Software supply chain platform JFrog (NASDAQ: FROG) will be announcing earnings results this Thursday after market close. Here’s what to look for.
JFrog beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $127.2 million, up 23.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ billings estimates. It added 25 enterprise customers paying more than $100,000 annually to reach a total of 1,076.
Is JFrog a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting JFrog’s revenue to grow 17.8% year on year to $128.4 million, slowing from the 23% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. JFrog has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.4% on average.
Looking at JFrog’s peers in the software development segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Twilio delivered year-on-year revenue growth of 14.7%, beating analysts’ expectations by 3.8%, and Cloudflare reported revenues up 30.7%, topping estimates by 3.2%. Twilio traded up 19.5% following the results while Cloudflare was also up 13.8%.
Read our full analysis of Twilio’s results here and Cloudflare’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the software development stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. JFrog is down 3.9% during the same time and is heading into earnings with an average analyst price target of $56.44 (compared to the current share price of $46.57).
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