JFrog (NASDAQ:FROG) Releases Quarterly Earnings Results

08 Aug 2026, 23:26 by Doug Wharley · The Cerbat Gem

JFrog (NASDAQ:FROG – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03, FiscalAI reports. The company had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. JFrog had a negative return on equity of 2.76% and a negative net margin of 7.35%.The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. JFrog updated its Q3 2026 guidance to 0.220-0.240 EPS and its FY 2026 guidance to 0.960-1.000 EPS.

Here are the key takeaways from JFrog’s conference call:

Q2 results exceeded guidance across all key metrics: Revenue rose 29% year over year to $163.8 million, while record free cash flow reached $53.8 million, or a 33% margin.
Cloud growth remained the primary growth engine. Cloud revenue increased 53% to $87.5 million and represented 53% of total revenue, supported by strong usage, AI-driven software artifact volumes, and increased security adoption.
Enterprise expansion and security demand strengthened. Customers spending over $1 million annually grew 59% to 97, net dollar retention reached 121%, and 80% of new customers entering the million-dollar cohort added security products.
Management raised its full-year outlook: 2026 revenue guidance increased to $648 million-$652 million, baseline cloud growth was raised to 41%-43%, and the net dollar retention floor was lifted to 120%.
Management discussed a self-hosted Artifactory vulnerability identified by an OpenAI model; JFrog said its SaaS environment was not breached, rapidly issued a patch for self-hosted customers, and characterized the incident as reinforcing demand for cloud and security offerings, though it highlights ongoing software supply-chain risk.

JFrog Trading Up 7.8%

NASDAQ:FROG traded up $6.48 on Friday, hitting $89.52. The company’s stock had a trading volume of 4,369,537 shares, compared to its average volume of 2,188,246. JFrog has a one year low of $34.05 and a one year high of $99.22. The firm has a market capitalization of $10.84 billion, a P/E ratio of -241.94 and a beta of 1.22. The stock has a fifty day moving average of $85.16 and a two-hundred day moving average of $63.11.

Insider Buying and Selling

In other JFrog news, CTO Yoav Landman sold 150,000 shares of JFrog stock in a transaction on Monday, June 29th. The shares were sold at an average price of $89.99, for a total transaction of $13,498,500.00. Following the completion of the transaction, the chief technology officer directly owned 5,539,038 shares of the company’s stock, valued at $498,458,029.62. The trade was a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction on Monday, June 1st. The stock was sold at an average price of $85.84, for a total transaction of $10,300,800.00. Following the transaction, the director directly owned 3,224,328 shares of the company’s stock, valued at approximately $276,776,315.52. This trade represents a 3.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 938,649 shares of company stock valued at $76,347,827. 11.80% of the stock is owned by insiders.

Institutional Trading of JFrog

A number of hedge funds have recently modified their holdings of FROG. Wilmington Savings Fund Society FSB grew its stake in JFrog by 1,086.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 1,152 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in JFrog by 52.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,789 shares of the company’s stock worth $112,000 after purchasing an additional 615 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in JFrog by 7,185.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock worth $131,000 after purchasing an additional 2,946 shares during the last quarter. Acadian Asset Management LLC bought a new stake in JFrog in the 1st quarter valued at $162,000. Finally, Headlands Technologies LLC bought a new stake in JFrog in the 2nd quarter valued at $181,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Trending Headlines about JFrog

Here are the key news stories impacting JFrog this week:

Positive Sentiment: Q2 results beat expectations. JFrog reported adjusted earnings of $0.27 per share versus the $0.24 consensus estimate, while revenue rose 28.7% year over year to $163.8 million, above both analyst expectations and the company’s prior guidance. JFrog Q2 Earnings Beat Estimates on Cloud and Security Growth
Positive Sentiment: Cloud and security momentum strengthened. Cloud revenue jumped 53% to approximately $87.5 million, representing 53% of total revenue. JFrog also reported 97 customers with more than $1 million in annual recurring revenue and 121% net dollar retention, supporting the company’s expansion and recurring-revenue outlook. JFrog stock jumps as Q2 results top guidance and full-year outlook moves higher
Positive Sentiment: JFrog raised its outlook. Fiscal 2026 revenue guidance increased to $648 million-$652 million from $628 million-$632 million, while adjusted EPS guidance rose to $0.96-$1.00. Third-quarter guidance of $164 million-$166 million in revenue and $0.22-$0.24 in EPS also exceeds consensus estimates. JFrog forecasts 2026 revenue amid cloud growth outlook
Positive Sentiment: Analysts raised targets following the report. Benchmark raised its target to $120 and JPMorgan, Oppenheimer, and BTIG lifted theirs to $115. Truist increased its target to $110, while Piper Sandler raised its target to $90 but retained a neutral rating. Analyst price-target updates
Neutral Sentiment: Software stocks broadly moved higher as solid earnings reduced concerns about artificial-intelligence disruption, providing a favorable sector backdrop for FROG. Stocks that explain today’s market
Negative Sentiment: Recent insider-trading data shows company insiders recorded numerous open-market sales and no purchases over the past six months. This may temper enthusiasm, although the selling can also reflect scheduled transactions or equity compensation.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group increased their target price on JFrog from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on JFrog from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial upped their price objective on JFrog from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark increased their price objective on JFrog from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Finally, Bank of America raised their price target on shares of JFrog from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.81.

Get Our Latest Research Report on FROG

About JFrog

(Get Free Report)

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.