FROG JFrog (FROG) Q2 FY26 earnings call
JFrog delivered a strong Q2 FY26, exceeding guidance across all metrics, driven by accelerated cloud revenue and robust security product adoption, fueled by the rapid expansion of AI workloads. The company is strategically positioning its platform as the control plane for AI-driven software delivery, focusing on securing and governing the increasing volume of binaries produced by human and AI agents. Management emphasized the importance of transparency and rapid remediation in the face of escalating software supply chain attacks.
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FROG operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Customers above an annual spend threshold Annual spend exceeding $1 million | 80The number of customers with annual spend exceeding $1 million grew to 80, up from 54 a year ago, representing 48% year-over-year growth.Source: earnings call transcript | 97Customers with annual spend exceeding $1 million grew to 97, up from 61 a year ago, representing 59% year-over-year growth.Source: earnings call transcript | +21.3% |
| Customers above an annual spend threshold Spending more than $100,000 annually | 1,225Customers spending more than $100,000 annually increased to 1,225 compared to 1,051 in the prior year, representing 17% year-over-year growth.Source: earnings call transcript | 1,291Customers spending more than $100,000 annually grew to 1,291 compared to 1,076 in the prior year, an increase of 20% year-over-year.Source: earnings call transcript | +5.4% |
| Net revenue retention rate | 120%Net dollar retention for the 4 trailing quarters was 120%, representing a year-over-year increase of 4 percentage points and 1 percentage point improvement sequentially.Source: earnings call transcript | 121%Net dollar retention for the 4 trailing quarters was 121%, representing a year-over-year increase of 3 percentage points and a 1 percentage point improvement sequentially.Source: earnings call transcript | +1 pt |
| Gross retention rate | 97%We continue to demonstrate that our customers view JFrog as a mission-critical system of record to their software supply chain with gross retention that equaled 97% as of the first quarter of 2026.Source: earnings call transcript | 97%We continue to demonstrate the strategic value of JFrog as a mission-critical trusted system of record for our customers' software supply chain with gross retention of 97% as of the second quarter 2026.Source: earnings call transcript | 0 pt |
| Remaining performance obligation (RPO) | $574.9MAs of March 31, 2026, our RPO totaled $574.9 million, a 36% increase year-over-year, highlighting the successful execution of our go-to-market strategy as customers continue to make larger multiyear commitments to our DevSecOps solutions.Source: earnings call transcript | $659MAs of June 30, 2026, our RPO totaled $659 million, a 38% increase year-over-year, once again, highlighting the successful execution of our go-to-market strategy as customers continue to make larger commitments to the JFrog Platform.Source: earnings call transcript | +14.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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