JFrog Q2 revenue, adjusted EPS beats analyst estimates

Jfrog

07/08/2025 22:44

Overview

JFrog Q2 revenue rises 23% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats estimates

Cloud revenue grows 45% yr/yr

Outlook

Company sees Q3 revenue between $127 mln and $129 mln

JFrog expects Q3 non-GAAP EPS between $0.15 and $0.17

Company forecasts FY 2025 revenue between $507 mln and $510 mln

JFrog anticipates FY 2025 non-GAAP EPS between $0.68 and $0.70

Result Drivers

CLOUD REVENUE - Cloud revenue rose 45% yr/yr to $57.1 mln, now comprising 45% of total revenue

CUSTOMER EXPANSION - Customers with ARR over $1 mln increased 45% yr/yr to 61

AI INITIATIVES - Released remote AI MCP server and partnered with NVIDIA's Enterprise AI Factory

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$127.20 mln
$122.80 mln (16 Analysts)
Q2 Adjusted EPS
Beat
$0.18
$0.16 (18 Analysts)
Q2 Adjusted Operating Income
Beat
$19.40 mln
$17.60 mln (16 Analysts)
Q2 Adjusted Gross Margin
83.1%
Q2 Adjusted Gross Profit
$105.70 mln
Q2 Adjusted Operating Margin
15.2%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Jfrog Ltd is $46.00, about 8.7% above its August 6 closing price of $42.02

The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release: ID:nBw9VVBLYa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)