EarningsQ2 2026 Earnings Report
MX:FROGN Q2 2026 EPS Results
Actual EPS$4.58
Consensus EPS$4.09
Beat/MissBeat by +$0.49
One Year Ago EPS$3.06
MX:FROGN Q2 2026 Revenue Results
Actual Revenue$2.78B
Expected Revenue$2.64B
Beat/MissBeat by +$138.29M
YoY Revenue Growth+28.73%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:FROGN Upcoming Earnings
JFrog's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:FROGN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong, broad-based financial and operational execution: robust revenue growth (+29% YoY), rapid cloud expansion (+53% YoY cloud growth), improving margins, record free cash flow, sizable RPO growth (+38% YoY) and a raised full-year outlook. Security momentum, enterprise upsells and strategic AI partnerships were emphasized as durable growth engines. Offsetting risks include a self-hosted vulnerability incident, rising AI-powered supply-chain attack frequency, significant self-hosted exposure (~47%), and forecasting variability from consumption overages and derisked large deals. Overall, positive execution and financial trends outweigh the noted risks, which management positions as addressable and in some cases accelerants for security and cloud demand.Company Guidance
Strong Revenue Growth
Total revenue of $163.8M in Q2 2026, up 29% year-over-year, exceeding the high end of guidance across all metrics.
Rapid Cloud Expansion
Cloud revenue of $87.5M in Q2, up 53% year-over-year, representing 53% of total revenue (versus 45% prior year); full-year baseline cloud growth estimate raised to 41%–43%.
Enterprise Customer Expansion and Upsell
Customers spending >$1M grew to 97 (from 61 a year ago), a 59% year-over-year increase; customers spending >$100K grew to 1,291 from 1,076, +20% year-over-year.
Enterprise Plus Momentum
Enterprise Plus subscriptions comprised 59% of total revenue (up from 55% prior year); revenue from Enterprise Plus subscriptions grew 39% year-over-year in Q2.
High Retention and Net Dollar Expansion
Net dollar retention of 121% for the trailing four quarters (up 3 percentage points year-over-year and +1 point sequentially); gross retention at 97%.
Improved Profitability and Margins
Gross profit $136.2M with gross margin 83.2% (vs 83.1% a year ago). Operating profit $32.6M and operating margin 19.9% (vs 15.2% a year ago).
Record Free Cash Flow and Strong Cash Position
Cash flow from operations $57.1M; record free cash flow $53.8M (33% margin vs 28% year-ago). Cash and short-term investments $824.5M (vs $704.4M end of 2025).
Large Increase in Remaining Performance Obligations (RPO)
RPO totaled $659M, up 38% year-over-year; RPO added a record $84M in the quarter, reflecting larger commitments and multiyear security deals.
Raised Full-Year Guidance
Full-year 2026 revenue guidance raised to $648M–$652M (≈22% year-over-year growth at midpoint); non-GAAP operating income and EPS guidance also increased (operating income $116M–$120M; non-GAAP diluted EPS $0.96–$1).
Security as a Major Growth Driver and Industry Recognition
JFrog named a leader in the Gartner Magic Quadrant for Software Supply Chain Security; >80% of customers in the >$1M cohort added security, and >40% of new logos included security at initial land, signaling strong attach rates and larger security-led transactions.
Strategic AI Ecosystem Partnerships and Key Wins
New integrations and partnerships (Anthropic/Claude Code, Cursor), addition of an AI-native customer that displaced a competitor with a hybrid multi-region deployment, and a 7-figure DevGovOps/governance agreement with an AI-infrastructure customer.
MX:FROGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed