JFrog (FROG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

JFrog

NasdaqGS•Technology•Software - Application

$92.81-1.17(-0.01%)Market closed

Market Cap

$11.31B

P/S

18.8x

P/B

11.8x

JFrog Ltd. provides software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage software packages; JFrog Curation functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, from open source or public repositories; JFrog Xray, scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Runtime Security, an optional add-on for select JFrog subscriptions to work with other JFrog Security solutions. It also provides JFrog ML, a platform-integrated solution designed for data science and MLOps teams to transform and store data, build, train, and deploy models, and monitor the entire Machine Learning pipeline; JFrog AI Catalog, an extension of JFrog Curation functionality that allows companies to secure, govern, consume and deploy AI technologies; JFrog AppTrust, an optional component with application risk governance of DevGovOps requirements; JFrog Distribution that provides software package distribution; and JFrog Connect, a device management solution that allows companies to manage software updates and monitor performance in IoT device fleets. In addition, the company offers JFrog Pro that provides access to the universal version of JFrog Artifactory and ongoing updates, upgrades, and bug fixes; JFrog Pro X, a self-managed-only subscription; JFrog Enterprise X, offers cluster configuration, federated repositories, multi-region replication, larger enterprise-scale deployments, service-level agreement support, and deeper security; and JFrog Enterprise Plus, a full platform subscription option. It serves technology, financial services, retail, healthcare, and telecommunications organizations. JFrog Ltd. was incorporated in 2008 and is headquartered in Sunnyvale, California with additional office in Netanya, Israel.

How this company scores

GoodMetricSide Score: 69/100

Strongest: Growth (20/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability17/25

Growth20/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality17/25

Strengths

Growing revenueRising free cash flowLong cash runwayInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 18.8x5y range 6.5x – 18.8x

Currently above its 20-quarter median.

P/B · 11.8x5y range 3.1x – 11.8x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -3.6x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $11.31B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $599.96M
Q. Revenue: $163.77M
TTM EBITDA: $-34.54M
TTM Op. Income: $-69.09M
Q. Op. Income: $-13.25M
TTM Net Income: $-44.07M
Q. Net Income: $-4.17M
EPS: $-0.03
Shares Out.: $121.82M

$599.96M in TTM revenue grew 26.4% YoY, reaching $163.77M last quarter. TTM EBITDA of $-34.54M and TTM operating income of $-69.09M show growth is flowing through to the bottom line. However, net income is negative at $44.07M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 77.9%
EBITDA Margin: -4.7%
Op. Margin: -8.1%
Net Margin: -2.5%

Op. margin of -8.1% is up 12.3% YoY — cost efficiency is improving. Net margin at -2.5% and gross margin of 77.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 18.8x
P/B Ratio: 11.8x

P/S of 18.8x and P/B of 11.8x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.49B
Cash: $96.69M
Long-Term Debt: N/A
Book Value: $960.71M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $57.06M
TTM Free Cash Flow: $169.70M
FCF Margin: 28.3%
FCF / Net Income: -3.9

TTM FCF of $169.70M on $57.06M in operating cash flow. The FCF / Net Income ratio of -3.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.