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Condensed financial information (Parent Company only)
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
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,
20222021
Assets
Current assets:
Cash and cash equivalents$— $— 
Total current assets— — 
Investment in subsidiaries701,338 738,426 
Total assets$701,338 $738,426 
Liabilities and stockholders’ equity
Current liabilities:
Current liabilities$— $— 
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, 2022 and 2021; no shares issued and outstanding at December 31, 2022 and 2021
— — 
Common stock, $0.001 par value, 500,000,000 shares authorized at December 31, 2022 and 2021; 123,170,172 and 119,426,064 shares issued and outstanding at December 31, 2022 and 2021, respectively
123 119 
Additional paid-in capital1,049,875 913,581 
Accumulated other comprehensive loss(39,951)(7,866)
Accumulated deficit(308,709)(167,408)
Total stockholders’ equity701,338 738,426 
Total liabilities and stockholders’ equity$701,338 $738,426 
Jamf Holding Corp.
(Parent Company only)
Condensed Statements of Operations
(in thousands)
Years Ended December 31,
202220212020
Revenue$— $— $— 
Operating expenses— — — 
Loss from operations— — — 
Other income, net— — — 
Loss before income tax benefit and equity in net loss of subsidiaries— — — 
Income tax benefit— — — 
Equity in net loss of subsidiaries(141,301)(75,189)(24,082)
Net loss$(141,301)$(75,189)$(24,082)
Jamf Holding Corp.
(Parent Company only)
Condensed Statements of Comprehensive Loss
(in thousands)
Years Ended December 31,
202220212020
Net loss$(141,301)$(75,189)$(24,082)
Other comprehensive loss:
Subsidiaries’ other comprehensive loss(32,085)(7,866)— 
Total other comprehensive loss(32,085)(7,866)— 
Comprehensive loss$(173,386)$(83,055)$(24,082)
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, 2022, 2021, and 2020. 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 the consolidated financial statements.