JFrog Ltd. (FROG) Stock Price & Analysis
JFrog Ltd. (FROG) closed at USD 93.89 on Thursday, October 22, 2026, down 2.50% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 93.89; the Oct 22, 2026 session ranged USD 92.02–97.23 on volume of 993,842 shares. Market capitalization is —, with a 52-week range of USD 34.05–105.76 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FROG.md
Key facts (FROG)
- Last four reported quarters (through Jun 30, 2026): revenue $600M, net income -$44.1M (-7.3% margin), free cash flow $170M (SEC filings).
- 1 of 80 tracked superinvestors hold FROG (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y +94.4% vs S&P 500 +14.9%; 5Y +166.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.23, revenue estimate $166M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FROG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $207M | $280M | $350M | $428M | $532M | $600M |
| Gross profit | $165M | $218M | $273M | $330M | $408M | — |
| Operating income | -$68.4M | -$89.8M | -$75.5M | -$91.1M | -$91.9M | -$69.1M |
| Net income | -$64.2M | -$90.2M | -$61.3M | -$69.2M | -$71.8M | -$44.1M |
| EPS (diluted) | -$0.68 | -$0.91 | -$0.59 | -$0.63 | -$0.62 | — |
| Free cash flow | $23.7M | $17.1M | $72.2M | $108M | $142M | $170M |
| Gross margin | 79.8% | 77.8% | 78.0% | 77.1% | 76.8% | — |
| Operating margin | -33.1% | -32.1% | -21.6% | -21.3% | -17.3% | -11.5% |
| Net margin | -31.1% | -32.2% | -17.5% | -16.2% | -13.5% | -7.3% |
| Revenue growth | +37.0% | +35.5% | +24.9% | +22.5% | +24.1% | — |
| Cash + short-term investments | $421M | $443M | $545M | $522M | $704M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FROG)
Superinvestors (SEC 13F-HR, Q2 2026) (FROG)
1 of 80 tracked investors hold FROG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.07% | $8.5M | Added +360.1% |
Analysts (FROG)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Truist Securities | Target raised | Buy | $110 → $115 |
| 2026-10-14 | UBS | Target raised | Buy | $120 → $125 |
| 2026-09-04 | DA Davidson | Maintained | Buy | $115 |
| 2026-09-04 | BTIG | Reiterated | Buy | $115 |
| 2026-09-03 | TD Cowen | Reiterated | Buy | $120 |
| 2026-09-03 | RBC Capital | Reiterated | Outperform | $118 |
| 2026-09-03 | Needham | Reiterated | Buy | $115 |
| 2026-08-26 | RBC Capital | Initiated | Outperform | $118 |
| 2026-08-08 | DA Davidson | Target raised | Buy | $90 → $115 |
| 2026-08-07 | UBS | Target raised | Buy | $110 → $120 |
| 2026-08-07 | TD Cowen | Target raised | Buy | $100 → $120 |
| 2026-08-07 | Benchmark | Target raised | Buy | $100 → $120 |
Total return (dividends reinvested) (FROG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +94.4% | +166.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +94.8% | +21.6% |
| Volatility (annualized) | 74.7% | 56.5% |
| Max drawdown | -49.6% (Dec 2025→Feb 2026) | -53.5% (Nov 2021→Jun 2022) |
FROG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription Self-Managed & Saa S | $155.5M | 95.0% | +28.5% |
| Saas | $87.5M | 53.4% | +53.2% |
| Selfmanaged Subscription | $76.3M | 46.6% | +8.8% |
| Subscription | $68.1M | 41.6% | +6.4% |
| License | $8.2M | 5.0% | +33.8% |
| Total revenue | $163.8M | 100% | — |
FROG revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $97.4M | 59.5% | +27.8% |
| Rest Of World | $61.6M | 37.6% | +30.7% |
| Israel | $4.8M | 3.0% | +22.4% |
| Total revenue | $163.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FROG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Microsoft (MSFT) | “Many companies address only certain parts of the DevOps cycle and may compete with a limited set of JFrog offerings, including Microsoft's GitHub, GitLab, Cloudsmith, and Sonatype.” |
| Competitor | Amazon (AMZN) | “While also partners, cloud providers, such as Amazon Web Services ("AWS"), Microsoft Azure (including Azure DevOps) and Alphabet Inc.'s Google Cloud, may compete with a subset of JFrog functionality.” |
| Competitor | Alphabet (Google) (GOOGL) | “While also partners, cloud providers, such as Amazon Web Services ("AWS"), Microsoft Azure (including Azure DevOps) and Alphabet Inc.'s Google Cloud, may compete with a subset of JFrog functionality.” |
| Competitor | Synopsys (SNPS) | “Some security-focused companies may compete with a subset of JFrog's holistic security offerings or address only developer-level security, such as Aqua Security, Snyk, Checkmarx, Sonatype, and Synopsys.” |
Quoted from the company's 10-K filed Feb 13, 2026.
