Jamf Holding Corp(NASDAQ:JAMF)

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. The company's Software-as-a-Service (SaaS) solutions provide a cloud-based platform for lifecycle enterprise IT management of Apple devices. Its products include Jamf Pro, an Apple ecosystem...
Website: https://www.jamf.com/
Founded: 2002
CEO: Dean J. Hager
Sector: Technology
Industry: Software-Application
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | ||||||||||||||||||||||
subscription | 179,610,000 | 172,763,000 | 164,224,000 | 159,740,000 | 156,070,000 | 149,428,000 | 148,353,000 | 146,677,000 | 138,521,000 | 130,591,000 | 127,230,000 | 124,875,000 | 118,524,000 | 109,407,000 | 102,201,000 | 98,343,000 | 90,700,000 | 80,718,000 | 74,923,000 | 88,203,000 | 57,933,000 | 52,978,000 |
services | 3,884,000 | 3,735,000 | 3,397,000 | 3,167,000 | 3,192,000 | 3,497,000 | 3,706,000 | 3,731,000 | 3,956,000 | 4,254,000 | 4,384,000 | 4,838,000 | 5,216,000 | 5,027,000 | 3,944,000 | 4,107,000 | 4,083,000 | 3,929,000 | 4,003,000 | 4,459,000 | 3,605,000 | 2,451,000 |
license | 3,000 | 67,000 | 24,000 | 91,000 | 64,000 | 237,000 | 148,000 | 244,000 | 598,000 | 610,000 | 817,000 | 1,204,000 | 2,113,000 | 1,352,000 | 838,000 | 1,591,000 | 2,242,000 | -16,236,000 | 8,866,000 | 6,802,000 | ||
total revenue | 183,494,000 | 176,501,000 | 167,621,000 | 162,974,000 | 159,286,000 | 153,016,000 | 152,123,000 | 150,645,000 | 142,625,000 | 135,089,000 | 132,212,000 | 130,323,000 | 124,557,000 | 115,638,000 | 108,258,000 | 103,802,000 | 95,621,000 | 86,238,000 | 81,168,000 | 76,426,000 | 70,404,000 | 62,231,000 |
yoy | 15.20% | 15.35% | 10.19% | 8.18% | 11.68% | 13.27% | 15.06% | 15.59% | 14.51% | 16.82% | 22.13% | 25.55% | 30.26% | 34.09% | 33.38% | 35.82% | 35.82% | 38.58% | ||||
qoq | 3.96% | 5.30% | 2.85% | 2.32% | 4.10% | 0.59% | 0.98% | 5.62% | 5.58% | 2.18% | 1.45% | 4.63% | 7.71% | 6.82% | 4.29% | 8.56% | 10.88% | 6.25% | 6.20% | 8.55% | 13.13% | |
cost of revenue: | ||||||||||||||||||||||
cost of subscription | 35,040,000 | 34,825,000 | 30,702,000 | 28,960,000 | 29,149,000 | 28,141,000 | 28,010,000 | 26,200,000 | 25,009,000 | 24,186,000 | 23,159,000 | 22,609,000 | 22,334,000 | 20,634,000 | 19,902,000 | 19,235,000 | 18,317,000 | 13,875,000 | 12,014,000 | 11,196,000 | 10,117,000 | 8,762,000 |
cost of services | 4,258,000 | 4,299,000 | 3,549,000 | 3,337,000 | 3,831,000 | 3,619,000 | 3,770,000 | 3,563,000 | 3,736,000 | 3,385,000 | 3,292,000 | 3,632,000 | 3,584,000 | 3,493,000 | 3,107,000 | 2,871,000 | 2,955,000 | 2,607,000 | 2,465,000 | 2,976,000 | 2,443,000 | 2,207,000 |
amortization expense | 4,680,000 | 4,671,000 | 2,851,000 | 2,907,000 | 3,048,000 | 3,244,000 | 3,312,000 | 3,427,000 | 3,494,000 | 3,312,000 | 3,296,000 | 4,172,000 | 5,277,000 | 5,265,000 | 5,218,000 | 5,183,000 | 5,198,000 | 2,860,000 | 2,777,000 | 2,719,000 | 2,679,000 | 2,678,000 |
total cost of revenue | 43,978,000 | 43,795,000 | 37,102,000 | 35,204,000 | 36,028,000 | 35,004,000 | 35,092,000 | 33,190,000 | 32,239,000 | 30,883,000 | 29,747,000 | 30,413,000 | 31,195,000 | 29,392,000 | 28,227,000 | 27,289,000 | 26,470,000 | 19,342,000 | 17,256,000 | 16,891,000 | 15,239,000 | 13,647,000 |
gross profit | 139,516,000 | 132,706,000 | 130,519,000 | 127,770,000 | 123,258,000 | 118,012,000 | 117,031,000 | 117,455,000 | 110,386,000 | 104,206,000 | 102,465,000 | 99,910,000 | 93,362,000 | 86,246,000 | 80,031,000 | 76,513,000 | 69,151,000 | 66,896,000 | 63,912,000 | 59,535,000 | 55,165,000 | 48,584,000 |
yoy | 13.19% | 12.45% | 11.53% | 8.78% | 11.66% | 13.25% | 14.22% | 17.56% | 18.23% | 20.82% | 28.03% | 30.58% | 35.01% | 28.93% | 25.22% | 28.52% | 25.35% | 37.69% | ||||
qoq | 5.13% | 1.68% | 2.15% | 3.66% | 4.45% | 0.84% | -0.36% | 6.40% | 5.93% | 1.70% | 2.56% | 7.01% | 8.25% | 7.77% | 4.60% | 10.65% | 3.37% | 4.67% | 7.35% | 7.92% | 13.55% | |
gross margin % | 76.03% | 75.19% | 77.87% | 78.40% | 77.38% | 77.12% | 76.93% | 77.97% | 77.40% | 77.14% | 77.50% | 76.66% | 74.96% | 74.58% | 73.93% | 73.71% | 72.32% | 77.57% | 78.74% | 77.90% | 78.35% | 78.07% |
operating expenses: | ||||||||||||||||||||||
