JFrog (FROG) Financials

$64.62 +0.45 (+0.69%)

As of 03:43 PM Eastern

Annual Income Statements for JFrog

This table shows JFrog's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-26	-5.39	-9.41	-64	-90	-61	-69	-72
Consolidated Net Income / (Loss)	-26	-5.39	-9.41	-64	-90	-61	-69	-72
Net Income / (Loss) Continuing Operations	-26	-5.39	-9.41	-64	-90	-61	-69	-72
Total Pre-Tax Income	-26	-3.77	-12	-68	-85	-55	-66	-66
Total Operating Income	-27	-6.94	-14	-68	-90	-76	-91	-92
Total Gross Profit	53	85	122	165	218	273	330	408
Total Revenue	64	105	151	207	280	350	428	532
Operating Revenue	64	105	151	207	280	350	428	532
Total Cost of Revenue	11	20	28	42	62	77	98	123
Operating Cost of Revenue	11	20	28	42	62	77	98	123
Total Operating Expenses	80	92	137	233	308	348	421	500
Selling, General & Admin Expense	19	18	35	57	56	63	70	81
Marketing Expense	35	44	61	97	131	151	190	224
Research & Development Expense	26	30	41	80	121	135	161	195
Total Other Income / (Expense), net	1.31	3.17	2.05	0.74	5.09	21	25	26
Other Income / (Expense), net	1.31	3.17	2.05	0.74	5.09	21	25	26
Income Tax Expense	0.47	1.63	-2.74	-3.42	5.44	6.74	3.42	5.78
Basic Earnings per Share	($1.00)	($0.20)	($0.20)	($0.68)	($0.91)	($0.59)	($0.63)	($0.62)
Weighted Average Basic Shares Outstanding	26.10M	27.13M	46.49M	94.78M	99.24M	103.32M	109.69M	116.20M
Diluted Earnings per Share	($1.00)	($0.20)	($0.20)	($0.68)	($0.91)	($0.59)	($0.63)	($0.62)
Weighted Average Diluted Shares Outstanding	26.10M	27.13M	46.49M	94.78M	99.24M	103.32M	109.69M	116.20M
Weighted Average Basic & Diluted Shares Outstanding	26.10M	27.13M	46.49M	94.78M	100.95M	106.31M	112.88M	119.63M
Cash Dividends to Common per Share	-	-	$0.00	$0.00	-	-	$0.00	$0.00

This table shows JFrog's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-14	-11	-8.79	-14	-23	-23	-19	-22	-16	-15	-8.27
Consolidated Net Income / (Loss)	-14	-11	-8.79	-14	-23	-23	-19	-22	-16	-15	-8.27
Net Income / (Loss) Continuing Operations	-14	-11	-8.79	-14	-23	-23	-19	-22	-16	-15	-8.27
Total Pre-Tax Income	-12	-8.97	-9.55	-12	-24	-20	-17	-20	-15	-14	-5.78
Total Operating Income	-18	-15	-17	-19	-30	-25	-23	-26	-22	-21	-13
Total Gross Profit	69	77	80	81	82	88	92	97	106	113	120
Total Revenue	89	97	100	103	109	116	122	127	137	145	154
Operating Revenue	89	97	100	103	109	116	122	127	137	145	154
Total Cost of Revenue	20	20	21	22	27	29	30	30	31	32	34
Operating Cost of Revenue	20	20	21	22	27	29	30	30	31	32	34
Total Operating Expenses	87	92	96	100	112	113	115	123	128	134	133
Selling, General & Admin Expense	16	18	17	17	18	18	19	20	20	22	24
Marketing Expense	38	41	44	46	51	50	53	55	56	60	58
Research & Development Expense	33	33	36	37	43	45	43	47	51	53	52
Total Other Income / (Expense), net	5.73	6.41	7.09	6.90	5.71	5.59	5.97	6.31	6.68	6.87	7.15
Other Income / (Expense), net	5.73	6.41	7.09	6.90	5.71	5.59	5.97	6.31	6.68	6.87	7.15
Income Tax Expense	1.43	2.27	-0.76	2.07	-1.27	3.37	1.50	2.01	1.52	0.76	2.49
Basic Earnings per Share	($0.13)	($0.10)	($0.08)	($0.13)	($0.21)	($0.21)	($0.16)	($0.19)	($0.14)	($0.13)	($0.07)
Weighted Average Basic Shares Outstanding	104.13M	103.32M	107.03M	108.94M	110.77M	109.69M	113.45M	115.25M	117.26M	116.20M	120.16M
Diluted Earnings per Share	($0.13)	($0.10)	($0.08)	($0.13)	($0.21)	($0.21)	($0.16)	($0.19)	($0.14)	($0.13)	($0.07)
Weighted Average Diluted Shares Outstanding	104.13M	103.32M	107.03M	108.94M	110.77M	109.69M	113.45M	115.25M	117.26M	116.20M	120.16M
Weighted Average Basic & Diluted Shares Outstanding	104.89M	106.31M	108.42M	110.42M	111.56M	112.88M	114.57M	116.74M	118.31M	119.63M	121.12M

