Jfrog Ltd. ( (FROG) ) has released its Q2 earnings. Here is a breakdown of the information Jfrog Ltd. presented to its investors.
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JFrog Ltd., a leader in the DevOps, DevSecOps, and MLOps sectors, is known for its innovative Software Supply Chain Platform that facilitates seamless software delivery and security. In its latest earnings report, JFrog announced a 23% increase in total revenues, reaching $127.2 million for the second quarter of 2025, with cloud revenues showing a significant 45% year-over-year growth. The company also highlighted a strategic partnership with NVIDIA and the release of a remote AI MCP server, underscoring its commitment to advancing in the AI ecosystem.
Key financial metrics revealed a GAAP gross profit of $97.0 million with a gross margin of 76.3%, while non-GAAP figures showed a gross profit of $105.7 million and a margin of 83.1%. Despite a GAAP operating loss of $26.0 million, JFrog reported a non-GAAP operating income of $19.4 million. The company also achieved a free cash flow of $35.5 million, maintaining a robust cash position with $611.7 million in cash, cash equivalents, and investments.
Strategically, JFrog’s cloud revenue now constitutes 45% of total revenue, up from 38% a year ago, with a net dollar retention rate of 118%. The number of customers with annual recurring revenue exceeding $1 million rose to 61, a 45% increase from the previous year. Additionally, 55% of the total revenue came from customers adopting the JFrog Platform Enterprise+ subscription, reflecting strong customer engagement with its comprehensive solutions.
Looking ahead, JFrog remains focused on disciplined operations and sustainable growth. The company projects third-quarter revenues between $127.0 million and $129.0 million, with a non-GAAP operating income forecasted between $16.5 million and $18.5 million. For the full fiscal year 2025, JFrog anticipates revenues in the range of $507.0 million to $510.0 million, indicating continued confidence in its strategic direction and market opportunities.