sales and marketing | 60,931,000 | 64,231,000 | 59,712,000 | 65,385,000 | 60,056,000 | 61,905,000 | 64,782,000 | 62,420,000 | 64,239,000 | 63,890,000 | 60,208,000 | 58,557,000 | 54,096,000 | 58,750,000 | 46,325,000 | 44,552,000 | 40,856,000 | 32,617,000 | 29,332,000 | 30,516,000 | 23,251,000 | 20,202,000 |
research and development | 38,621,000 | 39,204,000 | 35,457,000 | 33,969,000 | 35,977,000 | 34,753,000 | 34,262,000 | 32,921,000 | 34,704,000 | 34,725,000 | 32,072,000 | 30,322,000 | 30,799,000 | 33,983,000 | 24,802,000 | 24,104,000 | 25,608,000 | 17,203,000 | 15,626,000 | 15,149,000 | 12,736,000 | 11,929,000 |
general and administrative | 35,006,000 | 35,877,000 | 32,668,000 | 33,806,000 | 36,136,000 | 34,427,000 | 32,198,000 | 34,935,000 | 35,896,000 | 35,966,000 | 28,436,000 | 28,568,000 | 30,061,000 | 48,321,000 | 25,612,000 | 26,918,000 | 25,536,000 | 27,508,000 | 16,105,000 | 20,091,000 | 13,921,000 | 6,603,000 |
total operating expenses | 142,932,000 | 147,686,000 | 134,675,000 | 139,930,000 | 139,117,000 | 137,980,000 | 138,140,000 | 137,717,000 | 142,259,000 | 141,828,000 | 127,957,000 | 124,571,000 | 121,996,000 | 148,088,000 | 103,768,000 | 102,593,000 | 99,025,000 | 82,951,000 | 66,690,000 | 71,390,000 | 55,541,000 | 44,368,000 |
income from operations | -3,416,000 | -14,980,000 | -4,156,000 | -12,160,000 | -15,859,000 | -19,968,000 | -21,109,000 | -20,262,000 | -31,873,000 | -37,622,000 | -25,492,000 | -24,661,000 | -28,634,000 | -61,842,000 | -23,737,000 | -26,080,000 | -29,874,000 | -16,055,000 | -2,778,000 | -11,855,000 | -376,000 | 4,216,000 |
yoy | -78.46% | -24.98% | -80.31% | -39.99% | -50.24% | -46.92% | -17.19% | -17.84% | 11.31% | -39.16% | 7.39% | -5.44% | -4.15% | 285.19% | 754.46% | 119.99% | 7845.21% | -480.81% | ||||
qoq | -77.20% | 260.44% | -65.82% | -23.32% | -20.58% | -5.41% | 4.18% | -36.43% | -15.28% | 47.58% | 3.37% | -13.88% | -53.70% | 160.53% | -8.98% | -12.70% | 86.07% | 477.93% | -76.57% | 3052.93% | -108.92% | |
operating margin % | -1.86% | -8.49% | -2.48% | -7.46% | -9.96% | -13.05% | -13.88% | -13.45% | -22.35% | -27.85% | -19.28% | -18.92% | -22.99% | -53.48% | -21.93% | -25.12% | -31.24% | -18.62% | -3.42% | -15.51% | -0.53% | 6.77% |
interest income | -2,347,000 | -1,621,000 | 1,328,000 | 1,360,000 | 1,574,000 | 1,641,000 | 2,040,000 | 2,073,000 | 1,687,000 | 1,481,000 | 1,285,000 | -363,750 | 45,000 | |||||||||
foreign currency transaction gain | -598,000 | 193,000 | 3,181,000 | -5,650,000 | 3,354,000 | 431,000 | -412,000 | 1,048,000 | 604,000 | |||||||||||||
other income | -850,000 | 36,000 | ||||||||||||||||||||
income before income tax benefit | -6,361,000 | -17,258,000 | 353,000 | -16,450,000 | -10,931,000 | -17,896,000 | -19,481,000 | -16,278,000 | -32,833,000 | -35,093,000 | -23,603,000 | -22,465,000 | -31,213,000 | -63,159,000 | -25,377,000 | -27,004,000 | -31,978,000 | -16,530,000 | -3,004,000 | -12,172,000 | -6,950,000 | -451,000 |
income tax benefit | 1,848,000 | -3,617,000 | 176,000 | 22,000 | -1,310,000 | -1,366,000 | -1,043,000 | -1,132,000 | 556,000 | -1,106,000 | -597,000 | 1,234,000 | -89,000 | 20,000 | -252,000 | 3,254,000 | 1,595,000 | 63,000 | -65,000 | 3,207,000 | 1,857,000 | 28,000 |
net income | -4,513,000 | -20,875,000 | 529,000 | -16,428,000 | -12,241,000 | -19,262,000 | -20,524,000 | -17,410,000 | -32,277,000 | -36,199,000 | -24,200,000 | -21,231,000 | -31,302,000 | -63,139,000 | -25,629,000 | -23,750,000 | -30,383,000 | -16,467,000 | -3,069,000 | -8,965,000 | -5,093,000 | -423,000 |
yoy | -63.13% | 8.37% | -102.58% | -5.64% | -62.08% | -46.79% | -15.19% | -18.00% | 3.11% | -42.67% | -5.58% | -10.61% | 3.02% | 283.43% | 735.09% | 164.92% | 496.56% | 3792.91% | ||||
qoq | -78.38% | -4046.12% | -103.22% | 34.20% | -36.45% | -6.15% | 17.89% | -46.06% | -10.83% | 49.58% | 13.98% | -32.17% | -50.42% | 146.36% | 7.91% | -21.83% | 84.51% | 436.56% | -65.77% | 76.03% | 1104.02% | |
net income margin % | -2.46% | -11.83% | 0.32% | -10.08% | -7.68% | -12.59% | -13.49% | -11.56% | -22.63% | -26.80% | -18.30% | -16.29% | -25.13% | -54.60% | -23.67% | -22.88% | -31.77% | -19.09% | -3.78% | -11.73% | -7.23% | -0.68% |
net income per share | -0.03 | -0.16 | -0.12 | -0.1 | -0.15 | -0.16 | -0.14 | -0.26 | -0.29 | -0.2 | -0.17 | -0.26 | -0.53 | -0.21 | -0.2 | -0.26 | -0.14 | -0.03 | -0.08 | -0.04 | ||
