Earnings Presentation
Second Quarter 2024

1Safe Harbor
Unless otherwise specified, financial information and other data presented in this presentation is presented as of June 30, 2024. Jamf’s historical results are not necessarily indicative of the results that may be expected in the future.
Forward-Looking Statements
This presentation contains “forward-looking statements” within the meaning of federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating
performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “can,” “will,” “would,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,”“predicts,” “forecasts,” “potential” or “continue” or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors that may cause ouractual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include, but are not limited to, statements regarding our future financial and operating performance (including
our outlook and guidance), the demand for our platform, anticipated impacts of macroeconomic conditions on our business, our expectations regarding business benefits and financial impacts from our acquisitions, partnerships and investments, and our ability todeliver on our long-term strategy.
The forward-looking statements contained in this presentation are also subject to additional risks, uncertainties, and factors, including those more fully described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Additional informationis also set forth in our Quarterly Report on From 10-Q for the fiscal quarter ended June 30, 2024, as well as the subsequent periodic and current reports and other filings that we make with the Securities and Exchange Commission from time to time. Moreover, weoperate in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this presentation. Given these factors, as well as other variables that may affectour operating results, you should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, or use historical trends to anticipate results or trends in future periods. The forward-looking statements

included in this presentation relate only to events as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
Non-GAAP Financial Measures

This presentation contains the financial measures Non-GAAP Gross Profit, Non-GAAP Gross Profit Margin, Non-GAAP Operating Income (Loss), Non-GAAP Operating Income (Loss) Margin, Free Cash Flow, Free Cash Flow Margin, Unlevered Free Cash Flow, andUnlevered Free Cash Flow Margin which are not recognized under generally accepted accounting principles in the United States (“GAAP”).

In addition to our results determined in accordance with GAAP, we believe the non-GAAP measures of Non-GAAP Gross Profit, Non-GAAP Gross Profit Margin, Non-GAAP Operating Income (Loss), Non-GAAP Operating Income (Loss) Margin, Free Cash Flow, Free
Cash Flow Margin, Unlevered Free Cash Flow, and Unlevered Free Cash Flow Margin are useful in evaluating our operating performance. Certain of these non-GAAP measures exclude amortization expense, stock-based compensation, acquisition-related expenses,
acquisition-related earnout, offering costs, payroll taxes related to stock-based compensation, system transformation costs, restructuring charges and extraordinary legal settlements and non-recurring litigation costs.
We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may bedifferent from similarly-titled non-GAAP measures used by other companies. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in our financial statements. In addition, they
are subject to inherent limitations as they reflect the exercise of judgment by our management about which expenses are excluded or included in determining these non-GAAP financial measures. We strongly encourage investors to review our consolidated financial

statements included in our publicly filed reports in their entirety and not rely solely on any single financial measurement or communication. Definitions of Non-GAAP Gross Profit, Non-GAAP Operating Income (Loss), Free Cash Flow, and Unlevered Free Cash Flow,and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure can be found at the end of this presentation.

2Q2 Highlights
Q2 2024$621.7m

ARR
Growth%113%•Both Revenue and Non-GAAP Operating Income2 exceeded
the high end of outlook•

27% year-over-year growth in Security ARR; 23% of total
ARR•

Named a Leader in the IDC MarketScape: Worldwide UEM
Software for Apple Devices 2024 Vendor Assessment

Revenue$153.0m

Growth%113%•Introduced the Jamf Partner Hub and an enhanced PartnerProgram$23.5m•Launched two new offerings to better support managed
service provider (MSP) partners, Jamf Insights and Jamf
Service Provider plan•

Announced Jamf has been authorized by the CVE Program
as a CVE Numbering Authority, recognizing Jamf’scommitment to helping organizations maintain the mostsecure environments•

Hosted over 1,400 customers at Jamf Nation Live events inAmsterdam, Berlin and London•

Published our 2024 Purpose and Impact Report

Non-GAAP Operating
Income2
Margin%15%

Customers

76,600Devices

33.6m

Note: Company statistics and financial metrics are as of the period ended 6/30/2024 unless footnoted otherwise. 1 Growth is compared to prior year period. 2 See appendix for reconciliation of GAAP to Non-GAAP measures.

