Jamf Announces Strategic Reinvestment Plan (Form 8-K)

Jamf Announces Strategic Reinvestment Plan

Q2 2025 Financial Results Expected to Exceed High End of Guidance Ranges

MINNEAPOLIS - July 15, 2025 - Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced a strategic reinvestment plan to help drive long-term growth, improve operational efficiency and enhance shareholder value.

Jamf's recent comprehensive systems update, spanning both front- and back-office operations, has provided enhanced insights into Jamf's business and growth opportunities. As a result, Jamf is embarking on a strategic reinvestment plan to support the continued success of the business. This plan includes strategic reallocation of resources to allow for investment in areas with the highest potential to fuel growth and drive additional operational leverage in the business. Two key focus areas are:

1.Go-To-Market Enhancement

Jamf is taking steps to realign its go-to-market organization to allow for investment in areas that have the greatest opportunity for growth and align with our platform strategy via the Jamf for Mac, Jamf for Mobile, Jamf for K-12, and Jamf for SMB solutions.

•Enhance growth in Enterprise: increasing investment and resources to support Enterprise customers, which deliver higher growth, stronger retention, and greater return on investment.

•Simplify approach to SMB: scaling through the channel while also developing a more automated customer solution and experience to deliver greater customer value and improve operational efficiency.

2.AI Investments

In addition to the efficiencies experienced over the last year from deploying AI within the sales, product and customer success groups, Jamf is further accelerating investments in AI capabilities that improve the customer experience in the Jamf product platform and drive further productivity enhancements by accelerating delivery of AI- and automation-driven solutions across the entire organization.

In order to facilitate the strategic reinvestment plan, the Company will reduce its workforce by approximately 6.4%. The Company will reduce roles across its go-to-market and other functions to align with the strategic reinvestment plan, as well as reducing spans and layers throughout the organization.

Jamf currently estimates that it will incur charges of approximately $11.0 to $12.5 million in connection with the workforce reduction, consisting of cash expenditures for notice period and severance payments, employee benefits, and related costs. The Company expects that most of the charges will be incurred in the third quarter of 2025 and that the execution of the Plan will be substantially complete by the end of the fourth quarter of 2025. The Company intends to exclude the charges associated with the workforce reduction from certain of its non-GAAP financial measures.

Q2 2025 Financial Results Expected to Exceed High End of Guidance Ranges

Jamf expects to exceed the high end of the guidance ranges previously issued with respect to the second quarter of 2025. On May 6, 2025, the company issued the following guidance ranges for the second quarter of 2025:

•Total revenue of $167.5 to $169.5 million; and

•Non-GAAP operating income of $29.5 to $30.5 million.

The Company will provide more details regarding the strategic reinvestment plan and its financial impact on subsequent periods during its second quarter 2025 earnings call to be held on August 7, 2025.

Non-GAAP Financial Measures