This table details how cash moves in and out of JFrog's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	120	-139	124	-96	-23	39	-34	26
Net Cash From Operating Activities	8.56	10	29	28	21	74	111	146
Net Cash From Continuing Operating Activities	8.56	10	29	28	21	74	111	146
Net Income / (Loss) Continuing Operations	-26	-5.39	-9.41	-64	-90	-61	-69	-72
Consolidated Net Income / (Loss)	-26	-5.39	-9.41	-64	-90	-61	-69	-72
Depreciation Expense	1.12	2.81	3.66	8.75	15	15	21	25
Amortization Expense	0.00	-0.37	1.91	5.52	2.35	-6.41	-6.57	-5.24
Non-Cash Adjustments To Reconcile Net Income	20	9.37	24	63	78	103	140	165
Changes in Operating Assets and Liabilities, net	13	3.59	9.45	15	17	23	25	33
Net Cash From Investing Activities	-3.08	-150	-312	-126	-53	-53	-165	-152
Net Cash From Continuing Investing Activities	-3.08	-150	-312	-126	-53	-53	-165	-152
Purchase of Property, Plant & Equipment	-2.08	-1.80	-3.52	-4.23	-4.33	-1.98	-3.14	-3.46
Acquisitions	-1.00	-21	0.00	-196	-0.48	0.00	-157	0.00
Purchase of Investments	0.00	-203	-451	-266	-411	-392	-514	-626
Sale and/or Maturity of Investments	0.00	77	142	341	363	341	508	477
Net Cash From Financing Activities	114	0.74	406	1.44	11	18	21	31
Net Cash From Continuing Financing Activities	114	0.74	406	1.44	11	18	21	31
Issuance of Common Equity	0.00	-0.19	393	3.09	5.18	6.67	8.74	12
Other Financing Activities, net	0.52	0.93	13	-1.65	5.85	12	12	19
Effect of Exchange Rate Changes	-	-	0.00	0.00	-2.05	0.12	-0.95	1.25

This table details how cash moves in and out of JFrog's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	14	24	-13	147	-155	-12	-5.52	6.93	27	-2.56	-15
Net Cash From Operating Activities	26	33	17	17	28	49	29	36	30	51	38
Net Cash From Continuing Operating Activities	26	33	17	17	28	49	29	36	30	51	38
Net Income / (Loss) Continuing Operations	-14	-11	-8.79	-14	-23	-23	-19	-22	-16	-15	-8.27
Consolidated Net Income / (Loss)	-14	-11	-8.79	-14	-23	-23	-19	-22	-16	-15	-8.27
Depreciation Expense	3.84	3.79	3.80	3.83	6.98	6.86	6.71	6.56	5.66	5.57	5.56
Amortization Expense	-1.72	-1.82	-2.01	-1.74	-1.39	-1.43	-1.56	-1.47	-1.17	-1.04	-0.92
Non-Cash Adjustments To Reconcile Net Income	28	31	30	31	39	41	39	40	43	43	42
Changes in Operating Assets and Liabilities, net	10	11	-5.18	-1.96	6.49	26	3.26	13	-0.58	18	0.37
Net Cash From Investing Activities	-16	-16	-47	135	-188	-66	-46	-40	-11	-56	-53
Net Cash From Continuing Investing Activities	-16	-16	-47	135	-188	-66	-46	-40	-11	-56	-53
Purchase of Property, Plant & Equipment	-0.59	-0.62	-0.84	-0.73	-0.94	-0.63	-0.65	-0.63	-1.35	-0.84	-1.07
Purchase of Investments	-99	-89	-165	-91	-124	-134	-149	-135	-159	-183	-166
Sale and/or Maturity of Investments	84	74	119	227	93	69	104	96	149	128	114
Net Cash From Financing Activities	4.08	6.61	17	-4.67	4.90	4.41	12	9.59	8.09	2.02	-0.15
Net Cash From Continuing Financing Activities	4.08	6.61	17	-4.67	4.90	4.41	12	9.59	8.09	2.02	-0.15
Issuance of Common Equity	3.17	-	4.49	-	4.25	-	6.29	-	5.62	-	8.16
Other Financing Activities, net	0.92	6.61	12	-4.67	0.65	4.41	5.21	9.59	2.47	2.02	-8.31
Effect of Exchange Rate Changes	-0.12	0.23	-0.52	-0.29	0.12	-0.25	-0.03	0.80	0.26	0.23	-0.00

This table presents JFrog's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	238	689	853	871	973	1,130	1,341
Total Current Assets	199	653	499	532	646	649	873
Cash & Equivalents	39	164	68	46	85	50	76
Short-Term Investments	127	434	353	398	460	472	629
Accounts Receivable	25	37	50	62	76	91	120
Prepaid Expenses	5.36	14	22	19	13	20	26
Other Current Assets	2.35	3.25	5.27	8.10	11	16	22
Plant, Property, & Equipment, net	3.53	4.96	6.69	8.02	6.66	5.67	5.54
Total Noncurrent Assets	36	32	347	331	320	475	463
Goodwill	17	17	248	248	248	372	372
Intangible Assets	5.61	4.05	48	38	26	61	40
Other Noncurrent Operating Assets	13	10	51	46	46	43	51
Total Liabilities & Shareholders' Equity	238	689	853	871	973	1,130	1,341
Total Liabilities	96	135	214	246	293	356	454
Total Current Liabilities	86	123	175	210	262	318	408
Accounts Payable	13	31	39	15	17	11	14
Accrued Expenses	-	-	-	29	36	52	78
Current Deferred Revenue	73	92	129	159	201	247	310
Other Current Liabilities	-	0.00	7.29	7.13	8.27	7.79	5.78
Total Noncurrent Liabilities	9.63	13	39	37	31	39	46
Noncurrent Deferred Revenue	9.63	11	18	17	13	27	32
Other Noncurrent Operating Liabilities	0.00	1.55	21	20	18	12	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-33	554	639	625	679	774	887
Total Preferred & Common Equity	-33	554	639	625	679	774	887
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-33	554	639	625	679	774	887
Common Stock	32	628	777	857	969	1,133	1,313
Retained Earnings	-65	-75	-139	-229	-290	-360	-431
Accumulated Other Comprehensive Income / (Loss)	0.04	0.37	0.61	-2.77	1.01	0.66	5.77

This table presents JFrog's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	853	879	895	920	997	1,021	1,081	1,156	1,208	1,266	1,373
Total Current Assets	509	540	558	587	676	703	593	682	737	800	905
Cash & Equivalents	54	40	47	61	71	218	62	44	51	78	61
Short-Term Investments	380	407	423	441	508	373	406	519	560	573	680
Accounts Receivable	49	63	62	61	67	82	93	84	83	104	114
Prepaid Expenses	19	21	17	14	18	17	18	17	24	25	27
Other Current Assets	7.39	8.57	9.06	10	12	13	15	17	18	20	23
Plant, Property, & Equipment, net	8.05	7.48	7.03	6.58	6.47	6.53	6.05	5.54	5.72	5.69	6.50
Total Noncurrent Assets	336	331	330	326	315	311	481	469	465	460	462
Goodwill	248	248	248	248	248	248	371	372	372	372	372
Intangible Assets	41	35	32	29	23	20	67	55	49	45	35
Other Noncurrent Operating Assets	47	49	50	49	44	43	43	42	44	44	55
Total Liabilities & Shareholders' Equity	853	879	895	920	997	1,021	1,081	1,156	1,208	1,266	1,373
Total Liabilities	228	250	259	267	289	300	325	356	382	406	449
Total Current Liabilities	192	214	224	234	260	270	292	319	347	368	400
Accounts Payable	42	14	13	15	14	16	16	10	11	17	17
Accrued Expenses	-	29	32	32	40	40	44	51	68	62	67
Current Deferred Revenue	143	163	171	179	198	206	224	250	260	281	311
Other Current Liabilities	6.93	7.45	8.27	8.16	8.14	8.11	8.15	7.38	7.48	7.06	5.22
Total Noncurrent Liabilities	35	36	35	32	29	30	32	37	35	39	49
Noncurrent Deferred Revenue	17	16	13	12	13	16	20	25	22	28	30
Other Noncurrent Operating Liabilities	19	21	22	20	16	14	12	12	13	11	19
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	625	629	636	653	708	721	756	800	826	859	924
Total Preferred & Common Equity	625	629	636	653	708	721	756	800	826	859	924
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	625	629	636	653	708	721	756	800	826	859	924
Common Stock	835	881	905	936	1,007	1,037	1,092	1,179	1,221	1,270	1,362
Retained Earnings	-206	-250	-265	-279	-299	-314	-336	-378	-400	-416	-440
Accumulated Other Comprehensive Income / (Loss)	-4.24	-2.37	-3.48	-3.44	-0.14	-1.73	0.45	-1.22	5.74	5.55	2.25

This table displays calculated financial ratios and metrics derived from JFrog's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	64.82%	44.03%	37.03%	35.49%	24.94%	22.47%	24.12%
EBITDA Growth	0.00%	94.55%	-394.89%	-710.65%	-26.95%	32.65%	-11.64%	8.15%
EBIT Growth	0.00%	85.26%	-222.54%	-456.72%	-25.32%	35.67%	-20.74%	-0.33%
NOPAT Growth	0.00%	74.17%	-104.58%	-381.74%	-31.40%	15.91%	-20.58%	-0.83%
Net Income Growth	0.00%	79.27%	-74.36%	-582.65%	-40.47%	32.08%	-13.03%	-3.73%
EPS Growth	0.00%	80.00%	0.00%	-240.00%	-33.82%	35.16%	-6.78%	1.59%
Operating Cash Flow Growth	0.00%	16.84%	194.46%	-5.28%	-23.21%	246.11%	49.58%	31.38%
Free Cash Flow Firm Growth	0.00%	0.00%	-47.14%	-3,147.02%	91.27%	79.92%	-3,240.49%	102.31%
Invested Capital Growth	0.00%	0.00%	-83.47%	592.40%	-16.50%	-26.14%	87.54%	-27.23%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.70%	6.59%	6.29%	4.59%	5.82%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-29.98%	-1.14%	20.44%	-17.03%	8.74%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-28.71%	0.79%	19.19%	-19.76%	7.53%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-27.10%	-2.56%	11.14%	-12.38%	4.27%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-41.97%	-0.51%	16.29%	-20.89%	10.01%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-61.90%	1.09%	18.06%	-21.15%	11.43%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	38.65%	21.01%	-32.57%	51.72%	17.51%	1.09%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-160.33%	72.21%	6.73%	-67.52%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-10.09%	-4.89%	-11.14%	-12.79%	-12.16%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	83.14%	80.87%	81.14%	79.76%	77.76%	77.98%	77.06%	76.79%
EBITDA Margin	-38.45%	-1.27%	-4.36%	-25.82%	-24.19%	-13.04%	-11.89%	-8.79%
Operating Margin	-42.27%	-6.62%	-9.41%	-33.08%	-32.08%	-21.59%	-21.26%	-17.27%
EBIT Margin	-40.21%	-3.60%	-8.05%	-32.72%	-30.26%	-15.58%	-15.36%	-12.42%
Profit (Net Income) Margin	-40.95%	-5.15%	-6.24%	-31.06%	-32.20%	-17.51%	-16.16%	-13.50%
Tax Burden Percent	101.84%	143.23%	77.43%	94.94%	106.42%	112.36%	105.19%	108.76%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	-55.23%	-31.52%	-33.50%	-33.07%	-29.59%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	-52.03%	-25.20%	-31.81%	-32.05%	-28.37%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	44.47%	17.24%	24.11%	23.54%	20.94%
Return on Equity (ROE)	0.00%	-3.79%	-2.70%	-10.77%	-14.28%	-9.40%	-9.53%	-8.65%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-142.32%	-13.54%	-3.44%	-93.96%	1.93%
Operating Return on Assets (OROA)	0.00%	-1.58%	-2.62%	-8.77%	-9.83%	-5.91%	-6.26%	-5.34%
Return on Assets (ROA)	0.00%	-2.27%	-2.03%	-8.33%	-10.46%	-6.64%	-6.59%	-5.81%
Return on Common Equity (ROCE)	0.00%	0.89%	-2.02%	-10.77%	-14.28%	-9.40%	-9.53%	-8.65%
Return on Equity Simple (ROE_SIMPLE)	0.00%	16.13%	-1.70%	-10.05%	-14.43%	-9.02%	-8.95%	0.00%
Net Operating Profit after Tax (NOPAT)	-19	-4.86	-9.93	-48	-63	-53	-64	-64
NOPAT Margin	-29.59%	-4.64%	-6.59%	-23.16%	-22.46%	-15.11%	-14.88%	-12.09%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.65%	0.14%	-3.21%	-6.32%	-1.69%	-1.02%	-1.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-10.07%	-7.79%	-8.24%	-7.25%
Cost of Revenue to Revenue	16.86%	19.13%	18.86%	20.24%	22.24%	22.02%	22.94%	23.21%
SG&A Expenses to Revenue	29.66%	17.00%	22.89%	27.42%	19.84%	18.04%	16.34%	15.27%
R&D to Revenue	40.71%	28.39%	27.26%	38.52%	43.29%	38.47%	37.54%	36.68%
Operating Expenses to Revenue	125.41%	87.49%	90.55%	112.84%	109.84%	99.57%	98.32%	94.06%
Earnings before Interest and Taxes (EBIT)	-26	-3.77	-12	-68	-85	-55	-66	-66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-24	-1.33	-6.58	-53	-68	-46	-51	-47
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	10.34	4.48	3.42	5.35	4.24	8.33
Price to Tangible Book Value (P/TBV)	0.00	0.00	10.76	8.35	6.31	8.95	9.62	15.52
Price to Revenue (P/Rev)	8.01	4.86	37.99	13.85	7.64	10.38	7.66	13.89
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	11.23	9.34	23.00	10.97	36.53
Enterprise Value to Revenue (EV/Rev)	0.00	4.95	34.02	11.81	6.06	8.82	6.44	12.57
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	51.82	174.20	87.51	79.16	41.60	24.87	45.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	26.98	505.25	0.00	0.00	0.00	0.00	1,595.98
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-1.17	-1.10	-0.85	-0.68	-0.76	-0.73	-0.74
Leverage Ratio	0.00	1.67	1.33	1.29	1.36	1.41	1.45	1.49
Compound Leverage Factor	0.00	1.67	1.33	1.29	1.36	1.41	1.45	1.49
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	123.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-23.48%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	3.77	26.33	8.24	5.28	7.65	5.62	9.97
Noncontrolling Interest Sharing Ratio	0.00%	123.48%	25.25%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.31	5.32	2.85	2.54	2.46	2.04	2.14
Quick Ratio	0.00	2.22	5.18	2.69	2.41	2.37	1.93	2.02
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	19	10	-309	-27	-5.42	-181	4.19
Operating Cash Flow to CapEx	412.63%	554.85%	836.40%	659.93%	495.03%	3,741.42%	3,529.24%	4,211.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.44	0.33	0.27	0.32	0.38	0.41	0.43
Accounts Receivable Turnover	0.00	4.23	4.88	4.72	4.97	5.05	5.13	5.05
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	29.65	35.51	35.48	38.07	47.66	69.50	94.94
Accounts Payable Turnover	0.00	1.50	1.29	1.20	2.32	4.84	7.12	9.95
Days Sales Outstanding (DSO)	0.00	86.22	74.76	77.29	73.38	72.27	71.19	72.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	242.76	284.00	304.46	157.31	75.42	51.28	36.69
Cash Conversion Cycle (CCC)	0.00	-156.54	-209.25	-227.17	-83.93	-3.15	19.92	35.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	-24	-44	217	182	134	252	183
Invested Capital Turnover	0.00	-8.70	-4.42	2.39	1.40	2.22	2.22	2.45
Increase / (Decrease) in Invested Capital	0.00	-24	-20	262	-36	-47	117	-68
Enterprise Value (EV)	0.00	518	5,132	2,442	1,696	3,085	2,759	6,685
Market Capitalization	509	509	5,730	2,863	2,139	3,630	3,281	7,390
Book Value per Share	$0.00	($1.23)	$6.07	$6.62	$6.23	$6.47	$6.93	$7.50
Tangible Book Value per Share	$0.00	($2.08)	$5.84	$3.56	$3.38	$3.87	$3.06	$4.02
Total Capital	0.00	142	554	639	625	679	774	887
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-166	-598	-421	-443	-545	-522	-704
Capital Expenditures (CapEx)	2.08	1.80	3.52	4.23	4.33	1.98	3.14	3.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-54	-68	-97	-121	-161	-190	-239
Debt-free Net Working Capital (DFNWC)	0.00	113	530	324	322	384	332	465
Net Working Capital (NWC)	0.00	113	530	324	322	384	332	465
Net Nonoperating Expense (NNE)	7.22	0.54	-0.53	16	27	8.37	5.47	7.52
Net Nonoperating Obligations (NNO)	0.00	-166	-598	-421	-443	-545	-522	-704
Total Depreciation and Amortization (D&A)	1.12	2.44	5.57	14	17	8.90	15	19
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-51.14%	-45.21%	-47.11%	-43.12%	-46.12%	-44.41%	-44.92%
Debt-free Net Working Capital to Revenue	0.00%	107.84%	351.30%	156.64%	115.14%	109.64%	77.41%	87.52%
Net Working Capital to Revenue	0.00%	107.84%	351.30%	156.64%	115.14%	109.64%	77.41%	87.52%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.20)	($0.68)	($0.91)	($0.59)	($0.63)	($0.62)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	92.16M	97.38M	99.24M	103.32M	109.69M	116.20M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.20)	($0.68)	($0.91)	($0.59)	($0.63)	($0.62)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	92.16M	97.38M	99.24M	103.32M	109.69M	116.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($0.20)	($0.68)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	46.49M	94.78M	100.95M	106.31M	112.88M	119.63M
Normalized Net Operating Profit after Tax (NOPAT)	-19	-4.86	-9.93	-48	-63	-53	-64	-64
Normalized NOPAT Margin	-29.59%	-4.64%	-6.59%	-23.16%	-22.46%	-15.11%	-14.88%	-12.09%
Pre Tax Income Margin	-40.21%	-3.60%	-8.05%	-32.72%	-30.26%	-15.58%	-15.36%	-12.42%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from JFrog's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	119,628,931.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	119,628,931.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.12%	27.06%	25.67%	22.42%	23.04%	19.35%	22.03%	23.46%	25.54%	25.18%	25.79%
EBITDA Growth	42.53%	62.63%	53.44%	13.80%	-82.61%	-105.98%	-52.75%	-43.79%	44.06%	31.10%	90.37%
EBIT Growth	44.19%	59.09%	50.32%	12.72%	-96.60%	-121.11%	-78.08%	-60.81%	38.41%	27.10%	66.02%
NOPAT Growth	22.99%	38.12%	28.33%	-1.16%	-65.76%	-65.27%	-38.07%	-35.78%	27.84%	16.10%	43.70%
Net Income Growth	41.63%	51.49%	57.76%	7.53%	-66.91%	-106.52%	-110.50%	-51.54%	28.39%	34.43%	55.32%
EPS Growth	45.83%	56.52%	61.90%	13.33%	-61.54%	-110.00%	-100.00%	-46.15%	33.33%	38.10%	56.25%
Operating Cash Flow Growth	406.65%	345.62%	1,647.30%	-0.08%	6.39%	50.70%	64.82%	116.12%	9.11%	3.21%	33.22%
Free Cash Flow Firm Growth	-20.78%	98.53%	286.37%	41.73%	-679.09%	-468.43%	-396.71%	-555.10%	140.99%	139.62%	135.95%
Invested Capital Growth	-20.95%	-26.14%	-29.48%	-21.66%	91.11%	87.54%	84.52%	65.05%	-27.76%	-27.23%	-22.74%
Revenue Q/Q Growth	5.31%	9.73%	3.14%	2.72%	5.84%	6.44%	5.45%	3.93%	7.61%	6.13%	5.97%
EBITDA Q/Q Growth	13.32%	31.43%	-10.94%	-30.72%	-83.64%	22.65%	17.73%	-23.05%	28.56%	4.74%	88.50%
EBIT Q/Q Growth	12.09%	27.20%	-6.49%	-28.07%	-98.01%	18.12%	14.23%	-15.65%	24.17%	3.08%	60.02%
NOPAT Q/Q Growth	4.53%	14.80%	-8.18%	-14.97%	-56.43%	15.06%	9.62%	-13.06%	16.87%	1.24%	39.35%
Net Income Q/Q Growth	11.12%	18.29%	21.75%	-62.72%	-60.42%	-1.10%	20.24%	-17.14%	24.19%	7.43%	45.65%
EPS Q/Q Growth	13.33%	23.08%	20.00%	-62.50%	-61.54%	0.00%	23.81%	-18.75%	26.32%	7.14%	46.15%
Operating Cash Flow Q/Q Growth	55.48%	25.45%	-46.40%	-4.42%	65.54%	77.71%	-41.38%	25.33%	-16.43%	68.10%	-24.34%
Free Cash Flow Firm Q/Q Growth	71.65%	34.12%	14.27%	-46.12%	-801.32%	14.67%	7.97%	17.36%	163.17%	-17.53%	-16.50%
Invested Capital Q/Q Growth	-9.14%	-11.14%	-4.42%	1.50%	121.66%	-12.79%	-5.96%	-9.21%	-2.98%	-12.16%	-0.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.72%	79.00%	79.46%	78.75%	74.98%	75.44%	75.34%	76.26%	77.43%	77.86%	78.18%
EBITDA Margin	-11.51%	-7.19%	-7.73%	-9.84%	-17.08%	-12.41%	-9.68%	-11.46%	-7.61%	-6.83%	-0.74%
Operating Margin	-20.36%	-15.81%	-16.58%	-18.56%	-27.44%	-21.89%	-18.77%	-20.41%	-15.77%	-14.67%	-8.40%
EBIT Margin	-13.90%	-9.22%	-9.52%	-11.87%	-22.20%	-17.08%	-13.89%	-15.46%	-10.89%	-9.95%	-3.75%
Profit (Net Income) Margin	-15.51%	-11.55%	-8.76%	-13.88%	-21.04%	-19.98%	-15.12%	-17.04%	-12.00%	-10.47%	-5.37%
Tax Burden Percent	111.61%	125.27%	92.05%	116.96%	94.76%	117.00%	108.81%	110.22%	110.18%	105.24%	143.05%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-27.45%	-24.53%	-27.74%	-34.15%	-35.82%	-34.06%	-32.46%	-39.34%	-22.34%	-25.14%	-15.80%
ROIC Less NNEP Spread (ROIC-NNEP)	-27.22%	-24.44%	-28.30%	-33.98%	-35.40%	-33.05%	-32.03%	-38.76%	-22.10%	-25.10%	-15.92%
Return on Net Nonoperating Assets (RNNOA)	19.94%	18.52%	21.74%	26.56%	24.37%	24.27%	24.28%	30.13%	15.31%	18.53%	12.05%
Return on Equity (ROE)	-7.52%	-6.01%	-6.01%	-7.59%	-11.45%	-9.79%	-8.17%	-9.22%	-7.03%	-6.61%	-3.75%
Cash Return on Invested Capital (CROIC)	-11.42%	-3.44%	3.42%	-8.41%	-88.42%	-93.96%	-96.81%	-91.41%	5.19%	1.93%	-1.67%
Operating Return on Assets (OROA)	-5.16%	-3.50%	-3.76%	-4.82%	-9.09%	-6.96%	-5.81%	-6.58%	-4.67%	-4.28%	-1.67%
Return on Assets (ROA)	-5.76%	-4.38%	-3.46%	-5.64%	-8.62%	-8.15%	-6.33%	-7.26%	-5.14%	-4.51%	-2.39%
Return on Common Equity (ROCE)	-7.52%	-6.01%	-6.01%	-7.59%	-11.45%	-9.79%	-8.17%	-9.22%	-7.03%	-6.61%	-3.75%
Return on Equity Simple (ROE_SIMPLE)	-11.20%	0.00%	-6.96%	-6.66%	-7.57%	0.00%	-9.87%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-13	-11	-12	-13	-21	-18	-16	-18	-15	-15	-9.05
NOPAT Margin	-14.25%	-11.07%	-11.61%	-12.99%	-19.20%	-15.33%	-13.14%	-14.29%	-11.04%	-10.27%	-5.88%
Net Nonoperating Expense Percent (NNEP)	-0.24%	-0.09%	0.56%	-0.17%	-0.41%	-1.01%	-0.42%	-0.58%	-0.24%	-0.05%	0.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.59%	-	-	-	-2.30%	-2.01%	-2.20%	-1.76%	-1.68%	-0.98%
Cost of Revenue to Revenue	22.28%	21.00%	20.54%	21.25%	25.02%	24.56%	24.66%	23.74%	22.57%	22.14%	21.82%
SG&A Expenses to Revenue	17.67%	19.02%	16.89%	16.75%	16.26%	15.58%	15.56%	15.83%	14.95%	14.85%	15.42%
R&D to Revenue	37.63%	33.72%	35.72%	36.02%	39.43%	38.70%	35.40%	37.28%	37.37%	36.59%	33.65%
Operating Expenses to Revenue	98.08%	94.81%	96.04%	97.32%	102.41%	97.33%	94.11%	96.67%	93.20%	92.53%	86.58%
Earnings before Interest and Taxes (EBIT)	-12	-8.97	-9.55	-12	-24	-20	-17	-20	-15	-14	-5.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-10	-6.99	-7.76	-10	-19	-14	-12	-15	-10	-9.92	-1.14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.03	5.35	6.55	5.64	4.24	4.24	4.51	6.08	6.43	8.33	6.08
Price to Tangible Book Value (P/TBV)	6.99	8.95	10.61	8.98	10.08	9.62	9.67	12.39	12.46	15.52	10.85
Price to Revenue (P/Rev)	8.00	10.38	12.52	10.46	7.83	7.66	8.02	10.59	10.99	13.89	9.96
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	14.11	23.00	31.66	26.74	9.50	10.97	12.89	20.56	23.39	36.53	26.66
Enterprise Value to Revenue (EV/Rev)	6.47	8.82	10.96	8.94	6.69	6.44	6.77	9.30	9.70	12.57	8.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	43.58	41.60	43.76	37.52	29.01	24.87	24.94	31.18	33.81	45.88	31.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	766.00	0.00	0.00	0.00	0.00	0.00	377.92	1,595.98	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.73	-0.76	-0.77	-0.78	-0.69	-0.73	-0.76	-0.78	-0.69	-0.74	-0.76
Leverage Ratio	1.39	1.41	1.40	1.41	1.42	1.45	1.43	1.44	1.45	1.49	1.47
Compound Leverage Factor	1.39	1.41	1.40	1.41	1.42	1.45	1.43	1.44	1.45	1.49	1.47
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.27	7.81	10.04	8.57	6.13	5.75	6.34	8.17	8.47	10.09	7.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.51	2.46	2.60	2.61	2.03	2.04	2.14	2.13	2.18	2.14	2.26
Quick Ratio	2.40	2.37	2.48	2.50	1.92	1.93	2.03	2.00	2.06	2.02	2.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	27	37	42	23	-158	-135	-124	-103	65	54	45
Operating Cash Flow to CapEx	4,396.11%	5,273.95%	2,077.17%	2,281.01%	2,952.99%	7,747.32%	4,450.08%	5,755.18%	2,240.49%	6,035.12%	3,584.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.38	0.39	0.41	0.41	0.41	0.42	0.43	0.43	0.43	0.45
Accounts Receivable Turnover	5.99	5.05	5.71	5.39	5.33	5.13	5.97	5.75	5.10	5.05	5.69
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	44.99	47.66	53.08	57.42	64.86	69.50	75.00	77.52	85.60	94.94	93.54
Accounts Payable Turnover	2.60	4.84	5.59	5.64	5.82	7.12	8.82	8.45	7.15	9.95	9.45
Days Sales Outstanding (DSO)	60.96	72.27	63.94	67.77	68.52	71.19	61.11	63.45	71.64	72.29	64.14
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	140.27	75.42	65.27	64.72	62.70	51.28	41.40	43.17	51.04	36.69	38.63
Cash Conversion Cycle (CCC)	-79.30	-3.15	-1.34	3.04	5.82	19.92	19.70	20.28	20.60	35.60	25.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	151	134	128	130	288	252	237	215	208	183	183
Invested Capital Turnover	1.93	2.22	2.39	2.63	1.86	2.22	2.47	2.75	2.02	2.45	2.69
Increase / (Decrease) in Invested Capital	-40	-47	-54	-36	138	117	108	85	-80	-68	-54
Enterprise Value (EV)	2,130	3,085	4,058	3,480	2,739	2,759	3,049	4,416	4,874	6,685	4,873
Market Capitalization	2,632	3,630	4,638	4,071	3,207	3,281	3,612	5,027	5,525	7,390	5,614
Book Value per Share	$6.29	$6.47	$6.61	$6.65	$6.85	$6.93	$7.09	$7.21	$7.36	$7.50	$7.72
Tangible Book Value per Share	$3.63	$3.87	$4.08	$4.18	$2.88	$3.06	$3.31	$3.54	$3.80	$4.02	$4.32
Total Capital	653	679	708	721	756	774	800	826	859	887	924
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-502	-545	-580	-591	-468	-522	-564	-612	-651	-704	-741
Capital Expenditures (CapEx)	0.59	0.62	0.84	0.73	0.94	0.63	0.65	0.63	1.35	0.84	1.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-149	-161	-164	-158	-167	-190	-201	-221	-219	-239	-237
Debt-free Net Working Capital (DFNWC)	353	384	415	433	301	332	363	390	433	465	505
Net Working Capital (NWC)	353	384	415	433	301	332	363	390	433	465	505
Net Nonoperating Expense (NNE)	1.11	0.47	-2.86	0.91	2.00	5.41	2.42	3.50	1.32	0.28	-0.78
Net Nonoperating Obligations (NNO)	-502	-545	-580	-591	-468	-522	-564	-612	-651	-704	-741
Total Depreciation and Amortization (D&A)	2.12	1.97	1.79	2.09	5.59	5.42	5.16	5.08	4.50	4.53	4.64
Debt-free, Cash-free Net Working Capital to Revenue	-45.37%	-46.12%	-44.34%	-40.57%	-40.67%	-44.41%	-44.50%	-46.60%	-43.47%	-44.92%	-41.99%
Debt-free Net Working Capital to Revenue	107.19%	109.64%	112.16%	111.34%	73.51%	77.41%	80.56%	82.25%	86.06%	87.52%	89.57%
Net Working Capital to Revenue	107.19%	109.64%	112.16%	111.34%	73.51%	77.41%	80.56%	82.25%	86.06%	87.52%	89.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.13)	($0.10)	($0.08)	($0.13)	($0.21)	($0.21)	($0.16)	($0.19)	($0.14)	($0.13)	($0.07)
Adjusted Weighted Average Basic Shares Outstanding	104.13M	103.32M	107.03M	108.94M	110.77M	109.69M	113.45M	115.25M	117.26M	116.20M	120.16M
Adjusted Diluted Earnings per Share	($0.13)	($0.10)	($0.08)	($0.13)	($0.21)	($0.21)	($0.16)	($0.19)	($0.14)	($0.13)	($0.07)
Adjusted Weighted Average Diluted Shares Outstanding	104.13M	103.32M	107.03M	108.94M	110.77M	109.69M	113.45M	115.25M	117.26M	116.20M	120.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	104.89M	106.31M	108.42M	110.42M	111.56M	112.88M	114.57M	116.74M	118.31M	119.63M	121.12M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-11	-12	-13	-21	-18	-16	-18	-15	-15	-9.05
Normalized NOPAT Margin	-14.25%	-11.07%	-11.61%	-12.99%	-19.20%	-15.33%	-13.14%	-14.29%	-11.04%	-10.27%	-5.88%
Pre Tax Income Margin	-13.90%	-9.22%	-9.52%	-11.87%	-22.20%	-17.08%	-13.89%	-15.46%	-10.89%	-9.95%	-3.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

JFrog Ltd (NASDAQ: FROG) has shown revenue growth and improving cash flow in 2025, but remains unprofitable on a quarterly basis and continues to invest heavily in investments and growth initiatives. Below are the key trends from the last four years of quarterly data, with positives listed first, then neutral observations, then negatives.

Revenue growth in 2025: Q4 2025 operating revenue was $145,306,000, up from $116,078,000 in Q4 2024 (about +25% YoY).
Gross margin remains strong: Total Gross Profit in Q4 2025 was $113,136,000 on $145,306,000 of revenue (roughly 77.6% gross margin).
Solid operating cash flow generation: In Q4 2025, net cash from continuing operating activities was $50,695,000; four-quarter 2025 net cash from continuing operating activities totaled about $145.7 million.
Earnings per share trajectory improving: Q4 2025 Basic and Diluted EPS were -$0.13, a narrower loss than earlier in 2025 (e.g., -$0.19 in some prior quarters), indicating an improving loss trajectory.
R&D and marketing remain large, ongoing investments: Q4 2025 RD expense was about $53.163 million and marketing expense about $59.720 million, contributing to total operating expenses of roughly $134.458 million.
Substantial cash deployment into investments: Purchase of Investments in 2025 quarters were sizable (Q4 2025: ~ $182.65 million; Q3: ~ $159.08 million; Q2: ~ $135.17 million; Q1: ~ $149.08 million), reflecting portfolio deployment rather than immediate profitability.
Leverage is moderate but rising liabilities: By Q3 2025, Total Liabilities were about $406.1 million and Total Equity around $859.4 million, implying a debt-to-equity stance roughly 0.47x.
Ongoing net losses: Net income attributable to common shareholders remained negative in 2025, with Q4 2025 net income about $-15.21 million and EPS around -$0.13.
Operating losses persist: Total Operating Income in Q4 2025 was about $-21.32 million, indicating the core business remains unprofitable on an operating basis.
Investing cash outflows depress liquidity: Net cash from investing activities in Q4 2025 was approximately $-55.5 million, driven by substantial purchases of investments and other long-term assets.

05/14/26 03:43 PM ETAI Generated. May Contain Errors.

JFrog Financials - Frequently Asked Questions

According to the most recent income statement we have on file, JFrog's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

JFrog's net income appears to be on an upward trend, with a most recent value of -$71.82 million in 2025, rising from -$26.02 million in 2018. The previous period was -$69.24 million in 2024. See where experts think JFrog is headed by visiting JFrog's forecast page.

JFrog's total operating income in 2025 was -$91.85 million, based on the following breakdown:

Total Gross Profit: $408.39 million
Total Operating Expenses: $500.24 million

Over the last 7 years, JFrog's total revenue changed from $63.53 million in 2018 to $531.84 million in 2025, a change of 737.1%.

JFrog's total liabilities were at $453.93 million at the end of 2025, a 27.4% increase from 2024, and a 374.7% increase since 2019.

In the past 6 years, JFrog's cash and equivalents has ranged from $39.15 million in 2019 to $164.46 million in 2020, and is currently $75.84 million as of their latest financial filing in 2025.

Over the last 7 years, JFrog's book value per share changed from 0.00 in 2018 to 7.50 in 2025, a change of 750.1%.

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Financial statements for NASDAQ:FROG last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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JFrog (FROG) Financials

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JFrog (FROG) Financials

Annual Income Statements for JFrog

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Quarterly Cash Flow Statements for JFrog

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Quarterly Metrics And Ratios for JFrog

Financials Breakdown Chart

Key Financial Trends

JFrog Financials - Frequently Asked Questions

When does JFrog's financial year end?

How has JFrog's net income changed over the last 7 years?

What is JFrog's operating income?

How has JFrog's revenue changed over the last 7 years?

How much debt does JFrog have?

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How has JFrog's book value per share changed over the last 7 years?

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