Symbols / FROG $46.81 +1.54% JFrog Ltd.

Technology • Software - Application • United States • NMS
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About

JFrog Ltd. provides 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 software packages; JFrog Curation functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, from open source or public repositories; JFrog Xray, scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Runtime Security, an optional add-on for select JFrog subscriptions to work with other JFrog Security solutions. It also provides JFrog ML, a platform-integrated solution designed for data science and MLOps teams to transform and store data, build, train, and deploy models, and monitor the entire Machine Learning pipeline; JFrog AI Catalog, an extension of JFrog Curation functionality that allows companies to secure, govern, consume and deploy AI technologies; JFrog AppTrust, an optional component with application risk governance of DevGovOps requirements; JFrog Distribution that provides software package distribution; and JFrog Connect, a device management solution that allows companies to manage software updates and monitor performance in IoT device fleets. In addition, the company offers JFrog Pro that provides access to the universal version of JFrog Artifactory and ongoing updates, upgrades, and bug fixes; JFrog Pro X, a self-managed-only subscription; JFrog Enterprise X, 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.

Fundamentals
Scroll to Statements
Market Cap 5.67B Enterprise Value 4.91B Income -71.82M Sales 531.84M Book/sh 7.42 Cash/sh 5.89
Dividend Yield — Payout 0.00% Employees 1800 IPO — P/E — Forward P/E 42.72
PEG — P/S 10.66 P/B 6.31 P/C — EV/EBITDA -80.44 EV/Sales 9.23
Quick Ratio 2.02 Current Ratio 2.14 Debt/Eq 1.40 LT Debt/Eq — EPS (ttm) -0.62 EPS next Y 1.10
EPS Growth — Revenue Growth 25.20% Earnings 2026-05-07 ROA -4.32% ROE -8.65% ROIC —
Gross Margin 76.79% Oper. Margin -13.68% Profit Margin -13.50% Shs Outstand 121.16M Shs Float 105.20M Short Float 6.97%
Short Ratio 2.39 Short Interest — 52W High 70.43 52W Low 31.66 Beta 1.14 Avg Volume 3.51M
Volume 946.50K Target Price $69.15 Recom Strong_buy Prev Close $46.10 Price $46.81 Change 1.54%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$69.15
Mean price target
2. Current target
$46.81
Latest analyst target
3. DCF / Fair value
$25.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$46.81
Low
$52.00
High
$80.00
Mean
$69.15

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 reit Cantor Fitzgerald Overweight → Overweight $80
2026-04-21 reit Guggenheim Buy → Buy $60
2026-04-15 main TD Cowen Buy → Buy $70
2026-03-24 up UBS Neutral → Buy $60
2026-03-16 init Guggenheim — → Buy $60
2026-02-23 main Stifel Buy → Buy $52
2026-02-13 main DA Davidson Buy → Buy $65
2026-02-13 main Canaccord Genuity Buy → Buy $66
2026-02-13 main TD Cowen Buy → Buy $80
2026-02-13 main Piper Sandler Neutral → Neutral $65
2026-02-13 main BTIG Buy → Buy $70
2026-02-04 reit Cantor Fitzgerald Overweight → Overweight $80
