NASDAQ$FROG
Jfrog Ltd · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
JFrog reported a revenue increase of 34%, a record quarterly operating cash flow, and completed the acquisition of Vdoo.
JFrog announced strong second-quarter results with revenue growth, gross margin improvement, and record cash flow. The company also completed the acquisition of Vdoo to enhance its security capabilities.
- Revenue for the second quarter of 2021 was $48.7 million, an increase of 34% from $36.4 million for the second quarter of 2020.
- GAAP Gross Profit was $39.6 million; GAAP Gross Margin was 81.4%.
- Operating Cash Flow was $19.2 million, with Free Cash Flow of $18.0 million.
- At quarter end, 415 customers had ARR greater than $100,000; 12 customers had ARR above $1 million.
Headline financials
Revenue & EPS history
JFrog · Revenue · Quarterly
$48.7M
Forward guidance
JFrog anticipates revenue between $52 million and $53 million and a non-GAAP operating loss between $2.6 million and $3.6 million for the third quarter of 2021. For the full year 2021, the company projects revenue between $202 million and $205 million and a non-GAAP operating loss between $4 million and $5 million.
Tailwinds
- Revenue between $52 million and $53 million for Q3 2021
- Full Year 2021 Revenue between $202 million to $205 million
Headwinds
- Non-GAAP operating loss between $2.6 million and $3.6 million for Q3 2021
- Non-GAAP loss per share between $0.03 and $0.04 for Q3 2021
- Non-GAAP operating loss between $4 million and $5 million for full year 2021
- Non-GAAP loss per share between $0.04 and $0.05 for full year 2021
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 Q2 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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