NASDAQ$FROG
Jfrog Ltd · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
JFrog's first quarter 2021 results announced, showing revenue growth and progress in customer acquisition.
JFrog reported a strong first quarter with a 37% increase in revenue, a net dollar retention rate of 130%, and growth in net new customer additions. The company also highlighted product innovation and an expanded footprint in APAC.
- Revenue increased by 37% compared to the first quarter of 2020.
- Net dollar retention rate was 130% for the trailing four quarters.
- 395 customers had ARR greater than $100,000, and 10 customers had ARR above $1 million.
- Cloud revenue grew by 62% and represented 23% of total revenue.
Headline financials
Revenue & EPS history
JFrog · Revenue · Quarterly
$45.1M
Forward guidance
JFrog provided outlook for the second quarter and full year 2021, including revenue and non-GAAP operating income guidance.
Tailwinds
- Second Quarter 2021 Revenue between $47.6 million and $48.6 million
- Second Quarter 2021 Non-GAAP operating income between $0.5 million and $1.5 million
- Second Quarter 2021 Non-GAAP net income per share between $0.00 and $0.01
- Full Year 2021 Revenue between $198 million to $204 million
- Full Year 2021 Non-GAAP operating income between $5 million and $7 million
Headwinds
- Approximately 3% increase in weighted average diluted shares
- Risks associated with managing rapid growth
- History of losses
- Ability to retain and upgrade existing customers
- Ability to attract new customers
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.3%
Avg return
Earnings day
-1.8%
Avg return
5 days after
-3.5%
Avg return
30 days after
39%
9 / 23 earnings
Positive
+33.3%
Q4 2023
Best reaction
-27.7%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.9% | -7.9% | +21.4% | |
| Q4 2025 | -3.0% | -10.7% | -22.9% | |
| Q3 2025 | +27.0% | +30.5% | +37.1% | |
| Q1 2025 | +1.2% | -9.1% | +7.9% | |
| Q4 2024 | +5.5% | +5.6% | -11.0% | |
| Q3 2024 | -2.0% | -3.6% | -1.5% | |
| Q2 2024 | -27.7% | -24.2% | -19.9% | |
| Q1 2024 | -19.0% | -18.3% | -20.3% | |
| Q4 2023 | +33.3% | +25.4% | +18.0% | |
| Q3 2023 | +16.8% | +22.1% | +25.8% | |
| Q2 2023 | -1.0% | -1.2% | +0.3% | |
| Q1 2023 | +12.0% | +17.7% | +31.4% | |
| Q4 2022 | -4.0% | -3.9% | -24.3% | |
| Q3 2022 | -8.3% | -16.7% | -8.7% | |
| Q2 2022 | +7.4% | +9.0% | -13.7% | |
| Q1 2022 | -9.1% | -9.5% | -8.6% | |
| Q4 2021 | -7.9% | -2.5% | -15.0% | |
| Q3 2021 | +12.7% | +11.6% | -17.6% | |
| Q2 2020 | -16.0% | -16.1% | -17.8% | |
| Q2 2021 | -7.6% | -12.9% | -12.4% | |
| Q1 2021 | -17.4% | -15.4% | +1.5% | |
| Q4 2020 | -0.2% | +5.0% | -24.3% | |
| Q3 2020 | -9.5% | -16.2% | -5.1% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — |
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