JFrog Ltd Segments Disclosure
17. Segment Information
The Company operates in one operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker. The Company’s chief operating decision maker is its chief executive officer who uses consolidated financial information to allocate resources and assess performance. He monitors revenue across various products and services on a consolidated basis and uses consolidated net loss to adjust business plans, primarily by comparing actual operating results to forecasts and prior periods.
The following table summarizes the Company’s segment revenue, significant segment expenses, and segment net loss:
|
|
Year Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Revenue |
|
$ |
531,840 |
|
|
$ |
428,488 |
|
|
$ |
349,886 |
|
Less: |
|
|
|
|
|
|
|
|
|
|||
Compensation expense (1) |
|
|
287,522 |
|
|
|
233,934 |
|
|
|
198,491 |
|
Share-based compensation expense |
|
|
156,657 |
|
|
|
131,106 |
|
|
|
95,171 |
|
Other segment items (2) |
|
|
159,480 |
|
|
|
132,684 |
|
|
|
117,480 |
|
Net loss |
|
$ |
(71,819 |
) |
|
$ |
(69,236 |
) |
|
$ |
(61,256 |
) |
_________________________________________
(1) Compensation expense includes employee salaries, commissions, performance bonus, payroll taxes, benefits, and outsourced labor costs.
(2) Other segment items include acquisition-related costs, amortization of intangibles, depreciation of property and equipment, hosting costs, marketing expense, professional service fees, reseller commission, software and subscription costs, other overhead expense, interest and other income, net, and income tax expense.
Revenue by geographical region can be found in Note 3, Revenue Recognition. The following table presents the Company’s long-lived assets by geographic region, which consist of property and equipment, net and operating lease right-of-use assets:
|
|
December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
|
|
(in thousands) |
|
|||||
United States |
|
$ |
9,378 |
|
|
$ |
5,897 |
|
Israel |
|
|
5,903 |
|
|
|
10,846 |
|
India |
|
|
2,040 |
|
|
|
2,895 |
|
Rest of world |
|
|
278 |
|
|
|
232 |
|
Total long-lived assets |
|
$ |
17,599 |
|
|
$ |
19,870 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.