Jfrog Ltd. ( (FROG) ) has released its Q1 earnings. Here is a breakdown of the information Jfrog Ltd. presented to its investors.
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JFrog Ltd., known as the Liquid Software company, specializes in providing a comprehensive software supply chain platform that integrates DevOps, DevSecOps, and MLOps, catering primarily to the technology sector with a focus on secure and efficient software delivery.
In its first-quarter 2025 earnings report, JFrog Ltd. reported a significant increase in total revenues, reaching $122.4 million, marking a 22% year-over-year growth. The company also highlighted the successful launch of JFrog ML, a platform unifying DevOps, DevSecOps, and MLOps, and a strategic partnership with Hugging Face to enhance machine learning model security.
Key financial metrics from the report include a 42% year-over-year increase in cloud revenues, totaling $52.6 million, and a notable rise in customers with annual recurring revenue exceeding $1 million, up by 35% to 54 customers. Despite a GAAP operating loss of $23.0 million, JFrog achieved a non-GAAP operating income of $21.4 million, reflecting a strong operational performance. The company’s cash, cash equivalents, and investments stood at $563.5 million by the end of the quarter.
Strategically, JFrog continues to expand its platform adoption, with 55% of its revenue coming from customers using its Enterprise+ subscription. The release of JFrog ML and the partnership with Hugging Face are expected to drive further growth and innovation in the software supply chain management space.
Looking forward, JFrog maintains a cautious yet optimistic outlook for the remainder of 2025, with projected revenues between $500 million and $505 million for the fiscal year. The company remains committed to scaling its operations and enhancing its platform capabilities to meet the evolving needs of its global customer base.