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JFrog Ltd.

JFrog Ltd.

NASDAQ•FROG
CEO: Mr. Shlomi Ben Haim
Sector: Technology
Industry: Software - Application
Listing Date: 2020-09-16
JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution. It also provides JFrog Artifactory Edge that utilizes and leverages metadata from JFrog Artifactory to facilitate the transfer of the incremental changes in software packages from their previous versions; JFrog Mission Control, a platform control panel that provides a view of moving pieces of an organization's software supply chain workflow; JFrog Insight, a DevOps intelligence tool; JFrog Connect, a device management solution that allows companies to manage software updates and monitor performance in IoT device fleets; and JFrog Pipelines, a continuous integration and delivery tool for automating and orchestrating the movement of software packages. In addition, the company provides JFrog Pro that provides access to the universal version of JFrog Artifactory and ongoing updates, upgrades, and bug fixes; JFrog Pro X, a self-hosted-only subscription; JFrog Enterprise X, which offers cluster configuration, federated repositories, multi-region replication, larger enterprise-scale deployments, service-level agreement support, and deeper security; and JFrog Enterprise Plus, a full platform subscription option. It serves technology, financial services, retail, healthcare, and telecommunications organizations. JFrog Ltd. was incorporated in 2008 and is headquartered in Sunnyvale, California.
Contact Information
270 E Caribbean Dr., Sunnyvale, CA, 94089, United States
408-329-1540
www.jfrog.com
Market Cap
$7.89B
P/E (TTM)
-97.9
81.1
Dividend Yield
--
52W High
$70.43
52W Low
$27.00
52W Range
91%
Rank49Top 53.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024

Financial Dashboard

Q3 2025 Data

Revenue

$136.91M+25.54%
4-Quarter Trend

EPS

-$0.14-33.33%
4-Quarter Trend

FCF

$28.81M+7.89%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Subscription Revenue Jumps Total subscription revenue reached $386.5M for nine months, marking 24% growth over the prior corresponding period.
Strong Free Cash Flow Nine months Free Cash Flow reached $92.4M, showing strong cash generation after investing $2.6M in property and equipment.
Customer Expansion Metrics Net Dollar Retention Rate stood at 118%; large customers (>$1M ARR) increased to 71 entities as of September 30, 2025.
Net Loss Widens Net loss widened to $(56.6M) for the nine months ended September 30, 2025, compared to $(46.0M) loss last year.

Risk Factors

Growth Management Strain Continued significant growth places strain on management, operational resources; failure to scale systems risks adverse business impact.
Geopolitical and Macro Uncertainty Middle East conflict and geopolitical tensions create uncertainty impacting customer spending and overall global economic conditions.
Intellectual Property Protection Failure to protect proprietary technology or keep pace with competitors risks market share loss and significant litigation costs.
Uncertainty in Profitability Incurred net loss of $56.6M for nine months; profitability requires offsetting substantial operating expense increases going forward.

Outlook

Platform Technology Investment Plan to enhance hybrid platform, investing additional resources in R&D for new features and functionality expansion ahead.
Customer Expansion Strategy Focus remains on expanding usage within existing customers, driving standardization and identifying new use cases across organizations.
Liquidity Position Secure Cash and short-term investments total $651.1M, expected to meet liquidity needs for the next twelve months and long-term.

Peer Comparison

Revenue (TTM)

ACI Worldwide, Inc.ACIW
$1.73B
+7.0%
BILL Holdings, Inc.BILL
$1.50B
+11.6%
Zeta Global Holdings Corp.ZETA
$1.22B
+35.9%

Gross Margin (Latest Quarter)

BILL Holdings, Inc.BILL
80.5%
-1.4pp
JFrog Ltd.FROG
77.4%
+3.6pp
Workiva Inc.WK
77.0%
+0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FROG$7.89B-97.9-9.8%0.9%
CWAN$6.94B16.136.1%30.6%
BILL$5.66B471.60.3%15.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.7%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 12, 2026
|
EPS:$0.19
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $136.91M+25.5%
    |
    EPS: $-0.14-33.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $127.22M+23.5%
    |
    EPS: $-0.19+46.2%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $122.41M+22.0%
    |
    EPS: $-0.16+94.9%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 14, 2025|
    Revenue: $428.49M+22.5%
    |
    EPS: $-0.63-6.8%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $109.06M+23.0%
    |
    EPS: $-0.21+61.5%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $103.04M+22.4%
    |
    EPS: $-0.13-13.3%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $100.31M+25.7%
    |
    EPS: $-0.08-60.9%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 15, 2024|
    Revenue: $349.89M+24.9%
    |
    EPS: $-0.59+35.2%
    Miss