8-K Announcements
6Feb 26, 2026·SEC
Feb 12, 2026·SEC
Nov 6, 2025·SEC
JFrog Ltd. (FROG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
JFrog Ltd. (FROG) stock price & volume — 10-year historical chart
JFrog Ltd. (FROG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
JFrog Ltd. (FROG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.22vs $0.19+15.8% | $145Mvs $138M+5.2% |
| Q4 2025 | Nov 6, 2025 | $0.22vs $0.16+34.4% | $137Mvs $128M+6.7% |
| Q3 2025 | Aug 7, 2025 | $0.18vs $0.16+12.5% | $127Mvs $128M-0.7% |
| Q2 2025 | May 8, 2025 | $0.20vs $0.16+25.0% | $122Mvs $117M+4.3% |
JFrog Ltd. (FROG) competitors in Developer tools and DevOps platforms — business model, growth, and fundamentals comparison
JFrog Ltd. (FROG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
JFrog Ltd. (FROG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 63.53M | 104.72M | 150.83M | 206.68M | 280.04M | 349.89M | 428.49M | 531.84M |
| Revenue Growth % | - | 64.82% | 44.03% | 37.03% | 35.49% | 24.94% | 22.46% | 24.12% |
| Cost of Goods Sold | 10.82M | 20.04M | 28.45M | 41.82M | 62.29M | 77.04M | 98.3M | 126.86M |
| COGS % of Revenue | 17.03% | 19.13% | 18.86% | 20.24% | 22.24% | 22.02% | 22.94% | 23.85% |
| Gross Profit | 52.71M▲ 0% | 84.68M▲ 60.6% | 122.38M▲ 44.5% | 164.86M▲ 34.7% | 217.75M▲ 32.1% | 272.84M▲ 25.3% | 330.19M▲ 21.0% | 404.98M▲ 22.7% |
| Gross Margin % | 82.97% | 80.87% | 81.14% | 79.76% | 77.76% | 77.98% | 77.06% | 76.15% |
| Gross Profit Growth % | - | 60.64% | 44.51% | 34.72% | 32.08% | 25.3% | 21.02% | 22.65% |
| Operating Expenses | 78.8M | 91.62M | 136.57M | 233.23M | 307.59M | 348.39M | 421.29M | 488.62M |
| OpEx % of Revenue | 124.03% | 87.49% | 90.55% | 112.84% | 109.84% | 99.57% | 98.32% | 91.87% |
| Selling, General & Admin | 53.03M | 61.89M | 95.45M | 153.63M | 186.37M | 213.81M | 260.42M | 293.11M |
| SG&A % of Revenue | 83.47% | 59.1% | 63.29% | 74.33% | 66.55% | 61.11% | 60.78% | 55.11% |
| Research & Development | 25.77M | 29.73M | 41.11M | 79.6M | 121.22M | 134.58M | 160.86M | 195.51M |
| R&D % of Revenue | 40.55% | 28.39% | 27.26% | 38.52% | 43.29% | 38.47% | 37.54% | 36.76% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -26.08M▲ 0% | -6.94M▲ 73.4% | -14.19M▼ 104.6% | -68.37M▼ 381.7% | -89.84M▼ 31.4% | -75.55M▲ 15.9% | -91.1M▼ 20.6% | -83.64M▲ 8.2% |
| Operating Margin % | -41.06% | -6.62% | -9.41% | -33.08% | -32.08% | -21.59% | -21.26% | -15.73% |
| Operating Income Growth % | - | 73.41% | -104.58% | -381.74% | -31.4% | 15.91% | -20.58% | 8.19% |
| EBITDA | -24.96M | -4.13M | -10.53M | -59.62M | -75.19M | -60.24M | -69.64M | -59.13M |
| EBITDA Margin % | -39.29% | -3.94% | -6.98% | -28.85% | -26.85% | -17.22% | -16.25% | -11.12% |
| EBITDA Growth % | - | 83.47% | -155.2% | -466.11% | -26.1% | 19.87% | -15.59% | 15.08% |
| D&A (Non-Cash Add-back) | 1.12M | 2.81M | 3.66M | 8.75M | 14.65M | 15.3M | 21.46M | 24.5M |
| EBIT | -25.55M | -6.94M | -14.19M | -68.37M | -89.84M | -75.55M | -91.1M | -83.64M |
| Net Interest Income | 1.31M | 3.17M | 2.04M | 744K | 5.09M | 21.03M | 25.28M | 26.5M |
| Interest Income | 1.31M | 3.17M | 2.04M | 744K | 5.09M | 21.03M | 25.28M | 26.5M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 539K | 3.17M | 2.04M | 744K | 5.09M | 21.03M | 25.28M | 17.6M |
