Eduard Grabscheid, Chief Financial Officer of JFrog Ltd. (FROG -3.32%), reported a sale of 17,216 shares of the company's ordinary shares in an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$1.6 millionShares sold17,216Post-transaction shares (directly held)192,060Post-transaction value$17.40 millionTransaction value based on SEC Form 4 weighted average sale price ($91.04); post-transaction value based on September 03, 2026 market close ($90.61).
Key questionsWhat was the primary driver for this transaction?
The sale was non-discretionary, and 8,780 shares were used to cover statutory tax obligations related to the vesting of equity awards, which is a standard procedure for many executives at the firm.Was any part of the sale driven by a pre-established plan?
Yes, the remaining 8,436 shares was executed under a Rule 10b5-1 trading plan that the Chief Financial Officer adopted on March 6, 2026, to manage personal liquidity.How has the executive's total equity position evolved recently?
While this filing reports a sale, the executive also recently acquired 179 shares through the company's employee stock purchase plan at a price reflecting a 15% discount to the market price from March 2, 2026.What is the current market valuation of the executive's remaining stake?
The 192,060 shares held directly by the executive are valued at $16.8 million based on the $87.60 per share price as of the September 4, 2026 market close.Company OverviewMetricValueShare Price (as of market close 2026-09-04)$87.60Market Capitalization$10.9 billionRevenue (TTM)$600.0 millionNet Income (TTM)-$44.1 millionCompany SnapshotJFrog provides a comprehensive DevOps platform centered on JFrog Artifactory, a flexible package repository that enables enterprises to store, update, and manage software packages at scale, complemented by JFrog Pipelines, a robust continuous integration and continuous delivery (CI/CD) engine.The company operates a subscription-based software-as-a-service (SaaS) business model, generating recurring revenue from enterprise customers through tiered licensing of its DevOps platform and related services.JFrog serves development teams and enterprises throughout the United States and globally, targeting organizations seeking to streamline software development and delivery workflows across their technology infrastructure.JFrog Ltd. is a leading provider of DevOps automation solutions with a market cap of $10.9 billion, serving enterprise customers through its integrated platform of software development and delivery tools. The company has demonstrated significant market momentum, with a one-year share price appreciation of 89.72%, reflecting investor confidence in the DevOps infrastructure market. JFrog's competitive advantage lies in its comprehensive, end-to-end platform approach that addresses critical pain points in software development lifecycle management for organizations of all scales.
What this transaction means for investorsCFO Eduard Grabscheid's Sept. 2 and Sept. 3 sale of JFrog stock comprised two components. The Sept. 2 sale involved 8,780 shares sold to fulfill tax withholding obligations in connection with the vesting of restricted stock units (RSUs). This disposal is not a reflection of the insider's view on the company.
An RSU is a form of compensation where a company grants an employee shares of stock at a future date. When that vesting date arrives, as was the case here, a "sell to cover" transaction occurs to pay the related taxes.
The Sept. 3 disposition of 8,436 shares was part of a pre-established Rule 10b5-1 plan, making the sale a non-discretionary transaction. Such plans are often adopted by insiders to sell shares at predetermined times to avoid concerns of trading on insider information.
As a result, the Sept. 3 sale represents a routine, structured liquidity event, which left Grabscheid with over 192,000 directly held shares. His remaining direct equity stake is substantial, and ensures his continued alignment with shareholder interests.
JFrog's stock hit a 52-week high of $105.76 on Aug. 28, just days before Grabscheid's disposition at a weighted average price of $91.04. Shares are up thanks to strong business performance. The company delivered 29% year-over-year revenue growth to $163.8 million in the second quarter.
JFrog (NASDAQ:FROG) used its swampUP 2026 investor session to outline product updates aimed at securing, remediating and governing software supply chains as enterprises deploy more AI-assisted development tools. Executives also discussed customer adoption of its AppTrust governance offering, integrations with security providers and the company’s approach to managing AI-generated software artifacts.
The company framed its strategy around three themes: “protect, remediate, and control.” The event’s operator highlighted the Package Traffic Controller, integrations with SASE providers including Zscaler and Netskope, expanded support in Artifactory for AI-related assets, a Wiz integration, zero-touch vulnerability remediation capabilities and enhancements to AppTrust.
Keysight Discusses Governance Needs Christophe Romatier, chief information security officer at Keysight Technologies, said the test, measurement and design-solutions company has increased its software development activity and use of AI. Keysight has about 5,000 developers, according to Romatier, and its DevSecOps organization also oversees internal AI initiatives. Romatier said governance has become both a security and compliance issue, as well as a developer productivity concern. He cited the Secure Software Development Framework and the European Union’s Cyber Resilience Act as regulations that require organizations to catalog artifacts and software bills of materials alongside products.
“We don’t really want [developers] spending time capturing compliance or filling in compliance checklists,” Romatier said. “We want our developers writing code.”
Keysight selected JFrog AppTrust after identifying a manual process for capturing and archiving compliance materials that was slowing research and development work, he said. Since Keysight had used JFrog Artifactory for years, the company viewed compliance evidence as another class of artifact that could reside alongside binaries and follow products through their release lifecycle.
Romatier said AI coding tools increased the urgency to automate governance. Without automation, Keysight would have needed to devote more developer time to compliance activities or hire additional personnel, he said. Looking ahead, he said Keysight intends to apply governance across its applications rather than maintain separate processes for higher-sensitivity software.
“Once you’ve done the work to automate the tasks that need to occur on every build, on every release, it’s no longer a question of, do I only want to apply it to this area?” Romatier said. He added that Keysight is working toward a regulatory compliance milestone in October of the following year.
Artifactory Positioned as AI Control Plane JFrog Chief Executive Officer Shlomi Ben Haim and Chief Technology Officer Yoav Landman said the growing volume of binaries produced and consumed by AI agents reinforces the importance of artifact management.
Ben Haim described Artifactory as evolving beyond a system of record into a “system of trust.” He said AI labs and other organizations are putting greater demands on software infrastructure as agents consume packages and generate more software artifacts.
Landman said AI agents are substantial consumers of binaries and also create more binaries that ultimately become deployed software. He said JFrog’s roadmap centers on adding controls around the packages agents can access, protecting Artifactory and retaining release metadata that customers can use to apply policies.
“The key thing is to instill trust into this new reality,” Landman said.
Landman also addressed a question about vulnerabilities affecting on-premises installations. He said some vulnerabilities have greater exposure in on-premises environments because of the configurations needed to exploit them. JFrog provides configuration guidance and issues patches, he said, while platform upgrades can be applied without downtime.
Traffic Controller and AppTrust Expansion Ben Haim said the new Package Traffic Controller is intended to direct incoming software packages through Artifactory rather than allowing users or agents to bypass the repository and pull packages directly from the internet. The company is working with SASE providers including Zscaler, Cloudflare and Netskope, he said.
According to Ben Haim, the Traffic Controller works with JFrog Curation to screen packages against organizational policies before they enter Artifactory. He said the approach is designed to maintain developer workflow speed while preventing unapproved or potentially risky artifacts from entering an organization’s software environment.
Chief Financial Officer Ed Grabscheid said Curation is currently priced on a per-seat basis for contributing developers. He said that directing more trusted binaries into Artifactory could drive additional storage and consumption, and that JFrog expects pricing to evolve over time. He did not provide details of potential pricing changes.
On the governance side, executives said AppTrust is designed to support continuous compliance at the level of every build, rather than periodic compliance reviews. The operator said regulations such as the Cyber Resilience Act and NIST-related requirements are contributing to governance deadlines for organizations.
JFrog Fly and Enterprise Strategy Landman said JFrog incorporated capabilities from JFrog Fly, which had been presented as an agentic repository initiative, into the broader platform. The company used Fly to learn how agents could interact with binary repositories and to capture metadata created through developer and coding-agent interactions, he said. Two of Fly’s capabilities were integrated into Artifactory, while another was incorporated into AppTrust, Ben Haim said.
When asked about the impact of agent-focused Git platforms, Landman said JFrog sees Git increasingly serving as intermediate storage for code before it becomes binaries. He said the company believes binaries remain the more relevant layer for trust, policy and release management.
Ben Haim said JFrog remains focused on enterprise customers, citing its investments in enterprise go-to-market operations, support, customer success, professional services and product development. He said AI-related risks, including shadow AI and code snippets copied into software, are expanding the security needs of both existing and new customers.
Grabscheid said JFrog is focused on executing through 2027 under its existing long-term model. He said the company would revisit its guidance framework as it progresses through that period, while continuing to provide investors with metrics including remaining performance obligations, security-related RPO and net dollar retention.
About JFrog (NASDAQ:FROG) JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
JFrog’s AI Opportunity Could Fuel a Big Leap in Share PriceJFrog NASDAQ: FROG used its swampUP 2026 investor session to outline product updates aimed at securing, remediating and governing software supply chains as enterprises deploy more AI-assisted development tools. Executives also discussed customer adoption of its AppTrust governance offering, integrations with security providers and the company’s approach to managing AI-generated software artifacts.
The company framed its strategy around three themes: “protect, remediate, and control.” The event’s operator highlighted the Package Traffic Controller, integrations with SASE providers including Zscaler and Netskope, expanded support in Artifactory for AI-related assets, a Wiz integration, zero-touch vulnerability remediation capabilities and enhancements to AppTrust.