FROG customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Feb 13, 2026. The company does not name it.
FROG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.23 | $0.22 | +5.3% | $165.9M | 23 |
| Next quarter (ends Dec 2026) | $0.21 | $0.22 | -5.0% | $167.5M | 23 |
| Current fiscal year (ends Dec 2026) | $0.98 | $0.95 | +2.8% | $650.7M | 23 |
| Next fiscal year (ends Dec 2027) | $1.15 | $1.12 | +2.3% | $767.7M | 23 |
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 93.89 |
|---|---|
| Change | ▼ 2.50% (down) |
| Previous Close | USD 93.89 |
| Open | USD 93.89 |
| Day Range | USD 92.02 – 97.23 |
| 52-Week Range | USD 34.05 – 105.76 |
| Volume | 993,842 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (FROG)
Nexqual's technical model rates FROG "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 51.13 (neutral) |
| vs SMA50 | Above (USD 93.37) |
| MACD | 0.14 (positive) |
Earnings (FROG)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.23 |
| Revenue Estimate | $165.91M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.27 vs est 0.24 ▲ beat |
| 2026-03-31 | USD 0.27 vs est 0.21 ▲ beat |
| 2025-12-31 | USD 0.22 vs est 0.19 ▲ beat |
| 2025-09-30 | USD 0.22 vs est 0.16 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (FROG)
| Total Revenue | $599.96M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +28.70% |
| Gross Margin | +77.86% |
| Operating Margin | -7.12% |
| Profit Margin | -7.35% |
| ROE | -4.93% |
| Debt / Equity | 0.02 |
| Current Ratio | 2.14 |
| Total Cash | $824.49M |
| Total Debt | $14.57M |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Ownership (FROG)
| Insider Ownership | +9.90% |
|---|---|
| Institutional Ownership | +95.19% |
| Shares Outstanding | 123.30M |
| Float | 110.51M |
| Short % of Float | +5.95% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From JFrog Ltd.'s Latest SEC 10-K Filing (filed 2026-02-13)
Key Strengths & Strategy (as disclosed to the SEC)
- The center of our platform, JFrog Artifactory, stores software packages and manages the metadata from major package technologies, including Docker, OCI, Debian, RPM, Go, Helm, Kubernetes, NPM, NuGet, Python, Java, Rust, NVIDIA NIM, and ML models and datasets.
- While also partners, cloud providers, such as Amazon Web Services ("AWS"), Microsoft Azure (including Azure DevOps) and Alphabet Inc.'s Google Cloud, may compete with a subset of JFrog functionality.
- JFrog ML is a platform-integrated solution designed for data science and AI/MLOps teams to transform and store data, build, train, secure, and deploy models, and monitor the entire Machine Learning and Artificial Intelligence pipelines (including public, bespoke, and large language models) as part of the JFrog Platform.
- Proprietary technology allows our platform to seamlessly scale across even the largest of customers and deployments.
Partnerships
- JFrog's partnership with Hugging Face (a leading public hub for ML models and AI-related software packages) allows in-workflow adoption of AI and ML models from the world's largest open-source model hub, while ensuring security, compliance and governance over AI technologies.
- Specifically with public cloud providers, we believe that enhancing our partnership relationships and channel strategy may be a significant contributor to JFrog's growth.
Legal & Regulatory Risks (Item 1A, quoted)
- We may become subject to claims for remuneration or royalties for assigned service invention rights by our employees, which could result in litigation and would adversely affect our business.
- Our use of open source software could negatively affect our ability to sell our products and subject us to possible litigation.
- Risks Related to Privacy, Data Protection, and Cybersecurity
- We are subject to stringent and changing laws, regulations, standards, and contractual obligations related to privacy, data protection, and data security. Our actual or perceived failure to comply with such obligations could harm our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt