NASDAQ$FROG

Jfrog Ltd · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Jfrog Ltd reported Q2 2025 results with total subscription revenue of $127.2 million.

JFrog reported total subscription revenue of $127.2 million for the three months ended June 30, 2025, representing 23% growth year-over-year. The company recorded a net loss of $21.7 million and an operating loss of $26.0 million. Remaining performance obligations stood at $476.7 million as of quarter end.

  • Total subscription revenue grew 23% year-over-year to $127.2 million, driven by self-managed and SaaS subscriptions of $121.1 million.
  • Net dollar retention rate remained strong at 118%, with 1,076 customers having ARR over $100k and 61 over $1M.
  • Remaining performance obligations reached $476.7 million, with 67% expected to be recognized over the next 12 months.
  • Cash and cash equivalents were $51.3 million, supported by positive operating cash flow of $64.9 million for the first half of 2025.

Headline financials

Total Revenue

$127M

Previous: $103M+23.5%
EPS (adj)

-$0.19

Previous: -$0.13-46.2%
Net Dollar Retention Rate

118.0%

No prior period
Customers with ARR > $1M

61

No prior period
Customers with ARR > $100k

1.1K

No prior period
Remaining Performance Obligations

$477M

No prior period
Capital Expenditures

-$1.27M

Previous: -$1.57M+19.0%
Net Income

-$21.7M

Previous: -$14.3M-51.5%
Operating Income

-$26M

Previous: -$19.1M-35.8%
Gross Profit

$97M

Previous: $81.2M+19.6%
Cash & Equivalents

$51.3M

No prior period

Revenue & EPS history

JFrog · Revenue · Quarterly

$127M

Q2 2025+23.5%vs Q2 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

JFrog · $127M total across 2 segments · Q2 2025

  • Subscription—self-managed and SaaS
    $121M
  • License—self-managed
    $6.15M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+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
Q2 2025
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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