Jamf Holding Corp. Reports 15% Revenue Growth and $20.9 Million Net Loss in Q2 2025

Jamf Holding Corp. reported its financial results for the second quarter of 2025, revealing a total revenue of $176.5 million, a 15% increase from $153.0 million in the same period last year. Subscription revenue, which constitutes the majority of the company's income, rose to $172.8 million, up 16% year-over-year, driven by the acquisition of Identity Automation and an increase in customer base. However, the company recorded a net loss of $20.9 million for the quarter, slightly higher than the $19.3 million loss reported in Q2 2024.

In the first half of 2025, Jamf's total revenue reached $344.1 million, compared to $305.1 million in the prior year, marking a 13% increase. The company's gross profit for the first six months was $263.2 million, up from $235.0 million, although the gross margin decreased slightly to 76% from 77%. Operating expenses also increased, totaling $282.4 million for the first half, primarily due to higher sales and marketing costs and increased research and development spending.

Strategically, Jamf completed the acquisition of Identity Automation on April 1, 2025, for a total consideration of $216.1 million, which included $176.1 million paid at closing. This acquisition is expected to enhance Jamf's offerings in identity and access management, particularly in sectors like education and healthcare. The company also announced a strategic reinvestment plan on July 15, 2025, aimed at reducing operating costs and improving margins, which is expected to impact approximately 6.4% of its workforce.

Operationally, Jamf reported an Annual Recurring Revenue (ARR) of $710.0 million as of June 30, 2025, reflecting a 14% increase from $621.7 million a year earlier. The company’s dollar-based net retention rate was 103%, indicating a slight decline from 106% in the previous year, as it continues to expand its customer base and increase usage among existing clients. As of the end of the second quarter, Jamf had 132.8 million shares of common stock outstanding.

Looking ahead, Jamf's management expressed optimism about future growth, driven by ongoing investments in product innovation and market expansion. However, they acknowledged potential challenges, including economic uncertainties and competitive pressures in the technology sector. The company remains focused on leveraging its unique position in the Apple ecosystem to capture further market share and enhance its service offerings.