3Strategic growth drivers
Mac Leadership

Expand with Mobile

1 23 4
Management & Security

International Expansion
4

Balanced Growth and Profitability
GrowthProfitability

13%

13%

106%

Revenue Growth1

ARR Growth1

Net Retention Rate2

14%

15%

82%

TTM uFCF Margin2,3

Non-GAAP Op Inc Margin3

Non-GAAP Gross Margin3

Note: Represents the period ended 6/30/2024. 1 Comparison of growth is to Q2 2023. 2 TTM as of 6/30/2024. 3 Represents calculations based on Non-GAAP measures. See appendix for reconciliation of GAAP to Non-GAAP measures.

5Key Milestones in 2024 To Track Our Progress
FY 2024 Goal

Q2 FY 2024 Current

Meet quarterly financial outlook

Meet

Exceeded

Decrease in Sales & Marketing Expense as a% of total revenue by ~600 bps1,2~33%

34.3%

Decrease in G&A Expense as a % of total
revenue by ~150 bps1,2~14.5%

13.9%

25% growth

27% growth

Achieve at least 25% growth in Security ARR
by end of 2024

1 Comparison to fiscal year 2023. 2 Represents calculations based on Non-GAAP measures. See appendix for reconciliation of GAAP to Non-GAAP measures.

62024 Financial Outlook
Revenue

Q3 2024

FY 2024$156.5 - $158.5 million$622.5 - $625.5 million(10% - 11% growth1)(11% - 12% growth2)
Midpoint increase of $3.5 million from prior outlook$96.0 - $98.0 million

Non-GAAP Operating Income3$25.5 - $26.5 million(16% - 17% margin)(15% - 16% margin)
Midpoint increase of $3.0 million from prior outlook

Amortization~$10.0 million~$40.3 million

Stock-based Compensation and related payroll taxes~$27.2 million~$102.9 million

Weighted Average Basic Shares Outstanding~128.2 million~128.3 million

Weighted Average Diluted Shares Outstanding~139.2 million~139.6 million

Effective Tax Rate

Under 5%

Domestic statutory tax rate to be used for calculating tax impacts of Non-GAAP adjustments

24%

1 Comparison of growth is to Q3 2023. 2 Comparison of growth is to fiscal year 2023. 3 Jamf is unable to provide a quantitative reconciliation of forward-looking guidance of Non-GAAP Operating Income to GAAP operating income (loss) because certain items are out of Jamf’s control or cannot be reasonably

predicted. Historically, these items have included, but are not limited to, acquisition-related expense and acquisition-related earn-out, amortization, stock-based compensation and related payroll taxes, and system transformation costs. Accordingly, a reconciliation for forward-looking Non-GAAP Operating
Income is not available without unreasonable effort. 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.

7Key Business Metrics
March 31,2023

June 30,
2023

September 30,
2023

December 31,
2023

March 31,2024

June 30,2024

ARR (in millions)$526.6$547.8$566.3$588.6$602.4$621.7

ARR from management solutions as a percent of total ARR

80%

79%

79%

77%

77%

77%

ARR from security solutions as a percent of total ARR

20%

21%

21%

23%

23%

23%

ARR from commercial customers as a percent of total ARR

72%

73%

73%

74%

74%

74%

ARR from education customers as a percent of total ARR

28%

27%

27%

26%

26%

26%

Dollar-based net retention rate

111%

109%

108%

108%

107%

106%

Devices (in millions)

30.8

31.3

31.8

32.3

32.8

33.6

Customers

72,50073,50074,40075,30075,90076,600Appendix

9Select Definitions
Net Retention Rate
Annual Recurring Revenue
Non-GAAP
Gross Profit

Measures our ability to increase revenue across our existing customer base through expanded use of our software solutions, offset by customers whosesubscription contracts with us are not renewed or renew at a lower amountRepresents the annualized value of all subscription and support and maintenance contracts as of the end of the period
Gross profit adjusted for amortization expense, stock-based compensation expense, acquisition-related expense, payroll taxes related to stock-based
compensation, system transformation costs, and restructuring charges

Non-GAAP
Gross Profit Margin

Non-GAAP gross profit as a percentage of total revenue

Non-GAAP
Operating Income andExpenses

Operating loss or expense adjusted for amortization expense, stock-based compensation expense, acquisition-related expense, acquisition-related earnout,
offering costs, payroll taxes related to stock-based compensation, system transformation costs, restructuring charges, and extraordinary legal settlements andnon-recurring litigation costs

Non-GAAP
Operating Income Margin

Free Cash Flow

Free Cash Flow Margin

Non-GAAP operating income as a percentage of total revenue

Net cash provided by (used in) operating activities less cash paid for purchases of equipment and leasehold improvements

