Q1 2025 Jfrog Ltd Earnings Call Transcript

May 8, 2025 / 09:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

JFrog Ltd (FROG) reported a strong Q1 2025 with total revenue of $122.4 million, up 22% year over year.
Cloud revenue grew significantly by 42% year over year, reaching $52.6 million and representing 43% of total revenues.
The company saw a 35% increase in customers spending over $1 million annually, indicating strong enterprise adoption.
JFrog Ltd (FROG) launched JFrog ML, unifying DevOps and MLOps, and partnered with Hugging Face to secure open-source ML models.
The company maintained a high gross retention rate of 97%, showcasing strong customer loyalty and satisfaction.

Negative

JFrog Ltd (FROG) faces longer sales cycles and delayed decisions due to macroeconomic uncertainties.
Despite strong Q1 performance, the company remains cautious and did not carry forward the full benefit of overperformance into the full year guidance.
The company is operating in a rigid purchasing environment, which may impact future growth and customer commitments.
Gross margin decreased slightly to 82.5% from 85.1% in the previous year, primarily due to the increased mix of cloud revenues.
JFrog Ltd (FROG) is cautious about the sustainability of the recent cloud consumption overages, which may not be a sustained trend.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FROG.OQ - Jfrog Ltd
Q1 2025 Jfrog Ltd Earnings Call
May 08, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for joining us and welcome to Jay Frog's first quarter 2025 financial results conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press 9 to raise your hand and 6 to unmute. I will now hand the conference over to Jeffrey Schreiner, VP Investor Relations. Jeffrey, please go ahead.

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Unidentified_2 [2]
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Thank you, Nicole. Good afternoon and thank you for joining us as we review Jay Frog's first quarter,

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