2026-01-12 main Barclays Overweight → Overweight $70
2026-01-07 main Cantor Fitzgerald Overweight → Overweight $80
2026-01-05 main Piper Sandler Neutral → Neutral $70
2025-12-17 init BTIG — → Buy $83
2025-12-16 main Keybanc Overweight → Overweight $79
2025-11-07 main Canaccord Genuity Buy → Buy $65
2025-11-07 up Oppenheimer Perform → Outperform $75
2025-11-07 main JP Morgan Overweight → Overweight $65
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-10 LANDMAN YOAV Chief Technology Officer — 15,000 $42.49 $643,012
2026-04-07 HAIM SHLOMI BEN Chief Executive Officer — 25,000 $48.76 $1,221,886
2026-04-02 SIMON FREDERIC Director — 80,000 $47.34 $3,917,504
2026-03-26 SIMON FREDERIC Director — 20,000 $46.02 $941,832
2026-03-26 ZWARENSTEIN BARRY Director — 1,250 $49.00 $61,250
2026-03-25 HAIM SHLOMI BEN Chief Executive Officer — 25,000 $45.07 $1,126,750
2026-03-25 GRABSCHEID EDUARD Chief Financial Officer — 9,043 $45.00 $406,935
2026-03-25 SELA YOSEPH Director — 25,000 $45.20 $1,130,000
2026-03-06 HAIM SHLOMI BEN Chief Executive Officer — 25,363 $41.05 $1,052,661
2026-03-05 NOTMAN TALI Officer — 21,097 $41.16 $870,791
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
531.84
+24.12%
428.49
+22.47%
349.89
+24.94%
280.04
Operating Revenue
531.84
+24.12%
428.49
+22.47%
349.89
+24.94%
280.04
Cost Of Revenue
123.45
+25.59%
98.30
+27.59%
77.04
+23.69%
62.29
Reconciled Cost Of Revenue
101.76
+27.02%
80.11
+26.82%
63.17
+1.42%
62.29
Gross Profit
408.39
+23.68%
330.19
+21.02%
272.84
+25.30%
217.75
Operating Expense
498.31
+18.84%
419.32
+20.46%
348.11
+13.17%
307.59
Research And Development
195.09
+21.28%
160.86
+19.53%
134.58
+11.02%
121.22
Selling General And Administration
300.42
+17.73%
255.18
+20.32%
212.09
+13.80%
186.37
Selling And Marketing Expense
219.27
+17.86%
186.04
+24.76%
149.12
+13.99%
130.81
General And Administrative Expense
81.15
+17.37%
69.14
+9.80%
62.97
+13.35%
55.56
Other Gand A
81.15
+17.37%
69.14
+9.80%
62.97
+13.35%
55.56
Total Expenses
621.77
+20.12%
517.62
+21.75%
425.15
+14.94%
369.88
Operating Income
-89.93
-0.89%
-89.13
-18.43%
-75.26
+16.23%
-89.84
Total Operating Income As Reported
-91.85
-0.83%
-91.10
-20.58%
-75.55
+15.91%
-89.84
EBITDA
-65.42
+3.32%
-67.67
-12.86%
-59.96
+20.25%
-75.19
Normalized EBITDA
-63.50
+3.35%
-65.70
-10.11%
-59.67
+20.63%
-75.19
Reconciled Depreciation
24.50
+14.18%
21.46
+40.23%
15.30
+4.42%
14.65
EBIT
-89.93
-0.89%
-89.13
-18.43%
-75.26
+16.23%
-89.84
Total Unusual Items
-1.93
+2.14%
-1.97
-587.76%
-0.29
—
Total Unusual Items Excluding Goodwill
-1.93
+2.14%
-1.97
-587.76%
-0.29
—
Special Income Charges
-1.93
+2.14%
-1.97
-587.76%
-0.29
—
Restructuring And Mergern Acquisition
1.93
-2.14%
1.97
+587.76%
0.29
—
Net Income
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Pretax Income
-66.04
-0.33%
-65.82
-20.74%
-54.52
+35.67%
-84.75
Net Non Operating Interest Income Expense
25.82
+2.13%
25.28
+20.19%
21.03
+312.88%
5.09
Net Interest Income
25.82
+2.13%
25.28
+20.19%
21.03
+312.88%
5.09
Interest Income Non Operating
25.82
+2.13%
25.28
+20.19%
21.03
+312.88%
5.09
Interest Income
25.82
+2.13%
25.28
+20.19%
21.03
+312.88%
5.09
Other Income Expense
-1.93
+2.14%
-1.97
-587.76%
-0.29
—
Tax Provision
5.78
+69.26%
3.42
-49.32%
6.74
+23.94%
5.44
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.40
+2.14%
-0.41
-587.76%
-0.06
0.00
Net Income Including Noncontrolling Interests
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Net Income From Continuing Operation Net Minority Interest
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Net Income From Continuing And Discontinued Operation
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Net Income Continuous Operations
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Normalized Income
-70.30
-3.87%
-67.68
-10.90%
-61.03
+32.33%
-90.18
Net Income Common Stockholders
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Diluted EPS
-0.62
+1.59%
-0.63
-6.78%
-0.59
+35.16%
-0.91
Basic EPS
-0.62
+1.59%
-0.63
-6.78%
-0.59
+35.16%
-0.91
Basic Average Shares
116.20
+5.93%
109.69
+6.17%
103.32
+4.11%
99.24
Diluted Average Shares
116.20
+5.93%
109.69
+6.17%
103.32
+4.11%
99.24
Diluted NI Availto Com Stockholders
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Amortization
2.81
-14.26%
3.27
+128.79%
1.43
—
Amortization Of Intangibles Income Statement
2.81
-14.26%
3.27
+128.79%
1.43
—
Depreciation Amortization Depletion Income Statement
2.81
-14.26%
3.27
+128.79%
1.43
—
Depreciation And Amortization In Income Statement
2.81
-14.26%
3.27
+128.79%
1.43
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,341.38
+18.72%
1,129.91
+16.18%
972.56
+11.63%
871.22
Current Assets
873.01
+34.47%
649.23
+0.53%
645.80
+21.39%
532.02
Cash Cash Equivalents And Short Term Investments
704.41
+34.94%
522.01
-4.22%
545.01
+22.97%
443.20
Cash And Cash Equivalents
75.84
+52.08%
49.87
-41.17%
84.77
+85.91%
45.59
Other Short Term Investments
628.57
+33.13%
472.14
+2.58%
460.25
+15.75%
397.61
Receivables
119.95
+32.23%
90.71
+18.68%
76.44
+23.05%
62.12
Accounts Receivable
119.95
+32.23%
90.71
+18.68%
76.44
+23.05%
62.12
Prepaid Assets
—
—
—
18.60
Current Deferred Assets
22.26
+35.19%
16.46
+44.71%
11.38
+40.43%
8.10
Other Current Assets
26.39
+31.67%
20.04
+54.46%
12.98
-30.25%
18.60
Total Non Current Assets
468.37
-2.56%
480.68
+47.11%
326.75
-3.67%
339.20
Net PPE
17.60
-11.43%
19.87
-31.69%
29.09
-10.83%
32.62
Gross PPE
33.41
-1.44%
33.90
-16.62%
40.66
-1.98%
41.48
Accumulated Depreciation
-15.81
-12.70%
-14.03
-21.28%
-11.57
-30.61%
-8.86
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
15.44
+11.96%
13.79
+13.36%
12.16
+9.28%
11.13
Other Properties
12.06
-15.06%
14.20
-36.67%
22.43
-8.84%
24.60
Leases
5.91
+0.02%
5.91
-2.60%
6.07
+5.58%
5.75
Goodwill And Other Intangible Assets
411.42
-4.84%
432.34
+57.95%
273.72
-4.12%
285.50
Goodwill
371.51
+0.00%
371.51
+49.83%
247.96
+0.00%
247.96
Other Intangible Assets
39.91
-34.39%
60.83
+136.05%
25.77
-31.37%
37.54
Non Current Deferred Assets
34.30
+37.06%
25.03
+38.80%
18.03
+33.56%
13.50
Other Non Current Assets
5.04
+46.51%
3.44
-41.76%
5.91
-21.99%
7.58
Total Liabilities Net Minority Interest
453.93
+27.37%
356.38
+21.45%
293.43
+19.06%
246.45
Current Liabilities
407.52
+28.35%
317.51
+21.11%
262.18
+25.10%
209.57
Payables And Accrued Expenses
41.47
+39.77%
29.67
+7.43%
27.62
+21.01%
22.82
Payables
14.17
+33.05%
10.65
-37.25%
16.97
+14.15%
14.87
Accounts Payable
14.17
+33.05%
10.65
-37.25%
16.97
+14.15%
14.87
Current Accrued Expenses
27.30
+43.53%
19.02
+78.63%
10.65
+33.85%
7.96
Pensionand Other Post Retirement Benefit Plans Current
50.67
+54.18%
32.86
+30.58%
25.17
+20.46%
20.89
Total Tax Payable
—
—
—
—
Current Debt And Capital Lease Obligation
5.78
-25.84%
7.79
-5.78%
8.27
+15.98%
7.13
Current Capital Lease Obligation
5.78
-25.84%
7.79
-5.78%
8.27
+15.98%
7.13
Current Deferred Liabilities
309.60
+25.25%
247.19
+22.91%
201.12
+26.71%
158.72
Current Deferred Revenue
309.60
+25.25%
247.19
+22.91%
201.12
+26.71%
158.72
Total Non Current Liabilities Net Minority Interest
46.41
+19.41%
38.87
+24.34%
31.26
-15.23%
36.88
Long Term Debt And Capital Lease Obligation
6.68
+7.99%
6.18
-55.70%
13.95
-17.08%
16.83
Long Term Capital Lease Obligation
6.68
+7.99%
6.18
-55.70%
13.95
-17.08%
16.83
Non Current Deferred Liabilities
32.40
+19.73%
27.06
+108.36%
12.99
-23.56%
16.99
Non Current Deferred Revenue
32.40
+19.73%
27.06
+108.36%
12.99
-23.56%
16.99
Other Non Current Liabilities
7.33
+30.39%
5.62
+30.25%
4.32
+41.22%
3.06
Stockholders Equity
887.45
+14.73%
773.53
+13.90%
679.12
+8.70%
624.77
Common Stock Equity
887.45
+14.73%
773.53
+13.90%
679.12
+8.70%
624.77
Capital Stock
0.34
+6.35%
0.32
+6.06%
0.30
+4.95%
0.28
Common Stock
0.34
+6.35%
0.32
+6.06%
0.30
+4.95%
0.28
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
119.62
+6.08%
112.75
+6.26%
106.11
+5.16%
100.91
Ordinary Shares Number
119.62
+6.08%
112.75
+6.26%
106.11
+5.16%
100.91
Additional Paid In Capital
1,312.83
+15.95%
1,132.22
+16.94%
968.25
+13.05%
856.44
Retained Earnings
-431.49
-19.97%
-359.67
-23.84%
-290.43
-26.73%
-229.18
Gains Losses Not Affecting Retained Earnings
5.77
+780.31%
0.66
-35.34%
1.01
+136.54%
-2.77
Other Equity Adjustments
5.77
+780.31%
0.66
-35.34%
1.01
+136.54%
-2.77
Total Equity Gross Minority Interest
887.45
+14.73%
773.53
+13.90%
679.12
+8.70%
624.77
Total Capitalization
887.45
+14.73%
773.53
+13.90%
679.12
+8.70%
624.77
Working Capital
465.49
+40.33%
331.71
-13.53%
383.63
+18.97%
322.45
Invested Capital
887.45
+14.73%
773.53
+13.90%
679.12
+8.70%
624.77
Total Debt
12.46
-10.88%
13.98
-37.12%
22.23
-7.24%
23.96
Capital Lease Obligations
12.46
-10.88%
13.98
-37.12%
22.23
-7.24%
23.96
Net Tangible Assets
476.03
+39.52%
341.19
-15.84%
405.40
+19.49%
339.27
Tangible Book Value
476.03
+39.52%
341.19
-15.84%
405.40
+19.49%
339.27
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
145.73
+31.38%
110.92
+49.58%
74.16
+246.11%
21.43
Cash Flow From Continuing Operating Activities
145.73
+31.38%
110.92
+49.58%
74.16
+246.11%
21.43
Net Income From Continuing Operations
-71.82
-3.73%
-69.24
-13.03%
-61.26
+32.08%
-90.18
Depreciation Amortization Depletion
24.50
+14.18%
21.46
+40.23%
15.30
+4.42%
14.65
Depreciation And Amortization
24.50
+14.18%
21.46
+40.23%
15.30
+4.42%
14.65
Other Non Cash Items
8.97
+6.97%
8.39
-0.80%
8.46
+14.95%
7.36
Stock Based Compensation
156.66
+19.49%
131.11
+37.76%
95.17
+38.61%
68.66
Operating Gains Losses
-0.82
-227.57%
0.64
+252.49%
-0.42
-123.40%
1.80
Net Foreign Currency Exchange Gain Loss
-0.82
-227.57%
0.64
+252.49%
-0.42
-123.40%
1.80
Change In Working Capital
33.47
+33.20%
25.13
+7.82%
23.31
+38.87%
16.78
Change In Receivables
-29.33
-117.05%
-13.51
+4.23%
-14.11
-26.13%
-11.19
Changes In Account Receivables
-29.33
-117.05%
-13.51
+4.23%
-14.11
-26.13%
-11.19
Change In Prepaid Assets
-5.49
+29.79%
-7.82
-461.75%
2.16
-76.72%
9.29
Change In Payables And Accrued Expense
24.39
+274.01%
6.52
-47.34%
12.39
+95.24%
6.34
Change In Accrued Expense
20.77
+50.12%
13.84
+29.57%
10.68
+376.40%
2.24
Change In Payable
3.62
+149.45%
-7.32
-529.15%
1.71
-58.43%
4.10
Change In Account Payable
3.62
+149.45%
-7.32
-529.15%
1.71
-58.43%
4.10
Change In Other Working Capital
52.69
+9.66%
48.05
+57.10%
30.58
+42.93%
21.40
Change In Other Current Liabilities
-8.79
-8.41%
-8.11
-5.07%
-7.72
+14.82%
-9.06
Investing Cash Flow
-152.27
+7.92%
-165.36
-209.22%
-53.48
-0.26%
-53.34
Cash Flow From Continuing Investing Activities
-152.27
+7.92%
-165.36
-209.22%
-53.48
-0.26%
-53.34
Net PPE Purchase And Sale
-3.46
-10.09%
-3.14
-58.58%
-1.98
+54.21%
-4.33
Purchase Of PPE
-3.46
-10.09%
-3.14
-58.58%
-1.98
+54.21%
-4.33
Capital Expenditure
-3.46
-10.09%
-3.14
-58.58%
-1.98
+57.17%
-4.63
Net Investment Purchase And Sale
-148.81
-2606.09%
-5.50
+89.32%
-51.49
-6.11%
-48.53
Purchase Of Investment
-625.87
-21.86%
-513.59
-30.88%
-392.41
+4.58%
-411.24
Sale Of Investment
477.06
-6.11%
508.09
+49.04%
340.91
-6.01%
362.71
Net Business Purchase And Sale
0.00
+100.00%
-156.71
0.00
+100.00%
-0.18
Purchase Of Business
0.00
+100.00%
-156.71
0.00
+100.00%
-0.18
Net Intangibles Purchase And Sale
—
0.00
0.00
+100.00%
-0.30
Purchase Of Intangibles
—
0.00
0.00
+100.00%
-0.30
Financing Cash Flow
31.21
+47.00%
21.23
+15.57%
18.37
+66.60%
11.03
Cash Flow From Continuing Financing Activities
31.21
+47.00%
21.23
+15.57%
18.37
+66.60%
11.03
Net Common Stock Issuance
—
—
—
0.00
Proceeds From Stock Option Exercised
23.97
+25.53%
19.10
+14.69%
16.65
+50.03%
11.10
Net Other Financing Charges
7.24
+239.02%
2.13
+24.06%
1.72
+2523.94%
-0.07
Changes In Cash
24.67
+174.31%
-33.20
-185.02%
39.05
+286.97%
-20.89
Effect Of Exchange Rate Changes
1.25
+232.03%
-0.95
-890.83%
0.12
+105.86%
-2.05
Beginning Cash Position
50.63
-40.28%
84.78
+85.89%
45.61
-33.46%
68.54
End Cash Position
76.55
+51.21%
50.63
-40.28%
84.78
+85.89%
45.61
Free Cash Flow
142.27
+32.00%
107.78
+49.34%
72.17
+329.68%
16.80
Income Tax Paid Supplemental Data
7.94
+87.36%
4.24
-15.17%
5.00
+192.45%
1.71
Amortization Of Securities
-5.24
+20.19%
-6.57
-2.51%
-6.41
-372.09%
2.35
Common Stock Issuance
—
—
—
0.00
Issuance Of Capital Stock
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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