JFrog Q2 revenue, adjusted EPS beats analyst estimates
Overview
JFrog Q2 revenue rises 23% yr/yr, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 beats estimates
Cloud revenue grows 45% yr/yr
Outlook
Company sees Q3 revenue between $127 mln and $129 mln
JFrog expects Q3 non-GAAP EPS between $0.15 and $0.17
Company forecasts FY 2025 revenue between $507 mln and $510 mln
JFrog anticipates FY 2025 non-GAAP EPS between $0.68 and $0.70
Result Drivers
CLOUD REVENUE - Cloud revenue rose 45% yr/yr to $57.1 mln, now comprising 45% of total revenue
CUSTOMER EXPANSION - Customers with ARR over $1 mln increased 45% yr/yr to 61
AI INITIATIVES - Released remote AI MCP server and partnered with NVIDIA's Enterprise AI Factory
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $127.20 mln | $122.80 mln (16 Analysts) |
Q2 Adjusted EPS | Beat | $0.18 | $0.16 (18 Analysts) |
Q2 Adjusted Operating Income | Beat | $19.40 mln | $17.60 mln (16 Analysts) |
Q2 Adjusted Gross Margin |
| 83.1% |
|
Q2 Adjusted Gross Profit |
| $105.70 mln |
|
Q2 Adjusted Operating Margin |
| 15.2% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Jfrog Ltd is $46.00, about 8.7% above its August 6 closing price of $42.02
The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 47 three months ago
Press Release: ID:nBw9VVBLYa
