Q2 2025 Jfrog Ltd Earnings Call Transcript

Aug 7, 2025 / 09:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

JFrog Ltd (FROG) reported a 23% year-over-year increase in total revenue, reaching $127.2 million for Q2 2025.
Cloud revenue grew by 45% year-over-year, contributing 45% to total revenues, up from 38% in the previous year.
The number of customers spending more than $1 million annually increased by 45%, and those spending over $100,000 grew by 16%.
Net dollar retention rate improved to 118%, driven by increased adoption of security products and higher customer commitments.
JFrog Ltd (FROG) has been recognized as a key partner in Nvidia's enterprise AI initiatives, enhancing its position in the AI ecosystem.

Negative

The shift towards hybrid cloud solutions may extend sales cycles for customers migrating workloads to public clouds.
Operating expenses increased to $86.4 million, representing 68% of revenues, although this is an improvement from the previous year.
Gross margin slightly decreased to 83.1% from 84.4% in the year-ago period, primarily due to the increased mix of cloud revenues.
JFrog Ltd (FROG) remains cautious in its forward outlook due to macroeconomic uncertainties, despite strong performance.
The company is de-risking its outlook by excluding its largest opportunities, indicating potential challenges in closing big deals.

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

FROG.OQ - Jfrog Ltd
Q2 2025 Jfrog Ltd Earnings Call
Aug 07, 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 the Jay Frog 2nd quarter 2025 Financial results earnings 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, head of 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 2nd quarter,

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