Jamf Holding Corp. Financials
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).
Jamf is scaling a high-gross-margin software model, but growth now arrives with weaker cash conversion and tight liquidity.
Even as operating margin improved to-11.0% , free cash flow margin shrank to3.5% . That mismatch, alongside receivables reaching$138.8M while operating cash flow was only$31.2M , suggests more sales are being booked with slower cash collection rather than cleaner conversion of revenue into cash.
A stable gross margin near
The balance sheet is usable but not roomy: the current ratio sits around 1.0x and cash is
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Jamf Holding Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Jamf Holding Corp. has an operating margin of -11.0%, meaning the company retains $-11 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from -20.6% the prior year.
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 74/100.
Jamf Holding Corp. has a moderate D/E ratio of 1.21. This balance of debt and equity financing earns a leverage score of 43/100.
Jamf Holding Corp.'s current ratio of 1.01 is below the typical benchmark, resulting in a score of 19/100. However, the company holds substantial cash reserves (53% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Jamf Holding Corp. has a free cash flow margin of 3.5%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.
Jamf Holding Corp.'s ROE of -9.6% shows moderate profitability relative to equity, earning a score of 37/100. This is up from -15.3% the prior year.
Jamf Holding Corp. scores 1.01, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.7B) relative to total liabilities ($864.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Jamf Holding Corp. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
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.
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
Earnings & Revenue
Jamf Holding Corp. generated $627.4M in revenue in fiscal year 2024. This represents an increase of 11.9% from the prior year.
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.
Jamf Holding Corp. reported -$68.5M in net income in fiscal year 2024. This represents an increase of 37.8% from the prior year.
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
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.
Jamf Holding Corp. held $224.7M in cash against $0 in long-term debt as of fiscal year 2024.
Jamf Holding Corp. had 129M shares outstanding in fiscal year 2024. This represents an increase of 1.8% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
Jamf Holding Corp. spent $35.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
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
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 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 return on equity (ROE)?
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.
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.
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 Altman Z-Score?
Jamf Holding Corp. (JAMF) has an Altman Z-Score of 1.01, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Jamf Holding Corp.'s Piotroski F-Score?
Jamf Holding Corp. (JAMF) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.