Jamf Holding Corp. (JAMF) Earnings History

Jamf Holding Corp. - Q3 FY2025 Earnings

Filed at: Nov 10, 2025, 4:06 PM EST|Read from source

EXECUTIVE SUMMARY

Jamf reported a strong third quarter with significant year-over-year growth in revenue and ARR, driven by its platform solutions and the Identity Automation acquisition. The company also demonstrated substantial improvements in profitability and cash flow, with non-GAAP operating income and adjusted EBITDA showing robust increases.

POSITIVE HIGHLIGHTS

  • •

    Total revenue increased 15% year-over-year to $183.5 million.

    positive
  • •

    ARR grew 16% year-over-year to $728.6 million.

    positive
  • •

    Security ARR grew 44% year-over-year to $216 million, representing 30% of total ARR.

    positive
  • •

    Non-GAAP operating income increased 68% year-over-year to $47.2 million, with margins expanding to 26%.

    positive
  • •

    Adjusted EBITDA grew 68% year-over-year to $49.6 million, representing 27% of total revenue.

    positive
  • •

    Cash flow from operations TTM grew 213% year-over-year to $117.1 million.

    positive
  • •

    Unlevered free cash flow TTM grew 82% year-over-year to $147.5 million.

    positive

CONCERNS & RISKS

  • •

    The company is suspending financial guidance for the full fiscal year 2025 and will not provide guidance for Q4 2025 due to the pending acquisition by Francisco Partners.

    attention
  • •

    GAAP operating loss was $3.4 million, although this improved significantly from $15.9 million in the prior year.

    attention
  • •

    GAAP net loss was $4.5 million, a decrease from $12.2 million in the prior year, indicating continued losses on a GAAP basis.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$183.49M
+15.2%
Prior year: $159.29M
Annual (YTD)
$527.62M
N/A
Prior year: $464.43M
Net Income
Quarterly
$-4.51M
-63.0%
Prior year: $-12.24M
Annual (YTD)
$-24.86M
N/A
Prior year: $-52.03M
EPS (Diluted)
Quarterly
$-0.03
-70.0%
Prior year: $-0.10
Annual (YTD)
$-0.19
N/A
Prior year: $-0.41
Operating Income
Quarterly
$-3.42M
-78.5%
Prior year: $-15.86M
Annual (YTD)
$-22.55M
N/A
Prior year: $-56.94M
EPS (Basic)
Quarterly
$-0.03
-70.0%
Prior year: $-0.10
Annual (YTD)
$-0.19
N/A
Prior year: $-0.41

MARGIN ANALYSIS

Gross Margin
Current Quarter
76.0%
Prior Year
77.4%
YoY Change
-140 bps
Operating Margin
Current Quarter
-1.9%
Prior Year
-10.0%
YoY Change
+810 bps
Net Margin
Current Quarter
-2.5%
Prior Year
-7.7%
YoY Change
+520 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT COMMENTARY

The company is subject to a pending acquisition by Francisco Partners, which has led to the suspension of financial guidance.

— Jamf Holding Corp., Q3 FY2025 2025 Earnings Call

Jamf's platform solutions and the Identity Automation acquisition are key drivers of growth, particularly in security ARR.

— Jamf Holding Corp., Q3 FY2025 2025 Earnings Call

Significant improvements in profitability and cash flow generation were noted, with strong growth in non-GAAP operating income and adjusted EBITDA.

— Jamf Holding Corp., Q3 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Arr From Management Solutions Pct
70
Prior year: 76
percent
Arr From Security Solutions Pct
30
Prior year: 24
percent
Dollar Based Net Retention Rate
104
Prior year: 106
percent
Security Arr
216.0M
+44.0% YoY
dollars

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.