weighted-average shares used for eps calculation | 132,899,730 | 132,236,895 | 129,845,214 | 117,386,322 | 108,908,597 | |||||||||||||||||
weighted‑average shares used to compute net income per share, basic and diluted | 128,019,692 | 127,995,266 | 127,911,770 | 127,292,097 | 124,935,620 | 125,537,246 | 124,382,767 | 123,422,066 | 120,720,972 | 121,014,325 | 119,941,482 | 119,594,341 | 118,276,462 | 118,640,565 | 117,909,720 | 113,203,074 | 102,862,404 | |||||
foreign currency transaction loss | -248,750 | -2,647,000 | 1,279,000 | -2,624,000 | -676,000 | -781,000 | -54,000 | -269,000 | -308,000 | -171,000 | -251,000 | -154,000 | -13,000 | |||||||||
loss on extinguishment of debt | -449,000 | -5,213,000 | ||||||||||||||||||||
interest expense | -641,000 | -859,000 | -870,000 | -1,386,000 | -167,000 | -55,000 | -66,000 | -1,207,000 | -4,690,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 |
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assets | ||||||||||||||||||||||
current assets: | ||||||||||||||||||||||
cash and cash equivalents | 547,194,000 | 481,537,000 | 222,353,000 | 224,680,000 | 218,426,000 | 200,858,000 | 224,497,000 | 243,576,000 | 227,619,000 | 211,471,000 | 200,340,000 | 224,338,000 | 225,480,000 | 182,349,000 | 164,595,000 | 177,150,000 | 227,148,000 | 226,485,000 | 196,190,000 | 194,868,000 | 177,457,000 | 38,424,000 |
trade accounts receivable, net of allowances of 528 and 577 at september 30, 2025 and december 31, 2024, respectively | 154,680,000 | |||||||||||||||||||||
deferred contract costs | 29,344,000 | 29,485,000 | 28,513,000 | 27,958,000 | 26,643,000 | 25,727,000 | 24,514,000 | 23,508,000 | 21,693,000 | 20,386,000 | 18,780,000 | 17,652,000 | 16,472,000 | 15,460,000 | 14,142,000 | 12,904,000 | 11,673,000 | 10,480,000 | 11,155,000 | 9,959,000 | 8,528,000 | 7,270,000 |
prepaid expenses | 24,688,000 | 22,017,000 | 23,121,000 | 12,679,000 | 18,861,000 | 18,518,000 | 21,314,000 | 14,255,000 | 15,938,000 | 18,092,000 | 22,903,000 | 14,331,000 | 16,186,000 | 17,513,000 | 19,616,000 | 17,581,000 | 18,677,000 | 14,432,000 | 15,009,000 | 13,283,000 | 16,565,000 | 10,880,000 |
other current assets | 21,306,000 | 18,901,000 | 19,179,000 | 20,549,000 | 20,787,000 | 19,823,000 | 20,913,000 | 13,055,000 | 10,733,000 | 8,078,000 | 6,535,000 | 6,097,000 | 6,224,000 | 4,953,000 | 4,318,000 | 4,212,000 | 3,592,000 | 2,687,000 | 2,325,000 | 1,113,000 | 764,000 | 6,314,000 |
total current assets | 777,212,000 | 702,266,000 | 431,582,000 | 424,657,000 | 398,735,000 | 373,999,000 | 386,722,000 | 402,634,000 | 372,022,000 | 358,993,000 | 333,756,000 | 351,046,000 | 357,650,000 | 317,175,000 | 284,079,000 | 291,598,000 | 331,228,000 | 321,316,000 | 301,193,000 | 288,911,000 | 268,137,000 | 116,717,000 |
equipment and leasehold improvements | 17,929,000 | 18,838,000 | 20,711,000 | 19,321,000 | 18,773,000 | 14,264,000 | 14,858,000 | 15,184,000 | 16,400,000 | 17,514,000 | 18,615,000 | 19,421,000 | 19,116,000 | 17,334,000 | 18,237,000 | 18,045,000 | 17,529,000 | 17,223,000 | 16,965,000 | 12,755,000 | 10,934,000 | 11,494,000 |
goodwill | 1,057,686,000 | 1,063,111,000 | 891,050,000 | 882,593,000 | 900,092,000 | 885,404,000 | 885,041,000 | 887,121,000 | 876,822,000 | 867,909,000 | 862,747,000 | 856,925,000 | 800,524,000 | 823,671,000 | 841,984,000 | 845,734,000 | 846,057,000 | 541,850,000 | 541,850,000 | 541,480,000 | 539,818,000 | 539,818,000 |
other intangible assets | 186,125,000 | 200,324,000 | 139,446,000 | 147,823,000 | 160,505,000 | 167,779,000 | 177,253,000 | 187,891,000 | 196,514,000 | 200,128,000 | 209,509,000 | 218,744,000 | 215,064,000 | 233,557,000 | 251,072,000 | 264,593,000 | 276,750,000 | 189,021,000 | 197,504,000 | 202,878,000 | 210,120,000 | 218,430,000 |
deferred contract costs, non-current | 57,420,000 | 59,410,000 | 59,061,000 | 59,663,000 | 56,679,000 | 55,897,000 | 54,040,000 | 53,070,000 | 48,871,000 | 46,145,000 | 41,933,000 | 39,643,000 | 36,960,000 | 34,823,000 | 31,793,000 | 29,842,000 | 27,830,000 | 25,993,000 | ||||
