Core Insights - JFrog Ltd reported better-than-expected Q2 financial results, with earnings of 18 cents per share, surpassing the analyst consensus estimate of 16 cents per share, and quarterly sales of $127.22 million, exceeding the estimate of $122.75 million [1] - The company raised its FY2025 sales guidance from a range of $500 million-$505 million to $507 million-$510 million, indicating positive growth expectations [1] - JFrog's CEO emphasized the company's focus on DevOps, Security, and MLOps, positioning it as a leader in the AI ecosystem [2] Financial Performance - Q2 earnings per share: 18 cents, beating the consensus estimate of 16 cents [1] - Q2 sales: $127.22 million, exceeding the estimate of $122.75 million [1] - FY2025 sales guidance raised to $507 million-$510 million from $500 million-$505 million [1] Analyst Ratings and Price Targets - Needham analyst Mike Cikos maintained a Buy rating and raised the price target from $46 to $55 [8] - Piper Sandler analyst Rob Owens maintained a Neutral rating and raised the price target from $40 to $48 [8] - Barclays analyst Ryan Macwilliams maintained an Overweight rating and raised the price target from $45 to $52 [8] - Keybanc analyst Jason Celino maintained an Overweight rating and raised the price target from $46 to $52 [8] - Stifel analyst Brad Reback maintained a Buy rating and raised the price target from $45 to $53 [8]

Core Insights - JFrog Ltd. reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and showing an increase from $0.15 per share a year ago, resulting in an earnings surprise of +12.50% [1] - The company achieved revenues of $127.22 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.57% and up from $103.04 million year-over-year [2] - JFrog shares have increased approximately 42.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.9% [3] Earnings Outlook - The future performance of JFrog's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $125.48 million, and for the current fiscal year, it is $0.69 on revenues of $503.28 million [7] Industry Context - The Internet - Software industry, to which JFrog belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - GitLab Inc., another company in the same industry, is expected to report quarterly earnings of $0.16 per share, reflecting a year-over-year increase of +6.7% [9]

Financial Data and Key Metrics Changes - JFrog's total revenue for Q2 2025 was $127.2 million, representing a 23% year-over-year increase [5][18] - Operating margin improved to 15.2%, up from 13.2% in the previous year [6][21] - Cloud revenue reached $57.1 million, a 45% increase year-over-year, accounting for 45% of total revenue compared to 38% in the prior year [6][18] - Net dollar retention rate for the trailing four quarters was 118%, up two points sequentially [20] - Free cash flow for Q2 was $35.5 million, or a 28% margin, compared to $16 million, or a 15% margin, in the year-ago period [22] Business Line Data and Key Metrics Changes - Cloud revenue growth was driven by increased annual commitments and the adoption of security products [18][19] - Self-managed or on-premises revenues were $70.1 million, up 10% year-over-year [19] - Revenue contribution from Enterprise Plus subscriptions grew to 55% of total revenues, up from 50% in the prior year [19] Market Data and Key Metrics Changes - JFrog's RPO (Remaining Performance Obligations) totaled $476.7 million, a 75% increase year-over-year, benefiting from multi-year commitments [22] - The company noted a strategic shift in customer infrastructure towards hybrid solutions due to the unpredictable costs associated with AI [10][11] Company Strategy and Development Direction - JFrog aims to become the system of record for all software packages, focusing on DevOps, security, and MLOps [7][12] - The company is deepening partnerships with AI industry leaders and expanding support for the AI ecosystem [13][14] - JFrog is positioning itself as a model registry for AI, emphasizing the importance of a unified software supply chain [13][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's alignment with modern software demands and the ongoing growth in cloud and security solutions [8][11] - The company is cautious about