| Pretax Income | -25.55M▲ 0% | -3.77M▲ 85.3% | -12.15M▼ 222.5% | -67.63M▼ 456.7% | -84.75M▼ 25.3% | -54.52M▲ 35.7% | -65.82M▼ 20.7% | -66.04M▼ 0.3% |
| Pretax Margin % | -40.21% | -3.6% | -8.05% | -32.72% | -30.26% | -15.58% | -15.36% | -12.42% |
| Income Tax | 470K | 1.63M | -2.74M | -3.42M | 5.44M | 6.74M | 3.42M | 5.78M |
| Effective Tax Rate % | -1.84% | -43.23% | 22.57% | 5.06% | -6.42% | -12.36% | -5.19% | -8.76% |
| Net Income | -26.02M▲ 0% | -5.39M▲ 79.3% | -9.4M▼ 74.4% | -64.2M▼ 582.6% | -90.18M▼ 40.5% | -61.26M▲ 32.1% | -69.24M▼ 13.0% | -71.82M▼ 3.7% |
| Net Margin % | -40.95% | -5.15% | -6.24% | -31.06% | -32.2% | -17.51% | -16.16% | -13.5% |
| Net Income Growth % | - | 79.27% | -74.36% | -582.65% | -40.47% | 32.08% | -13.03% | -3.73% |
| Net Income (Continuing) | -26.02M | -5.39M | -9.4M | -64.2M | -90.18M | -61.26M | -69.24M | -71.82M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.32▲ 0% | -0.07▲ 79.0% | -0.20▼ 197.6% | -0.68▼ 240.0% | -0.91▼ 33.8% | -0.59▲ 35.2% | -0.63▼ 6.8% | -0.62▲ 1.6% |
| EPS Growth % | - | 79% | -197.62% | -240% | -33.82% | 35.16% | -6.78% | 1.59% |
| EPS (Basic) | -0.32 | -0.07 | -0.20 | -0.68 | -0.91 | -0.59 | -0.63 | -0.62 |
| Diluted Shares Outstanding | 80.31M | 80.31M | 46.49M | 94.78M | 99.24M | 103.32M | 109.69M | 116.2M |
| Basic Shares Outstanding | 80.31M | 80.31M | 46.49M | 94.78M | 99.24M | 103.32M | 109.69M | 116.2M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
JFrog Ltd. (FROG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 202.25M | 198.93M | 652.56M | 499.02M | 532.02M | 645.8M | 649.23M | 850.75M |
| Cash & Short-Term Investments | 177.88M | 166.48M | 598.06M | 421.13M | 443.2M | 545.01M | 522.01M | 705.13M |
| Cash Only | 178.17M | 39.16M | 164.47M | 68.3M | 45.61M | 84.78M | 50.63M | 76.55M |
| Short-Term Investments | 0 | 127.33M | 433.6M | 352.84M | 397.61M | 460.25M | 472.14M | 628.57M |
| Accounts Receivable | 19.79M | 24.74M | 37.05M | 50.48M | 62.12M | 76.44M | 90.71M | 119.95M |
| Days Sales Outstanding | 113.72 | 86.22 | 89.66 | 89.15 | 80.96 | 79.74 | 77.27 | 82.32 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 1.61M | 2.36M | 3.73M | 5.27M | 8.1M | 24.35M | 36.51M | 25.68M |
| Total Non-Current Assets | 14.85M | 39.11M | 36.67M | 353.51M | 339.2M | 326.75M | 480.68M | 490.63M |
| Property, Plant & Equipment | 3.15M | 3.53M | 4.96M | 32.69M | 32.62M | 29.09M | 19.87M | 17.6M |
| Fixed Asset Turnover | 20.19x | 29.65x | 30.39x | 6.32x | 8.58x | 12.03x | 21.56x | 30.22x |
| Goodwill | 1.63M | 17.32M | 17.32M | 247.78M | 247.96M | 247.96M | 371.51M | 371.51M |
| Intangible Assets | 3.14M | 5.61M | 4.05M | 47.98M | 37.54M | 25.77M | 60.83M | 39.91M |
| Long-Term Investments | 1.61M | 1.78M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.94M | 12.65M | 10.34M | 25.06M | 21.08M | 23.94M | 28.47M | 61.61M |
| Total Assets | 217.1M▲ 0% | 238.04M▲ 9.6% | 689.23M▲ 189.5% | 852.53M▲ 23.7% | 871.22M▲ 2.2% | 972.56M▲ 11.6% | 1.13B▲ 16.2% | 1.34B▲ 18.7% |
| Asset Turnover | 0.29x | 0.44x | 0.22x | 0.24x | 0.32x | 0.36x | 0.38x | 0.40x |
| Asset Growth % | - | 9.64% | 189.54% | 23.69% | 2.19% | 11.63% | 16.18% | 18.72% |