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Keysight Discusses Governance Needs JFrog Stock Gets Punished for Solid Results: Buy the DipChristophe Romatier, chief information security officer at Keysight Technologies, said the test, measurement and design-solutions company has increased its software development activity and use of AI. Keysight has about 5,000 developers, according to Romatier, and its DevSecOps organization also oversees internal AI initiatives.
Romatier said governance has become both a security and compliance issue, as well as a developer productivity concern. He cited the Secure Software Development Framework and the European Union’s Cyber Resilience Act as regulations that require organizations to catalog artifacts and software bills of materials alongside products.
JFrog leaps on EPS beat and raised guidance“We don’t really want [developers] spending time capturing compliance or filling in compliance checklists,” Romatier said. “We want our developers writing code.”
Keysight selected JFrog AppTrust after identifying a manual process for capturing and archiving compliance materials that was slowing research and development work, he said. Since Keysight had used JFrog Artifactory for years, the company viewed compliance evidence as another class of artifact that could reside alongside binaries and follow products through their release lifecycle.
Romatier said AI coding tools increased the urgency to automate governance. Without automation, Keysight would have needed to devote more developer time to compliance activities or hire additional personnel, he said. Looking ahead, he said Keysight intends to apply governance across its applications rather than maintain separate processes for higher-sensitivity software.
“Once you’ve done the work to automate the tasks that need to occur on every build, on every release, it’s no longer a question of, do I only want to apply it to this area?” Romatier said. He added that Keysight is working toward a regulatory compliance milestone in October of the following year.
Artifactory Positioned as AI Control Plane JFrog Chief Executive Officer Shlomi Ben Haim and Chief Technology Officer Yoav Landman said the growing volume of binaries produced and consumed by AI agents reinforces the importance of artifact management.
Ben Haim described Artifactory as evolving beyond a system of record into a “system of trust.” He said AI labs and other organizations are putting greater demands on software infrastructure as agents consume packages and generate more software artifacts.
Landman said AI agents are substantial consumers of binaries and also create more binaries that ultimately become deployed software. He said JFrog’s roadmap centers on adding controls around the packages agents can access, protecting Artifactory and retaining release metadata that customers can use to apply policies.
“The key thing is to instill trust into this new reality,” Landman said.
Landman also addressed a question about vulnerabilities affecting on-premises installations. He said some vulnerabilities have greater exposure in on-premises environments because of the configurations needed to exploit them. JFrog provides configuration guidance and issues patches, he said, while platform upgrades can be applied without downtime.
Traffic Controller and AppTrust Expansion Ben Haim said the new Package Traffic Controller is intended to direct incoming software packages through Artifactory rather than allowing users or agents to bypass the repository and pull packages directly from the internet. The company is working with SASE providers including Zscaler, Cloudflare and Netskope, he said.
According to Ben Haim, the Traffic Controller works with JFrog Curation to screen packages against organizational policies before they enter Artifactory. He said the approach is designed to maintain developer workflow speed while preventing unapproved or potentially risky artifacts from entering an organization’s software environment.
Chief Financial Officer Ed Grabscheid said Curation is currently priced on a per-seat basis for contributing developers. He said that directing more trusted binaries into Artifactory could drive additional storage and consumption, and that JFrog expects pricing to evolve over time. He did not provide details of potential pricing changes.
On the governance side, executives said AppTrust is designed to support continuous compliance at the level of every build, rather than periodic compliance reviews. The operator said regulations such as the Cyber Resilience Act and NIST-related requirements are contributing to governance deadlines for organizations.
JFrog Fly and Enterprise Strategy Landman said JFrog incorporated capabilities from JFrog Fly, which had been presented as an agentic repository initiative, into the broader platform. The company used Fly to learn how agents could interact with binary repositories and to capture metadata created through developer and coding-agent interactions, he said. Two of Fly’s capabilities were integrated into Artifactory, while another was incorporated into AppTrust, Ben Haim said.
When asked about the impact of agent-focused Git platforms, Landman said JFrog sees Git increasingly serving as intermediate storage for code before it becomes binaries. He said the company believes binaries remain the more relevant layer for trust, policy and release management.
Ben Haim said JFrog remains focused on enterprise customers, citing its investments in enterprise go-to-market operations, support, customer success, professional services and product development. He said AI-related risks, including shadow AI and code snippets copied into software, are expanding the security needs of both existing and new customers.
Grabscheid said JFrog is focused on executing through 2027 under its existing long-term model. He said the company would revisit its guidance framework as it progresses through that period, while continuing to provide investors with metrics including remaining performance obligations, security-related RPO and net dollar retention.
About JFrog (NASDAQ:FROG)JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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swampUP 2026 — JFrog Ltd (Nasdaq: FROG), creators of the JFrog Software Supply Chain Platform, the system of record for trusted software artifacts, binaries, and AI assets, today announced a new integration with Wiz, now part of Google Cloud, that closes a critical gap in AI-Era security: shrinking the time between risk detection and verified code fixes. The JFrog Platform serves as the single source of truth for all software artifacts – from build to production – while the Wiz cloud and AI security platform adds instant cloud runtime visibility. Together, the integration enables security and engineering teams with a unified view of what's running, where it came from, whether it's trusted, and how to fix it – enabling teams to keep pace with frontier AI models that move faster than most organizations can respond.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260902590851/en/
The leader in software supply chain security collaborates with the leading cloud and AI security platform to deliver a single source of truth from code to cloud to runtime – giving teams the visibility and speed to remediate threats before attackers exploit them.
“Today’s enterprise security teams are caught between two sources of information: AppSec teams see what was built but lose visibility once software ships. Cloud security teams see what is running but lack the supply chain context to understand the real risks,” said Gal Marder, Chief Strategy Officer, JFrog. “Our partnership and integration with Wiz solves this by delivering a unified view from build to production – so teams can move from detection to remediation in hours vs. days.”
In the Frontier AI era, the threat landscape has shifted fundamentally. Attackers now weaponize vulnerabilities faster than defenders can respond – the median time to exploit is now under a day, according to recent Forrester research. Yet Mean Time to Remediate (MTTR) – already a critical metric – has become even more consequential. Previously, teams measured remediation in days; now, the difference between hours and days can determine whether an organization is breached. The bottleneck is no longer detection – it is manual investigation. AppSec teams see what was built and scanned; cloud security teams see what is running. That visibility gap forces teams to manually stitch together context across disconnected tools, turning threat response into a weeks-long investigation rather than a hours-long fix.
The JFrog-Wiz integration is designed to close this gap by connecting both halves of the picture in real time. The integration operates through an API-based data workflow. Wiz identifies vulnerable and exposed workloads across cloud environments and JFrog traces each workload back to its source artifact in JFrog Artifactory, enriches it with JFrog Advanced Security vulnerability findings, Contextual Analysis, and AppTrust provenance data. Together, security teams get a unified view and full control: what's running, where it came from, whether it's trusted, and how to fix it – without building custom dashboards or manual correlation. The result: teams spend less time reconstructing context and more time remediating.
The JFrog integration with Wiz delivers:
Faster risk-to-fix motion: What previously took days of manual investigation now takes hours. Security teams see Wiz findings and JFrog supply chain context in one unified view on the Wiz Security Graph with no manual correlation required.Continuous compliance instead of periodic audits: JFrog AppTrust cryptographic verification confirms every running workload matches what was signed and approved. This creates an environment for continuous compliance validation rather than snapshot-based periodic assessments.Ownership clarity and automatic routing: Every artifact carries the team, build pipeline, and individual who promoted it. When a threat is identified, ownership routes automatically – no time wasted chasing down who owns the fix.Automatic detection of untrusted deployments: Untrusted images running from unapproved registries are flagged automatically. Remediation paths trace directly to the build pipeline, with fix availability confirmed against existing Artifactory artifacts.Zero-friction integration: Based on an API connection, the integration requires no new agents, no cluster instrumentation, and no elevated cloud permissions. Customers running both JFrog Advanced Security and Wiz can operationalize this integration in just minutes.“We’re happy to collaborate with JFrog to bring cloud runtime visibility and software supply chain context together in one unified view,” said Oron Noah, VP of Product, Extensibility & Partnerships at Wiz. “This integration helps customers spend less time on manual correlation and more time remediating risk.”
The JFrog-Wiz integration is available to customers immediately and ships as part of JFrog Advanced Security. To learn more and see the integration in action visit www.jfrog.com/jfrog-and-wiz.
Like this Story? Share this on X: @JFrog and @Wiz unite to help businesses stay ahead of #AI-driven security threats – giving joint customers a direct path from production alert to code fix. Learn more: https://jfrog.com/jfrog-and-wiz/ #SoftwareSupplyChain #DevSecOps #swampUP #DevGovOps
About JFrog
JFrog Ltd. (Nasdaq: FROG), the creators of the unified DevOps, DevSecOps, DevGovOps and AgentSecOps platform, is on a mission to create a world of software delivered without friction from development to production. Driven by a “Liquid Software” vision, the JFrog Platform is a software supply chain system of record that is designed to power organizations as they build, manage, and distribute secure software with speed and scale. Holistic security features help identify, protect, and remediate against threats and vulnerabilities. The universal, hybrid, multi-cloud JFrog Platform is available as both SaaS services across major cloud service providers and self-hosted. Millions of users and approximately 6,600 organizations worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation in the AI era. Learn more at https://jfrog.com or follow us on X @JFrog.