other assets | 42,801,000 | 45,922,000 | 46,782,000 | 46,172,000 | 49,426,000 | 49,398,000 | 45,838,000 | 43,752,000 | 41,423,000 | 42,340,000 | 42,409,000 | 43,763,000 | 38,128,000 | 39,530,000 | 39,159,000 | 30,608,000 | 30,685,000 | 28,112,000 | 28,898,000 | 5,359,000 | 2,842,000 | 2,557,000 |
total assets | 2,139,173,000 | 2,089,871,000 | 1,588,632,000 | 1,580,229,000 | 1,584,210,000 | 1,546,741,000 | 1,563,752,000 | 1,589,652,000 | 1,552,052,000 | 1,533,029,000 | 1,508,969,000 | 1,529,542,000 | 1,467,442,000 | 1,466,090,000 | 1,466,324,000 | 1,480,420,000 | 1,530,079,000 | 1,123,515,000 | 1,115,184,000 | 1,078,153,000 | 1,055,284,000 | 909,350,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||
accounts payable | 20,461,000 | 16,566,000 | 20,273,000 | 18,405,000 | 21,965,000 | 18,901,000 | 20,388,000 | 25,909,000 | 21,070,000 | 15,168,000 | 14,982,000 | 15,393,000 | 16,870,000 | 9,506,000 | 8,808,000 | 9,306,000 | 12,717,000 | 9,037,000 | 5,744,000 | 6,967,000 | 6,672,000 | 3,909,000 |
accrued liabilities | 101,375,000 | 96,727,000 | 51,661,000 | 68,363,000 | 69,526,000 | 73,782,000 | 70,533,000 | 77,447,000 | 68,088,000 | 56,902,000 | 48,993,000 | 67,051,000 | 57,351,000 | 50,761,000 | 45,558,000 | 54,022,000 | 98,598,000 | 38,263,000 | 28,131,000 | 31,574,000 | 21,521,000 | 26,099,000 |
income taxes payable | 374,000 | 3,556,000 | 119,000 | 1,014,000 | 1,430,000 | 1,467,000 | 1,346,000 | 1,248,000 | 1,018,000 | 866,000 | 547,000 | 486,000 | 752,000 | 203,000 | 376,000 | 167,000 | 730,000 | 417,000 | 1,153,000 | 713,000 | 1,294,000 | 1,081,000 |
deferred revenue | 380,186,000 | 350,942,000 | 327,009,000 | 333,573,000 | 326,107,000 | 314,893,000 | 311,698,000 | 317,546,000 | 311,138,000 | |||||||||||||
convertible senior notes, net, current | 371,413,000 | |||||||||||||||||||||
term loan, net, current | 20,000,000 | 15,000,000 | ||||||||||||||||||||
total current liabilities | 893,809,000 | 482,791,000 | 399,062,000 | 421,355,000 | 419,028,000 | 409,043,000 | 403,965,000 | 422,150,000 | 401,314,000 | 363,599,000 | 342,929,000 | 360,968,000 | 346,694,000 | 309,844,000 | 289,131,000 | 286,526,000 | 323,074,000 | 228,424,000 | 202,896,000 | 199,697,000 | 181,019,000 | 161,398,000 |
deferred revenue, non-current | 60,308,000 | 57,248,000 | 52,085,000 | 52,136,000 | 52,110,000 | 55,313,000 | 52,805,000 | 55,886,000 | 58,616,000 | |||||||||||||
deferred tax liability | 4,804,000 | 4,836,000 | 5,132,000 | 5,180,000 | 5,327,000 | 5,021,000 | 5,515,000 | 5,952,000 | 5,624,000 | 5,146,000 | 5,539,000 | 5,505,000 | 5,418,000 | 7,596,000 | 8,097,000 | 8,700,000 | 11,455,000 | 4,306,000 | 5,475,000 | 6,422,000 | 12,774,000 | 14,913,000 |
convertible senior notes, net, non-current | ||||||||||||||||||||||
term loan, net, non-current | 377,841,000 | 382,691,000 | ||||||||||||||||||||
other liabilities | 15,693,000 | 16,362,000 | 14,985,000 | 16,061,000 | 18,333,000 | 16,866,000 | 17,771,000 | 21,118,000 | 20,707,000 | 25,783,000 | 27,480,000 | 29,114,000 | 22,173,000 | 23,861,000 | 26,417,000 | 25,640,000 | 27,969,000 | 29,076,000 | 33,839,000 | 11,046,000 | 9,399,000 | 6,876,000 |
total liabilities | 1,352,455,000 | 1,314,707,000 | 841,410,000 | 864,246,000 | 863,681,000 | 854,491,000 | 847,682,000 | 872,105,000 | 852,635,000 | 824,666,000 | 803,510,000 | 828,204,000 | 807,679,000 | 772,144,000 | 744,403,000 | 741,994,000 | 783,310,000 | 319,556,000 | 295,921,000 | 262,672,000 | 239,898,000 | 412,507,000 |
commitments and contingencies | ||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||
preferred stock, 0.001 par value... | ||||||||||||||||||||||
common stock, 0.001 par value... | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 124,000 | 126,000 | 126,000 | 126,000 | 125,000 | 124,000 | 123,000 | 120,000 | 120,000 | 119,000 | 119,000 | 119,000 | 118,000 | 118,000 | 117,000 | 117,000 | 103,000 |
treasury stock | -741,000 | |||||||||||||||||||||
additional paid-in capital | 1,346,005,000 | 1,323,383,000 | 1,292,918,000 | |||||||||||||||||||
accumulated other comprehensive loss | -11,948,000 | -5,393,000 | -23,745,000 | -30,060,000 | -15,135,000 | -28,278,000 | -28,589,000 | -26,777,000 | -36,051,000 | -28,357,000 | -33,904,000 | -39,951,000 | -64,084,000 | -37,574,000 | -15,949,000 | -7,866,000 | -8,120,000 | |||||
