JFrog reports Q2 EPS 18c, consensus 16c

Reports Q2 revenue $127.2M, consensus $122.8M. Reports Q2: Cloud revenue equaled $57.1 million during the second quarter of 2025, an increase of 45% year-over-year. Cloud revenue represented 45% of total revenue, compared to 38% in the year-ago period. Net Dollar Retention rate for the trailing four quarters was 118%. Customers with greater than $1 million ARR increased to 61, up from 42 in the year-ago period. Customers with greater than $100K ARR increased to 1,076, compared with 928 in the year-ago period. Customers adopting the end-to-end JFrog (FROG) Platform Enterprise+ subscription represented 55% of total revenue during the second quarter of 2025, versus 50% in the year-ago period. “With a unified focus on DevOps, Security, and MLOps, JFrog has positioned itself as a system of record for all software packages, and a leader in the fast-growing AI ecosystem as a gold-standard model registry,” said Shlomi Ben Haim, CEO. “Our Q2 results reflect continued strong execution amid a period of ongoing uncertainty. We remain focused on disciplined operations, while driving high-quality, sustainable growth across the business.”