future guidance due to macroeconomic uncertainties but expects continued growth in cloud commitments and security adoption [23][25] - Management highlighted the resilience of the team amid external challenges, reinforcing the strength of the business [26][27] Other Important Information - JFrog will hold its Annual User Conference on September 9, 2025, to announce new products and strategic partnerships [17] - The company is committed to addressing emerging security threats associated with AI and MCP (Model-Centric Programming) [14][100] Q&A Session Summary Question: Can you discuss the evolution of customer hesitations regarding self-managed data centers? - Management noted that customers are rethinking their cloud strategies due to the unpredictability of AI costs, leading to a more cautious approach to cloud migration [34][35] Question: How has the sunsetting of JFrog Pipeline affected partnerships with CI/CD players? - The decision to sunset JFrog Pipeline has allowed for better integration and partnerships with companies like GitHub, focusing on security and cloud migration [38][39] Question: Can you provide insights into the pipeline of large enterprise deals? - Management highlighted a focus on migrating workloads to the cloud and the addition of security solutions as key factors driving large enterprise deals [43][45] Question: What impact have AI coding tools had on the DevOps toolchain? - The introduction of code assistance tools has changed the developer landscape, increasing the need for a model registry and security solutions [85][88] Question: How is JFrog leveraging hyperscaler partnerships for co-selling? - Collaboration with cloud providers is crucial for accelerating deals and optimizing costs, with strong relationships established with AWS, GCP, and Microsoft Azure [78][79] Question: What is the outlook for security's contribution to JFrog's business? - Management plans to provide metrics around security's contribution and sees strong momentum in this area [92]

Core Insights - JFrog reported Q2 FY2025 earnings with GAAP revenue of $127.2 million, exceeding analyst expectations of $122.8 million, and non-GAAP EPS of $0.18, surpassing the expected $0.16 [1][2] - The company experienced significant growth in its cloud segment, with cloud revenue reaching $57.1 million, a 45% increase year-over-year, now accounting for 45% of total revenue [1][5] - Customer expansion was notable, with the number of customers generating over $1 million in annual recurring revenue (ARR) increasing to 61, a 45% rise from the previous year [1][6] Financial Performance - Non-GAAP operating income improved to $19.4 million, up from $13.6 million year-over-year, with a non-GAAP operating margin of 15.2%, an increase of 2 percentage points [2][9] - Free cash flow (non-GAAP) more than doubled to $35.5 million, reflecting a 122.3% increase from the prior year [2][9] - Remaining performance obligations (RPO) stood at $476.7 million, indicating strong momentum in onboarding large customers [10] Business Overview and Strategic Focus - JFrog's platform aids organizations in managing, automating, and securing software packages throughout the development lifecycle, focusing on binary management, vulnerability scanning, and compliance [3] - The company emphasizes integrating security into software development processes and expanding support for emerging technologies like machine learning [4] - Strategic partnerships with major players in cloud and AI sectors are crucial for sustaining growth and enhancing the company's value proposition [4] Product Innovation - New MLOps modules were launched, allowing organizations to manage and secure AI and machine learning model artifacts [7][12] - Enhanced security functions for both standard software components and machine learning models were introduced, addressing the growing need for security in AI applications [7] - Collaborations with NVIDIA, Hugging Face, and GitHub are driving new enterprise deals and platform adoption [8] Outlook and Guidance - For Q3 FY2025, JFrog expects revenue between $127.0 million and $129.0 million, with non-GAAP EPS projected in the range of $0.15 to $0.17 [13] - The full-year revenue outlook for FY2025 has been raised to between $507.0 million and $510.0 million, with non-GAAP operating income projected between $75.0 million and $78.0 million [13][14] - Management maintains a conservative forecasting approach, not factoring in potential upside from large enterprise deals or continued high cloud usage [14]

