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Globe and Mail
07-08-2025
- Business
- Globe and Mail
Jamf (JAMF) Q2 Revenue Jumps 15%
Key Points Jamf posted $176.5 million in GAAP revenue, surpassing analyst estimates by $7.7 million (GAAP). Non-GAAP operating income rose 42.6% to $33.5 million, with record Security ARR up 40% year-over-year to $203 million. Net loss (GAAP) widened to $20.9 million despite improved operating results and strong cash generation. These 10 stocks could mint the next wave of millionaires › Jamf (NASDAQ:JAMF), a tech firm specializing in Apple device management and enterprise security, reported results on August 7, 2025. The company delivered $176.5 million in GAAP revenue, topping GAAP expectations of $168.8 million. Non-GAAP earnings per share (EPS) reached $0.18. Non-GAAP operating income jumped to $33.5 million, up from $23.5 million in non-GAAP operating income in Q2 2024. The most notable news was steady top-line growth, as Jamf reported GAAP revenue growth of 15% year-over-year. and a 40% year-over-year boost in Security annual recurring revenue (ARR) after the recent Identity Automation acquisition. However, GAAP net losses expanded, mainly due to higher integration and transformation costs. Overall, the period showed strong underlying growth. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS (Non-GAAP) $0.18 $0.17 $0.14 28.6% Revenue (GAAP) $176.5 million $168.8 million $153.0 million 15.4% Gross Profit (Non-GAAP) $141.6 million $124.9 million 13.4% Operating Income (Non-GAAP) $33.5 million $23.5 million 42.6% Adjusted EBITDA $35.3 million $25.3 million N/A Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q2 2025 earnings report. What Jamf Does and Where It's Focused Jamf provides cloud-based software to help businesses and schools manage, secure, and automate Apple devices. Its platform is designed to work seamlessly with Apple products such as iPads, iPhones, and Macs. Jamf's approach centers on providing IT departments with advanced controls for security and user experience in Apple-first environments. Jamf's current business strategy hinges on several key areas. The most important is its Apple-first approach. This means every product is built with Apple integration in mind, helping Jamf win customers who need advanced but easy-to-use management. Its main customers include large corporations, hospitals, and schools. Another focus is product innovation, especially investing in artificial intelligence (AI) and automation to stay ahead as Apple devices proliferate in the workplace. Building recurring revenue through its software-as-a-service (SaaS) model and keeping customer satisfaction high remain core to its long-term growth. Q2 2025: Revenue Growth, Security Shift, and Cost Pressures The second quarter marked a solid revenue performance as total sales (GAAP) climbed 15% year over year, surpassing management's outlook and Wall Street estimates. Subscription revenue, which makes up almost all of Jamf's sales, increased 15.6% year-over-year. International business delivered year-over-year revenue growth of 15%. Security products emerged as a key revenue engine, as Security ARR jumped 40% year-over-year to $203 million, now making up 29% of total ARR as of June 30, 2025. With the integration of Identity Automation—a recent acquisition focused on digital identity and cybersecurity—the company aims to address security and compliance needs more directly for its customers. This shift diversifies Jamf's revenue away from basic management tools toward a broader range of enterprise services. Margins improved on an operating basis, with non-GAAP gross margin at 80% and non-GAAP operating income up by $10.0 million year over year. However, some pressure appeared on non-GAAP gross margins (down from 82% in Q2 2024, now at 80%). The company also highlighted the launch of a new platform reinvestment plan designed to accelerate AI innovation and enhance go-to-market activities. Despite strong recurring revenue and higher profits before certain costs, the company's GAAP net loss widened to $20.9 million. Management cited heavier charges related to stock-based compensation totaling $27.8 million. No dividend is paid to shareholders. Looking Ahead: Guidance and Key Watch Points For Q3 2025, management is guiding for total revenue between $176.0 and $178.0 million. Non-GAAP operating income is expected in the range of $41.5 to $42.5 million, up from $33.5 million in non-GAAP operating income. For the full year, Jamf raised its outlook, projecting total revenue between $701.0 and $704.0 million and non-GAAP operating income between $153.5 and $155.5 million. The unlevered free cash flow (non-GAAP) is forecast to rise at least 75% year-over-year. Management has not provided guidance for GAAP earnings per share, citing volatility in items such as stock-based compensation and integration costs. Investors may focus on several trends going forward. First, the success of the Identity Automation integration and further expansion of security offerings could reshape Jamf's business mix. Second, continued investment in AI and automation are key to keeping Jamf's platform competitive as the enterprise software landscape shifts. Finally, monitoring net retention rates and margin trends will be important as costs rise and the company seeks to balance growth with profitability. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,046%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 4, 2025
Yahoo
22-06-2025
- Business
- Yahoo
Here's What You Need to Know About Jamf Holding (JAMF) Before Investing
