Jamf Holding 2025 Q1 Earnings Record Net Income with 102.6% Positive Swing

Jamf Holding (JAMF) reported its fiscal 2025 Q1 earnings on May 06th, 2025. The company delivered a remarkable turnaround in net income, achieving a positive swing of 102.6% compared to last year's first quarter. Jamf's total revenue increased by 10.2% year-over-year, reaching $167.62 million. The company's non-GAAP operating income margin stood at 22%, reflecting strong performance with total ARR growing 9% annually. For the second quarter, Jamf anticipates continued revenue growth of 10% at the midpoint, with non-GAAP operating margins around 18%. These figures were influenced by foreign exchange and the acquisition of Identity Automation.

Revenue

Jamf Holding's total revenue for 2025 Q1 reached $167.62 million, marking a 10.2% increase from the previous year's $152.12 million. Subscription services contributed significantly, generating $164.22 million, while services accounted for $3.40 million. The company's revenue growth emphasizes strong segment performance, underscoring its robust subscription model.

Earnings/Net Income

Jamf Holding maintained stable EPS at $0.00 in 2025 Q1 compared to 2024 Q1. The company achieved a remarkable turnaround with net income of $529,000, representing a 102.6% positive swing from the net loss of $-20.52 million in 2024 Q1. EPS remains steady, reflecting Jamf's effective cost management and operational efficiency.

Price Action

The stock price of Jamf Holding edged up 2.71% during the latest trading day, dropped 3.07% over the most recent full trading week, and edged down 2.07% month-to-date.

Post-Earnings Price Action Review

The strategy of buying JAMF shares after a revenue raise and holding for 30 days resulted in poor performance over the past five years. This approach yielded a return of -0.82%, significantly underperforming the benchmark return of 65.66%. The excess return was -66.47%, with a compounded annual growth rate (CAGR) of -0.17%, highlighting substantial negative returns. Additionally, the strategy experienced a maximum drawdown of -13.56% and a Sharpe ratio of -0.02, indicating high risk and poor investment outcomes. These metrics suggest that the strategy has faced considerable volatility and underperformance relative to broader market expectations.

CEO Commentary

John Strosahl, Chief Executive Officer, highlighted that Jamf achieved solid results in Q1 with year-over-year revenue growth of 10% and a non-GAAP operating income margin of 22%. He emphasized that total ARR grew 9% year-over-year, driven by strong new logo bookings in both commercial and education sectors. Strosahl noted that "security remains a key growth driver," particularly with the recent acquisition of Identity Automation, which enhances Jamf's capabilities in mobile security. He expressed optimism regarding Jamf's positioning in the market, stating, "We believe that we are well positioned given Jamf's ability to meet both the security and the management needs for Mac and mobile devices."

Guidance

For Q2 2025, Jamf expects total revenue of $167.5 million to $169.5 million, representing year-over-year growth of 10% at the midpoint, with non-GAAP operating income of $29.5 million to $30.5 million, indicating a non-GAAP operating margin of 18%. For the full year 2025, the company anticipates total revenue of $691 million to $695 million, reflecting year-over-year growth of 10.5% at the midpoint, and non-GAAP operating income of $144.5 million to $147.5 million, translating to a non-GAAP operating margin of 21%. These figures consider the impact of foreign exchange and contributions from the Identity Automation acquisition.

Additional News

In recent corporate developments, Jamf Holding acquired Identity Automation, enhancing its capabilities in mobile security and reinforcing its position in the Apple device management sector. Furthermore, insider trading activity revealed several executives, including CEO John Strosahl, sold shares, raising investor interest in the company's strategic direction. Additionally, hedge fund activity showed mixed sentiment, with notable moves such as Wellington Management Group LLP increasing its holdings by 841,239 shares, while Dragoneer Investment Group, LLC reduced its position by 2,936,175 shares in Q4 2024. These actions reflect varied confidence levels in Jamf's future performance among institutional investors.