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.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.5% of the 1626 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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.