NASDAQ$JAMF
Jamf Holding Corp. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong results with revenue growth and strategic advancements.
Jamf announced strong Q3 2022 results, with a 30% increase in total revenue to $124.6 million and a 27% increase in ARR to $490.5 million. The company highlighted its diverse business model, market leadership, and commitment to innovation as key drivers of its performance.
- Total revenue increased by 30% year-over-year to $124.6 million.
- ARR grew by 27% year-over-year, reaching $490.5 million as of September 30, 2022.
- GAAP gross profit was $93.4 million, representing 75% of total revenue.
- GAAP operating loss was $28.6 million, or (23)% of total revenue.
Headline financials
Revenue & EPS history
Jamf · Revenue · Quarterly
$125M
Revenue by segment
Jamf · $132M total across 3 segments · Q1 2023
- Subscription Revenue$127M+24.5%96.2%
- Services$4.38M+11.2%3.3%
- License$598K-71.7%0.5%
Forward guidance
For the fourth quarter of 2022, Jamf expects total revenue of $128.5 to $129.5 million and non-GAAP operating income of $6.5 to $7.5 million. For the full year 2022, Jamf expects total revenue of $477.0 to $478.0 million and non-GAAP operating income of $23.5 to $24.5 million.
Tailwinds
- Total revenue of $128.5 to $129.5 million is expected for Q4 2022.
- Non-GAAP operating income of $6.5 to $7.5 million is expected for Q4 2022.
- Total revenue of $477.0 to $478.0 million is expected for the full year 2022.
- Non-GAAP operating income of $23.5 to $24.5 million is expected for the full year 2022.
- Amortization is expected to be approximately $11.1 million for Q4 2022.
Headwinds
- Jamf is unable to provide a quantitative reconciliation of forward-looking guidance of non-GAAP operating income to GAAP operating income (loss).
- Acquisition-related expenses and acquisition-related earn-out are out of Jamf’s control or cannot be reasonably predicted.
- Offering costs are out of Jamf’s control or cannot be reasonably predicted.
- Stock-based compensation and related payroll taxes are out of Jamf’s control or cannot be reasonably predicted.
- These items are uncertain, depend on various factors, and could result in projected GAAP operating income (loss) being materially less than is indicated by currently estimated non-GAAP operating income.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q3 2022
-3.8%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-3.7%
Avg return
30 days after
33%
8 / 24 earnings
Positive
+7.5%
Q2 2025
Best reaction
-26.4%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.1% | +0.0% | +1.0% | |
| Q2 2025 | +7.5% | +17.2% | +24.9% | |
| Q1 2025 | -4.1% | +3.7% | -6.1% | |
| Q4 2024 | -7.1% | -3.9% | -11.9% | |
| Q3 2024 | -9.3% | -12.9% | -12.9% | |
| Q2 2024 | +3.2% | +2.0% | +8.3% | |
| Q1 2024 | -5.0% | -2.9% | -26.4% | |
| Q4 2023 | -9.5% | -11.6% | -7.8% | |
| Q3 2023 | -3.5% | -2.2% | +2.8% | |
| Q2 2023 | -16.8% | -10.1% | -16.3% | |
| Q1 2023 | -0.2% | +2.2% | +3.4% | |
| Q4 2022 | -3.9% | -0.4% | -12.4% | |
| Q3 2022 | +2.4% | +5.3% | +2.7% | |
| Q2 2022 | -1.0% | -0.8% | -14.8% | |
| Q1 2022 | -10.9% | -0.1% | +10.4% | |
| Q4 2021 | +0.5% | — | — | |
| Q3 2021 | -26.4% | — | — | |
| Q4 2018 | +2.8% | — | — | |
| Q2 2021 | +2.1% | — | — | |
| Q1 2021 | -3.3% | — | — | |
| Q4 2020 | -7.0% | — | — | |
| Q3 2020 | +4.3% | — | — | |
| Q4 2019 | -6.3% | — | — | |
| Q2 2020 | -0.3% | — | — | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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