NASDAQ$FROG
Jfrog Ltd · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
JFrog's Q2 2024 financial results were announced, showcasing revenue growth and strategic acquisitions.
JFrog reported a 22% year-over-year increase in total revenue, reaching $103.0 million for Q2 2024. Cloud revenue grew by 42% year-over-year, representing 38% of total revenue. The company acquired Qwak AI to expand its platform to include MLOps.
- Total revenue reached $103.0 million, a 22% increase year-over-year.
- Cloud revenue increased by 42% year-over-year, accounting for 38% of total revenue.
- Customers with ARR greater than $1 million increased by 75% year-over-year, totaling 42 customers.
- JFrog acquired Qwak AI, expanding the platform to include MLOps capabilities.
Headline financials
Revenue & EPS history
JFrog · Revenue · Quarterly
$103M
Forward guidance
JFrog anticipates revenue between $105 million and $106 million for Q3 2024. Non-GAAP operating income is expected to be between $10 million and $11 million, with non-GAAP net income per diluted share between $0.09 and $0.11.
Tailwinds
- Revenue between $105 million and $106 million
- Non-GAAP operating income between $10 million and $11 million
- Non-GAAP net income per diluted share between $0.09 and $0.11
- Assuming approximately 115 million weighted average diluted shares outstanding
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 2024
+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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