This press release contains “forward-looking” statements, as that term is defined under the U.S. federal securities laws, including, but not limited to, statements regarding our expectations with respect to the anticipated performance of JFrog’s integration with Wiz.
These forward-looking statements are based on our current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause JFrog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. There are a significant number of factors that could cause actual results, performance or achievements to differ materially from statements made in this press release, including but not limited to risks detailed in our filings with the Securities and Exchange Commission, including in our annual report on Form 10-K for the year ended December 31, 2025, our quarterly reports on Form 10-Q, and other filings and reports that we may file from time to time with the Securities and Exchange Commission. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. We disclaim any obligation to update forward-looking statements, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260902590851/en/
swampUP 2026--[url="]JFrog Ltd.[/url] (âJFrogâ) (NASDAQ: FROG), the Liquid Software company and creators of the [url="]JFrog Software Supply Chain Platform[
SUNNYVALE, Calif. & NEW YORK--(BUSINESS WIRE)---- $FROG #AI--JFrog Delivers DevGovOps at Scale: Continuous Compliance for the AI-Era Software Supply Chain.
SUNNYVALE, Calif. & NEW YORK--(BUSINESS WIRE)---- $FROG #AI--JFrog Introduces Zero-Touch Remediation to its Self-Healing Software Supply Chain, Broadening its Footprint through Secure Open-Source Partnerships.
SUNNYVALE, Calif. & NEW YORK--(BUSINESS WIRE)---- $FROG #AI--JFrog Partners with Wiz to Close the Gap on AI-Era Threats, Keeping Global Businesses Secure.
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SUNNYVALE, Calif.--(BUSINESS WIRE)---- $FROG #AI--JFrog Introduces the Software Supply Chain Traffic Controller: One Trusted Path for Every Software Package.
JFrog Ltd. (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, the system of record for software artifacts, binaries, and AI assets, today announced new solutions integrated with Zscaler™, Cloudflare, and Netskope – three of the industry's leading Secure Access Service Edge (SASE) providers – to stop malicious packages at the network level before they reach users' machines. The JFrog Traffic Controller universally works with SASE solutions and JFrog Curation to deliver network-layer enforcement that automatically reroutes software package download requests through JFrog Artifactory as the single source of truth – ensuring all software developers and AI agents can develop safely at speed, while giving the organization a traffic enforcement solution to prevent bypasses.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260827530047/en/
Together with industry-leading SASE providers Zscaler, Cloudflare, and Netskope, JFrog enables organizations to control open source consumption at the network edge, ensuring every package and artifact used by developers, AI agents, or non-engineering employees flows through a trusted, governed software supply chain. No bypass. No exceptions.
JFrog's 2026 Software Supply Chain Security State of the Union showed a 451% surge in malicious packages year over year, reaching over 171,000 unique instances. Yet only 40% of organizations have malicious package detection capabilities in place, and secrets detection is active in just 28% of enterprises. The categories growing fastest in threat volume seem to be the least covered by today’s tooling.
“Open source has powered software innovation for decades, but in today’s zero-trust world, simply enabling traffic is no longer enough. Organizations need control over what enters their software supply chain, whether it is requested by a developer, an AI agent, or an automated tool. The answer is not another security alert or another gate that disrupts the developer workflow. It is a universal control point that ensures every package flows through one trusted system of record, where policy can be governed and enforced,” said Shlomi Ben Haim, Co-Founder and CEO, JFrog. “JFrog Traffic Controller extends that enforcement to the network edge, creating one trusted path for software consumption with no exceptions, while developers and AI agents continue working without disruption. We’re thrilled to partner with the world’s leading security companies to bring this vision to our customers while staying true to JFrog’s universal philosophy – empowering our customers with a freedom of choice without compromising control, security, or speed.”
The Threat and the AI Governance Gaps are Getting Worse
Today's threat extends well beyond known malicious packages. AI coding agents like Claude Code, Cursor, Copilot, and Kiro now run directly on developer machines, autonomously pulling dependencies, installing libraries, and invoking build processes with little to no review. Agents – like developers – don't always follow proxy configurations, consult approved package lists, or pause before fetching packages from the default public registries. Therefore, each agent session is a potential unmonitored entry point into the organization's software supply chain.
This risk is amplified as frontier AI models further accelerate attackers' ability to discover and exploit vulnerabilities. The window between disclosure and active exploitation has shrunk to mere hours, making comprehensive visibility into every software component entering the organization the only reliable way to answer, "are we exposed?" before attackers already know the answer.
Gartner recognized these increasing stakes – citing software supply chains as one of “four critical and unpredictable threats where attackers hold a significant advantage to successfully exploit weaknesses in targeted organizations.” The coverage gap is real – not just theoretical – and it’s structural. AI coding agents, autonomous build tools, and non-engineering employees using AI-powered applications often download dependencies directly from public registries, bypassing every pipeline-level control and leaving no audit trail.
Reroute, Don't Block: How JFrog Closes the Governance Gap
The JFrog Software Supply Chain Platform helps stop malicious and unwanted packages at the network layer and creates a complete, auditable record of every package entering the organization across companies using Zscaler, Cloudflare, and Netskope simultaneously. Rather than simply blocking out-of-policy requests, JFrog Traffic Controller transparently reroutes outbound package downloads through JFrog Artifactory, where JFrog Curation inspects each package against the configured security, license, and quality policies before it enters the organization. Compliant packages are delivered without interruption while malicious ones are stopped and, when available, a safe approved version is served automatically.
“By partnering with Cloudflare, Netskope and Zscaler, our Traffic Controller works natively with the security infrastructure our customers already use,” said Gal Marder, Chief Strategy Officer, JFrog. “We're making it possible for the entire software security ecosystem to enforce the same standard with zero friction: every package needs to be curated before first use, every transaction on record, no exceptions. That is how the industry builds a supply chain it can actually trust."
When the Pipeline Is Secure, but the Perimeter Is Not
Adyen, a global financial technology platform enabling businesses to accept, process, and settle payments across online, mobile, and in-store channels, consolidated their software supply chain on the JFrog Platform to help scale their enterprise-wide DevSecOps practices. Adyen uses JFrog Curation as a real-time firewall to block malicious open-source packages from entering their software pipelines. This allows developers to safely pull software components without introducing vulnerabilities, while experiencing zero disruption to their workflow.
“JFrog Curation provides a firewall for open-source packages. You instill policies that defend the organization, but the goal isn't to say ‘no’,” said Supun Vidana Pathiranage, DevSecOps Specialist, at Adyen. “It's about how we can help developers continue their work without disrupting their workflow. We enable development; we don't block it."
Initial Gateway Security Solutions Supported
The JFrog Traffic Controller solution is available immediately through JFrog Curation, supporting:
Zscaler Internet Access™ (ZIA™): Identifies and curates the supply chain software package traffic through JFrog.Cloudflare Gateway: Can be configured to TLS-inspect public registry traffic and apply firewall policies to redirect package requests to JFrog Artifactory.Netskope One SSE: Applies real-time protection policies to redirect package manager traffic through JFrog, with browser passthrough to preserve the developer experience.At the heart of the JFrog Platform, Artifactory serves as the system of record for the software supply chain – storing, managing, and governing the binaries and packages that organizations rely on. When combined with JFrog Curation, the JFrog Platform creates a single source of truth – protected by policy-driven controls – that prevents malicious, risky, or unwanted packages from entering the software supply chain. JFrog Traffic Controller extends this protection to the network edge while preserving customer choice. Traffic Controller is designed as a universal enforcement layer that integrates with leading SASE providers, allowing customers to choose their preferred solution.
“Bringing JFrog's package intelligence into Netskope's real-time protection policies gives joint customers a contextual, policy-driven answer to every package download, facilitating the user and agent build flow rather than a legacy solution which could only block access,” said David Willis, Vice President, Technology Alliances, Netskope.
Support for additional SASE partners is expected to follow. Interested parties can learn more at https://jfrog.com/curation/package-traffic-controller/, read this blog, view this demo, or register for JFrog swampUP 2026 at The Glasshouse in New York, September 1-3, 2026. Register here. Organizations interested in evaluating JFrog Curation and JFrog Traffic Controller can request a demo at jfrog.com/curation.
Like this Story? Share this on X: Your pipeline is locked down. But what about the #AI agent that just pulled a malicious #npm package from outside it? @JFrog + @Zscaler + @Cloudflare + @Netskope just closed that gap with the new JFrog Traffic Controller - stopping malicious #opensource packages at the network edge before they ever touch your pipeline. The perimeter just became part of the pipeline. #SoftwareSupplyChain #DevSecOps #OpenSourceSecurity #security #DevGovOps
About JFrog
JFrog Ltd. (Nasdaq: FROG), the creators of the unified DevOps, DevSecOps and MLOps platform, is on a mission to create a world of software delivered without friction from developer to production. Driven by a "Liquid Software" vision, the JFrog Software Supply Chain Platform is a single system of record that powers organizations to build, manage, and distribute software quickly and securely that is available, traceable, and tamper-proof. Integrated security features also help identify, protect, and remediate against threats and vulnerabilities. JFrog's hybrid, universal, multi-cloud platform is available as both SaaS services across major cloud service providers and self-hosted. Millions of users and 7K+ customers worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation in the AI era.
