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JFrog (FROG)
NASDAQ:FROG
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.14Last Year’s EPS
$0.19Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -6.09%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
JFrog demonstrated strong performance in Q3 2024 with significant revenue growth and successful large deals, despite lower gross margins and a cautious outlook on cloud migrations due to a challenging procurement environment.Company Guidance
During JFrog's Q3 2024 earnings call, the company reported robust financial performance with total revenue reaching $109.1 million, marking a 23% year-over-year increase. Cloud revenue was a significant driver, growing 38% year-over-year to $42.4 million, and representing 39% of the total revenue. JFrog's net dollar retention rate remained strong at 117%, with gross retention at 97%. The company saw notable growth in customers with ARR over $100,000, reaching 966, and those exceeding $1 million increased to 46, a 53% year-over-year growth. For Q4, JFrog projects revenues between $113.5 million to $114.5 million, and for the full fiscal year 2024, it expects revenues to be in the range of $425.9 million to $426.9 million. The company anticipates a cloud growth rate of around 40% for 2024, driven by strategic cloud migrations and security offerings.Strong Revenue Growth
Total revenue for Q3 2024 reached $109.1 million, marking a 23% year-over-year increase. Cloud revenue was $42.4 million, representing a 38% growth compared to the previous year.
Increased Enterprise Plus Adoption
Enterprise Plus subscriptions contributed 50% of total revenue, up from 46% in the prior year, with a 35% year-over-year growth.
Record Customer Growth
Customers with ARR over $100,000 increased to 966, up from 848 a year ago. Customers with ARR exceeding $1 million increased to 46, representing a 53% year-over-year growth.
Successful Large Deals
JFrog secured some of the largest platform wins in its history during Q3, driven by cloud migration and security demand.
Positive Cash Flow
Free cash flow in Q3 was $26.7 million, or a 24.5% free cash flow margin.
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FROG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FROG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $32.86 | $31.10 | -5.36% |
| Aug 07, 2024 | $34.05 | $24.68 | -27.52% |
| May 09, 2024 | $40.62 | $33.01 | -18.73% |
| Feb 14, 2024 | $37.09 | $47.64 | +28.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JFrog (FROG) report earnings?
JFrog (FROG) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is JFrog (FROG) earnings time?
JFrog (FROG) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FROG EPS forecast?
FROG EPS forecast for the fiscal quarter 2024 (Q4) is $0.14.
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