FROG
JFrog Ltd
Next earnings Aug 5, 2026 · consensus $0.25 EPS, $159M rev
Last earnings +6.0% on 2026-05-07
$94.81
▲ +5.24%$94.81▲ +115.94%
over 1Y
L $34.75H $94.81
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+5.2%
1W+20.3%
1M+7.7%
3M+87.3%
YTD+59.2%
1Y+115.9%
Buy
Conviction
Horizon
Long (>12mo)
Street · 29 analysts
Buy
Software-supply-chain SaaS growing 24% at a 76.8% gross margin and $146M operating cash flow — GAAP loss is stock-comp, not cash.
Revenue $532M · FY2025
JFrog runs the leading DevOps/software-supply-chain platform (artifact management and increasingly security), and its FY2025 fundamentals show the classic high-quality SaaS profile. Revenue grew 24.1% to $532M with a 76.8% gross margin, and crucially the business is strongly cash-generative: operating cash flow rose 31.4% to $146M on negligible capex ($3.46M). The -$71.8M GAAP net loss is characteristic of a scaling software company carrying heavy stock-based compensation — the cash economics are clearly positive and improving, and revenue has nearly tripled from $207M in FY2021.
The balance sheet is clean and low-risk: $887M equity, just 0.51x liabilities/equity, and no meaningful debt, with cash up 52% to $75.8M plus a large current-asset base ($873M). R&D investment of $195M (+21%) keeps the product moving toward higher-value security and AI/ML model-management use cases, which expand the platform's wallet share.
Is FROG a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $207M | $280M | $350M | $428M | $532M |
| Gross profit | $165M | $218M | $273M | $330M | $408M |
| Operating income | -$68.4M | -$89.8M | -$75.5M | -$91.1M | -$91.9M |
| Net income | -$64.2M | -$90.2M | -$61.3M | -$69.2M | -$71.8M |
| Diluted EPS | -$0.68 | -$0.91 | -$0.59 | -$0.63 | -$0.62 |
| Net margin | -31.1% | -32.2% | -17.5% | -16.2% | -13.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$11.4B
EV / EBITDA—
EV / Sales21.4
EV / FCF80.2
P / FCF80.7
PEG (trailing)—
Earnings yield-0.6%
FCF yield1.2%
Quality & risk
ROIC (est.)-8.2%
Free cash flow$142M
Total debt—
Net cash$75.8M
Altman Z-Score15.32 safe
Piotroski F-Score5/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+6.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-07-012026-07-02open ↗4Period ending 2026-07-012026-07-02open ↗144Filing2026-07-01open ↗4Period ending 2026-06-292026-07-01open ↗4Period ending 2026-06-292026-07-01open ↗144Filing2026-06-29open ↗4Period ending 2026-06-122026-06-16open ↗144Filing2026-06-12open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-052026-06-09open ↗
Frequently asked
- Is JFrog Ltd (FROG) a buy?
- FROG currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Software-supply-chain SaaS growing 24% at a 76.8% gross margin and $146M operating cash flow — GAAP loss is stock-comp, not cash.
- What is JFrog Ltd's quality score?
- FROG scores 48.86921411921412/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001800667, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 6/21/2026, 8:49:27 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:49 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.