| Total Current Liabilities | 61.63M | 86M | 122.7M | 175.26M | 209.57M | 262.18M | 317.51M | 407.52M |
| Accounts Payable | 3.19M | 4.99M | 9.91M | 10.87M | 14.87M | 16.97M | 10.65M | 14.17M |
| Days Payables Outstanding | 107.73 | 90.91 | 127.15 | 94.85 | 87.12 | 80.4 | 39.54 | 40.76 |
| Short-Term Debt | 0 | 0 | 0 | 7.29M | 7.13M | 8.27M | 7.79M | 5.78M |
| Deferred Revenue (Current) | 51.86M | 72.68M | 91.75M | 129.15M | 158.72M | 201.12M | 247.19M | 309.6M |
| Other Current Liabilities | 2.25M | 3M | 12.24M | 10.35M | 7.96M | 10.65M | 19.02M | 27.3M |
| Current Ratio | 3.28x | 2.31x | 5.32x | 2.85x | 2.54x | 2.46x | 2.04x | 2.09x |
| Quick Ratio | 3.28x | 2.31x | 5.32x | 2.85x | 2.54x | 2.46x | 2.04x | 2.09x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 18.31M | 9.63M | 12.64M | 38.68M | 36.88M | 31.26M | 38.87M | 46.41M |
| Long-Term Debt | 0 | 0 | 0 | 20.01M | 16.83M | 13.95M | 6.18M | 6.68M |
| Capital Lease Obligations | 0 | 0 | 0 | 20.01M | 16.83M | 13.95M | 6.18M | 6.68M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 1.55M | -19.3M | -13.77M | -9.64M | -559K | 656K |
| Total Liabilities | 255.78M | 271.47M | 135.34M | 213.95M | 246.45M | 293.43M | 356.38M | 453.93M |
| Total Debt | 0 | 0 | 0 | 47.32M | 40.79M | 36.18M | 20.16M | 19.13M |
| Net Debt | -178.17M | -39.16M | -164.47M | -20.98M | -4.82M | -48.6M | -30.47M | -57.42M |
| Debt / Equity | - | - | - | 0.07x | 0.07x | 0.05x | 0.03x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - |
| Total Equity | -38.68M▲ 0% | -33.43M▲ 13.6% | 553.89M▲ 1756.7% | 638.58M▲ 15.3% | 624.77M▼ 2.2% | 679.12M▲ 8.7% | 773.53M▲ 13.9% | 887.45M▲ 14.7% |
| Equity Growth % | - | 13.56% | 1756.68% | 15.29% | -2.16% | 8.7% | 13.9% | 14.73% |
| Book Value per Share | -0.48 | -0.42 | 11.91 | 6.74 | 6.30 | 6.57 | 7.05 | 7.64 |
| Total Shareholders' Equity | -38.68M | -33.43M | 553.89M | 638.58M | 624.77M | 679.12M | 773.53M | 887.45M |
| Common Stock | 76K | 80K | 257K | 272K | 283K | 297K | 315K | 335K |
| Retained Earnings | -59.99M | -65.38M | -74.79M | -138.99M | -229.18M | -290.43M | -359.67M | -431.49M |
| Treasury Stock | -21.24M | -31.84M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 35K | 372K | 611K | -2.77M | 1.01M | 655K | 5.77M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
JFrog Ltd. (FROG) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 8.56M | 10M | 29.46M | 27.9M | 21.43M | 74.16M | 110.92M | 145.73M |
| Operating CF Margin % | 13.48% | 9.55% | 19.53% | 13.5% | 7.65% | 21.19% | 25.89% | 27.4% |
| Operating CF Growth % | - | 16.84% | 194.46% | -5.28% | -23.21% | 246.11% | 49.58% | 31.38% |
| Net Income | -26.02M | -5.39M | -9.4M | -64.2M | -90.18M | -61.26M | -69.24M | -71.82M |
| Depreciation & Amortization | 1.12M | 2.81M | 3.66M | 14.85M | 14.65M | 15.3M | 21.46M | 24.5M |
| Stock-Based Compensation | 20.17M | 9.37M | 23.85M | 0 | 68.66M | 95.17M | 131.11M | 156.66M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 27.88M | -374K | 1.91M | 62.47M | 11.51M | 1.63M | 2.46M | 2.92M |
| Working Capital Changes | 13.29M | 3.59M | 9.45M | 14.78M | 16.78M | 23.31M | 25.13M | 33.47M |
| Change in Receivables | -6.96M | -4.93M | -12.31M | -12.81M | -11.19M | -14.11M | -13.51M | -29.33M |
