NASDAQ$FROG

Jfrog Ltd · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

JFrog reported Q1 2025 total subscription revenue of $122.4M with a net loss of $18.5M and diluted loss per share of $0.16.

Total subscription revenue was $122.4 million for the quarter ended March 31, 2025, as DevOps platform adoption continued. Net loss was $18.5 million ($0.16 diluted LPS) versus $8.8 million a year ago as operating expenses rose on sales and R&D investment. Remaining performance obligations totaled $424.2 million at quarter end.

  • Q1 subscription revenue $122.4M; gross profit $92.2M.
  • Net loss $18.5M; diluted LPS $0.16.
  • RPO $424.2M with 68% expected within 12 months.
  • Cloud and enterprise consumption trends drive growth.

Headline financials

Total Revenue

$122M

Previous: $100M+22.0%
EPS (adj)

-$0.16

Previous: -$0.08-100.0%
GAAP Gross Margin

75.3%

Previous: 79.5%-5.3%
Non-GAAP Gross Margin

82.5%

Previous: 85.1%-3.1%
GAAP Operating Margin

-18.8%

Previous: -16.6%-13.3%
Non-GAAP Operating Margin

17.4%

Previous: 14.0%+24.3%
Operating Cash Flow

$28.8M

Previous: $17.5M+64.8%
Capital Expenditures

-$647K

Previous: -$841K+23.1%
Net Income

-$18.5M

Previous: -$8.79M-110.5%
Operating Income

-$23M

Previous: -$16.6M-38.1%
Gross Profit

$92.2M

Previous: $79.7M+15.7%

Revenue & EPS history

JFrog · Revenue · Quarterly

$122M

Q1 2025+22%vs Q1 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Outlook emphasizes milestones, liquidity runway, and cost discipline.

Tailwinds

  • Pipeline progress and partnership economics.
  • Cash supports near-term operating plans.

Headwinds

  • Operating losses until commercial scale.
  • Financing and competition affect funding costs.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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