accumulated deficit | -547,464,000 | -542,951,000 | -522,076,000 | -522,605,000 | -506,177,000 | -493,936,000 | -439,319,000 | -418,795,000 | -401,385,000 | -369,108,000 | -332,909,000 | -308,709,000 | -287,478,000 | -256,176,000 | -193,037,000 | -167,408,000 | -143,658,000 | -113,275,000 | -90,821,000 | -87,752,000 | -78,787,000 | -73,694,000 |
total stockholders’ equity | 786,718,000 | 775,164,000 | 747,222,000 | 715,983,000 | 720,529,000 | 692,250,000 | 716,070,000 | 717,547,000 | 699,417,000 | 708,363,000 | 705,459,000 | 701,338,000 | 659,763,000 | 693,946,000 | 721,921,000 | 738,426,000 | 746,769,000 | 803,959,000 | 819,263,000 | 815,481,000 | 815,386,000 | 496,843,000 |
total liabilities and stockholders’ equity | 2,139,173,000 | 2,089,871,000 | 1,588,632,000 | 1,580,229,000 | 1,584,210,000 | 1,546,741,000 | 1,563,752,000 | 1,589,652,000 | 1,552,052,000 | 1,533,029,000 | 1,508,969,000 | 1,529,542,000 | 1,467,442,000 | 1,466,090,000 | 1,466,324,000 | 1,480,420,000 | 1,530,079,000 | 1,123,515,000 | 1,115,184,000 | 1,078,153,000 | 1,055,284,000 | 909,350,000 |
trade accounts receivable, net of allowances of 591 and 577 at june 30, 2025 and december 31, 2024, respectively | 150,326,000 | |||||||||||||||||||||
convertible senior notes | 370,779,000 | 370,146,000 | 369,514,000 | 368,883,000 | 368,248,000 | 367,626,000 | 366,999,000 | 366,374,000 | 365,750,000 | 365,127,000 | 364,505,000 | 363,885,000 | 363,265,000 | 362,648,000 | 362,031,000 | 361,474,000 | ||||||
trade accounts receivable, net of allowances of 475 and 577 at march 31, 2025 and december 31, 2024, respectively | 138,416,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 577 and 444 at december 31, 2024 and 2023, respectively | 138,791,000 | |||||||||||||||||||||
additional paid‑in capital | 1,269,264,000 | 1,241,716,000 | 1,214,340,000 | 1,183,852,000 | 1,162,993,000 | 1,136,727,000 | 1,105,703,000 | 1,072,148,000 | 1,049,875,000 | 1,011,205,000 | 987,576,000 | 930,788,000 | 913,581,000 | 898,428,000 | 917,116,000 | 909,966,000 | 903,116,000 | 894,056,000 | 570,434,000 | |||
trade accounts receivable, net of allowances of 460 and 444 at september 30, 2024 and december 31, 2023, respectively | 114,018,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 442 and 444 at june 30, 2024 and december 31, 2023, respectively | 109,073,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 387 and 444 at march 31, 2024 and december 31, 2023, respectively | 95,484,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 444 and 445 at december 31, 2023 and 2022, respectively | 108,240,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 484 and 445 at september 30, 2023 and december 31, 2022, respectively | 95,361,000 | |||||||||||||||||||||
income taxes receivable | 678,000 | 782,000 | 806,000 | 465,000 | 406,000 | 450,000 | 287,000 | 608,000 | 652,000 | 565,000 | 632,000 | 632,000 | 672,000 | 554,000 | ||||||||
trade accounts receivable, net of allowances of 508 and 445 at june 30, 2023 and december 31, 2022, respectively | 100,184,000 | |||||||||||||||||||||
deferred revenues | 290,663,000 | 278,407,000 | 278,038,000 | 271,721,000 | 249,374,000 | 234,389,000 | 223,031,000 | 211,029,000 | 180,707,000 | 167,868,000 | 160,443,000 | 151,532,000 | 130,309,000 | |||||||||
deferred revenues, non-current | 64,388,000 | 62,435,000 | 68,112,000 | 69,509,000 | 67,578,000 | 58,110,000 | 59,097,000 | 59,338,000 | 57,750,000 | |||||||||||||
trade accounts receivable, net of allowances of 427 and 445 at march 31, 2023 and december 31, 2022, respectively | 84,392,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 445 and 391 at december 31, 2022 and 2021, respectively | 88,163,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 462 and 391 at september 30, 2022 and december 31, 2021, respectively | 92,882,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 479 and 391 at june 30, 2022 and december 31, 2021, respectively | 96,450,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 492 and 391 at march 31, 2022 and december 31, 2021, respectively | 81,121,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 391 and 530 at december 31, 2021 and 2020, respectively | 79,143,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 460 and 530 at september 30, 2021 and december 31, 2020, respectively | 69,486,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 480 and 530 at june 30, 2021 and december 31, 2020, respectively | 66,667,000 | |||||||||||||||||||||
