JFrog Q3 revenue up 26%, beats estimates

Jfrog

06/11/2025 21:54

Overview

JFrog Q3 revenue grows 26% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong financial performance

Cloud revenue rises 50% yr/yr, contributing 46% of total revenue

Outlook

Company expects Q4 revenue between $136.5 mln and $138.5 mln

JFrog forecasts FY 2025 revenue between $523 mln and $525 mln

Result Drivers

CLOUD REVENUE - Cloud revenue grew 50% yr/yr, contributing 46% of total revenue

HIGH-VALUE CUSTOMERS - Customers with ARR greater than $1 mln increased 54% yr/yr

PRODUCT INNOVATION - Released AppTrust for GRC and AI Catalog for secure AI model delivery

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$136.90 mln
$128.27 mln (17 Analysts)
Q3 Adjusted EPS
Beat
$0.22
$0.16 (17 Analysts)
Q3 Adjusted Operating Income
Beat
$25.60 mln
$17.78 mln (17 Analysts)
Q3 Adjusted Gross Margin
83.90%
Q3 Adjusted Gross Profit
$114.90 mln
Q3 Adjusted Operating Margin
18.70%


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 $56.00, about 17.6% above its November 5 closing price of $46.12

The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 57 three months ago

Press Release: ID:nBw7CxYBPa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)