NASDAQ$FROG
Jfrog Ltd · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
JFrog's Q3 2020 results demonstrated growth and strong momentum.
JFrog reported a 40% increase in revenue for the third quarter of 2020, reaching $38.9 million. The company's free cash flow was a record $9.7 million. They ended the quarter with 313 customers with ARR greater than $100,000; 9 customers with ARR above $1 million.
- Revenue for the third quarter of 2020 was $38.9 million, an increase of 40% from $27.8 million for the third quarter of 2019.
- GAAP Gross Margin was 81.3%.
- Non-GAAP Operating Income was $5.1 million; non-GAAP operating margin was 13%.
- Operating Cash Flow was $10.8 million, with Free Cash Flow of $9.7 million.
Headline financials
Revenue & EPS history
JFrog · Revenue · Quarterly
$38.9M
Forward guidance
JFrog is providing the following guidance for the fourth quarter and full year 2020:
Tailwinds
- Fourth Quarter 2020 Outlook: Revenue between $40.9 million and $41.9 million.
- Fourth Quarter 2020 Outlook: Non-GAAP operating income between $1.2 million and $2.2 million.
- Fourth Quarter 2020 Outlook: Non-GAAP net income per share between $0.00 and $0.02 assuming approximately 104 million weighted average diluted shares outstanding.
- Full Year 2020 Outlook: Revenue between $149.0 million and $150.0 million.
- Full Year 2020 Outlook: Non-GAAP operating income between $12.0 million and $13.0 million.
Headwinds
- Full Year 2020 Outlook: Non-GAAP net income per share between $0.11 and $0.13 assuming approximately 101 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 Q3 2020
+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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