| ||||||||||||||||||||||
trade accounts receivable, net of allowances of 603 and 530 at march 31, 2021 and december 31, 2020, respectively | 75,882,000 | |||||||||||||||||||||
deferred revenues, noncurrent | 53,711,000 | 45,507,000 | 36,706,000 | 27,429,000 | ||||||||||||||||||
trade accounts receivable, net of allowances of 530 and 200 at december 31, 2020 and 2019, respectively | 69,056,000 | |||||||||||||||||||||
debt | 201,891,000 | |||||||||||||||||||||
trade accounts receivable, net of allowances of 513 and 200 at september 30, 2020 and december 31, 2019, respectively | 64,151,000 | |||||||||||||||||||||
trade accounts receivable | 53,275,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||
net income | -4,513,000 | -20,875,000 | 529,000 | -16,428,000 | -12,241,000 | -19,262,000 | -20,524,000 | -17,410,000 | -32,277,000 | -36,199,000 | -24,200,000 | -21,231,000 | -31,302,000 | -63,139,000 | -25,629,000 | -23,750,000 | -30,383,000 | -17,987,000 | -3,069,000 | -8,965,000 | -5,093,000 |
adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||
depreciation and amortization expense | 15,371,000 | 14,826,000 | 11,494,000 | 11,265,000 | 11,814,000 | 11,879,000 | 11,990,000 | 12,695,000 | 12,765,000 | 12,414,000 | 12,424,000 | 13,092,000 | 13,954,000 | 13,891,000 | 13,893,000 | 13,820,000 | 13,711,000 | 9,754,000 | 9,784,000 | 9,790,000 | 9,376,000 |
amortization of deferred contract costs | 7,863,000 | 7,856,000 | 7,403,000 | 7,126,000 | 6,929,000 | 6,537,000 | 6,325,000 | 5,932,000 | 5,578,000 | 5,213,000 | 4,774,000 | 4,472,000 | 4,232,000 | 4,104,000 | 3,755,000 | 3,500,000 | 3,173,000 | 2,565,000 | 3,296,000 | 2,942,000 | 2,487,000 |
amortization of capitalized cca implementation costs | 1,605,000 | 1,605,000 | 1,605,000 | 1,604,000 | |||||||||||||||||
amortization of debt issuance costs | 877,000 | 794,000 | 725,000 | 724,000 | 722,000 | 708,000 | 689,000 | 687,000 | 687,000 | 684,000 | 684,000 | 682,000 | 682,000 | 679,000 | 679,000 | 678,000 | 324,000 | 180,000 | 69,000 | 73,000 | 129,000 |
non-cash lease expense | 1,174,000 | 1,269,000 | 984,000 | 1,062,000 | 1,379,000 | 1,406,000 | 1,450,000 | 1,492,000 | 1,488,000 | 1,462,000 | 1,493,000 | 1,496,000 | 1,430,000 | 1,652,000 | 1,291,000 | 1,289,000 | 1,307,000 | 1,131,000 | 1,267,000 | ||
benefit from credit losses and returns | 142,000 | 439,000 | 141,000 | 267,000 | 43,000 | 154,000 | -24,000 | 246,000 | 9,000 | 203,000 | 14,000 | 18,000 | 36,000 | 146,000 | 128,000 | ||||||
stock-based compensation | 21,938,000 | 27,812,000 | 24,395,000 | 25,121,000 | 25,407,000 | 26,283,000 | 20,579,000 | ||||||||||||||
deferred income tax benefit | 74,000 | ||||||||||||||||||||
other | -485,000 | 2,944,000 | -4,000,000 | 6,481,000 | -3,872,000 | -564,000 | -26,000 | -2,257,000 | 2,440,000 | -1,179,000 | -677,000 | -1,270,000 | 3,165,000 | 713,000 | 725,000 | 275,000 | 690,000 | 392,000 | 62,000 | ||
changes in operating assets and liabilities: | |||||||||||||||||||||
trade accounts receivable | -4,397,000 | -10,362,000 | 442,000 | -25,443,000 | -4,724,000 | -13,768,000 | 12,696,000 | -12,721,000 | 5,535,000 | -15,962,000 | 3,915,000 | 5,638,000 | 2,745,000 | -15,680,000 | -2,190,000 | -9,705,000 | 935,000 | 9,315,000 | -7,066,000 | -4,838,000 | -10,958,000 |
prepaid expenses and other assets | -4,641,000 | 2,915,000 | -12,919,000 | 6,530,000 | -2,137,000 | -1,081,000 | -15,472,000 | -4,516,000 | -144,000 | 1,904,000 | -8,598,000 | 5,124,000 | 500,000 | -183,000 | -3,668,000 | -1,136,000 | -5,143,000 | 331,000 | -3,317,000 | 580,000 | -5,128,000 |
deferred contract costs | -6,442,000 | -8,192,000 | -7,135,000 | -11,835,000 | -8,300,000 | -9,601,000 | -8,334,000 | -11,804,000 | -9,715,000 | -10,979,000 | -8,145,000 | -8,215,000 | -7,481,000 | -8,486,000 | -6,952,000 | -6,743,000 | -6,204,000 | -5,352,000 | -6,496,000 | -7,710,000 | -6,844,000 |