| Change in Inventory | -3.18M | -3.01M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 1.48M | 1.79M | 4.92M | 504K | 4.1M | 1.71M | -7.32M | 3.62M |
| Cash from Investing | -3.08M | -149.59M | -311.8M | -125.55M | -53.34M | -53.48M | -165.36M | -152.27M |
| Capital Expenditures | -3.08M | -1.8M | -3.52M | -4.83M | -4.63M | -1.98M | -3.14M | -3.46M |
| CapEx % of Revenue | 4.84% | 1.72% | 2.34% | 2.34% | 1.65% | 0.57% | 0.73% | 0.65% |
| Acquisitions | 0 | -20.86M | 308.27M | -195.75M | -179K | 0 | -156.71M | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -1M | 0 | -308.27M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 114.48M | 736K | 406.13M | 1.44M | 11.03M | 18.37M | 21.23M | 31.21M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 114.45M | -293K | 393.48M | 9.93M | 11.1M | 16.65M | 19.1M | 12.05M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -192K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 23K | 1.03M | 12.65M | -8.48M | -71K | 1.72M | 2.13M | 19.16M |
| Net Change in Cash | 119.96M▲ 0% | -138.84M▼ 215.7% | 123.8M▲ 189.2% | -96.18M▼ 177.7% | -22.93M▲ 76.2% | 39.17M▲ 270.8% | -34.15M▼ 187.2% | 25.92M▲ 175.9% |
| Free Cash Flow | 5.49M▲ 0% | 8.2M▲ 49.5% | 25.94M▲ 216.3% | 23.67M▼ 8.7% | 16.8M▼ 29.0% | 72.17M▲ 329.7% | 107.78M▲ 49.3% | 142.27M▲ 32.0% |
| FCF Margin % | 8.64% | 7.83% | 17.2% | 11.45% | 6% | 20.63% | 25.15% | 26.75% |
| FCF Growth % | - | 49.46% | 216.25% | -8.72% | -29.05% | 329.68% | 49.34% | 32% |
| FCF per Share | 0.07 | 0.10 | 0.56 | 0.25 | 0.17 | 0.70 | 0.98 | 1.22 |
| FCF Conversion (FCF/Net Income) | -0.33x | -1.85x | -3.13x | -0.43x | -0.24x | -1.21x | -1.60x | -2.03x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 2.97M | 2.07M | 0 | 153K | 1.71M | 5M | 4.24M | 0 |
JFrog Ltd. (FROG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -3.61% | -10.77% | -14.28% | -9.4% | -9.53% | -8.65% |
| Return on Invested Capital (ROIC) | - | - | -6.72% | -10.18% | -10.89% | -9.06% | -9.95% | -7.98% |
| Gross Margin | 82.97% | 80.87% | 81.14% | 79.76% | 77.76% | 77.98% | 77.06% | 76.15% |
| Net Margin | -40.95% | -5.15% | -6.24% | -31.06% | -32.2% | -17.51% | -16.16% | -13.5% |
| Debt / Equity | - | - | - | 0.07x | 0.07x | 0.05x | 0.03x | 0.02x |
| FCF Conversion | -0.33x | -1.85x | -3.13x | -0.43x | -0.24x | -1.21x | -1.60x | -2.03x |
| Revenue Growth | - | 64.82% | 44.03% | 37.03% | 35.49% | 24.94% | 22.46% | 24.12% |
JFrog Ltd. (FROG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 26, 2026·SEC
Feb 12, 2026·SEC
Nov 6, 2025·SEC
JFrog Ltd. (FROG) stock FAQ — growth, dividends, profitability & financials explained
JFrog Ltd. (FROG) reported $531.8M in revenue for fiscal year 2025. This represents a 737% increase from $63.5M in 2018.
JFrog Ltd. (FROG) grew revenue by 24.1% over the past year. This is strong growth.
JFrog Ltd. (FROG) reported a net loss of $71.8M for fiscal year 2025.
JFrog Ltd. (FROG) has a return on equity (ROE) of -8.6%. Negative ROE indicates the company is unprofitable.
JFrog Ltd. (FROG) generated $142.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
JFrog Ltd. (FROG) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates