JFrog reports Q1 EPS 20c, consensus 16c

Reports Q1 revenue $122.4M, consensus $117.4M. Reports Q1: Cloud Revenues of $52.6 million; up 42% Year-over-Year. Customers with ARR greater than $1 million equaled 54, up 35% Year-over-Year. “The JFrog (FROG) Platform has become the software system of record for organizations, transforming how software is created and delivered by unifying DevOps, DevSecOps, and AI/MLOps in one platform,” said Shlomi Ben Haim, CEO and Co-founder of JFrog. “Our strong Q1 results reflect both the critical role we play in our customers’ software supply chain, and consistent execution across our teams. In Q1, we saw cloud momentum driven by increased usage, we accelerated full-platform adoption, and we continued to see growth in our security core. While we maintain a prudent outlook given ongoing macroeconomic uncertainty, we remain confident in our strategy and are energized by the opportunities to further scale JFrog in 2025 and beyond.”