Overview

* JFrog ( FROG ) 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 ( FROG ) 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/Mis Actual Consensu

s s

Estimate

Q3 Beat $136.90 $128.27

Revenue mln mln (17

Analysts

)

Q3 Beat $0.22 $0.16

Adjusted (17

EPS Analysts

)

Q3 Beat $25.60 $17.78

Adjusted mln mln (17

Operatin Analysts

g Income )

Q3 83.90%

Adjusted

Gross

Margin

Q3 $114.90

Adjusted mln

Gross

Profit

Q3 18.70%

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 $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:

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(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.)