JFrog Ltd. (FROG) AI Stock Analysis

JFrog Ltd. is a provider of DevOps solutions, serving clients across the United States, Israel, and internationally. Its central offering is JFrog Artifactory, a package repository designed to store, update, and manage software packages at scale. The company's platform also includes JFrog Pipelines for continuous integration and delivery automation, JFrog Xray and JFrog Advanced Security for vulnerability scanning and binary security, and JFrog Distribution for package deployment. Additional products include JFrog Artifactory Edge for incremental updates, JFrog Mission Control for workflow oversight, JFrog Insight for DevOps intelligence, and JFrog Connect for IoT device management.

Revenue increased from $206.7M in FY2021 to $531.8M in FY2025, representing a 28.7% five-year CAGR. Annual revenue grew 24.1% in FY2025, while gross margin remained stable at 76.8% compared to 77.1% in FY2024 and 79.8% in FY2021. Operating margin improved from -33.1% in FY2021 to -16.9% in FY2025, though net income stood at -$71.8M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue growth was 28.7% year-over-year, while trailing twelve-month revenue reached $600.0M with a net profit margin of -7.3% and diluted EPS of -$0.37.

As of June 30, 2026, JFrog maintained a strong liquidity position with $824.5M in cash and short-term investments against $14.6M in total debt, leaving net cash of $809.9M. Its current ratio stood at 2.14, and the debt-to-equity ratio was 0.02 against $960.7M in shareholders' equity. Free cash flow reached $142.3M in FY2025, up from $23.7M in FY2021, supported by $145.7M in operating cash flow and low capital expenditures of $3.5M. The share count expanded 25.6% over the five-year period.

JFrog trades at a forward P/E of 81.3x and a price-to-sales ratio of 17.3x, well above the US-listed Technology median forward P/E of 18.8x and price-to-sales of 2.8x. Its enterprise value to revenue multiple sits at 17.6x. Over the past year, the stock returned 80.6%, outpacing the S&P 500 (SPY) return of 16.8%. Over a five-year horizon, FROG delivered a 148.0% return compared to 83.0% for the S&P 500, with shares trading at $84.31, which is 20.6% above its 200-day moving average.

Wall Street coverage consists of 16 Strong Buy, 5 Buy, and 2 Hold recommendations, with no Sell ratings. The consensus mean price target is $112.23, representing a 33.1% upside from the last close of $84.31. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $650.7M and EPS of $0.98, indicating 19.6% EPS growth. JFrog has beaten EPS estimates in each of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of JFrog Ltd. (FROG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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