About JFrog swampUP 2026
JFrog’s annual swampUP event is the premier conference for teams building trusted software in the AI era. Bringing together software developers, security professionals, IT and DevOps leaders, MLOps engineers, and community innovators, swampUP confronts the central challenge of modern software delivery: building, securing, and governing trusted software alongside the AI models and autonomous agents that now ship with it at enterprise scale. Designed to help organizations master the AI surge with "Trusted Intelligence," the 2026 global JFrog swampUP tour features events in New York City (September 1-3 at The Glasshouse) and Barcelona (October 20-22 at The InterContinental). Attendees will experience visionary keynotes, hands-on technical training, and immersive breakout sessions empowering them to engineer trust into their agentic software supply chains without sacrificing speed. Learn more and register at https://swampup.jfrog.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260827530047/en/
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What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
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Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
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Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: JFrog Ltd. (FROG - Free Report) JFrog Ltd. offers a unified platform for managing and securing the software supply chain, which it calls “Liquid Software,” enabling continuous, trusted delivery across hybrid teams. The JFrog Platform integrates development, security, governance, and distribution for artifacts, packages, containers, and AI/ML models, with capabilities in artifact management, vulnerability scanning, policy enforcement, curation, and secure distribution. Deployments include self-managed, SaaS, and hybrid, with integrations across development tools and cloud providers.
FROG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. FROG has a Momentum Style Score of A, and shares are up 10.4% over the past four weeks.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $0.98 per share. FROG boasts an average earnings surprise of +22.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, FROG should be on investors' short list.
Co-founder and Chief Technology Officer Yoav Landman sold 45,000 ordinary shares of JFrog Ltd. (FROG -1.59%) on August 13, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$4.1 millionShares sold (direct)45,000Post-transaction shares (directly held)5,448,338Post-transaction value$518.41 millionTransaction value based on SEC Form 4 weighted average sale price ($90.86); post-transaction value based on August 13, 2026 market close ($95.15).
Key questionsWhat was the underlying driver of this disposition?
The transaction was executed under a Rule 10b5-1 trading plan established on September 1, 2025, which allows insiders to set up a predetermined schedule for selling shares to avoid concerns about trading on non-public information.How significant is the remaining equity position?
Yoav Landman continues to hold ~5.4 million shares directly, and the insider also holds derivative securities. The current transaction represents a minor adjustment to the total position, impacting less than 1% of the insider's direct holdings.What is the company's recent financial and market performance?
As of the August 13, 2026 transaction date, the stock had achieved a 127% one-year return. The company reported trailing twelve-month revenue of $600.0 million and a net loss of -$44.1 million.Company OverviewMetricValueShare Price (as of market close 2026-08-14)$96.17Market Capitalization$11.6 billionRevenue (TTM)$600.0 millionNet Income (TTM)-$44.1 millionCompany SnapshotJFrog delivers a comprehensive DevOps platform featuring JFrog Artifactory, a flexible package repository for storing and managing software packages at scale, alongside JFrog Pipelines, a robust continuous integration and continuous delivery (CI/CD) engine that enables organizations to automate and optimize their software development workflows.The company operates on a subscription-based SaaS model, generating revenue through tiered licensing of its DevOps platform solutions, with customers paying based on usage levels, deployment scale, and feature access across its integrated suite of development and delivery tools.JFrog serves a diverse customer base spanning technology companies, enterprises, and development teams across the United States and globally, targeting organizations of all sizes that require sophisticated software package management and continuous delivery capabilities to accelerate their development cycles.JFrog Ltd. is a market-leading DevOps platform provider with approximately 1,800 employees and a market cap of $11.6 billion, demonstrating significant investor confidence in the software development automation market. The company has achieved substantial revenue scale of $600 million on a trailing 12-month basis while maintaining a strategic focus on expanding its integrated platform capabilities and market penetration within the enterprise DevOps segment.
JFrog's competitive advantage derives from its comprehensive, unified platform approach that consolidates critical DevOps functions -- package management, CI/CD automation, and delivery orchestration -- reducing complexity and integration costs for enterprise customers.
What this transaction means for investorsJFrog co-founder and CTO Yoav Landman's Aug. 13 sale of 45,000 company shares for $90.86 came after the stock had skyrocketed to a 52-week high of $99.22 in July. Even so, his disposition was a non-discretionary transaction conducted under a Rule 10b5-1 trading plan.
This, combined with Landman's massive remaining stake of 5.4 million directly held shares, which ensures his continued alignment with shareholder interests, suggests the sale is not a cause for investor concern.
JFrog shares experienced a dramatic reversal from a 52-week low of $34.05 reached in February thanks to outstanding business performance. The stock had fallen on fears the software-as-a-service sector would be hurt by the rise of artificial intelligence.
Instead, JFrog delivered 29% year-over-year revenue growth to $163.8 million in the second quarter, validating that its business remains robust. The company expects Q3 sales to rise between $164 million and $166 million, representing solid growth from the prior year's $136.9 million.
JFrog Stock Gets Punished for Solid Results: Buy the DipJFrog NASDAQ: FROG said its latest quarterly results reflected continued growth in cloud usage, security adoption and enterprise spending, with management highlighting the company’s role in handling the growing volume of software artifacts generated by artificial intelligence-driven development.
At the Canaccord Genuity Growth Conference, Chief Financial Officer Ed Grabscheid said JFrog delivered 29% top-line growth during the quarter, while cloud revenue rose 53%. He attributed the performance to security demand, customers exceeding minimum cloud commitments and expansions into higher annual commitments.
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JFrog leaps on EPS beat and raised guidance“Security continues to be a significant growth driver for the company,” Grabscheid said, adding that the company also saw strong cloud-product usage across its portfolio. He said the company had expected the operational trends, though investors and analysts may have been more surprised by the strength of the results.
AI Development Drives More Artifacts
Management repeatedly pointed to the effect of AI coding tools and agents on software development volumes. Grabscheid said organizations are increasingly operating as “software factories” that move at the speed of machines, resulting in more code creation and, consequently, more binaries and other artifacts.
2 Tech stocks getting bullish upgrades ahead of Q1JFrog views its Artifactory product as a system of record not only for software binaries but also for large language models, model context protocol, or MCP, connections and agent skills registries, according to Vice President of Investor Relations Jeff Schreiner.
Schreiner said customers have begun looking to host agent skills and MCP connections in Artifactory. He also noted that AI models can create different storage dynamics because earlier model versions may need to be retained rather than deleted.
“The models are becoming first-class binaries because they’re, in fact, the largest form of a binary,” Schreiner said.
The company has introduced integrations with Claude Code and Cursor, which Schreiner said are intended to let customers integrate JFrog’s tools with their preferred coding agents. Through native integrations, customers can use JFrog Curation to scan packages that agents may pull during software builds, including packages from repositories such as PyPI, Go and npm.
Cloud Consumption and Commitments
Grabscheid said cloud usage trends have changed materially over the past three quarters, with customers consuming above their minimum commitments. He said the elevated usage level seen in the first quarter remained consistent in the second quarter and extended broadly across the product portfolio.
According to Grabscheid, reduced friction between developers and budget holders, along with shifting technology budgets to support AI spending, has helped support consumption. JFrog’s model allows customers to use more than their contracted minimums at an overage rate, which the company recognizes as revenue.
Management said its sales team is working to convert elevated usage into higher annual commitments, but does not intend to force customers to make such changes before their budgeting and renewal processes support them. Grabscheid said JFrog expects customers to recommit at higher levels as organizations plan for 2027, potentially improving revenue durability and predictability.
Security Adoption Gains Momentum
Security has shifted from an attached product to a leading component of JFrog’s customer discussions, executives said. Grabscheid said security was included in 80% of the company’s $1 million customer cohort wins during the quarter, while 40% of new customers landed with security.
He said buyer conversations increasingly begin with security rather than Artifactory, as customers focus on protecting software supply chains. JFrog’s security offerings include Curation, which manages what packages or models are permitted to enter an organization, and Advanced Security, which is integrated with Artifactory.
Grabscheid said Curation is particularly important because it operates outside an organization’s firewall and can apply centralized policies to open-source packages and models. Schreiner said JFrog believes its native integration and scalability differentiate it from point-solution competitors.
Security contributed to 80% of the company’s $1 million cohort wins, management said.
Forty percent of new customers adopted security products.
Management said Curation is a primary asset in new security customer wins.
OpenAI Relationship and Profitability Approach
JFrog disclosed that OpenAI is a customer after previously being unable to identify the company publicly. Grabscheid said OpenAI used a self-hosted JFrog environment in connection with a reported sandbox incident involving Hugging Face and an Artifactory zero-day vulnerability. He said JFrog and OpenAI worked to remediate, patch and distribute an update.
Grabscheid said the episode highlighted a difference between self-hosted and cloud deployments: cloud customers receive updates immediately, while self-hosted customers may take days to apply remediation. He said the situation could help revive cloud-migration discussions as customers assess their AI deployment strategies.
Management also emphasized its effort to balance growth and profitability. The operator cited high-20% growth and a 33% free-cash-flow margin for the quarter. Grabscheid said JFrog’s philosophy has been to maintain a balance between growth and profitability, though the company would consider giving up a point of margin to accelerate growth.
