Jamf Holding (JAMF) AI Stock Analysis

• Market Cap: $1.74B
• Dividend Yield: N/A
• Average Volume (3M): 2.23M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: 12.28%
• EPS Growth: 42.19%
• Country: US
• Employees: 2,595
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.25
• Shares Outstanding: 134,076,220
• 10 Day Avg. Volume: 1,458,723
• 30 Day Avg. Volume: 2,225,338
• PEG Ratio: 0.66
• Price to Book (P/B): 2.51
• Price to Sales (P/S): 2.87
• P/FCF Ratio: 81.08
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 2.41
• Enterprise Value/Gross Profit: 3.14
• Enterprise Value/Ebitda: 97.13
• 1Y Price Target: $12.44
• Price Target Upside: -4.31% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 11
• EPS Forecast (FY): 0.87
• Revenue Forecast (FY): $708.50M

• Rating: 70 Neutral
• Price Target: $14.50 ▲(11.54% Upside)

Jamf Holding's strong revenue growth and strategic investments are significant positives, supported by a stable financial structure and effective cash management. However, profitability challenges and overbought technical indicators present risks. The acquisition by Francisco Partners is a positive strategic move, enhancing future growth prospects.

Positive Factors

Revenue Growth

Consistent revenue growth demonstrates strong market demand and effective business strategies, supporting long-term financial health.

Strategic Partnership

This partnership enhances Jamf's compliance capabilities, expanding its reach in the public sector and strengthening its competitive position.

Cash Flow Management

Strong cash flow management ensures financial stability and supports future investments, crucial for sustaining growth and innovation.

Negative Factors

Profitability Challenges

Ongoing profitability issues could hinder reinvestment and growth, requiring strategic adjustments to improve operational efficiency.

SMB Segment Challenges

Persistent challenges in the SMB segment may limit growth potential in this market, necessitating targeted strategies to enhance performance.

Non-Normal Seasonality

Non-normal seasonality could affect revenue recognition timing, impacting short-term financial performance and planning accuracy.

Jamf Holding Business Overview & Revenue Model

Company Description

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, a software solution for educators; Jamf Data Policy, a solution to enforce acceptable usage policies to eliminate shadow IT and block risky content and manage data consumption with real-time analytics and granular reporting; and Jamf Connect that streamlines Mac authentication and identity management; and Jamf Private Access, a ZTNA solution that replaces legacy conditional access and VPN technology. The company also offers Jamf Protect, which provides protection of Mac-targeted malware and creates customized telemetry and detections that give enterprise security teams visibility into their Macs; Jamf Threat Defense, a solution to protect workers from malicious attackers; and Jamf Nation, an online community of IT and security professionals focusing on Apple in the enterprise. It sells its SaaS solutions through a subscription model, direct sales force, and online, as well as indirectly through channel partners, including Apple. The company was founded in 2002 and is headquartered in Minneapolis, Minnesota.

How the Company Makes Money

Jamf generates revenue primarily through subscription-based licensing of its software products. The company offers several tiers of service, with pricing based on the number of devices managed and the specific features included in each tier. This recurring revenue model ensures a steady income stream as customers renew their subscriptions annually. Additionally, Jamf earns revenue from professional services, including implementation, training, and ongoing support. Significant partnerships with Apple and other technology vendors enhance its offerings and expand its market reach, contributing positively to its revenue growth.

Jamf Holding Financial Statement Overview

Summary

Jamf Holding is experiencing robust revenue growth and maintains strong gross margins, but faces challenges in achieving profitability. The balance sheet reflects a stable financial structure with moderate leverage. Cash flow performance is strong, with significant free cash flow growth, suggesting effective cash management despite net losses. Overall, the company is positioned well for growth but needs to address profitability issues.

Income Statement

Jamf Holding shows a consistent revenue growth trajectory, with a TTM revenue growth rate of 3.63%. The gross profit margin remains strong at approximately 79.64% for TTM, indicating efficient cost management. However, the company is facing profitability challenges, with a negative net profit margin of -7.36% and negative EBIT margin, reflecting ongoing operational losses.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.50, suggesting a balanced approach to leveraging. However, the return on equity is negative at -6.63% for TTM, indicating inefficiencies in generating returns on shareholder investments. The equity ratio stands at a healthy level, showing a solid asset base.

Cash Flow

Jamf Holding demonstrates strong cash flow management with a significant free cash flow growth rate of 71.02% in TTM. The operating cash flow to net income ratio is 0.15, indicating that cash flows are covering net losses. The free cash flow to net income ratio is high at 0.86, showing effective cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	690.59M	627.40M	560.57M	478.78M	366.39M	269.13M
Gross Profit	530.51M	486.07M	448.47M	359.55M	276.03M	208.12M
EBITDA	17.14M	-22.15M	-54.56M	-78.71M	-11.71M	15.21M
Net Income	-41.29M	-68.45M	-110.09M	-141.30M	-75.19M	-24.08M
Balance Sheet
Total Assets	2.14B	1.58B	1.59B	1.53B	1.48B	1.07B
Cash, Cash Equivalents and Short-Term Investments	547.19M	224.68M	247.21M	224.34M	177.15M	194.87M
Total Debt	769.25M	369.51M	389.08M	392.94M	387.37M	0.00
Total Liabilities	1.35B	864.25M	872.11M	828.20M	741.99M	263.27M
Stockholders Equity	786.72M	715.98M	717.55M	701.34M	738.43M	811.01M
Cash Flow
Free Cash Flow	108.00M	22.18M	33.03M	82.28M	55.41M	48.43M
Operating Cash Flow	114.91M	31.19M	35.96M	90.00M	65.17M	52.80M
Investing Cash Flow	-185.47M	-11.80M	-22.48M	-34.78M	-387.42M	-6.88M
Financing Cash Flow	396.71M	-41.60M	5.32M	261.00K	305.53M	115.96M

Jamf Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JAMF, the sentiment is Positive. The current price of 13 is above the 20-day moving average (MA) of 12.97, above the 50-day MA of 12.31, and above the 200-day MA of 10.77, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 75.97 is Negative, neither overbought nor oversold. The STOCH value of 52.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JAMF.

Jamf Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JAMF	70 Neutral	$1.74B	―	-5.48%	―	12.28%	42.19%
VTEX	66 Neutral	$671.65M	100.89	6.53%	―	3.62%	-20.45%
MLNK	66 Neutral	―	―	-5.41%	―	5.96%	50.29%
FSLY	63 Neutral	$1.53B	-11.12	-14.59%	―	9.45%	11.76%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SPT	61 Neutral	$672.62M	-14.43	-26.69%	―	13.09%	32.34%
NXTT	44 Neutral	$32.70M	0.01	93.25%	―	259.01%	-61.05%

Jamf Holding Corporate Events

Jamf Holding to be Acquired by Francisco Partners

On October 29, 2025, Jamf announced a definitive agreement to be acquired by Francisco Partners for $2.2 billion, with stockholders receiving $13.05 per share in cash. This acquisition, approved by Jamf’s Board of Directors, aims to support Jamf’s growth and leadership in the Apple management space, with the transaction expected to close in the first quarter of 2026. The acquisition will transition Jamf to a private company, enhancing its financial flexibility and strategic alignment to accelerate growth and innovation.