NASDAQ$FROG
Jfrog Ltd · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
JFrog's financial performance in Q2 2022 showed significant year-over-year growth, driven by cloud revenue and customer expansion.
JFrog announced strong Q2 2022 results, with total revenue up 39% year-over-year to $67.8 million. Cloud revenue increased by 68% year-over-year, and the company saw significant growth in customers with ARR over $100k and $1 million.
- Total revenue reached $67.8 million, a 39% increase year-over-year.
- Cloud revenue grew by 68% year-over-year, representing 28% of total revenue.
- Customers with ARR over $100k increased by 56% year-over-year to 647.
- Net Dollar Retention rate was 132%.
Headline financials
Revenue & EPS history
JFrog · Revenue · Quarterly
$67.8M
Forward guidance
JFrog anticipates revenue between $70.5 million and $71.5 million and Non-GAAP operating income between ($0.5) million and $0.5 million for Q3 2022. For fiscal year 2022, they anticipate revenue between $278.5 million and $280.5 million and Non-GAAP operating income between ($1.0) million and $1.0 million.
Tailwinds
- Revenue between $70.5 million and $71.5 million
- Non-GAAP operating income between ($0.5) million and $0.5 million
- Non-GAAP net income per diluted share between ($0.01) and $0.01
- Revenue between $278.5 million to $280.5 million
- Non-GAAP operating income between ($1.0) million and $1.0 million
Headwinds
- Non-GAAP operating income between ($0.5) million and $0.5 million
- Non-GAAP net income per diluted share between ($0.01) and $0.01
- Non-GAAP operating income between ($1.0) million and $1.0 million
- Potential variability of reconciling items
- Excludes expenses that may have a material impact on JFrog’s reported financial results
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 2022
+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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