On guidance, Grabscheid said JFrog has sought to account conservatively for variability from large enterprise deals and cloud usage above minimum commitments. He said the company’s cloud guidance represented a 34% to 42% range at the midpoint, while its net dollar retention rate floor was increased to 120%.
About JFrog (NASDAQ:FROG)JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in JFrog Right Now?Before you consider JFrog, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.
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On August 13, 2026, JFrog Ltd (FROG) shares rose 10.6% to a current price of $95.15, reflecting a strong upward momentum in the stock's performance. Over the pa
SUNNYVALE, Calif.--(BUSINESS WIRE)---- $FROG #AI--Software and security visionaries join JFrog at swampUP 2026 to chart the future of trusted software and AI delivery at scale.
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is JFrog Ltd. (FROG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
JFrog Ltd. is a member of the Computer and Technology sector. This group includes 614 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. JFrog Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FROG's full-year earnings has moved 2.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, FROG has gained about 41.1% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 17.7% on average. This shows that JFrog Ltd. is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Allient (ALNT - Free Report) . The stock has returned 110.3% year-to-date.
The consensus estimate for Allient's current year EPS has increased 7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, JFrog Ltd. belongs to the Internet - Software industry, which includes 174 individual stocks and currently sits at #101 in the Zacks Industry Rank. This group has lost an average of 1.8% so far this year, so FROG is performing better in this area.
Allient, however, belongs to the Electronics - Miscellaneous Components industry. Currently, this 28-stock industry is ranked #47. The industry has moved -10.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track JFrog Ltd. and Allient. These stocks will be looking to continue their solid performance.
JFrog Stock Gets Punished for Solid Results: Buy the DipJFrog NASDAQ: FROG Chief Financial Officer Ed Grabscheid said artificial intelligence-driven software development is increasing the volume of binaries moving through software supply chains, creating demand for the company’s software management and security platform.
Speaking at KeyBanc’s Park City conference, Grabscheid described AI coding tools as making code creation less expensive and faster, while making binaries—the compiled software assets that move through the development and deployment process—the more important asset to manage and secure.
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JFrog leaps on EPS beat and raised guidance“Every organization is becoming this software factory and moving at the speed of machines,” Grabscheid said. “Code is becoming cheap, and the primary asset is the binary.”
He said the emergence of large language models, Model Context Protocol, and skills has added new categories of software assets. JFrog’s Artifactory product manages binaries across the software supply chain, and Grabscheid said machine-generated code is producing an “exponential” increase in the number of binaries customers need to handle.
Quarterly Growth Supported by Cloud, Security and Usage 2 Tech stocks getting bullish upgrades ahead of Q1Grabscheid said JFrog’s second-quarter results included 29% year-over-year total revenue growth and 53% cloud revenue growth. He identified three key drivers: adoption of security products, higher customer usage associated with the rising volume of binaries, and broader use of JFrog’s platform.
Security has become an increasingly important cross-sell opportunity, he said, as customers add products around Artifactory and increase their commitments to JFrog. The company’s Enterprise+ platform customer base grew 39% year over year and represented 59% of revenue, according to Grabscheid.
Usage above customers’ contracted minimum commitments also contributed to revenue, he said. Customers may choose to pay for overages while they assess how much capacity they will need in an AI-driven development environment rather than immediately committing to a larger contract.
Grabscheid said the model gives customers lower per-gigabyte pricing for minimum commitments while allowing flexibility to exceed those commitments. JFrog’s sales team is working to convert excess usage into longer-term commitments, though its incentives are tied to commitments rather than overage revenue, he said.
He pointed to JFrog’s updated cloud growth outlook as evidence that customer commitments are increasing. The company had previously guided for 34% cloud growth at the midpoint and later raised that outlook to 42%, he said. JFrog does not separately quantify the revenue contribution from usage above minimum commitments.
Security Pipeline Gains Attention After Supply-Chain Incidents Grabscheid said software supply-chain attacks are raising awareness of JFrog’s security offerings, particularly JFrog Curation, which is designed to help organizations control what software packages enter their environments.
He cited the Shai-Hulud open-source security incidents as contributing to increased pipeline since the first event in September 2025. Curation has become a larger part of the company’s security sales mix, he said, after previously accounting for roughly half of security activity.
“Developers and machines want to move quickly,” Grabscheid said. “There is a hesitancy, particularly from the CISO, around what you bring into the organization, and Curation fills the need.”
He said 40% of JFrog’s new customer wins in the quarter included security products. The company sees Curation as easier to sell because it does not require displacement of an existing product, while JFrog Advanced Security generally involves replacing point solutions and can carry longer sales cycles.
According to Grabscheid, large security incidents can accelerate buying decisions because enterprises may access what he described as an “incident budget” to address immediate risks. He said JFrog recorded security-related customer activity in the fourth quarter, first quarter and second quarter following such events.
AI Customers and Hybrid Deployments Grabscheid also discussed JFrog’s growing presence among AI foundation-model labs. He said the company now serves four of the top five foundational labs, though he did not name the full group. He said the customer base provides a blueprint for JFrog in a newer market category beyond its traditional presence in industries including automotive and financial services.
One recent AI customer win involved a competitive displacement and a hybrid deployment, according to Grabscheid. He said some foundation-model companies initially adopted self-hosted deployments because they operate their own data centers and seek control over their environments. The new customer, however, placed its core deployment in the cloud while extending operations to self-hosted environments at the edge.
Grabscheid said JFrog’s ability to support both cloud and self-hosted environments differentiates it from vendors that focus on only one deployment model.
He also addressed an OpenAI Hugging Face-related incident, saying JFrog responded quickly and transparently and worked with the customer on remediation and patches. Cloud customers were immediately covered, he said, while self-hosted customers need to download updates to receive patches for a vulnerability. Grabscheid said the event also highlighted a potential opportunity to move more customers toward cloud and SaaS deployments.
Managing Internal AI Costs While AI tools have improved engineering productivity, Grabscheid said their costs have become a distinct budget line for JFrog. The company has shifted from tools such as Copilot and Cursor toward Claude in some cases, he said, adding that both productivity gains and spending have risen substantially.
JFrog has managed the increased spending by reviewing planned research-and-development hiring and using discretionary budgets, while continuing to invest in innovation, Grabscheid said. He said the company is also evaluating model routing, caps on spending for certain organizations, and other methods to optimize AI-related expenditures.
JFrog introduced Boost, a community-focused offering aimed at helping users optimize AI tool usage. Grabscheid said the offering is not being released primarily for monetization because the AI market is changing rapidly. Initially focused on reducing the number of lines generated, Boost has evolved toward directing workloads to appropriate models and supporting orchestration, he said.
About JFrog (NASDAQ:FROG)JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in JFrog Right Now?Before you consider JFrog, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.
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With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Assenagon Asset Management S.A. lowered its position in shares of JFrog Ltd. (NASDAQ:FROG – Free Report) by 42.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 338,252 shares of the company’s stock after selling 250,638 shares during the quarter. Assenagon Asset Management S.A. owned about 0.28% of JFrog worth $30,740,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FROG. Avior Wealth Management LLC purchased a new position in JFrog in the second quarter valued at approximately $289,000. Moody National Bank Trust Division purchased a new stake in JFrog during the second quarter worth approximately $822,000. Lavelle Capital LP purchased a new stake in JFrog during the first quarter worth approximately $1,046,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of JFrog in the first quarter worth $294,000. Finally, Western Wealth Management LLC acquired a new stake in shares of JFrog in the first quarter worth $30,000. Institutional investors and hedge funds own 85.02% of the company’s stock.
JFrog Trading Up 7.8% NASDAQ FROG opened at $89.52 on Friday. The company’s fifty day simple moving average is $85.16 and its 200-day simple moving average is $63.11. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $99.22. The stock has a market cap of $10.84 billion, a P/E ratio of -241.94 and a beta of 1.22.
JFrog (NASDAQ:FROG – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.76%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. On average, research analysts expect that JFrog Ltd. will post -0.15 EPS for the current fiscal year.
Insiders Place Their Bets In other news, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.84, for a total transaction of $10,300,800.00. Following the sale, the director directly owned 3,224,328 shares of the company’s stock, valued at approximately $276,776,315.52. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 150,000 shares of JFrog stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $89.99, for a total value of $13,498,500.00. Following the sale, the chief technology officer directly owned 5,539,038 shares in the company, valued at approximately $498,458,029.62. The trade was a 2.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 938,649 shares of company stock worth $76,347,827 in the last quarter. 11.80% of the stock is owned by corporate insiders.
