Jfrog Ltd.
JFrog Ltd. Announces Fourth Quarter and Fiscal 2024 Financial Results
Summary
JFrog Ltd. reported its financial results for the fourth quarter and fiscal year ended December 31, 2024. The company achieved total fiscal 2024 revenues of $428.5 million, a 22% increase year-over-year. Cloud revenues grew by 41%, driven by migrations and large customer wins. JFrog also saw an increase in customers with Annual Recurring Revenue (ARR) greater than $1 million, reaching 52. Non-GAAP operating income for the fourth quarter was $20.9 million, and the company maintained a strong cash position with $522.0 million in cash, cash equivalents, and investments as of December 31, 2024.
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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.
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