Jamf Holding Corp (JAMF)

In Q1 2025, Jamf reported strong results, exceeding expectations for revenue and non-GAAP operating income. In Q2 2025, the company reported non-GAAP earnings per share of $0.18, meeting consensus expectations, and revenue of $176.5 million, beating estimates, also exceeding $700 million in total ARR for the first time. In September-October 2025, Jamf's stock fluctuated due to acquisition rumors, and the company agreed to be acquired by Francisco Partners Management, L.P. for $2.2 billion. In November 2025, a securities law firm initiated an investigation into Jamf's board of directors for potential breaches of fiduciary duties. In Q3 2025, Jamf reported earnings per share of $0.25, beating analysts' estimates by 47.06%, and revenue of $183.49 million, also exceeding estimates. Jamf's share price climbed nearly 19% in the month leading up to November 27, 2025, though it was still down 12% over the past year. There has been significant insider selling over the past three months.

Demand seasonality for Jamf is influenced by the education sector and acquired businesses. Jamf has historically experienced seasonal weakness in Q3, which management expected to improve. The revenue contribution from Identity Automation is seasonal, with higher contributions expected in Q3 and Q4. Management has focused on ramping up partner contributions in the back half of the fiscal year to address demand. There has been a softness in device up-sell results, leading to a dropping net dollar retention rate, but Jamf expects growth from the education segment to improve.

Jamf Holding Corp. specializes in management and security solutions for Apple platforms, operating within the Technology Services sector and utilizing a SaaS model. Its products include Jamf Pro for enterprise Apple ecosystem management, Jamf Now for small-to-medium-sized businesses, Jamf School for education IT administrators, Jamf Connect for identity and access management, Jamf Protect for endpoint security, Jamf Safe Internet for online content protection, Jamf Executive Threat Protection for mobile device security, Jamf Business Plan for Apple device lifecycle automation, and specialized healthcare solutions. It also provides developer workflows including Jamf API and Jamf Marketplace, and IAM solutions.

Jamf Holding Corp. has a global presence, providing its solutions across the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific. The company serves over 76,500 customers globally, with its Global Partner Program reaching partners in over 70 countries worldwide.

Jamf has maintained a strong brand reputation, receiving awards such as the Global InfoSec Awards and the Computing Security Awards. Jamf's RapidIdentity secured a five-year contract with The Inter-University Council Purchasing Group of Ohio, and the company expanded its collaboration with Microsoft and formed a new alliance with Okta. Jamf rolled out key product enhancements spanning device management, endpoint security, ZTNA, and SSO. Jamf was recognized by Fortune and Great Place to Work as one of the 2023 Best Workplaces for Women. Some individual investor sentiment expressed frustration with the stock's long-term underperformance.

Vista Equity Partners Management, Llc is a major shareholder, holding 45,358,762 shares as of September 30, 2025, and exercising significant power over Jamf with a 34.4% ownership. Other large institutional owners include Vanguard Group Inc., BlackRock, Inc., Wellington Management Group Llp, Summit Partners L P, Dragoneer Investment Group, LLC, Sunriver Management LLC, and Keenan Capital, LLC. Insiders own 74.55% of the company, including John Strosahl (CEO), Dean Hager (former CEO and Director), and Jason Wudi (Chief Innovation Officer).