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Jun 30
Jamf Q2 2025 Earnings Report
Jamf reported strong financial results for the second quarter ended June 30, 2025, exceeding outlook for both revenue and profitability, driven by strategic reinvestment and platform advancements.
Key Takeaways
Jamf announced strong second quarter 2025 financial results, with total revenue increasing 15% year-over-year to $176.5 million and adjusted EBITDA growing 40% year-over-year to $35.3 million. The company exceeded its outlook for both revenue and profitability, attributing success to a strategic reinvestment plan focused on growth opportunities, AI capabilities, and platform strategy alignment.
Total revenue for Q2 2025 increased by 15% year-over-year to $176.5 million.
Adjusted EBITDA for Q2 2025 grew by 40% year-over-year to $35.3 million, representing 20% of total revenue.
Security ARR reached $203 million as of June 30, 2025, marking a 40% year-over-year growth and comprising 29% of Jamf's total ARR.
Cash flow provided by operations increased 57% year-over-year to $74.6 million for the trailing twelve months ended June 30, 2025.
Jamf
Jamf
Jamf Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.comLicense Revenue
CapyFin.com Forward Guidance
Jamf is increasing its full-year 2025 outlook, expecting total revenue between $701.0 million and $704.0 million, and non-GAAP operating income between $153.5 million and $155.5 million. The company anticipates at least 75% year-over-year unlevered free cash flow growth.
Positive Outlook
- Full year 2025 total revenue outlook increased to $701.0 - $704.0 million.
- Full year 2025 non-GAAP operating income outlook increased to $153.5 - $155.5 million.
- Anticipated year-over-year unlevered free cash flow growth of at least 75% for full year 2025.
- Third quarter 2025 total revenue expected to be $176.0 - $178.0 million.
- Third quarter 2025 non-GAAP operating income expected to be $41.5 - $42.5 million.
Challenges Ahead
- Amortization expense for Q3 2025 is expected to be approximately $13.0 million.
- Amortization expense for full year 2025 is expected to be approximately $48.0 million.
- Stock-based compensation and related payroll taxes for Q3 2025 are expected to be approximately $26.3 million.
- Stock-based compensation and related payroll taxes for full year 2025 are expected to be approximately $105.0 million.
- Quantitative reconciliation of forward-looking non-GAAP operating income to GAAP operating income (loss) and unlevered free cash flow to cash flow from operations is not available without unreasonable effort due to uncertain items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income