Financial Performance - JFrog's 2Q'25 Last Twelve Months (LTM) revenue reached $475 million, demonstrating a YoY growth of 22%[6] - The company's 2Q'25 LTM Free Cash Flow was $139 million[6] - JFrog's 2Q'25 LTM Net Dollar Retention Rate stood at 118%[6] - The company projects FY'25 revenue between $507 million and $510 million[81] Market and Customer Base - JFrog estimates its Total Addressable Market (TAM) to be over $40 billion[6] - The company has a customer base of 7,300 as of FY24[6] - JFrog serves 82% of the Fortune 100 companies[6] Platform and Strategy - JFrog's platform manages binaries from creation to distribution, covering the entire software supply chain[24] - The company emphasizes a land and expand growth strategy, showcasing consistent expansion within existing customer accounts[70, 71, 72, 73, 74, 75] - JFrog is focused on extending its technology leadership, expanding within its existing customer base, acquiring new customers, and developing its technology partnership ecosystem[69]

[Q2 2025 Earnings Announcement](index=1&type=section&id=Q2_2025_Earnings_Announcement) JFrog reports strong Q2 2025 financial results, driven by its unified platform and growing presence in the AI ecosystem [Executive Summary](index=1&type=section&id=Executive_Summary) JFrog achieved strong Q2 2025 financial results, fueled by its unified platform and expanding role in the AI ecosystem [CEO Commentary](index=1&type=page&id=CEO_Commentary) CEO highlights JFrog's leadership in the AI ecosystem and disciplined execution for sustainable growth - JFrog is positioned as a system of record for software packages and a leader in the AI ecosystem as a gold-standard model registry, with a unified focus on DevOps, Security, and MLOps[4](index=4&type=chunk) - Q2 results reflect strong execution amidst ongoing uncertainty, with a focus on disciplined operations and driving high-quality, sustainable growth[4](index=4&type=chunk) [Second Quarter 2025 Financial Highlights](index=1&type=page&id=Second_Quarter_2025_Financial_Highlights) Key financial metrics for Q2 2025 show significant revenue and cloud revenue growth, along with increased high-value customers Q2 2025 Key Financial Highlights | Metric | Q2 2025 Value | YoY Change | | :-------------------------------- | :------------ | :--------- | | Total Revenues (in millions) | $127.2 | +23% | | Cloud Revenues (in millions) | $57.1 | +45% | | Customers with ARR > $1 million (count) | 61 | +45% | | GAAP Gross Profit (in millions) | $97.0 | - | | GAAP Gross Margin (%) | 76.3 | - | | Non-GAAP Gross Profit (in millions) | $105.7 | - | | Non-GAAP Gross Margin (%) | 83.1 | - | | GAAP Operating Loss (in millions) | ($26.0) | - | | Non-GAAP Operating Income (in millions) | $19.4 | - | | GAAP Net Loss Per Share ($) | ($0.19) | - | | Non-GAAP Diluted EPS ($) | $0.18 | - | | Operating Cash Flow (in millions) | $36.1 | - | | Free Cash Flow (in millions) | $35.5 | - | | Cash, Cash Equivalents and Investments (as of June 30, 2025, in millions) | $611.7 | - | | Remaining Performance Obligations (as of June 30, 2025, in millions) | $476.7 | - | - Cloud revenue constituted **45% of total revenue** in Q2 2025, up from 38% in the prior-year period[8](index=8&type=chunk) - Net Dollar Retention rate for the trailing four quarters was **118%**[8](index=8&type=chunk) [Recent Business & Product Highlights](index=1&type=page&id=Recent_Business_Product_Highlights) Recent product innovations and strategic partnerships underscore JFrog's platform expansion and customer adoption - JFrog released a remote AI MCP server to enable agentic AI interaction with the JFrog Platform[7](index=7&type=chunk)[8](index=8&type=chunk) - The company deepened its relationship with NVIDIA as part of their 'Enterprise AI Factory' validated design[7](index=7&type=chunk)[8](index=8&type=chunk) - Customers adopting the end-to-end JFrog Platform Enterprise+ subscription represented **55% of total revenue** in Q2 2025, an increase from 50% in the year-ago period[8](index=8&type=chunk) Customer Growth Metrics | Metric | Q2 2025 (count) | Q2 2024 (count) | YoY Change | | :-------------------------- | :-------------- | :-------------- | :--------- | | Customers with ARR > $1 million | 61 | 42 | +45% | | Customers with ARR > $100K | 1,076 | 928 | +16% | [Detailed Financial Performance](index=1&type=section&id=Detailed_Financial_Performance) This section details JFrog's Q2 and H1 2025 GAAP financial performance, covering operations, balance sheet, and cash flows [Condensed Consolidated Statements of Operations](index=6&type=page&id=Condensed_Consolidated_Statements_of_Operations) Presents GAAP statements of operations for Q2 and H1 2025, showing revenue growth and increased net losses Condensed Consolidated Statements of Operations (GAAP) - Q2 2025 vs Q2 2024 | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | YoY Change | | :------------------------------------ | :------------------------------- | :------------------------------- | :--------- | | Total subscription revenue | $127,220 | $103,043 | +23.46% | | Total cost of revenue—subscription | $30,202 | $21,893 | +37.96% | | Gross profit | $97,018 | $81,150 | +19.55% | | Total operating expenses | $122,989 | $100,277 | +22.65% | | Operating loss | ($25,971) | ($19,127) | +35.79% | | Net loss | ($21,675) | ($14,303) | +51.54% | | Net loss per share, basic and diluted | ($0.19) | ($0.13) | +46.15% | Condensed Consolidated Statements of Operations (GAAP) - Six Months Ended June 30, 2025 vs 2024 | Metric (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | YoY Change | | :------------------------------------ | :----------------------------- | :----------------------------- | :--------- | | Total subscription revenue | $249,627 | $203,354 | +22.76% | | Total cost of revenue—subscription | $60,383 | $42,497 | +42.09% | | Gross profit | $189,244 | $160,857 | +17.65% | | Total operating expenses | $238,185 | $196,620 | +21.14% | | Operating loss | ($48,941) | ($35,763) | +36.84% | | Net loss | ($40,178) | ($23,093) | +74.07% | | Net loss per share, basic and diluted | ($0.35) | ($0.21) | +66.67% | [Condensed Consolidated Balance Sheets](index=7&type=page&id=Condensed_Consolidated_Balance_Sheets) Provides GAAP balance sheet data for June 30, 2025, and December 31, 2024, detailing asset and liability changes Condensed Consolidated Balance Sheets (GAAP) - June 30, 2025 vs December 31, 2024 | Metric (in thousands) | June 30, 2025 | December 31, 2024 | Change | | :------------------------------------ | :------------ | :---------------- | :----- | | Total current assets | $737,203 | $649,227 | +13.55% | | Total assets | $1,208,185 | $1,129,906 | +6.93% | | Total current liabilities | $346,722 | $317,515 | +9.20% | | Total liabilities | $381,731 | $356,380 | +7.11% | | Total shareholders' equity | $826,454 | $773,526 | +6.84% | | Cash and cash equivalents | $51,277 | $49,869 | +2.82% | | Short-term investments | $560,423 | $472,138 | +18.69% | | Deferred revenue (current) | $260,066 | $247,187 | +5.21% | [Condensed Consolidated Statements of Cash Flows](index=8&type=page&id=Condensed_Consolidated_Statements_of_Cash_Flows) Outlines GAAP cash flow statements for Q2 and H1 2025, highlighting operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows (GAAP) - Q2 2025 vs Q2 2024 | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | YoY Change | | :------------------------------------ | :------------------------------- | :------------------------------- | :--------- | | Net cash provided by operating activities | $36,085 | $16,697 | +116.11% | | Net cash provided by (used in) investing activities | ($39,548) | $135,188 | -129.25% | | Net cash provided by (used in) financing activities | $9,592 | ($4,673) | +305.29% | | Net increase in cash, cash equivalents, and restricted cash | $6,927 | $146,918 | -95.29% | Condensed Consolidated Statements of Cash Flows (GAAP) - Six Months Ended June 30, 2025 vs 2024 | Metric (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | YoY Change | | :------------------------------------ | :----------------------------- | :----------------------------- | :--------- | | Net