Jamf Holding (JAMF) AI Stock Analysis

• Market Cap: $1.48B
• Dividend Yield: N/A
• Average Volume (3M): 2.11M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• Revenue Growth: 11.36%
• EPS Growth: 46.67%
• Country: US
• Employees: 2,595
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.18
• Shares Outstanding: 132,836,700
• 10 Day Avg. Volume: 3,282,971
• 30 Day Avg. Volume: 2,112,495
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 2.95
• Enterprise Value/Ebitda: 23.73K
• 1Y Price Target: $13.82
• Price Target Upside: 22.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 66 Neutral
• Price Target: $10.00 ▼(-11.11% Downside)

Jamf Holding's overall score reflects strong revenue growth and strategic initiatives highlighted in the earnings call, which are offset by profitability challenges and valuation concerns. The technical analysis suggests short-term strength, but longer-term trends remain uncertain.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Jamf's solutions, enhancing its market position and supporting long-term business expansion.

Strategic Reinvestment Plan

The reinvestment plan aims to drive long-term growth by focusing on high-potential areas, enhancing competitiveness and operational efficiency.

Free Cash Flow Improvement

Improved free cash flow enhances financial flexibility, enabling Jamf to invest in growth opportunities and manage debt more effectively.

Negative Factors

Profitability Challenges

Ongoing profitability challenges can hinder Jamf's ability to reinvest in growth and may affect its long-term financial health.

SMB Segment Challenges

Persistent challenges in the SMB segment may limit growth potential and require additional resources to address inefficiencies.

Board Changes

Board changes can impact strategic direction and governance, potentially affecting decision-making and long-term strategy execution.

Jamf Holding Business Overview & Revenue Model

Company Description

Jamf Holding Corporation (JAMF) is a leading provider of Apple device management solutions, primarily serving the needs of businesses, educational institutions, and government agencies. The company specializes in software that allows organizations to deploy, manage, and secure Apple devices, including iPhones, iPads, and Macs. Jamf's core products include Jamf Pro, Jamf Now, and Jamf School, which streamline device management processes and enhance productivity through integration with Apple’s ecosystem.

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 shows strong revenue growth and improving cash flow generation, supported by a stable balance sheet. However, persistent net losses and negative profit margins remain key challenges.

Income Statement

Jamf Holding shows a solid revenue growth trajectory, with a significant increase in total revenue from $366.39 million in 2021 to $642.90 million in the TTM. Gross profit margin remains strong at 76.43% in TTM, indicating efficient cost management. However, the company consistently records negative EBIT and net income, showing challenges in achieving operational profitability. The net profit margin is -7.37% in TTM, showing improvement from previous years but still negative, highlighting profitability issues.

Balance Sheet

The balance sheet is stable with a debt-to-equity ratio of 0.50 in TTM, reflecting a balanced leverage position. Stockholders' equity is strong, contributing to an equity ratio of 47.03%, indicating a solid capital structure. Return on equity remains negative at -6.34% in TTM due to net losses, but the company maintains a healthy liquidity position with substantial cash and cash equivalents.

Cash Flow

Jamf Holding demonstrates a positive free cash flow growth rate of 77.19% in TTM, showcasing improving cash generation capabilities. The operating cash flow to net income ratio is positive at 1.05, indicating that operations are generating cash despite net losses. The free cash flow to net income ratio of 0.83 further emphasizes the company's ability to generate cash, providing a cushion for future investments and debt servicing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	666.38M	627.40M	560.57M	478.78M	366.39M	269.13M
Gross Profit	530.69M	486.07M	399.18M	359.55M	276.03M	208.12M
EBITDA	66.00K	-22.15M	-64.95M	-78.71M	-11.71M	23.17M
Net Income	-49.02M	-68.45M	-110.09M	-141.30M	-75.19M	-24.08M
Balance Sheet
Total Assets	2.09B	1.58B	1.59B	1.53B	1.48B	1.07B
Cash, Cash Equivalents and Short-Term Investments	481.54M	224.68M	243.58M	224.34M	177.15M	194.87M
Total Debt	385.78M	390.60M	389.08M	392.94M	387.37M	0.00
Total Liabilities	1.31B	864.25M	872.11M	828.20M	741.99M	263.27M
Stockholders Equity	775.16M	715.98M	717.55M	701.34M	738.43M	811.01M
Cash Flow
Free Cash Flow	64.43M	22.18M	33.03M	82.28M	55.41M	48.43M
Operating Cash Flow	74.57M	31.19M	35.96M	90.00M	65.17M	52.80M
Investing Cash Flow	-188.71M	-11.80M	-22.48M	-34.78M	-387.42M	-6.88M
Financing Cash Flow	391.91M	-41.60M	5.32M	261.00K	305.53M	115.96M

Jamf Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• 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 11.25 is above the 20-day moving average (MA) of 10.35, above the 50-day MA of 9.07, and below the 200-day MA of 11.60, indicating a neutral trend. The MACD of 0.64 indicates Negative momentum. The RSI at 69.48 is Neutral, neither overbought nor oversold. The STOCH value of 60.13 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
VTEX	70 Neutral	786.08M	79.99	5.34%	―	4.51%	8241.83%
JAMF	66 Neutral	$1.48B	―	-6.68%	―	11.36%	46.67%
MLNK	63 Neutral	1.47B	-67.23	-5.73%	―	5.96%	50.29%
SPT	62 Neutral	826.33M	-14.80	-37.20%	―	14.79%	27.52%
FSLY	61 Neutral	1.25B	-8.20	-15.66%	―	7.43%	16.14%
NXTT	44 Neutral	63.76M	0.03	―	―	-31.64%	-55.76%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Jamf Holding Corporate Events

Jamf Holding Announces Strategic Reinvestment Plan

On July 15, 2025, Jamf announced a strategic reinvestment plan aimed at reducing operating costs, improving margins, and supporting long-term growth. This plan involves realigning resources towards high-growth areas and enhancing AI capabilities, while also reducing its workforce by approximately 6.4%. The company estimates incurring charges of $11.0 to $12.5 million related to this plan, which will be mostly realized in the third quarter of 2025. Jamf expects its Q2 2025 financial results to surpass the high end of its guidance ranges, indicating strong performance amidst these strategic changes.

Jamf Holding Announces Board Changes at Annual Meeting

On June 10, 2025, Jamf Holding Corp. held its Annual Meeting of Shareholders, where it was announced that Charles Guan and Virginia Gambale would no longer serve on the Board of Directors, reducing the board size from eleven to nine. Vina Leite was appointed to fill the vacancy on the Audit Committee. The meeting also included votes on three proposals, including the election of directors and the ratification of an independent accounting firm.