pp	0.0%+1.1pp	-1.0%+0.2pp	-1.3%+0.1pp	-1.3%-0.2pp	-1.1%+1.0pp	-2.1%
Current Ratio	0.87-0.6	1.45+0.4	1.08+0.1	1.01+0.1	0.91-0.0	0.960.0	0.95+0.0	0.93
Debt-to-Equity	1.72+0.0	1.70+0.6	1.13-0.1	1.21-0.0	1.23+0.1	1.18-0.0	1.220.0	1.22
FCF Margin	35.4%+14.5pp	20.9%+20.3pp	0.6%-3.9pp	4.5%-4.2pp	8.7%+20.3pp	-11.6%-21.9pp	10.3%-12.5pp	22.8%

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Frequently Asked Questions

What is Jamf Holding Corp.'s annual revenue?

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.

How fast is Jamf Holding Corp.'s revenue growing?

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

Is Jamf Holding Corp. profitable?

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

What is Jamf Holding Corp.'s earnings per share (EPS)?

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.

What is Jamf Holding Corp.'s EBITDA?

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

What is Jamf Holding Corp.'s gross margin?

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.

What is Jamf Holding Corp.'s operating margin?

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.

What is Jamf Holding Corp.'s net profit margin?

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.

What is Jamf Holding Corp.'s free cash flow?

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.

What is Jamf Holding Corp.'s operating cash flow?

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

What are Jamf Holding Corp.'s total assets?

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

What are Jamf Holding Corp.'s capital expenditures?

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

How much does Jamf Holding Corp. spend on research and development?

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

Does Jamf Holding Corp. buy back shares?

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

How many shares does Jamf Holding Corp. have outstanding?

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

What is Jamf Holding Corp.'s current ratio?

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

What is Jamf Holding Corp.'s debt-to-equity ratio?

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.

What is Jamf Holding Corp.'s return on assets (ROA)?

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.

What is Jamf Holding Corp.'s Piotroski F-Score?

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.

Are Jamf Holding Corp.'s earnings high quality?

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.

Can Jamf Holding Corp. cover its interest payments?

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.

How financially healthy is Jamf Holding Corp.?

Jamf Holding Corp. (JAMF) scores 33 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.