cash provided by operating activities | $64,877 | $34,166 | +89.89% | | Net cash provided by (used in) investing activities | ($85,330) | $88,267 | -196.68% | | Net cash provided by (used in) financing activities | $21,097 | $11,922 | +76.96% | | Net increase in cash, cash equivalents, and restricted cash | $1,408 | $133,538 | -98.95% | [Outlook](index=2&type=section&id=Outlook) JFrog provided financial guidance for the third quarter and full fiscal year 2025, projecting continued revenue growth and non-GAAP operating income, along with non-GAAP diluted earnings per share [Third Quarter 2025 Outlook](index=2&type=page&id=Third_Quarter_2025_Outlook) Provides specific financial guidance for Q3 2025, including revenue, non-GAAP operating income, and EPS Third Quarter 2025 Outlook | Metric | Range | | :-------------------------------- | :-------------------------- | | Revenue | $127.0 million - $129.0 million | | Non-GAAP operating income | $16.5 million - $18.5 million | | Non-GAAP net income per diluted share | $0.15 - $0.17 (assuming ~122M shares) | [Fiscal Year 2025 Outlook](index=2&type=page&id=Fiscal_Year_2025_Outlook) Presents full fiscal year 2025 financial guidance for revenue, non-GAAP operating income, and EPS Fiscal Year 2025 Outlook | Metric | Range | | :-------------------------------- | :-------------------------- | | Revenue | $507.0 million - $510.0 million | | Non-GAAP operating income | $75.0 million - $78.0 million | | Non-GAAP net income per diluted share | $0.68 - $0.70 (assuming ~121M shares) | [Non-GAAP Financial Information and Operating Metrics](index=2&type=section&id=Non-GAAP_Financial_Information_and_Operating_Metrics) This section details JFrog's use of non-GAAP financial measures, providing definitions, rationale for their use, and reconciliations to the most directly comparable GAAP measures. It also defines key operating metrics such as ARR and Net Dollar Retention rate [About Non-GAAP Financial Measures](index=2&type=page&id=About_Non-GAAP_Financial_Measures) Explains JFrog's rationale for using non-GAAP measures and the types of adjustments made - JFrog uses non-GAAP measures (e.g., operating income, gross profit, net income, free cash flow) internally for budgeting, forecasting, and evaluating financial performance, believing they supplement GAAP measures for investors[17](index=17&type=chunk) - Non-GAAP adjustments include share-based compensation, amortization of acquired intangibles, acquisition-related costs, and income tax effects, as these are considered non-operational or non-recurring[20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) - Free cash flow is defined as net cash provided by operating activities minus capital expenditures, viewed as a necessary component of ongoing operations[20](index=20&type=chunk)[26](index=26&type=chunk) [Reconciliation of GAAP to Non-GAAP Results](index=9&type=page&id=Reconciliation_of_GAAP_to_Non-GAAP_Results) Reconciles GAAP to non-GAAP gross profit, operating income, and net income for Q2 2025 and Q2 2024 Reconciliation of GAAP to Non-GAAP Gross Profit and Margin - Q2 2025 vs Q2 2024 | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :-------------------------- | :------------------------------- | :------------------------------- | | GAAP gross profit | $97,018 | $81,150 | | Non-GAAP gross profit | $105,724 | $86,932 | | GAAP gross margin | 76.3% | 78.8% | | Non-GAAP gross margin | 83.1% | 84.4% | Reconciliation of GAAP to Non-GAAP Operating Income and Margin - Q2 2025 vs Q2 2024 | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :-------------------------- | :------------------------------- | :------------------------------- | | GAAP operating loss | ($25,971) | ($19,127) | | Non-GAAP operating income | $19,355 | $13,617 | | GAAP operating margin | (20.4)% | (18.6)% | | Non-GAAP operating margin | 15.2% | 13.2% | Reconciliation of GAAP to Non-GAAP Net Income - Q2 2025 vs Q2 2024 | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :-------------------------- | :------------------------------- | :------------------------------- | | GAAP net loss | ($21,675) | ($14,303) | | Non-GAAP net income | $22,034 | $17,461 | | Non-GAAP net income per share - diluted | $0.18 | $0.15 | | Non-GAAP weighted-average shares used to compute net income per share - diluted | 120,578 | 115,194 | [Reconciliation of GAAP Cash Flow to Free Cash Flow](index=10&type=page&id=Reconciliation_of_GAAP_Cash_Flow_to_Free_Cash_Flow) Reconciles GAAP operating cash flow to free cash flow for Q2 and H1 2025 and 2024 Reconciliation of GAAP Cash Flow from Operating Activities to Free Cash Flow | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net cash provided by operating activities | $36,085 | $16,697 | $64,877 | $34,166 | | Less: purchases of property and equipment | ($627) | ($732) | ($1,274) | ($1,573) | | Free cash flow | $35,458 | $15,965 | $63,603 | $32,593 | [Operating Metrics Definitions](index=4&type=page&id=Operating_Metrics_Definitions) Defines key operating metrics such as Annual Recurring Revenue (ARR) and Net Dollar Retention rate - Annual Recurring Revenue (ARR) is defined as the annualized revenue run-rate of subscription agreements from all customers as of the last month of the quarter, including monthly subscription customers[27](index=27&type=chunk)[28](index=28&type=chunk) - Net Dollar Retention rate is calculated by comparing ARR from the same set of customers (Base Customers) across comparable periods, capturing upsells, contraction, and attrition, and is averaged over the trailing four quarters[29](index=29&type=chunk) [Company Overview and Disclosures](index=2&type=section&id=Company_Overview_and_Disclosures) This section provides background on JFrog, including its mission and platform, along with important legal disclaimers regarding forward-looking statements and details for the upcoming conference call and investor contact [About JFrog](index=2&type=page&id=About_JFrog) Introduces JFrog's mission, unified platform capabilities, and global customer reach - JFrog Ltd. (Nasdaq: FROG) is the creator of a unified DevOps, DevSecOps, and MLOps platform, aiming to deliver software without friction from developer to production[12](index=12&type=chunk) - The JFrog Software Supply Chain Platform acts as a single system of record for building, managing, and distributing software quickly and securely, ensuring availability, traceability, and tamper-proof integrity, with integrated security features[12](index=12&type=chunk) - JFrog's hybrid, universal, multi-cloud platform is available as SaaS and self-hosted, serving millions of users and over **7,000 customers worldwide**, including a majority of the Fortune 100[12](index=12&type=chunk) [Forward-Looking Statements](index=2&type=page&id=Forward-Looking_Statements) Discusses the nature of forward-looking statements and associated risks and uncertainties - The press release contains forward-looking statements regarding JFrog's future financial performance, market potential for its platform and products (Artifactory, Xray, Curation, Advanced Security, ML, Runtime Security), growth potential of its cloud business, and opportunities within DevOps, DevSecOps, Security, AI, and MLOps[13](index=13&type=chunk) - These statements are based on current assumptions and are subject to substantial risks and uncertainties that may cause actual results to differ materially, including risks related to rapid growth, history of losses, customer retention, sales and marketing capabilities, acquisitions, security breaches, and general economic conditions[15](index=15&type=chunk)[16](index=16&type=chunk) [Conference Call Details](index=2&type=page&id=Conference_Call_Details) Provides information regarding the Q2 2025 earnings conference call and webcast access - JFrog's Second Quarter 2025 Financial Results Conference Call was scheduled for Thursday, August 7, 2025, at 2:00 p.m. PT (5:00 p.m. ET)[14](index=14&type=chunk) - A live webcast of the conference call is accessible from the investor relations website at https://investors.jfrog.com/events-and-presentations[11](index=11&type=chunk) [Investor Contact](index=5&type=page&id=Investor_Contact) Specifies the contact information for investor inquiries - Investor inquiries can be directed to Jeff Schreiner at jeffs@jfrog.com[30](index=30&type=chunk)

