Business
JFrog Announces First Quarter 2025 Results
Total Revenues of $122.4 million; up 22% Year-over-Year Cloud Revenues of $52.6 million; up 42% Year-over-Year Customers with ARR greater than $1 million
About this update from Jfrog Ltd.
[{"type":"text","content":"\n\nTotal Revenues of $122.4 million; up 22% Year-over-Year\n\n\nCloud Revenues of $52.6 million; up 42% Year-over-Year\n\n\nCustomers with ARR greater than $1 million equaled 54, up 35% Year-over-Year\n\n\nReleased JFrog ML, delivering a unified DevOps, DevSecOps and MLOps Platform\n\n\n SUNNYVALE, Calif.--(BUSINESS WIRE)--\nJFrog Ltd. (“JFrog”) (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced financial results for its first quarter ended March 31, 2025.\n\n“The JFrog 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.”\n\nFirst Quarter 2025 Financial Highlights\n\n\nRevenue for the first quarter of 2025 was $122.4 million, up 22% year-over-year.\n\n\nGAAP Gross Profit was $92.2 million; GAAP Gross Margin was 75.3%.\n\n\nNon-GAAP Gross Profit was $101.0 million; Non-GAAP Gross Margin was 82.5%.\n\n\nGAAP Operating Loss was ($23.0) million; GAAP Operating Margin was (18.8%).\n\n\nNon-GAAP Operating Income was $21.4 million; Non-GAAP Operating Margin was 17.4%.\n\n\nGAAP Net Loss Per Share was ($0.16); Non-GAAP Diluted Earnings Per Share was $0.20.\n\n\nOperating Cash Flow was $28.8 million; Free Cash Flow of $28.1 million.\n\n\nCash, Cash Equivalents and Investments were $563.5 million as of March 31, 2025.\n\n\nRemaining performance obligations were $424.2 million as of March 31, 2025.\n\n\nRecent Business & Product Highlights\n\n\nCloud revenue equaled $52.6 million during the first quarter of 2025, an increase of 42% year-over-year. Cloud revenue represented 43% of total revenue, compared to 37% in the year-ago period.\n\n\nNet Dollar Retention rate for the trailing four quarters was 116%.\n\n\nCustom...