FrogAds, Inc. (FROG) experienced a significant after-hours surge of 10.49% on Thursday, following the release of its first-quarter fiscal 2026 financial results.

The company reported quarterly adjusted earnings of $0.27 per share, surpassing the analyst consensus estimate of $0.21 by 28.57%. Revenue for the quarter reached $153.977 million, beating estimates of $147.462 million and representing a 25.79% increase year-over-year. Key drivers included a 50% surge in cloud revenue, which now constitutes 51% of total revenue, and a narrowed net loss. Furthermore, the company's board authorized a new share repurchase program of up to $300 million.

Positive forward guidance also contributed to investor optimism. Management provided an outlook for the second quarter with revenue projected between $154 million and $156 million and adjusted EPS between $0.23 and $0.25. The full-year revenue guidance was set at $628 million to $632 million. The company also highlighted strong demand from AI-powered coding agents and a new collaboration with NVIDIA to launch the JFrog Skills Registry.