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JFrog JFrog Announces First Quarter Fiscal 2021 Results Quarterly Revenue Increased 37 % Quarterly Operating Cash Flow of $ 8.8 million ; Free Cash Flow of $ 7.7 million Empowers End - to - End Platform with Breakthrough Technologies for Enhanced Security and Software Distribution Capabilities SUNNYVALE , Calif . , May 6 , 2021 -- JFrog Ltd. ( NASDAQ : FROG ) , the liquid software company , today announced financial results for its first quarter ended March 31 , 2021 . " Our strong first quarter results are setting a solid tone for the year , with 37 % revenue growth , 130 % net dollar retention rate for the trailing four quarters , and increasing net new customer additions , " said Shlomi Ben Haim , CEO of JFrog . " In Q1 , we took a significant leap forward in product innovation , releasing capabilities around modern DevOps scalability ; enhanced security , software distribution and the developer ecosystem in response to increasing demand for a full , end - to - end DevOps platform . It's our goal to make developers the transformers in the digital era , and we're proud to partner with them and their organizations as they continuously deliver software rapidly and securely to the edge . " First Quarter Financial Highlights Revenue for the first quarter of 2021 was $ 45.1 million , an increase of 37 % from $ 32.8 million for the first quarter of 2020 . GAAP Gross Profit was $ 36.7 million ; GAAP Gross Margin was 81.3 % . Non - GAAP Gross Profit was $ 37.6 million ; Non - GAAP Gross Margin was 83.4 % . GAAP Operating Loss was ( $ 10.6 million ) ; GAAP Operating Margin was ( 23.5 % ) . Non - GAAP Operating Income was $ 1.9 million ; Non - GAAP Operating Margin was 4.1 % . ● GAAP Net Loss Per Diluted Share was ( $ 0.09 ) ; Non - GAAP Net Income Per Diluted Share was $ 0.02 . Operating Cash Flow was $ 8.8 million , with Free Cash Flow of $ 7.7 million . Cash , cash equivalents and investments were $ 605.7 million as of March 31 , 2021 . ● ● First Quarter & Recent Business Highlights At quarter end , 395 customers had ARR greater than $ 100,000 ; 10 customers had ARR above $ 1 million . Net Dollar Retention rate for the trailing four quarters was 130 % . ● Cloud revenue in Q1 grew by 62 % to $ 10.3 million over the same period last year , representing 23 % of total revenue , up from 19 % a year ago . ● At quarter end , customers using the complete platform ( Enterprise + subscription ) represented 29 % of revenue in the first quarter of 2021 versus 16 % in the first quarter of 2020 . Increased footprint in APAC , including significant expansion of operations in China .