NASDAQ · Financial Statements

JFrog Ltd. (FROG) Financial Statements

$100.62 NASDAQ: FROG Market Cap $12.19B

JFrog Ltd. most recently reported annual revenue of $532.0M, a net loss of $72.0M. Revenue grew at an average annual rate of 28.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

JFrog Ltd.: Revenue rose from $64.0M in 2018 to $532.0M in 2025, a change of +731.3% over 7 years; net profit was positive in 0 of 8 reported years; operating margin moved from -42.3% to -16.9%, a shift of +25.4 percentage points; the most recent year shows a net loss of $72.0M.

Income Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Revenue$64.0M$105.0M$151.0M$207.0M$280.0M$350.0M$428.0M$532.0M
Operating Expenses$90.0M$112.0M$165.0M$275.0M$370.0M$425.0M$518.0M$622.0M
Operating Profit$-27.0M$-7.0M$-14.0M$-68.0M$-90.0M$-75.0M$-89.0M$-90.0M
Operating Margin-42.3%-6.6%-9.4%-33.1%-32.1%-21.5%-20.8%-16.9%
Other Income$1.0M$3.0M$2.0M$1.0M$5.0M$21.0M$23.0M$24.0M
Interest$0$0$0$0$0$0$0$0
Depreciation$1.0M$3.0M$4.0M$9.0M$15.0M$15.0M$21.0M$25.0M
Profit Before Tax$-26.0M$-4.0M$-12.0M$-68.0M$-85.0M$-55.0M$-66.0M$-66.0M
Tax$-1.8M$-43.2M$22.6M$5.1M$-6.4M$-12.4M$-5.2M$-8.8M
Net Profit$-26.0M$-5.0M$-9.0M$-64.0M$-90.0M$-61.0M$-69.0M$-72.0M
EPS$-0.32$-0.07$-0.20$-0.68$-0.91$-0.59$-0.63$-0.62
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$89.0M$97.0M$100.0M$103.0M$109.0M$116.0M$122.0M$127.0M$137.0M$145.0M$154.0M$164.0M
Operating Expenses$107.0M$113.0M$117.0M$122.0M$139.0M$141.0M$145.0M$153.0M$158.0M$165.0M$167.0M$177.0M
Operating Profit$-18.0M$-15.0M$-17.0M$-19.0M$-30.0M$-25.0M$-23.0M$-25.0M$-22.0M$-19.0M$-13.0M$-13.0M
Operating Margin-20.4%-15.8%-16.6%-18.6%-27.4%-21.9%-18.8%-20.0%-15.8%-13.3%-8.4%-8.1%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-12.0M$-9.0M$-10.0M$-12.0M$-24.0M$-20.0M$-17.0M$-20.0M$-15.0M$-14.0M$-6.0M$-6.0M
Tax$-11.6M$-25.3M$8.0M$-17.0M$5.2M$-17.0M$-8.8M$-10.2M$-10.2M$-5.2M$-43.0M$25.4M
Net Profit$-14.0M$-11.0M$-9.0M$-14.0M$-23.0M$-23.0M$-19.0M$-22.0M$-16.0M$-15.0M$-8.0M$-4.0M
EPS$-0.13$-0.11$-0.08$-0.13$-0.21$-0.21$-0.16$-0.19$-0.14$-0.13$-0.07$-0.03

Over the 8 years reported for JFrog Ltd., cash stood at $77.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.09 times.

Balance Sheet — 8 Years (USD millions)

Metric20182019202020212022202320242025
Total Assets$217.0M$238.0M$689.0M$853.0M$871.0M$973.0M$1.1B$1.3B
Current Assets$202.0M$199.0M$653.0M$499.0M$532.0M$646.0M$649.0M$851.0M
Cash$178.0M$39.0M$164.0M$68.0M$46.0M$85.0M$51.0M$77.0M
Inventory$0$0$0$0$0$0$0$0
Receivables$20.0M$25.0M$37.0M$50.0M$62.0M$76.0M$91.0M$120.0M
Fixed Assets$3.0M$4.0M$5.0M$33.0M$33.0M$29.0M$20.0M$18.0M
Capital Work in Progress$0$0$0$0$0$0$0$0
Investments$2.0M$129.0M$434.0M$353.0M$398.0M$460.0M$472.0M$629.0M
Other Assets$2.0M$17.0M$17.0M$248.0M$248.0M$248.0M$372.0M$372.0M
Total Liabilities$256.0M$271.0M$135.0M$214.0M$246.0M$293.0M$356.0M$454.0M
Current Liabilities$62.0M$86.0M$123.0M$175.0M$210.0M$262.0M$318.0M$408.0M
Borrowings$0$0$0$47.0M$41.0M$36.0M$20.0M$19.0M
Other Liabilities$256.0M$271.0M$135.0M$167.0M$206.0M$257.0M$336.0M$435.0M
Equity$0$0$0$0$0$0$0$0
Reserves$-39.0M$-33.0M$554.0M$639.0M$625.0M$679.0M$774.0M$887.0M

For JFrog Ltd., operating cash flow was positive in 8 of 8 reported years; free cash flow in the latest year was $142.0M; free cash flow was positive in 8 of 8 years.

Cash Flow Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Operating Cash Flow$9.0M$10.0M$29.0M$28.0M$21.0M$74.0M$111.0M$146.0M
Investing Cash Flow$-7.0M$-151.0M$-315.0M$-130.0M$-58.0M$-55.0M$-168.0M$-156.0M
Financing Cash Flow$0$1.0M$13.0M$-8.0M$0$2.0M$2.0M$19.0M
Net Cash Flow$120.0M$-139.0M$124.0M$-96.0M$-23.0M$39.0M$-34.0M$26.0M
Free Cash Flow$5.0M$8.0M$26.0M$24.0M$17.0M$72.0M$108.0M$142.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-3.25
EV / EBITDA-637.63
FCF Yield1.44%
Quick Ratio2.14
Interest Coverage—
Return 1Y113.65%
Return 3Y322.96%
Return 5Y196.99%

JFrog Ltd. (FROG) financials — frequently asked questions

What is JFrog Ltd.'s annual revenue?

JFrog Ltd. (FROG) reported annual revenue of $532.0M in its most recent fiscal year.

What is JFrog Ltd.'s net profit?

JFrog Ltd. (FROG) reported a net loss of $72.0M in its most recent fiscal year.

What is FROG EV/EBITDA?

JFrog Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is -637.63. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.