Jfrog 2025 Q3 Earnings Revenue Surges 25.5% as Net Loss Narrows 28.4%

Jfrog (FROG) reported Q3 2025 earnings that exceeded expectations, with revenue rising 25.5% year-over-year to $136.91 million and a 33.3% improvement in per-share losses. The company raised full-year guidance and introduced AI-focused products, signaling confidence in its growth trajectory despite ongoing profitability challenges.

Revenue

Jfrog’s total revenue surged to $136.91 million in Q3 2025, a 25.5% increase from $109.06 million in the prior year. Subscription revenue—comprising self-managed and SaaS offerings—dominated at $128.89 million, reflecting strong demand for cloud-based solutions. License revenue from self-managed products contributed an additional $8.02 million, underscoring diversified growth across its platform.

Earnings/Net Income

The company narrowed its net loss to $16.43 million ($0.14 per share) in Q3 2025, a 28.4% reduction from $22.95 million ($0.21 per share) in Q3 2024. This 33.3% improvement in EPS highlights progress in cost management, though Jfrog remains unprofitable for the sixth consecutive year.

Post-Earnings Price Action Review

Jfrog’s stock surged 26.37% during the week of the earnings release, with a 6.36% gain on the day of the report and a 24.79% rally month-to-date. The sharp rally followed a “beat and raise” performance, as the company exceeded revenue and EPS estimates while raising full-year guidance. Analysts cited the AI Catalog launch and cloud adoption momentum as key drivers of investor optimism.

Additional News

1. AI Model Product Launch: Jfrog unveiled the AI Catalog, targeting enterprise demand for secure AI model deployment, aligning with broader software supply chain security trends.

2. Guidance Hike: The company raised FY 2025 revenue guidance to $523–$525 million and EPS to $0.78–$0.80, surpassing consensus estimates.

3. Analyst Upgrades: Multiple firms, including JPMorgan and Cantor Fitzgerald, increased price targets, with an average of $53.44 per share, reflecting renewed confidence in Jfrog’s strategic direction.

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CEO Commentary

CEO Shlomi Ben Haim emphasized progress in cloud adoption and AI integration, stating, “Our cloud revenue grew 50% year-over-year, driven by increased usage of AI-related artifacts and a clear go-to-market strategy.” He highlighted customer expansion in large enterprises and ongoing investments in security-focused offerings.

Guidance

Jfrog provided Q4 2025 revenue guidance of $136.5–$138.5 million and EPS of $0.18–$0.20, well above Wall Street estimates. The updated FY 2025 outlook of $523–$525 million revenue and $0.78–$0.80 EPS underscores management’s confidence in sustaining growth amid competitive pressures.