Jamf Holding Corp. (NASDAQ:JAMF) is one of the . The stock has declined more than 32% on a year-to-date basis due to lackluster growth and valuation compression. Its year-over-year revenue growth rate has declined from around 15% in Q1 2024 to 10% in fiscal Q1 2025. Analysts believe international trade and tariff tensions to be one of the reasons causing slowed top-line growth. On May 6, Jamf Holding Corp. (NASDAQ:JAMF) released its fiscal first quarter results for 2025. The company grew its Security Annual Recurring Revenue by 17% to $162 million. Whereas the quarterly revenue of $167.9 million grew 10% year-over-year. The company has been focusing on its security solutions. In April 2025, the company acquired Identity Automation, a dynamic identity and access management company. The acquisition adds about 90 employees and a unique product differentiator to its K12 education endeavor. Moreover, Identity Automation serves over 500 education customers, including five of the top 10 school districts. This development has resulted in Security ARR growth, which now accounts for 25% of Jamf Holding Corp.'s (NASDAQ:JAMF) total ARR. A modern software engineering team, huddled around their desks, discussing a software solution. Despite this financial improvement, management continues to expect slower growth for the fiscal second quarter of 2025, with expected revenue growth of around 10%. On May 12, Ramio Lenschow raised the price target on Jamf Holding Corp. (NASDAQ:JAMF) from $13 to $15, while keeping a Hold rating on the stocks. Jamf Holding Corp. (NASDAQ:JAMF) provides cloud-based software solutions that help organizations manage and secure Apple devices such as Macs, iPhones, and iPads. The company operates on a subscription-based software-as-a-service model. While we acknowledge the potential of JAMF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Jamf Holding Corp (JAMF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Q : What is the strategy for marketing Jamf for Mac compared to the Jamf business plan? A : John Strossel, CEO, clarified that the Jamf business plan targets smaller businesses, while Jamf for Mac is designed for enterprise customers. The enterprise solution is tailored to meet the needs of larger organizations, offering a more comprehensive security and management package. Q : How does Jamf plan to expand the identity automation solution beyond the education market into commercial markets? A : John Strossel, CEO, explained that while the initial focus is on education, there is significant potential to extend the solution to commercial markets. The solution's ability to dynamically adjust access and security policies based on context is beneficial for industries like retail and healthcare. Henry Patel, Chief Strategy Officer, added that the goal is to enhance workflows by tying identity to devices, particularly focusing on Apple devices. Despite strong demand, the company maintained its revenue outlook due to uncertainties in the macroeconomic environment. The company faces headwinds from currency fluctuations, with a $2 to $3 million impact expected for the remainder of the year. Unlevered free cash flow margin decreased slightly to 12.3% due to the timing of billings and collections. Recurring revenue, while growing at 11%, represents 98% of total revenues, indicating a decline in less strategic sources such as services and licenses. The acquisition of Identity Automation is expected to enhance Jamf's Apple-first security platform, particularly in mobile-centric industries, and expand their presence in education with over 500 customers. The successful launch of new platform solutions, Jamf for Mac and Jamf for K-12, has enhanced their platform capabilities and driven strong education performance. Total Annual Recurring Revenue (ARR) grew by 9% year-over-year to $658 million, with strong new logo bookings in both commercial and education sectors. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: Why did Jamf maintain its guidance despite strong demand? A: David Ruto, CFO, stated that while demand remains strong, maintaining guidance is a prudent approach given the current macroeconomic uncertainties. The company is monitoring the market closely and will adjust guidance if necessary. Q: How does the weakening USD impact Jamf's international demand and pricing strategy? A: David Ruto, CFO, explained that Jamf has transitioned to billing in local currencies, which provides flexibility and could potentially drive demand. However, the weakening USD has a negative impact on costs due to international expenses. Q: What has been the initial reception of the identity automation acquisition from customers and partners? A: John Strossel, CEO, noted that the acquisition has been well-received, with the first deal closed shortly after the acquisition. The integration with existing go-to-market strategies is progressing well, and the company is optimistic about expanding into new industries beyond education. Q: Can you elaborate on the drivers behind the acceleration in net new ARR? A: John Strossel, CEO, highlighted that the release of Mac for Enterprise and Mobile for Enterprise contributed to the acceleration. The demand for mobile security and management solutions remains strong, particularly in sectors like healthcare and financial services. Q: How might potential tariffs on Apple devices affect Jamf's business? A: John Strossel, CEO, mentioned that while there is no direct impact, an increase in Apple device adoption due to tariff-related purchases could expand Jamf's footprint. Apple has historically navigated such challenges effectively. Q: What is the outlook for Jamf's cloud marketplace momentum, particularly with Azure? A: John Strossel, CEO, expressed optimism about the Azure marketplace, noting early traction and pipeline building. The company expects Azure to perform similarly to AWS, which has been a strong channel for Jamf. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
