secwatch.observer — SEC 8-K summary
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Issuer:     JFrog Ltd (FROG)
CIK:        0001800667
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092801
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JFrog Q2 revenue $103M (+22% YoY), cloud +42%; acquires Qwak AI, updates guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800667/000095017024092801/0000950170-24-092801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800667/000095017024092801/frog-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092801

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer