JFrog Ltd

Listed Company

FROGCIK 0001800667NasdaqLarge AcceleratedServices-Prepackaged SoftwareL3FY ends Dec 31

Period

FY 2025

Revenue

$531.84M

Net Income

$-71.82M

Total Assets

$1.34B

Equity

$887.45M

Shares Out

119.63M

Op. Cash Flow

$145.73M

Business

JFrog Ltd provides a hybrid, universal, end-to-end software supply chain platform that delivers trusted, secure software updates from code to production and serves as a system of record for an organization’s software footprint. Its main products and services include JFrog Artifactory, JFrog Curation, JFrog Xray, JFrog Advanced Security, Runtime Security, Distribution, Connect, and JFrog ML along with platform-integrated automation, scanning, and package management capabilities. The company organizes offerings via an all‑inclusive platform with multi-tier subscription plans and optional add‑on security, IoT, and MLOps solutions. It serves a global customer base across industries through cloud, multi‑cloud, hybrid, on‑premises deployments, SaaS and self‑managed delivery models, direct sales, channel partners, free trials, and open source distribution.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total subscription revenue	532	428	350	280	207
Total cost of revenuesubscription	123	98	77	62	42
Gross profit	408	330	273	218	165
Research and development	195	161	135	121	80
Sales and marketing	224	190	151	131	97
General and administrative	81	70	63	56	57
Total operating expenses	500	421	348	308	233
Operating loss	−92	−91	−76	−90	−68
Interest and other income, net	26	25	21	5	744,000
Loss before income taxes	−66	−66	−55	−85	−68
Income tax expense	6	3	7	5	−3
Net loss	−72	−69	−61	−90	−64
Net loss per share, basic	−0.62	−0.63	−0.59	−0.91	−0.68
Net loss per share, diluted	−0.62	−0.63	−0.59	−0.91	−0.68
Weighted-average shares used in computing net loss per share, basic	116	110	103	99	95
Weighted-average shares used in computing net loss per share, diluted	116	110	103	99	95

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	76	50	85	46	68
Short-term investments	629	472	460	398	353
Accounts receivable, net	120	91	76	62	50
Deferred contract acquisition costs	22	16	11	8	5
Prepaid expenses and other current assets	26	20	13	19	22
Total current assets	873	649	646	532	499
Property and equipment, net	6	6	7	8	7
Deferred contract acquisition costs, noncurrent	34	25	18	14	9
Operating lease right-of-use assets	12	14	22	25	26
Intangible assets, net	40	61	26	38	48
Goodwill	372	372	248	248	248
Other assets, noncurrent	5	3	6	8	16
Total assets	1,341	1,130	973	871	853
Accounts payable	14	11	17	15	11
Accrued expenses and other current liabilities	78	52	36	29	—
Operating lease liabilities	6	8	8	7	7
Deferred revenue	310	247	201	159	129
Total current liabilities	408	318	262	210	175
Deferred revenue, noncurrent	32	27	13	17	18
Operating lease liabilities, noncurrent	7	6	14	17	20
Other liabilities, noncurrent	7	6	4	3	712,000
Total liabilities	454	356	293	246	214
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred shares, NIS 0.01 par value per share; 50,000,000 shares authorized; 0 issued and outstanding as of December 31, 2025 and December 31, 2024	0	0	0	0	0
Ordinary shares, NIS 0.01 par value per share, 500,000,000 shares authorized; and 119,615,355 and 112,754,822 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	335,000	315,000	297,000	283,000	272,000
Additional paid-in capital	1,313	1,132	968	856	777
Accumulated other comprehensive income	6	655,000	1	−3	611,000
Accumulated deficit	−431	−360	−290	−229	−139
Total shareholders' equity	887	774	679	625	639
Total liabilities and shareholders' equity	1,341	1,130	973	871	853

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	25	21	15	15	9
Share-based compensation expense	157	131	95	69	57
Non-cash operating lease expense	9	8	8	7	6
Net amortization of premium or discount on investments	−5	−7	−6	2	6
Losses (gains) on foreign exchange	−819,000	642,000	−421,000	2	0
Accounts receivable	−29	−14	−14	−11	−13
Prepaid expenses and other assets	−5	−8	2	9	−18
Deferred contract acquisition costs	−15	−12	−8	−7	−6
Accounts payable	4	−7	2	4	504,000
Accrued expenses and other liabilities	21	14	11	2	13
Operating lease liabilities	−9	−8	−8	−9	−5
Deferred revenue	68	60	38	29	43
Net cash provided by operating activities	146	111	74	21	28
Purchases of short-term investments	−626	−514	−392	−411	−266
Maturities of short-term investments	477	410	337	353	—
Sales of short-term investments	0	98	4	10	—
Purchases of property and equipment	−3	−3	−2	−4	−4
Payments for business combinations, net of cash acquired	0	−157	0	−179,000	−196
Net cash used in investing activities	−152	−165	−53	−53	−126
Proceeds from exercise of share options	12	10	10	6	7
Proceeds from employee share purchase plan	12	9	7	5	3
Proceeds from employee equity transactions, net of payments to tax authorities and employees	7	2	2	—	—
Net cash provided by financing activities	31	21	18	11	1
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1	−949,000	120,000	−2	0
Net increase (decrease) in cash, cash equivalents, and restricted cash	26	−34	39	−23	−96
Purchase of property and equipment during the period included in accounts payable	53,000	60,000	187,000	91,000	509,000
Fair value of ordinary shares issued as consideration for business combination	0	13	0	0	82
Fair value of replacement awards in business combination	0	375,000	0	0	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro