earnings
confidence high
sentiment positive
materiality 0.70
JFrog Q2 revenue $103M (+22% YoY), cloud +42%; acquires Qwak AI, updates guidance
JFrog Ltd
2024-Q2 EPS reported
-$0.21
revenue$203,354,000
- Total revenue $103.0M (+22% YoY); cloud revenue $39.3M (+42% YoY); Enterprise+ subscription rev $51M (+35% YoY).
- GAAP operating loss ($19.1M); non-GAAP operating income $13.6M; GAAP EPS loss ($0.13); non-GAAP diluted EPS $0.15.
- Customers with >$1M ARR hit 42 (+75% YoY); total customers with >$100K ARR increased to 928.
- Acquired Qwak AI to integrate MLOps into JFrog Platform; announced partnership with GitHub for source-to-binary navigation.
- Q3 guidance: rev $105-106M, non-GAAP op income $10-11M, non-GAAP EPS $0.09-0.11; FY2024 rev $422-424M.