Jfrog Ltd
NASDAQ:FROG

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Jfrog Ltd
NASDAQ:FROG
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Price: 59.57 USD -4.63% Market Closed
Market Cap: 7B USD

Jfrog Ltd
Investor Relations

In the world of software development, JFrog Ltd. has positioned itself as a cornerstone for developers and organizations striving for seamless integration and continuous delivery. Founded in 2008, the company emerged from the burgeoning need for robust DevOps solutions, aiming to address the complexities that developers face in managing software releases. JFrog’s flagship product, Artifactory, acts as a binary repository manager, fundamentally transforming the way developers manage code, libraries, and packages. By providing a universal platform that supports a plethora of package types, JFrog enables developers to automate the consistent and reliable deployment of software across different environments.

The business model of JFrog centers on a subscription-based model that caters to enterprises as well as smaller development teams, offering a suite of DevOps tools under its umbrella. The premium offerings ensure real-time visibility and security of software packages, which are vital in maintaining the integrity and speed of software releases. By scaling its solutions to match the needs of its clientele, JFrog creates a recurring revenue stream, fortified by the increasing shift towards cloud-native applications and containerization. The company earns its keep through these subscriptions, professional services, and training, ensuring developers can maximize the benefits of its products. As software deployment becomes ever more complex, JFrog’s solutions play a crucial role in bridging the gap between development and operations, fostering an ecosystem where innovation and efficiency go hand in hand.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Growth: JFrog reported Q3 revenue of $136.9 million, up 26% year-over-year, driven by strong cloud and security product growth.

Cloud Momentum: Cloud revenue grew 50% year-over-year to $63.4 million, now representing 46% of total revenue, with no one-time items contributing to growth.

Enterprise Expansion: Customers spending over $1 million increased to 71 (up 54% YoY), and those spending more than $100,000 grew to 1,121 (up 16% YoY).

Security Drives Deals: Major new multiyear contracts, including government agencies, increasingly include JFrog's security solutions.

AI & Product Innovation: New product launches like JFrog Fly, AppTrust, and advanced AI/ML model management highlight a focus on AI-powered software supply chain solutions.

Guidance Raised: Full-year 2025 revenue guidance raised to $523–$525 million, and net dollar retention is expected to exceed 116% for the year.

Profitability: Operating margin improved to 18.7%, with free cash flow of $28.8 million and robust gross margin of 83.9%.

Cautious Outlook: Management remains prudent in guidance, excluding usage above annual commitments and derisking large uncertain deals.

Key Financials
Revenue
$136.9 million
Cloud Revenue
$63.4 million
Enterprise Plus Subscription Revenue
56% of total revenue
Net Dollar Retention
118%
Gross Margin
83.9%
Operating Margin
18.7%
Cash and Short-term Investments
$651.1 million
Free Cash Flow
$28.8 million
RPO (Remaining Performance Obligations)
$508 million
Customers >$1 million spend
71
Customers >$100,000 spend
1,121
Gross Retention
97%
Q4 Revenue Guidance
$136.5–$138.5 million
Q4 Operating Profit Guidance
$21–$22 million
Q4 EPS Guidance
$0.18–$0.20 diluted EPS
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jacob Shulman
Consultant
No Bio Available
Mr. Eduard Grabscheid
Chief Financial Officer
No Bio Available
Ms. Orit Goren
Chief Operating Officer
No Bio Available
Mr. Aran Azarzar
Chief Information Officer
No Bio Available
Mr. Jeffrey Allan Schreiner
Vice President of Investor Relations
No Bio Available
Ms. Shanti Ariker
Chief Legal Officer
No Bio Available
Ms. Micheline Nijmeh
Chief Marketing Officer
No Bio Available
Ms. Keren Massad
Chief Human Resources Officer
No Bio Available
Mr. Omer Cohen
Executive Vice President of Strategy
No Bio Available
Mr. Roie Shorer
Executive Vice President of Support
No Bio Available

Contacts

Address
CALIFORNIA
Sunnyvale
270 E. Caribbean Drive
Contacts
+14083291540.0
www.jfrog.com