Free cash flow as a percentage of total revenue

Unlevered Free
Cash Flow

Free cash flow plus cash paid for interest, cash paid for acquisition-related expense, cash paid for system transformation costs, cash paid for restructuring
charges, cash paid for contingent consideration, and cash paid for extraordinary legal settlements and non-recurring litigation costs

Unlevered FreeCash Flow Margin

Unlevered free cash flow as a percentage of total revenue

GAAP to Non-GAAP Gross Profit Reconciliation($ in millions)

FY2022

FY2023Q2 2023

Q2 2024

Gross profit

$360

$435

$104

$118

Amortization expense

201433

Stock-based compensation

101233Acquisition-related expense

——

—

—

Payroll taxes related to stock-based compensation

——

—

—

System transformation costs

—

—

—

—

Restructuring charges

—

—

—

—

Non-GAAP gross profit

$390

$460

$111

$125

Total revenue

$479

$561

$135

$153

Gross profit margin

75%

78%

77%

77%

Non-GAAP gross profit margin

81%

82%

82%

82%

GAAP to Non-GAAP Operating Expenses Reconciliation
FY2023Q2 2024($ in millions)

S&M

R&D

G&A

S&M

R&D

G&A

Operating expenses

$251

$134

$135

$62

$35

$34

Stock-based compensation

(33)

(24)

(33)

(8)

(7)

(8)

Acquisition-related expense

—

(1)

(6)

—

—

(2)

Acquisition-related earnout

—

—

—

—

—

—

Offering costs

—

—

—

—

—

(1)

Payroll taxes related to stock-based compensation

(1)

(1)

—

—

—

—

System transformation costs

—

—

(5)

—

—

(2)

Restructuring charges

—

—

(1)

(1)

—

—

Legal settlements and non-recurring litigation costs

—

—

(1)

—

—

—

Non-GAAP operating expenses

$216

$109

$90

$53

$28

$21

Total revenue

$561

$561

$561

$153

$153

$153

Operating expenses as a percentage of total revenue

45%

24%24%

40%

23%

22%

Non-GAAP operating expenses as a percentage of total revenue

39%

19%

16%

34%

18%

14%

GAAP to Non-GAAP Operating Income Reconciliation($ in millions)

FY2022

FY2023Q2 2023

Q2 2024

Operating loss$(139)$(115)

$(38)

$(20)

Amortization expense

48

43

11

10

Stock-based compensation

109

101

30

26

Acquisition-related expense

57

1

2

Acquisition-related earnout

1—

—

—

Offering costs

—

—

—

1

Payroll taxes related to stock-based compensation

23

1—

System transformation costs—

51

2Restructuring charges—

1—

1Legal settlements and non-recurring litigation costs—1——

Non-GAAP operating income$26$45$6$24

Total revenue

$479

$561

$135

$153

Operating loss margin

(29)%

(21)%

(28)%

(13)%

Non-GAAP operating income margin

5%

8%

4%

15%

Free Cash Flow and Unlevered Free Cash Flow
Q2 2022

Q2 2023

Q2 2024

Q2 2022
YTD

Q2 2023
YTD

Q2 2024
YTD

$48

$19

$12$14$16$(13)

$(2)

(7)

(4)

(1)

(1)

(1)

(3)

(2)

(3)

33

54

44

18

111313(15)(4)

1111——————Cash paid for acquisition-related expense

4

3

4

4

1

1

—

21

2

Cash paid for system transformation costs

—

122

26

—

17—

215

Cash paid for restructuring charges

—

—

—

9—

—

2—

—

9

Cash paid for contingent consideration

—

66—

—

—

—

—

6

—

Cash paid for legal settlements and non-recurring litigation costs

—

—

—

—

—

—

—

—

—

—

Unlevered free cash flow

$88

$55

$67

$83

$19

$13

$23

$16

$(5)

$22

Total revenue

$479

$561

$522

$598

$116

$135

$153

$224

$267

$305

Net cash provided by (used in) operating activities as a percentage of total revenue

19%

6%

12%

8%

17%

9%9%7%(5)%(1)%

Free cash flow margin

17%

6%

10%

7%

16%

8%

9%6%(6)%(1)%

Unlevered free cash flow margin

18%

10%

13%

14%

17%

10%

15%7%(2)%7%($ in millions)

FY2022

FY2023$90$36$60

(8)

(3)

82

Cash paid for interest

Net cash provided by (used in) operating activities

TTM 6/30/23 TTM 6/30/24

Less:
Cash paid for purchases of equipment and leasehold improvements

Free cash flow
Add: