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Jamf Q1 2025 Earnings Report
Jamf reported solid first quarter 2025 results, exceeding outlook for revenue and profitability, driven by strong subscription revenue and growth in security ARR.
Key Takeaways
Jamf announced strong financial results for the first quarter ended March 31, 2025, with total revenue increasing 10% year-over-year to $167.6 million and non-GAAP operating income reaching $37.6 million, or 22% of total revenue. The company also completed the acquisition of Identity Automation and launched new platform solutions.
Total revenue for Q1 2025 increased 10% year-over-year to $167.6 million.
Non-GAAP operating income was $37.6 million, or 22% of total revenue, significantly up from $22.1 million (15%) in Q1 2024.
Security ARR reached $162 million as of March 31, 2025, representing 17% year-over-year growth.
Jamf completed the acquisition of Identity Automation on April 1, 2025, expanding its platform capabilities.
Revenue by Segment
Forward Guidance
Jamf maintains its fiscal 2025 outlook, incorporating the financial impact of the Identity Automation acquisition and current foreign exchange rates. For Q2 2025, total revenue is expected to be between $167.5 million and $169.5 million, with non-GAAP operating income between $29.5 million and $30.5 million. For the full year 2025, total revenue is projected to be between $691.0 million and $695.0 million, with non-GAAP operating income between $144.5 million and $147.5 million.
Positive Outlook
- Maintaining previously provided outlook for fiscal 2025.
- Expected total revenue for Q2 2025 between $167.5 million and $169.5 million.
- Expected non-GAAP operating income for Q2 2025 between $29.5 million and $30.5 million.
- Expected total revenue for full year 2025 between $691.0 million and $695.0 million.
- Expected non-GAAP operating income for full year 2025 between $144.5 million and $147.5 million.
Challenges Ahead
- Amortization expected to be approximately $9.8 million for Q2 2025 and $38.3 million for full year 2025.
- Stock-based compensation and related payroll taxes expected to be approximately $30.1 million for Q2 2025 and $111.3 million for full year 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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