JFrog Ltd. (FROG) Stock

JFrog Ltd. (FROG) is a Technology stock trading at $89.72 (as of 2026-08-20), with a market capitalization of $11.06B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

JFrog Ltd. offers a DevOps software platform for managing the storage, integration, security scanning, and distribution of software packages across development pipelines. Its offerings include Artifactory, Pipelines, Xray, and Distribution, along with related management and visibility tools used by software teams and organizations building and operating software.

Understand JFrog Ltd.: how it makes money

JFrog provides DevOps tools for managing and securing software packages, including Artifactory (package repository), Pipelines (continuous delivery automation), Xray (scanning), and Distribution (enterprise package distribution). It makes money by selling subscription (including SaaS and cloud) and related enterprise software offerings to teams running software delivery pipelines.

The profit model is driven by recurring subscription and cloud revenue that expands with existing customers, as indicated by Net Dollar Retention Rate above 100%, and is supported by contract visibility from Remaining Performance Obligations.

Revenue by segment (latest quarter)
Sub/SaaS$0.1B
Cloud$0.1B

Business quality (Weak): Strong customer economics signals (Net Dollar Retention Rate) and solid gross margin, but the latest quarter still shows an operating loss (operating margin is negative).

Bull case

  • Net Dollar Retention Rate is 120%, suggesting existing customers are expanding their spend: Expansion can support subscription and cloud revenue continuity and reduces reliance on net new customer wins.
  • Remaining Performance Obligations are 0.57 USD_B: A meaningful backlog can provide forward visibility into future revenue conversion.
  • Gross margin is 78.2%: High gross margin can give operating flexibility if operating expenses are brought under control.

Bear case

  • Operating margin is -8.4% in the latest period: The business is not currently converting gross profit into operating profit, which can pressure valuation if it persists.
  • Operating loss creates sensitivity to cost management: Even with strong retention, profitability can lag if spending on growth, product, or go-to-market is elevated.
Valuation — source: SEC EDGAR (first-party)
Price$89.72
Market Cap$11.06B
Price / Book11.52
Price / Sales18.44
FCF Yield1.5%
DCF Value (model)$31.33
DCF Upside vs Price-65.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$531.84M
Net Margin-13.5%
Revenue Growth (YoY)28.7%
EPS Growth (YoY)-84.2%
FCF Growth (YoY)51.6%
Financial Health — source: SEC EDGAR
Altman Z-Score14.32 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($593.73M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOShlomi Ben Haim
Employees1,600
CountryUS
IPO Date2020-09-16

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FROG earnings history · FROG institutional & insider holders · FROG KPIs & operating metrics · FROG financials · FROG investor presentations & press releases · FROG SEC filings · FROG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.