accounts payable | 3,886,000 | -4,211,000 | 1,625,000 | -3,523,000 | 3,176,000 | -1,558,000 | -5,677,000 | 4,436,000 | 5,399,000 | 92,000 | -575,000 | -1,875,000 | 7,474,000 | 705,000 | -413,000 | -2,951,000 | 2,736,000 | 3,475,000 | -1,191,000 | 743,000 | 2,887,000 |
accrued liabilities | 3,154,000 | 4,652,000 | -14,148,000 | -181,000 | -3,960,000 | 7,605,000 | -10,602,000 | 10,060,000 | 2,835,000 | 9,560,000 | -19,765,000 | 7,145,000 | 5,972,000 | 8,150,000 | -11,250,000 | 2,701,000 | 3,533,000 | 5,805,000 | -7,694,000 | 9,708,000 | -1,836,000 |
income taxes payable | -3,182,000 | 3,066,000 | -859,000 | -417,000 | -44,000 | 125,000 | 119,000 | ||||||||||||||
deferred revenue | 33,174,000 | 14,898,000 | -6,283,000 | 7,459,000 | 7,709,000 | 5,697,000 | -8,885,000 | 3,427,000 | 11,759,000 | 14,147,000 | -5,394,000 | 3,504,000 | 24,689,000 | 24,755,000 | 10,478,000 | 11,752,000 | 26,837,000 | 17,155,000 | 15,472,000 | 17,597,000 | 30,500,000 |
other liabilities | -2,000 | -13,000 | 3,000 | 59,000 | -87,000 | 138,000 | 4,000 | -90,000 | -1,263,000 | 1,921,000 | |||||||||||
net cash from operating activities | 65,647,000 | 37,718,000 | 4,066,000 | 9,676,000 | 23,107,000 | 14,313,000 | -15,904,000 | 15,919,000 | 33,276,000 | 11,569,000 | -24,800,000 | 27,174,000 | 46,489,000 | 19,332,000 | -2,990,000 | 338,000 | 26,805,000 | 33,999,000 | 4,023,000 | 19,702,000 | 23,584,000 |
capital expenditures | -718,000 | -808,000 | -3,049,000 | -2,335,000 | -3,941,000 | -978,000 | -1,755,000 | -412,000 | -736,000 | -665,000 | -1,121,000 | -2,082,000 | -2,769,000 | -912,000 | -1,964,000 | -2,494,000 | -2,050,000 | -1,921,000 | -3,290,000 | -2,532,000 | -470,000 |
free cash flows | 64,929,000 | 36,910,000 | 1,017,000 | 7,341,000 | 19,166,000 | 13,335,000 | -17,659,000 | 15,507,000 | 32,540,000 | 10,904,000 | -25,921,000 | 25,092,000 | 43,720,000 | 18,420,000 | -4,954,000 | -2,156,000 | 24,755,000 | 32,078,000 | 733,000 | 17,170,000 | 23,114,000 |
investing activities | |||||||||||||||||||||
acquisitions, net of cash acquired | 0 | 0 | -19,793,000 | 0 | 0 | -4,023,000 | 0 | ||||||||||||||
purchases of equipment and leasehold improvements | -718,000 | -808,000 | -3,049,000 | -2,335,000 | -3,941,000 | -978,000 | -1,755,000 | -412,000 | -736,000 | -665,000 | -1,121,000 | -2,082,000 | -2,769,000 | -912,000 | -1,964,000 | -2,494,000 | -2,050,000 | -1,921,000 | -3,290,000 | -2,532,000 | -470,000 |
purchase of investments | 0 | 0 | -3,000,000 | 0 | 0 | -1,000,000 | -1,500,000 | 0 | 0 | 0 | -750,000 | 0 | |||||||||
net cash from investing activities | -694,000 | -176,409,000 | -6,039,000 | -2,324,000 | -3,939,000 | -2,308,000 | -3,230,000 | -393,000 | -19,522,000 | -704,000 | -1,857,000 | -21,863,000 | -5,941,000 | -999,000 | -5,979,000 | -27,481,000 | -351,707,000 | -1,911,000 | -6,319,000 | -5,040,000 | -470,000 |
financing activities | |||||||||||||||||||||
proceeds from term loan | 0 | ||||||||||||||||||||
debt issuance costs | 0 | 0 | 0 | 0 | 0 | 0 | -50,000 | -498,000 | -12,106,000 | 0 | |||||||||||
cash paid for offering costs | 0 | -675,000 | 0 | -24,000 | 0 | -300,000 | -655,000 | -4,398,000 | |||||||||||||
payment of acquisition-related holdback | 0 | 0 | -3,600,000 | 0 | -3,211,000 | -238,000 | 0 | 0 | 0 | ||||||||||||
repurchase and retirement of common stock | 0 | 0 | |||||||||||||||||||
proceeds from the exercise of stock options | 684,000 | 0 | 1,970,000 | 1,476,000 | 280,000 | 402,000 | 2,675,000 | 242,000 | 2,723,000 | 521,000 | 3,139,000 | 346,000 | 1,197,000 | 2,121,000 | 1,507,000 | 3,044,000 | 4,019,000 | 2,800,000 | 82,000 | ||
net cash from financing activities | 684,000 | 398,166,000 | -3,600,000 | -741,000 | -1,916,000 | -39,227,000 | 280,000 | 164,000 | 2,675,000 | -35,000 | 2,517,000 | 521,000 | 3,115,000 | 66,000 | -3,441,000 | -23,377,000 | 326,821,000 | -1,935,000 | 4,019,000 | 2,145,000 | 115,919,000 |
effect of exchange rate changes on cash, cash equivalents, and restricted cash | 17,000 | -181,000 | -269,000 | -354,000 | 318,000 | -32,000 | -184,000 | 269,000 | -282,000 | 50,000 | 42,000 | 609,000 | |||||||||
