Condensed financial information (Parent Company only)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Condensed financial information (Parent Company only)

Condensed financial information (Parent Company only)

Jamf Holding Corp.

(Parent Company only)

Condensed Balance Sheets

(in thousands, except share and per share amounts)

	December 31,
	2021		2020
Assets
Current assets:
Cash and cash equivalents	$	—	$	—
Total current assets	—		—
Investment in subsidiaries	738,426		811,014
Total assets	$	738,426	$	811,014
Liabilities and stockholders’ equity
Current liabilities:
Current liabilities	$	—	$	—
Total current liabilities	—		—
Other liabilities	—		—
Total liabilities	—		—
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value, 50,000,000 shares authorized at December 31, 2021 and 2020; no shares issued and outstanding at December 31, 2021 and 2020	—		—
Common stock, $0.001 par value, 500,000,000 shares authorized at December 31, 2021 and 2020; 119,426,064 and 116,992,472 shares issued and outstanding at December 31, 2021 and 2020, respectively	119		117
Additional paid-in capital	913,581		903,116
Accumulated other comprehensive loss	(7,866)		—
Accumulated deficit	(167,408)		(92,219)
Total stockholders’ equity	738,426		811,014
Total liabilities and stockholders’ equity	$	738,426	$	811,014

Jamf Holding Corp.

(Parent Company only)

Condensed Statements of Operations

(in thousands)

	Years Ended December 31,
	2021		2020		2019
Revenue	$	—	$	—	$	—
Operating expenses	—		—		—
Loss from operations	—		—		—
Other income, net	—		—		—
Loss before income tax benefit and equity in net loss of subsidiaries	—		—		—
Income tax benefit	—		—		—
Equity in net loss of subsidiaries	(75,189)		(24,082)		(34,345)
Net loss	$	(75,189)	$	(24,082)	$	(34,345)

Jamf Holding Corp.

(Parent Company only)

Condensed Statements of Comprehensive Loss

(in thousands)

	Years Ended December 31,
	2021		2020		2019
Net loss	$	(75,189)	$	(24,082)	$	(34,345)
Other comprehensive loss:
Subsidiaries’ other comprehensive loss	(7,866)		—		—
Total other comprehensive loss	(7,866)		—		—
Comprehensive loss	$	(83,055)	$	(24,082)	$	(34,345)

Basis of presentation

Jamf Holding Corp. is a holding company with no material operations of its own that conducts substantially all of its activities through its subsidiaries. Jamf Holding Corp. has no direct outstanding debt obligations. However, JAMF Holdings Inc., a wholly owned subsidiary, as borrower under the 2020 Credit Agreement, is limited in its ability to declare dividends or make any payment on account of its capital stock to, directly or indirectly, fund a dividend or other distribution to Jamf Holding Corp., subject to limited exceptions, including (1) stock repurchases, (2) unlimited amounts subject to compliance with a 6.0 to 1.0 total leverage ratio giving pro forma effect to any distribution, (3) amounts not to exceed the greater of (i) $20 million and (ii) 20% of EBITDA in any reference period, and (4) payment of Jamf Holding Corp.’s overhead expenses. Due to the aforementioned qualitative restrictions, substantially all of the assets of Jamf Holding Corp.’s subsidiaries are restricted. For a discussion of the 2020 Credit Agreement, see Note 9.

These condensed financial statements have been presented on a “parent-only” basis. Under a parent-only presentation, Jamf Holding Corp.’s investment in subsidiaries is presented under the equity method of accounting. A condensed statement of cash flows was not presented because Jamf Holding Corp. has no material operating, investing, or financing cash flow activities for the years ended December 31, 2021, 2020, and 2019. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. As such, these parent-only statements should be read in conjunction with the accompanying notes to consolidated financial statements.