Overview

* JFrog ( FROG ) 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 ( FROG ) expects Q3 non-GAAP EPS between $0.15 and $0.17

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

* JFrog ( FROG ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $127.20 $122.80

Revenue mln mln (16

Analysts

)

Q2 Beat $0.18 $0.16

Adjusted (18

EPS Analysts

)

Q2 Beat $19.40 $17.60

Adjusted mln mln (16

Operatin Analysts

g Income )

Q2 83.1%

Adjusted

Gross

Margin

Q2 $105.70

Adjusted mln

Gross

Profit

Q2 15.2%

Adjusted

Operatin

g Margin

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 ( FROG ) 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:

(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.)