Jamf Holding Corp. Reports 10% Revenue Growth and Net Income Turnaround in Q1 2025

Jamf Holding Corp. reported its financial results for the first quarter of 2025, revealing a total revenue of $167.6 million, a 10% increase from $152.1 million in the same period last year. The growth was primarily driven by a rise in subscription revenue, which reached $164.2 million, up 11% from $148.4 million in the prior year. The company also achieved a net income of $529,000, a significant turnaround from a net loss of $20.5 million in the first quarter of 2024. This improvement reflects a loss from operations of $4.2 million, a notable reduction from the previous year's loss of $21.1 million.

In terms of operational metrics, Jamf's Annual Recurring Revenue (ARR) increased by 9% year-over-year, reaching $657.9 million as of March 31, 2025. The company reported a dollar-based net retention rate of 104%, down from 107% a year earlier, indicating a slight decline in revenue growth from existing customers. The total customer count and user statistics were not disclosed in the filing, but the company emphasized its focus on expanding its customer base and enhancing product adoption.

Strategically, Jamf completed the acquisition of Identity Automation on April 1, 2025, for a total consideration of $216.1 million. This acquisition is expected to enhance Jamf's offerings in identity and access management, particularly in sectors like education and healthcare. The company also noted that it had previously acquired dataJAR in July 2023, further expanding its capabilities in providing Apple-focused services.

Geographically, revenue from the Americas accounted for the majority of total revenue at $109.3 million, followed by Europe, the Middle East, India, and Africa at $43.4 million, and Asia Pacific at $14.9 million. The company reported a total cash and cash equivalents balance of $222.4 million as of March 31, 2025, slightly down from $224.7 million at the end of 2024. Jamf's total liabilities decreased to $841.4 million from $864.2 million, reflecting improved financial health.

Looking ahead, Jamf plans to continue investing in its sales and marketing efforts to drive customer acquisition and retention. The company aims to enhance its product offerings and expand its market presence, particularly in international markets. However, it also acknowledged potential risks related to economic conditions and customer spending, which could impact future growth.