Jfrog Ltd.
JFrog Reports Strong Q3 2024 Financial Results with 23% Revenue Growth
Summary
On November 7, 2024, JFrog Ltd. reported its financial results for the third quarter ended September 30, 2024, showing total revenues of $109.1 million, up 23% year-over-year. Cloud revenues increased by 38% year-over-year to $42.4 million, representing 39% of total revenue. JFrog's GAAP gross profit was $81.8 million with a gross margin of 75.0%, while non-GAAP gross profit was $90.3 million with a gross margin of 82.8%. The company reported a GAAP operating loss of $29.9 million with an operating margin of -27.4%, and a non-GAAP operating income of $14.7 million with an operating margin of 13.5%. JFrog also provided an outlook for the fourth quarter 2024 with revenue expected between $113.5 million and $114.5 million, and non-GAAP net income per diluted share between $0.13 and $0.15.
Profitelligence Alerts
Get alerts for FROG
Be first to know when Jfrog Ltd. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Jfrog Ltd.
Jfrog Ltd. is a software development company that specializes in creating tools to streamline and enhance the software delivery process. Jfrog's key product offering is its universal artifact management platform that is designed to manage application workflows efficiently, enabling seamless and secure software updates. This platform is widely used by software developers and IT operations teams to facilitate continuous integration and continuous delivery (CI/CD) processes. Jfrog's tools support a variety of software packages, including Docker, Helm, and Maven, offering versatile solutions to a broad array of development environments. The company plays a crucial role in the technology industry by optimizing software release cycles and reducing the complexity involved in deploying modern applications. Headquartered in Sunnyvale, California, Jfrog serves a global customer base, consisting largely of organizations that prioritize agility and reliability in their application development processes. By providing scalable and robust solutions, Jfrog Ltd. contributes significantly to the digital transformation efforts of companies across diverse sectors, reinforcing its importance in the evolving landscape of software infrastructure.
Official SEC Documents
Advertisement