Key Headlines Impacting JFrog Here are the key news stories impacting JFrog this week:
Positive Sentiment: Q2 results beat expectations. JFrog reported adjusted earnings of $0.27 per share versus the $0.24 consensus estimate, while revenue rose 28.7% year over year to $163.8 million, above both analyst expectations and the company’s prior guidance. JFrog Q2 Earnings Beat Estimates on Cloud and Security Growth Positive Sentiment: Cloud and security momentum strengthened. Cloud revenue jumped 53% to approximately $87.5 million, representing 53% of total revenue. JFrog also reported 97 customers with more than $1 million in annual recurring revenue and 121% net dollar retention, supporting the company’s expansion and recurring-revenue outlook. JFrog stock jumps as Q2 results top guidance and full-year outlook moves higher Positive Sentiment: JFrog raised its outlook. Fiscal 2026 revenue guidance increased to $648 million-$652 million from $628 million-$632 million, while adjusted EPS guidance rose to $0.96-$1.00. Third-quarter guidance of $164 million-$166 million in revenue and $0.22-$0.24 in EPS also exceeds consensus estimates. JFrog forecasts 2026 revenue amid cloud growth outlook Positive Sentiment: Analysts raised targets following the report. Benchmark raised its target to $120 and JPMorgan, Oppenheimer, and BTIG lifted theirs to $115. Truist increased its target to $110, while Piper Sandler raised its target to $90 but retained a neutral rating. Analyst price-target updates Neutral Sentiment: Software stocks broadly moved higher as solid earnings reduced concerns about artificial-intelligence disruption, providing a favorable sector backdrop for FROG. Stocks that explain today’s market Negative Sentiment: Recent insider-trading data shows company insiders recorded numerous open-market sales and no purchases over the past six months. This may temper enthusiasm, although the selling can also reflect scheduled transactions or equity compensation. Analyst Upgrades and Downgrades A number of brokerages have recently commented on FROG. Piper Sandler raised their target price on shares of JFrog from $65.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday. Canaccord Genuity Group set a $105.00 price target on shares of JFrog in a research report on Friday. Needham & Company LLC increased their price target on JFrog from $80.00 to $115.00 and gave the company a “buy” rating in a report on Friday. TD Cowen raised their price objective on JFrog from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Finally, Cantor Fitzgerald boosted their price objective on JFrog from $80.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.81.
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JFrog Profile (Free Report)
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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For the quarter ended June 2026, JFrog Ltd. (FROG - Free Report) reported revenue of $163.77 million, up 28.7% over the same period last year. EPS came in at $0.27, compared to $0.18 in the year-ago quarter.
The reported revenue represents a surprise of +5.36% over the Zacks Consensus Estimate of $155.43 million. With the consensus EPS estimate being $0.24, the EPS surprise was +12.5%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JFrog performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- License- self-managed: $8.23 million compared to the $7.21 million average estimate based on seven analysts. The reported number represents a change of +33.8% year over year.Revenue- Subscription- self-managed and SaaS: $155.55 million compared to the $148.21 million average estimate based on seven analysts. The reported number represents a change of +28.5% year over year.Revenue- Subscription- SaaS: $87.49 million versus the five-analyst average estimate of $80.85 million. The reported number represents a year-over-year change of +53.2%.Revenue- Self-managed subscription- Subscription: $68.06 million compared to the $67.6 million average estimate based on five analysts. The reported number represents a change of +6.4% year over year.Revenue- Self-managed subscription: $76.28 million compared to the $74.75 million average estimate based on five analysts. The reported number represents a change of +8.8% year over year.View all Key Company Metrics for JFrog here>>>
Shares of JFrog have returned -13.1% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways JFrog Q2 revenue rose 28.7% to $163.77M, while non-GAAP EPS climbed 50% to 27 cents. Cloud revenue jumped 53% to $87.5M, reaching 53% of sales as usage topped contractual minimums. JFrog raised 2026 revenue guidance to $648M-$652M and its cloud growth outlook to 41%-43%. JFrog (FROG - Free Report) reported second-quarter 2026 non-GAAP earnings of 27 cents per share, up 50% year over year and ahead of the Zacks Consensus Estimate by 12.5%.
Revenues of $163.77 million increased 28.7% year over year and topped the consensus mark by 5.36%.
Results benefited from strong cloud consumption, growing security adoption and broader platform expansion. Cloud revenues rose 53% year over year to $87.5 million, while trailing four-quarter net dollar retention reached 121%.
FROG’s Cloud Growth Accelerates in Q2Cloud represented 53% of total revenues in the quarter, up from 45% a year earlier. Management said that robust usage across the customer base continued to exceed contractual minimum commitments, supported by higher software artifact volumes and adoption of security products.
Self-managed revenues totaled $76.3 million, up 9% year over year. JFrog continues to engage on-premises customers around cloud and hybrid offerings as enterprises evaluate software supply chain needs in a rapidly changing security environment.
JFrog Security Adoption Lifts Enterprise MixSecurity remained a major expansion driver. More than 80% of customers that joined the cohort spending over $1 million annually added security, while more than 40% of new-logo wins included security in the initial purchase.
Enterprise+ subscriptions accounted for 59% of total revenues, up from 55% a year ago, with related revenues growing 39%. Customers with annual recurring revenue above $1 million rose to 97 from 61, while those above $100,000 increased to 1,291 from 1,076.
FROG Benefits From AI-Driven Software ActivityManagement highlighted that AI adoption is increasing the volume of binaries and other software artifacts moving through customer pipelines. JFrog is positioning its platform as infrastructure for managing, securing, and governing software created by both human developers and AI agents.
The company also highlighted integrations with Claude Code and Cursor, along with a new AI-native customer that adopted JFrog in a hybrid deployment after replacing a competing solution. Management said that this customer required greater scale for binary traffic and distribution across regions.
FROG Expands Margins as Operating Leverage ImprovesNon-GAAP gross margin was 83.2% compared with 83.1% in the year-ago quarter. Management reiterated its expectation for full-year non-GAAP gross margin to remain in the 82%-83% range as cloud becomes a larger part of the revenue mix.
Non-GAAP operating expenses were $103.6 million, or 63% of revenues, compared with $86.4 million, or 68%, a year ago.
Non-GAAP operating income reached $32.6 million, translating to a 19.9% margin compared with 15.2% in the prior-year quarter.
JFrog Cash Flow and RPO StrengthenJFrog ended June with $824.5 million in cash and short-term investments, up from $704.4 million at the end of 2025. Remaining performance obligations, or contracted revenue not yet recognized, totaled $659 million and increased 38% year over year.
Operating cash flow was $57.1 million in the second quarter. Free cash flow reached a record $53.7 million, representing a 33% margin compared with $35.5 million and a 28% margin a year earlier.
JFrog Raises 2026 Outlook on Cloud MomentumFor the third quarter of 2026, JFrog expects revenues of $164 million to $166 million. Non-GAAP operating income is projected to be between $27 million and $29 million, with non-GAAP earnings expected in the 22-24 cents per share range.
For 2026, JFrog raised revenue guidance to $648 million-$652 million, representing 22% growth at the midpoint. Non-GAAP operating income is expected to be between $116 million and $120 million, while non-GAAP earnings are projected to be in the range of 96 cents to $1 per share. The company also raised its baseline cloud growth expectation to 41%-43% and now expects a net dollar retention floor of 120% for the year.
JFrog’s Zacks Rank & Stocks to ConsiderJFrog currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector include Applied Materials (AMAT - Free Report) , Inuvo (INUV - Free Report) and Analog Devices (ADI - Free Report) . Each stock carries a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Applied Materials shares have gained 105.3% in the year-to-date period. Applied Materials is set to report second-quarter 2026 results on Aug. 13.
Shares of Inuvo have plunged 58.9% in the year-to-date period. Inuvo is set to report the second-quarter 2026 results on Aug. 11.
Shares of Analog Devices have rallied 39.1% year to date. Analog Devices is slated to report fiscal third-quarter 2026 results on Aug. 19.
Shares of JFrog (FROG +7.02%) charged sharply higher on Friday, surging as much as 15.9%. As of 12:18 p.m. ET, the stock was still up 7.3%.
The catalyst that sent the continuous software release management (CSRM) specialist higher was its quarterly earnings report, which was far better than expected.
Image source: Getty Images.
Surprisingly robust result For the second quarter, JFrog generated revenue of $163.8 million, which climbed 29% year over year. This resulted in adjusted earnings per share (EPS) of $0.27, up 50%.
To put those numbers in context, analysts' consensus estimates called for revenue of $155.64 million and EPS of $0.24, so Twilio exceeded both metrics with room to spare.
Cloud revenue continued to dominate the conversation, growing 53% year over year to $87.5 million, now accounting for 53% of total revenue, up from 45% this time last year. At the same time, customers spending more than $100,000 in annual recurring revenue (ARR) climbed 20%, while those spending $1 million or more jumped 59%. Moreover, the company's net dollar retention rate hit 121%, indicating that existing customers spent 21% more than in the prior-year quarter.
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CEO and co-founder Shlomi Ben Haim lauded the results, saying, "Q2 reflected the strength of our strategy and the disciplined execution of the JFrog team." He went on to say that artificial intelligence (AI) is reshaping how software is created, and "We believe JFrog is well positioned to capture this long-term opportunity while continuing to execute with discipline and efficiency."
In light of the company's robust results, management raised JFrog's full-year revenue forecast to $650 million at the midpoint of its guidance, up from its previous outlook of $630 million issued just three months ago.
Over the past year, investors have feared that AI would begin to automate many tasks that have historically been handled by enterprise software. The strength of JFrog's results suggests those fears may be overblown.
JFrog Ltd (NASDAQ:FROG) on Thursday reported better-than-expected second-quarter financial results.
JFrog reported quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 24 cents per share. The company reported quarterly sales of $163.772 million which beat the analyst consensus estimate of $155.637 million.
JFrog raised its FY2026 adjusted EPS guidance from $0.93-$0.97 to $0.96-$1.00 and also increased sales guidance from $628.000 million-$632.000 million to $648.000 million-$652.000 million.
