NASDAQ$FROG
Jfrog Ltd · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
JFrog's Q3 2021 revenue increased by 38%, with cloud revenue up by 50%. The customer count with ARR greater than $100K also increased by 49%.
JFrog reported a strong Q3 2021 with revenue of $53.7 million, a 38% increase year-over-year. Cloud revenue grew by 50%, and the number of customers with ARR greater than $100k increased by 49%. The company also completed the acquisition of Upswift.
- Revenue for the third quarter of 2021 was $53.7 million, an increase of 38% over the third quarter of 2020.
- GAAP Gross Margin was 78.7%, while Non-GAAP Gross Margin was 84.5%.
- The company had 466 customers with ARR greater than $100k, representing a 49% increase year-over-year.
- Cloud revenue increased by 50% year-over-year and represented 24% of total revenue.
Headline financials
Revenue & EPS history
JFrog · Revenue · Quarterly
$53.7M
Forward guidance
JFrog provided its outlook for the fourth quarter and full year 2021.
Tailwinds
- Fourth Quarter 2021 Revenue between $57.5 million and $58.5 million
- Fourth Quarter 2021 Non-GAAP operating income between $0.1 million and $1.0 million
- Fourth Quarter 2021 Non-GAAP net income per share between $0.00 and $0.01, assuming approximately 104 million weighted average diluted shares outstanding
- Full Year 2021 Revenue between $205 million to $206 million
- Full Year 2021 Non-GAAP operating income between $4.2 million and $5.2 million
Headwinds
- Full Year 2021 Non-GAAP net income per share between $0.04 and $0.05, assuming approximately 104 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 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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