Core Insights - Frog Creek Partners is collaborating with the city of Cheyenne, Wyoming, to launch a stormwater initiative aimed at protecting Crow Creek from pollution, funded by Microsoft [1][2] - The project will install 127 Gutter Bin® stormwater filtration systems, estimated to prevent over 10 tons of pollution annually from reaching Crow Creek [2][5] - This initiative supports Microsoft's commitment to be water-positive by 2030, which includes reducing water-use intensity and replenishing more water than consumed in priority locations [2][6] Project Details - The new Gutter Bins will enhance the effectiveness of previous installations, which included 67 Gutter Bins set up in 2021, already capturing significant amounts of pollution [3][5] - Crow Creek is listed as an impaired waterway due to sediment and E. Coli pollution, necessitating measures to comply with total maximum daily load (TMDL) limits [4] - The existing Gutter Bins have captured tens of thousands of pounds of pollution and filtered millions of gallons of water, contributing to the city's pollution reduction efforts [4] Community and Corporate Responsibility - The collaboration reflects a growing trend of companies partnering with local governments to actively engage in community resource stewardship [7] - Cheyenne's City Council has adopted a resolution to clean Crow Creek, with Microsoft playing a significant role in this initiative [7] - Frog Creek's expertise in stormwater filtration positions it as a valuable partner for advancing Microsoft's water replenishment goals [7] Broader Impact - Similar Gutter Bin installations in other locations, such as Colorado Springs and Vail, have demonstrated significant pollution reduction and improvements in local ecosystems [8][9] - The goal of the Cheyenne project is to restore Crow Creek to a fishable, swimmable, and ecologically healthy state, benefiting both the community and future generations [10][11]

Core Viewpoint - JFrog Ltd. (FROG) has a strong history of beating earnings estimates and is positioned well for potential future earnings beats, particularly in its upcoming quarterly report [1]. Earnings Performance - In the most recent quarter, JFrog reported earnings of $0.16 per share against an expectation of $0.20, resulting in a surprise of 25.00% [2]. - For the previous quarter, JFrog exceeded the consensus estimate of $0.14 per share by reporting $0.19, achieving a surprise of 35.71% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for JFrog, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [6]. Current Earnings ESP - JFrog currently has an Earnings ESP of +1.02%, suggesting that analysts are optimistic about its near-term earnings potential [8]. - The next earnings report for JFrog is anticipated to be released on August 7, 2025 [8].

智通财经APP获悉，谷歌(GOOGL.US)以24亿美元收购人工智能(AI)代码生成工具公司Windsurf的技术授 权及人才团队，这一交易或将加剧DevSecOps领域的竞争格局。美国银行分析指出，此举可能对 GitLab(GTLB.US)和JFrog(FROG.US)等企业构成竞争压力。 "面对私营代码生成工具在估值、增长及差异化方面的市场热议，加之GitLab决定将部分AI功能(如代码 建议)免费纳入付费层级(Premium和Ultimate套餐)，我们认为市场将更加关注其代码生成工具的战略布 局是否得当，"Ikeda表示。 JFrog同样面临巩固市场地位的新挑战。 "以Windsurf和Cursor为代表的AI代码生成工具正成为DevSecOps领域(应用开发、安全防护、运维管理) 的投资焦点，"由Koji Ikeda领导的美银分析师团队在周一发布的投资者报告中表示，"私营代码生成工 具在用户规模与营收增长方面的快速扩张，以及生成式AI与智能体AI在该领域展现的实际效益，共同 推动了这一趋势。" 分析报告特别指出，GitLab近期已着重强调其在AI驱动DevSecOps领域的战略布局。 美银对GitL ...

Core Viewpoint - The article discusses the importance of understanding the implications of recent financial performance and market trends for investment decisions [1][2]. Financial Performance - Recent earnings reports indicate a significant increase in revenue for the company, with a year-over-year growth of 15% [1]. - The net profit margin has improved from 10% to 12%, reflecting better cost management and operational efficiency [1]. Market Trends - The industry is experiencing a shift towards digital transformation, with companies investing heavily in technology to enhance customer experience [2]. - There is a growing trend of consolidation within the sector, as companies seek to leverage synergies and expand their market share [2]. Investment Opportunities - Analysts suggest that companies focusing on innovation and sustainability are likely to outperform their peers in the coming years [1]. - Emerging markets present significant growth potential, with an expected increase in demand for products and services [2].