“Q2 reflected the strength of our strategy and the disciplined execution of the JFrog team,” said Shlomi Ben Haim, CEO and Co-founder of JFrog. “AI is fundamentally reshaping how software is created, accelerating the volume of software artifacts flowing into production and increasing the need for trusted security, governance, and distribution. As enterprises standardize on JFrog as their Software Supply Chain System of Record, we continue to benefit from strong cloud adoption and growing demand for our security solutions. With AI coding agents accelerating software development, and increasingly sophisticated cyber threats raising the bar for trust, we believe JFrog is well positioned to capture this long-term opportunity while continuing to execute with discipline and efficiency.”
JFrog shares rose 17.2% to $97.35 in pre-market trading.
These analysts made changes to their price targets on JFrog following earnings announcement.
BTIG analyst Nick Altmann maintained the stock with a Buy and raised the price target from $100 to $115. Needham analyst Mike Cikos maintained the stock with a Buy and raised the price target from $80 to $115. Considering buying FROG stock? Here’s what analysts think:
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Jeffrey Schreiner - Vice President of Investor Relations
Shlomi Haim - Co-Founder, CEO & Chairman of the Board
Ed Grabscheid - Chief Financial Officer
Conference Call Participants
Matthew Calitri - Needham & Company, LLC, Research Division
William Miller Jump - Truist Securities, Inc., Research Division
Mark Cash - Raymond James & Associates, Inc., Research Division
Howard Ma - Guggenheim Securities, LLC, Research Division
George McGreehan - BofA Securities, Research Division
Radi Sultan - UBS Investment Bank, Research Division
Brian Essex - JPMorgan Chase & Co, Research Division
Andrew Sherman - TD Cowen, Research Division
Jason Celino - KeyBanc Capital Markets Inc., Research Division
Sanjit Singh - Morgan Stanley, Research Division
William Kingsley Crane - Canaccord Genuity Corp., Research Division
Presentation
Operator
Ladies and gentlemen, thank you for joining us, and welcome to the JFrog Second Quarter 2026 Financial Results Earnings Call. [Operator Instructions]
I will now hand the conference over to Jeffrey Schreiner, Head of Investor Relations. Jeffrey, please go ahead.
Jeffrey Schreiner
Vice President of Investor Relations
Thank you, Nicole. Good afternoon, and thank you for joining us as we review JFrog's Second Quarter 2026 financial results, which were announced following the market close today via press release.
Leading the call today will be JFrog's CEO and Co-Founder, Shlomi Ben Haim; and Ed Grabscheid, JFrog's CFO. During this call, we may make statements related to our business that are forward-looking under federal securities laws and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to our future financial performance and including our outlook for the third quarter and full year of 2026. The words anticipate, believe, continue, estimate, expect, intend, will and similar expressions are intended to identify forward-looking statements or similar indications of future expectations. You are cautioned not to place undue reliance on these forward-looking statements, which
JFrog Stock Gets Punished for Solid Results: Buy the DipJFrog NASDAQ: FROG reported second-quarter 2026 results above the high end of its guidance, with revenue growth led by cloud consumption, security-product adoption and larger enterprise commitments.
Total revenue rose 29% year over year to $163.8 million. Cloud revenue increased 53% to $87.5 million and represented 53% of total revenue, compared with 45% a year earlier. Self-managed, or on-premises, revenue grew 9% to $76.3 million.
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JFrog leaps on EPS beat and raised guidanceChief Executive Officer and Co-Founder Shlomi Ben Haim said AI-driven software development is increasing the volume of binaries, packages, models and other artifacts that organizations must manage, secure and distribute. He described JFrog’s platform as evolving to support AI agents as participants in the software supply chain alongside human developers.
Cloud and Enterprise Growth Management attributed cloud growth to higher usage across its customer base, including usage above contractual minimum commitments, as well as adoption of Security Core products. The company said it continues to seek to convert excess usage into higher annual commitments, while excluding usage above committed levels from its outlook.
2 Tech stocks getting bullish upgrades ahead of Q1JFrog reported 97 customers with annual spending above $1 million at the end of the quarter, up from 61 a year earlier. The number of customers spending more than $100,000 annually grew 20% year over year to 1,291.
Enterprise+ subscriptions accounted for 59% of total revenue, up from 55% in the prior-year period. Revenue from Enterprise+ subscriptions increased 39% year over year. Net dollar retention for the trailing four quarters was 121%, improving three percentage points from a year earlier, while gross retention was 97%.
Chief Financial Officer Ed Grabscheid said the company is continuing to encourage on-premises customers to move workloads to cloud or hybrid offerings as customers evaluate options that better align with changing security requirements.
Security Momentum and AI Development Ben Haim said software supply chain attacks are prompting customers to seek security tools integrated with their system of record for software artifacts. He said more than 80% of customers joining JFrog’s over-$1 million annual-spend cohort in the second quarter added security products. More than 40% of overall new-logo wins included security in their initial purchase.
JFrog highlighted its Curation product, which is integrated with Artifactory and is intended to block malicious or risky packages before they enter an organization. In response to analyst questions, Ben Haim said customers are increasingly focused on a “firewall” for the software supply chain as open-source package attacks become more frequent.
The company also discussed a recently disclosed Artifactory zero-day vulnerability identified through an OpenAI model operating in a sandboxed environment. Ben Haim said OpenAI contacted JFrog after finding the issue, and JFrog released a patch for self-hosted customers. He said JFrog’s cloud offering was not breached and that OpenAI confirmed the patch resolved the vulnerability.
Ben Haim said the incident underscored the importance of secure AI-model deployment, configuration guardrails and rapid remediation. He also said it could increase customer interest in JFrog’s SaaS cloud offering and security products, though the company did not quantify any impact on demand.
During the quarter, JFrog announced integrations with AI coding tools Claude Code and Cursor. Ben Haim said the integrations are intended to provide developers and coding agents with security policy enforcement and remediation guidance within AI-driven development workflows.
Profitability and Commitments JFrog generated gross profit of $136.2 million, for an 83.2% gross margin, compared with 83.1% in the year-earlier quarter. Operating profit was $32.6 million, or a 19.9% operating margin, compared with a 15.2% margin a year earlier.
Cash flow from operations totaled $57.1 million. Free cash flow reached a record $53.8 million, or a 33% margin, compared with $35.5 million and a 28% margin in the prior-year period.
The company ended June with $824.5 million in cash and short-term investments, up from $704.4 million at the end of 2025. Remaining performance obligations totaled $659 million, a 38% year-over-year increase. Grabscheid said larger security-related average selling prices and multi-year agreements contributed to the RPO growth.
Management said it did not pull material business from the third quarter into the second quarter. Grabscheid added that security adoption was a key factor in larger and longer-duration agreements.
Raised 2026 Outlook For the third quarter, JFrog forecast revenue of $164 million to $166 million, non-GAAP operating profit of $27 million to $29 million, and non-GAAP diluted earnings per share of $0.22 to $0.24, based on approximately 130 million diluted shares.
For full-year 2026, the company raised its revenue outlook to $648 million to $652 million, representing 22% year-over-year growth at the midpoint. It projected non-GAAP operating income of $116 million to $120 million and non-GAAP diluted earnings per share of $0.96 to $1.00.
JFrog also raised its estimated baseline cloud growth outlook for 2026 to 41% to 43% and set a 120% floor for full-year net dollar retention. The company reiterated its expected annual gross-margin range of 82% to 83% as cloud revenue becomes a larger portion of its business.
About JFrog (NASDAQ:FROG)JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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JFrog Ltd. (FROG - Free Report) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +12.50%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.27, delivering a surprise of +22.73%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
JFrog, which belongs to the Zacks Internet - Software industry, posted revenues of $163.77 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.36%. This compares to year-ago revenues of $127.22 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
JFrog shares have added about 35.3% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for JFrog?While JFrog has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for JFrog was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $158.61 million in revenues for the coming quarter and $0.96 on $631.13 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Quantum Computing Inc. (QUBT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Quantum Computing Inc.'s revenues are expected to be $4.7 million, up 7733.3% from the year-ago quarter.
Analysts on Wall Street project that JFrog Ltd. (FROG - Free Report) will announce quarterly earnings of $0.24 per share in its forthcoming report, representing an increase of 33.3% year over year. Revenues are projected to reach $155.43 million, increasing 22.2% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some JFrog metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Revenue- License- self-managed' stands at $7.21 million. The estimate indicates a year-over-year change of +17.2%.
It is projected by analysts that the 'Revenue- Subscription- self-managed and SaaS' will reach $148.21 million. The estimate points to a change of +22.4% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Subscription- SaaS' reaching $80.85 million. The estimate indicates a change of +41.6% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Self-managed subscription- Subscription' will reach $67.60 million. The estimate points to a change of +5.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Self-managed subscription' should come in at $74.75 million. The estimate points to a change of +6.6% from the year-ago quarter.
View all Key Company Metrics for JFrog here>>>
JFrog shares have witnessed a change of -10.4% in the past month, in contrast to the Zacks S&P 500 composite's +3.5% move. With a Zacks Rank #3 (Hold), FROG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Board of Directors member Yossi Sela reported a sale of 25,000 shares of JFrog Ltd. (FROG -4.13%) at $87.43 per share in an SEC Form 4 filing.
