Filing Flows › JFrog (FROG) › Q2 2025
JFrog (FROG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
JFrog (FROG) reported revenue of $127M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +4% from the quarter before. Operating margin was -20.4%, net loss $21.7M (17.0% of revenue).
JFrog, Q2 2025: revenue $127M (+24% year over year), operating margin -20.4%, net loss $21.7M, operating cash flow $36.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | +4% | +23% |
| Operating profit | −$26.0M | — | — |
| Net earnings | −$21.7M | — | — |
| Operating cash flow | $36.1M | +25% | +116% |
| Free cash flow | $35.5M | — | +122% |
What changed
Revenue was $127.2M in Q2 2025, up 23% year over year and up 4% from the previous quarter. Subscription was the largest line at 50% of revenue. Saas added $17.8M year over year (up 45%), 74% of the total change.
Gross margin was 76.3%, down 2.5 points from a year earlier. Operating costs exceeded revenue by $26.0M, an operating margin of -20.4%. Operating expenses grew 23% against revenue growth of 23%. The fastest-growing cost line was Research & development (+28%). The quarter ended with a net loss of $21.7M, wider than the previous quarter's $18.5M loss. Non-operating items added $6.3M, -32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $36.1M (up 116% year over year). Non-cash charges added back $6.6M of depreciation and amortization and $38.0M of share-based compensation. Working capital and other items added $13.2M. After purchases of property and equipment ($627K), free cash flow as the company reports it was $35.5M.
Questions
What was JFrog's revenue in the second quarter 2025?
JFrog (FROG) reported revenue of $127M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +4% from the quarter before.
Was JFrog profitable in the second quarter 2025?
Operating loss was $26.0M (-20.4% of revenue) and net loss $21.7M.
Source: JFrog 10-Q on SEC EDGAR.