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Financials · FROG

JFrog Ltd. (FROG) financials

For the twelve months ended Sep 30, 2026, JFrog Ltd. reported $642.23M of revenue and -$21.09M of net income.

Revenue, TTM
$642.23M
Revenue growth, YoY
+27.8%
Net income, TTM
-$21.09M
Net margin
-3.3%
Free cash flow, TTM
$207.38M
EPS, diluted, TTM
-$0.18
Cash
$75.19M
P/S
19.39
Market cap
$12.45B
Annual revenue$531.84M
FY2018FY2025
Annual net income-$71.82M
FY2018FY2025
Annual free cash flow$142.27M
FY2018FY2025

FROG revenue and earnings growth

FROG revenueQ3 2026$179.17M

Quarter YoY
+30.9%
QoQ
+9.4%
FY YoY
+24.1%
5Y CAGR
+28.7%

FROG revenue was $179.17M in fiscal Q3 2026 (ended Sep 30, 2026), up 30.9% from a year earlier and up 9.4% from the prior quarter. For the full fiscal 2025 it was $531.84M, up 24.1% from fiscal 2024. Compound annual growth was +28.7% over 5 years. It rose in each of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

FROG net incomeQ3 2026$6.55M

FROG net income was $6.55M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$16.43M a year earlier. For the full fiscal 2025 it was -$71.82M, compared with -$69.24M in fiscal 2024.

FROG EPSQ3 2026$0.05

FROG diluted EPS was $0.05 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.14 a year earlier. For the full fiscal 2025 it was -$0.62, compared with -$0.63 in fiscal 2024.

FROG free cash flowQ3 2026$66.49M

Quarter YoY
+130.8%
QoQ
+23.7%
FY YoY
+32.0%
5Y CAGR
+40.6%

FROG free cash flow was $66.49M in fiscal Q3 2026 (ended Sep 30, 2026), up 130.8% from a year earlier and up 23.7% from the prior quarter. For the full fiscal 2025 it was $142.27M, up 32.0% from fiscal 2024. Compound annual growth was +40.6% over 5 years. It rose in 5 of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$531.84M$428.49M$349.89M$280.04M$206.68M$150.83M$104.72M$63.53M
Cost of revenue$123.45M$98.30M$77.04M$62.29M$41.82M$28.45M$20.04M$10.71M
Gross profit$408.39M$330.19M$272.84M$217.75M$164.86M$122.38M$84.68M$52.82M
Research and development$195.09M$160.86M$134.58M$121.22M$79.60M$41.11M$29.73M$25.86M
Selling, general and admin$81.22M$70.02M$63.13M$55.56M$56.66M$34.52M$17.80M$18.84M
Operating income-$91.85M-$91.10M-$75.55M-$89.84M-$68.37M-$14.19M-$6.94M-$26.86M
Pre-tax income-$66.04M-$65.82M-$54.52M-$84.75M-$67.63M-$12.15M-$3.77M-$25.55M
Income tax$5.78M$3.42M$6.74M$5.44M-$3.42M-$2.74M$1.63M$470.0K
Net income-$71.82M-$69.24M-$61.26M-$90.18M-$64.20M-$9.40M-$5.39M-$26.02M
EPS, basic-$0.62-$0.63-$0.59-$0.91-$0.68-$0.20-$0.20-$1.00
EPS, diluted-$0.62-$0.63-$0.59-$0.91-$0.68-$0.20-$0.20-$1.00
Diluted shares116.2M109.7M103.3M99.2M94.8M46.5M27.1M26.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$75.84M$50.63M$84.77M$45.61M$68.54M$164.74M$40.94M$179.79M
Short-term investments$628.57M$472.14M$460.25M$397.61M$352.84M$433.60M$127.33M-
Receivables$119.95M$90.71M$76.44M$62.12M$50.48M$37.05M$24.74M-
Current assets$873.01M$649.23M$645.80M$532.02M$499.02M$652.56M$198.93M-
Goodwill$371.51M$371.51M$247.96M$247.96M$247.78M$17.32M$17.32M$1.63M
Total assets$1.34B$1.13B$972.56M$871.22M$852.53M$689.23M$238.04M-
Current liabilities$407.52M$317.51M$262.18M$209.57M$175.26M$122.70M$86.00M-
Total liabilities$453.93M$356.38M$293.43M$246.45M$213.95M$135.34M$95.63M-
Shareholders' equity$887.45M$773.53M$679.12M$624.77M$638.58M$553.89M-$33.43M-$38.68M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow$145.73M$110.92M$74.16M$21.43M$27.90M$29.46M$10.00M$8.56M
Capital expenditures$3.46M$3.14M$1.98M$4.33M$4.23M$3.52M$1.80M$2.08M
Free cash flow$142.27M$107.78M$72.17M$17.10M$23.67M$25.94M$8.20M$6.49M
Investing cash flow-$152.27M-$165.36M-$53.48M-$53.34M-$125.55M-$311.80M-$149.59M-$3.08M
Financing cash flow$31.21M$21.23M$18.37M$11.03M$1.44M$406.13M$736.0K$114.48M
Stock-based compensation$156.66M$131.11M$95.17M$68.66M$56.95M$23.85M$9.37M$20.17M
Depreciation and amortization$24.50M$21.46M$15.30M$14.65M$8.75M$3.66M$2.81M$1.12M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY24.1%22.5%24.9%35.5%37.0%44.0%64.8%-
Gross margin76.8%77.1%78.0%77.8%79.8%81.1%80.9%83.1%
Operating margin-17.3%-21.3%-21.6%-32.1%-33.1%-9.4%-6.6%-42.3%
Net margin-13.5%-16.2%-17.5%-32.2%-31.1%-6.2%-5.2%-40.9%
Free cash flow margin26.8%25.2%20.6%6.1%11.5%17.2%7.8%10.2%
Return on equity-8.1%-9.0%-9.0%-14.4%-10.1%-1.7%--
Return on assets-5.4%-6.1%-6.3%-10.4%-7.5%-1.4%-2.3%-
Current ratio2.142.042.462.542.855.322.31-

Source: XBRL data JFrog Ltd. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FROG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FROG$642.23M+27.8%-$21.09M-3.3%$12.45B
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

FROG FAQ

9 questions
  • What is FROG revenue?
    JFrog Ltd. (FROG) reported $642.23M of revenue for the twelve months ended Sep 30, 2026. That is up 27.8% from the year before. Revenue for fiscal 2025 was $531.84M.
  • Is FROG profitable?
    No. JFrog Ltd. reported a net loss of $21.09M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does FROG have?
    JFrog Ltd. reported $75.19M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FROG revenue growing?
    JFrog Ltd.'s revenue changed +24.1% in fiscal 2025, to $531.84M. Its compound annual growth rate was +28.7% over 5 years.
  • What is FROG gross margin?
    JFrog Ltd.'s gross profit was $503.79M on $642.23M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 78.4%.
  • What is FROG free cash flow?
    JFrog Ltd. generated $207.38M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $215.42M less capital expenditures.
  • What is FROG earnings per share?
    Diluted earnings per share were -$0.18 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FROG last report financial results?
    The latest statements here come from JFrog Ltd.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this FROG financial data come from?
    Quantisnow builds these statements from the structured XBRL data JFrog Ltd. files with the SEC. It is provided for information only and is not investment advice.