JFrog Q2 Revenue Jumps 29% to $163.8M; Cloud Revenue Surges 53%
FROG has more than doubled off its 52-week low of $34.05.
Summary
JFrog reported Q2 2026 revenue of $163.8 million, up 29% year-over-year, driven by 53% cloud revenue growth. Non-GAAP operating income reached $32.6 million, and the company raised its full-year guidance.
Key Events · Earnings and Guidance · FROG
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Q2 Revenue Beats, Cloud Leads
Total revenue of $163.8M grew 29% YoY, with cloud revenue of $87.5M surging 53% and now representing 53% of total revenue.
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Profitability Inflects
Non-GAAP operating income reached $32.6M (19.9% margin), a sharp improvement from $19.4M a year ago. Non-GAAP diluted EPS was $0.27.
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Cash Flow and Balance Sheet Strength
Operating cash flow was $57.1M, free cash flow $53.7M. Cash and investments totaled $824.5M, with no debt.
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Enterprise Adoption Accelerates
Customers with ARR >$1M grew 59% to 97. Net dollar retention improved to 121%. Remaining performance obligations rose 38% to $659M.
Analysis · FROG · Technology
A standout second quarter saw JFrog's revenue climb 29% to $163.8 million, fueled by a 53% surge in cloud revenue to $87.5 million. The company swung to a non-GAAP operating profit of $32.6 million—a 19.9% margin—and generated $57.1 million in operating cash flow. Guidance for Q3 and the full year points to sustained momentum, with FY2026 revenue projected between $648 million and $652 million. These results underscore JFrog's role as a beneficiary of AI-driven software development, as enterprise customers increasingly adopt its platform for security and governance. While the stock trades near its 52-week high, reflecting market optimism, the earnings beat and raised outlook provide fundamental support for the valuation.
At the time of this filing, FROG was trading at $95.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $34.05 to $99.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.