net increase in cash, cash equivalents, and restricted cash | 65,654,000 | 6,257,000 | 15,959,000 | 16,147,000 | 6,441,000 | ||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 0 | 0 | 228,344,000 | 0 | 0 | 0 | 250,809,000 | 0 | 0 | 0 | 231,921,000 | 0 | |||||||||
cash, cash equivalents, and restricted cash, end of period | 65,654,000 | 259,294,000 | 222,502,000 | 6,257,000 | 17,570,000 | -27,254,000 | 231,771,000 | 15,959,000 | 16,147,000 | 10,880,000 | 207,823,000 | 6,441,000 | |||||||||
deferred income tax expense | 67,000 | ||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | -5,842,000 | -27,254,000 | -19,038,000 | -24,098,000 | |||||||||||||||||
impairment of lease right-of-use assets | |||||||||||||||||||||
adjustment to contingent consideration | 306,000 | 200,000 | 100,000 | 88,000 | 1,200,000 | 600,000 | 3,937,000 | 300,000 | 2,100,000 | 600,000 | |||||||||||
cash paid for contingent consideration | 0 | 0 | 0 | -206,000 | 0 | 0 | 0 | -4,588,000 | 0 | 0 | |||||||||||
shares repurchased for tax withholdings on vesting of restricted stock | |||||||||||||||||||||
deferred tax benefit | 154,000 | -250,000 | -267,000 | -3,000 | -1,618,000 | -328,000 | -27,000 | -936,000 | -820,000 | -731,000 | -468,000 | -3,076,000 | -1,899,000 | 89,000 | -758,000 | ||||||
loss on extinguishment of debt | 0 | 0 | |||||||||||||||||||
share‑based compensation | 22,918,000 | 28,349,000 | 30,183,000 | 19,550,000 | 19,646,000 | 20,490,000 | 53,024,000 | 16,010,000 | 13,031,000 | 15,836,000 | 4,106,000 | 2,832,000 | 2,840,000 | 2,328,000 | |||||||
payment of deferred consideration | |||||||||||||||||||||
proceeds from convertible senior notes | 0 | ||||||||||||||||||||
proceeds from bank borrowings | 0 | ||||||||||||||||||||
payment of bank borrowings | 0 | ||||||||||||||||||||
payment for purchase of capped calls | 0 | ||||||||||||||||||||
income tax receivable/payable | 186,000 | 354,000 | -273,000 | -422,000 | 523,000 | -368,000 | 533,000 | -504,000 | 131,000 | -701,000 | 463,000 | -583,000 | 95,000 | ||||||||
payment of debt extinguishment costs | 0 | ||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts and commissions | 0 | ||||||||||||||||||||
proceeds from private placement | 0 | ||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -645,000 | -145,000 | 142,000 | -401,000 | |||||||||||||||||
net increase in cash and cash equivalents | 17,754,000 | -12,555,000 | 30,295,000 | 1,322,000 | |||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 177,150,000 | 0 | 194,868,000 | |||||||||||||||||
cash and cash equivalents, end of period | 17,754,000 | 164,595,000 | 30,295,000 | 196,190,000 | |||||||||||||||||
proceeds from sale of equipment and leasehold improvements | 8,000 | 13,000 | 13,000 | 10,000 | 12,000 | ||||||||||||||||
benefit from bad debt expense and returns | 34,000 | -200,000 | 159,000 | 130,000 | 82,000 | ||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | |||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | |||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | |||||||||||||||||||||
acquisition, net of cash acquired | 0 | -3,041,000 | |||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||
cash paid for interest | 3,000 | 3,000 | 2,000 | 3,385,000 | |||||||||||||||||
cash paid for income taxes, net of refunds | 481,000 | 351,000 | 691,000 | 292,000 | |||||||||||||||||
offering costs accrued but not paid | |||||||||||||||||||||
operating lease assets obtained in exchange for operating lease liabilities | 0 | -19,000 | |||||||||||||||||||
gain on disposal of equipment and leasehold improvements | -6,000 | -35,000 | |||||||||||||||||||
deferred taxes | 5,502,000 | -2,140,000 | |||||||||||||||||||
proceeds from debt | |||||||||||||||||||||
payment of debt | 0 | ||||||||||||||||||||
net increase in cash | 139,033,000 | ||||||||||||||||||||
cash, beginning of period | 0 | ||||||||||||||||||||
cash, end of period | 139,033,000 | ||||||||||||||||||||
| 0 | ||||||||||||||||||||
revenue: | |||||||||||||||||||||
the americas | 5,073,000 | ||||||||||||||||||||
europe, the middle east, india, and africa | 2,555,000 | ||||||||||||||||||||
asia pacific | 545,000 | ||||||||||||||||||||
proceeds from credit agreements | |||||||||||||||||||||
offering costs, accrued but not yet paid |