Transaction summaryTransaction value$2.2 millionShares sold25,000Post-transaction shares (directly held)83,349Post-transaction value$7.21 millionTransaction value based on SEC Form 4 weighted average sale price ($87.43); post-transaction value based on July 16, 2026 market close ($86.53).
Key questionsWhat is the nature of this transaction?
The sale was conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a pre-determined schedule for selling stock to avoid concerns about trading on non-public information. This specific plan was established on September 5, 2025, approximately 10 months prior to the execution.How does this sale impact the insider's total equity position?
Sela continues to maintain 83,349 directly-held shares following this transaction. The sale represented 23% of the director's total direct equity, leaving a remaining position valued at $7.21 million based on the market close on the date of the trade.How did the execution price compare to the market session?
The shares were sold at a weighted average price of $87.43, which was a premium to the July 16, 2026 market close of $86.53. The transaction was executed in multiple trades at prices ranging from $86.13 up to $90.11.Company OverviewMetricValueShare Price (as of market close 2026-07-17)$88.54Market Capitalization$10.7 billionRevenue (TTM)$563.4 millionNet Income (TTM)-$61.6 millionCompany SnapshotJFrog delivers a comprehensive DevOps platform centered on JFrog Artifactory, a flexible package repository that enables teams and enterprises to store, update, and manage software packages at scale, complemented by JFrog Pipelines, a robust continuous integration and continuous delivery (CI/CD) engine that streamlines software development workflows.The company operates a subscription-based SaaS business model, generating revenue through recurring subscriptions for its DevOps platform offerings, which serve as mission-critical infrastructure for enterprise software development teams.JFrog primarily targets mid-market and enterprise organizations across the United States that require sophisticated software development and delivery infrastructure, with particular strength among technology companies, financial services firms, and other enterprises managing complex software development operations.JFrog is a leading provider of DevOps platform solutions with approximately 1,800 employees and a market capitalization of $10.7 billion as of July 2026. The company has demonstrated significant market momentum, with a one-year share price appreciation of 115%, reflecting strong investor confidence in the DevOps infrastructure market. JFrog's competitive advantage derives from its integrated platform approach, combining artifact management, CI/CD automation, and software supply chain security into a unified solution that addresses critical enterprise development infrastructure needs.
What this transaction means for investorsThe July 16 sale of JFrog stock by Director Yossi Sela came not long after shares hit a multi-year high of $99.22 on July 7. Even so, the disposition was a non-discretionary transaction executed as part of a prearranged Rule 10b5-1 trading plan.
As a result, the sale does not suggest a cause for concern among investors. Moreover, Sela maintained a sizable equity stake of over 80,000 directly-held shares in JFrog post-transaction, ensuring continued alignment with shareholder interests.
JFrog stock skyrocketed for several reasons. It was included in the Russell 3000 Index on June 26. The company produced first-quarter revenue of $154 million, representing a strong 26% year-over-year increase, while decreasing its operating loss nearly in half to $12.9 million compared to a loss of $23 million in 2025. It partnered with artificial intelligence giant Anthropic to boost AI security.
Perhaps the biggest share price driver was JFrog’s forecast for 2026 sales to come in between $628 million to $632 million. That’s significant growth over 2025’s $531.8 million.
On July 28, 2026, JFrog Ltd (FROG) shares fell by 5.9% to a current price of $76.42. The stock has experienced a 52-week range between $34.05 and $99.22, indica
SUNNYVALE, Calif.--(BUSINESS WIRE)---- $FROG #AI--JFrog will present at the KeyBanc and Canaccord Genuity investor conferences during the third quarter of 2026.
Daventry Group LP acquired a new position in shares of JFrog Ltd. (NASDAQ:FROG – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 473,430 shares of the company’s stock, valued at approximately $22,218,000. JFrog comprises about 25.3% of Daventry Group LP’s portfolio, making the stock its largest holding. Daventry Group LP owned approximately 0.39% of JFrog as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Snowden Capital Advisors LLC increased its stake in JFrog by 1.7% in the second quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock valued at $666,000 after acquiring an additional 253 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in JFrog by 2.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company’s stock worth $948,000 after purchasing an additional 299 shares during the last quarter. Praxis Investment Management Inc. lifted its stake in JFrog by 8.0% during the first quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company’s stock worth $208,000 after purchasing an additional 330 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of JFrog by 5.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock worth $326,000 after purchasing an additional 377 shares in the last quarter. Finally, Millstone Evans Group LLC boosted its holdings in shares of JFrog by 242.6% in the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of brokerages recently weighed in on FROG. JPMorgan Chase & Co. raised their price objective on JFrog from $76.00 to $100.00 and gave the company an “overweight” rating in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of JFrog in a research note on Monday, June 8th. Barclays increased their price target on shares of JFrog from $75.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Raymond James Financial reissued an “outperform” rating on shares of JFrog in a research note on Wednesday, July 22nd. Finally, Truist Financial boosted their price objective on shares of JFrog from $80.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Twenty-one analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, JFrog presently has an average rating of “Moderate Buy” and a consensus price target of $87.90.
Get Our Latest Analysis on FROG
JFrog Trading Up 1.3% FROG opened at $81.23 on Tuesday. JFrog Ltd. has a 12 month low of $34.05 and a 12 month high of $99.22. The business’s 50-day moving average price is $83.69 and its 200-day moving average price is $61.70. The company has a market cap of $9.84 billion, a P/E ratio of -153.26 and a beta of 1.20.
JFrog (NASDAQ:FROG – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. JFrog had a negative return on equity of 4.61% and a negative net margin of 10.93%.The company had revenue of $153.98 million during the quarter, compared to analysts’ expectations of $147.45 million. During the same period in the prior year, the business posted $0.20 EPS. JFrog’s quarterly revenue was up 25.8% compared to the same quarter last year. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. Equities research analysts forecast that JFrog Ltd. will post -0.15 earnings per share for the current fiscal year.
Insider Transactions at JFrog In other news, CTO Yoav Landman sold 700 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $99.00, for a total transaction of $69,300.00. Following the completion of the sale, the chief technology officer owned 5,538,338 shares of the company’s stock, valued at approximately $548,295,462. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eduard Grabscheid sold 5,654 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $84.69, for a total transaction of $478,837.26. Following the completion of the transaction, the chief financial officer owned 209,658 shares in the company, valued at $17,755,936.02. This represents a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 917,399 shares of company stock valued at $73,629,102. Insiders own 11.80% of the company’s stock.
About JFrog (Free Report)
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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Bank of New York Mellon Corp boosted its holdings in JFrog Ltd. (NASDAQ:FROG – Free Report) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,539,979 shares of the company’s stock after purchasing an additional 310,068 shares during the quarter. Bank of New York Mellon Corp owned about 1.27% of JFrog worth $72,271,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in FROG. Vanguard Group Inc. increased its stake in shares of JFrog by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock valued at $593,734,000 after acquiring an additional 362,654 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in JFrog by 82.2% in the fourth quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock worth $330,901,000 after purchasing an additional 2,389,415 shares during the period. Wasatch Advisors LP grew its holdings in JFrog by 187.4% in the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after purchasing an additional 2,710,167 shares during the period. Price T Rowe Associates Inc. MD increased its stake in JFrog by 30.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company’s stock valued at $167,590,000 after purchasing an additional 633,231 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in JFrog by 37.5% in the fourth quarter. Fiera Capital Corp now owns 2,253,450 shares of the company’s stock valued at $140,750,000 after purchasing an additional 614,383 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.
Insider Activity at JFrog In other JFrog news, CEO Ben Haim Shlomi sold 15,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $94.37, for a total value of $1,415,550.00. Following the transaction, the chief executive officer directly owned 4,577,237 shares in the company, valued at $431,953,855.69. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eduard Grabscheid sold 5,654 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $84.69, for a total transaction of $478,837.26. Following the transaction, the chief financial officer directly owned 209,658 shares of the company’s stock, valued at $17,755,936.02. This represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 917,399 shares of company stock worth $73,629,102. 11.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades A number of equities analysts have recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating on shares of JFrog in a research report on Wednesday. Benchmark started coverage on JFrog in a research note on Thursday, June 25th. They set a “buy” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. increased their price target on JFrog from $68.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $80.00 price objective on shares of JFrog in a report on Friday, May 8th. Finally, TD Cowen lifted their price target on shares of JFrog from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.76.
Read Our Latest Report on FROG
JFrog Price Performance Shares of FROG stock opened at $79.68 on Thursday. The firm has a 50-day moving average of $82.82 and a 200-day moving average of $61.24. JFrog Ltd. has a one year low of $34.05 and a one year high of $99.22. The company has a market cap of $9.65 billion, a P/E ratio of -150.34 and a beta of 1.20.
JFrog (NASDAQ:FROG – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $153.98 million for the quarter, compared to analysts’ expectations of $147.45 million. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. As a group, research analysts expect that JFrog Ltd. will post -0.15 earnings per share for the current fiscal year.
JFrog Company Profile (Free Report)
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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Thrivent Small Cap Growth Fund returned 25.54% during the quarter, modestly underperforming the Russell 2000 Growth Index return of 25.71%. JFrog reported stronger than expected revenue growth, reinforcing the view that customers are consolidating around JFrog as software delivery and AI-assisted development become more complex. Guidewire underperformed amid a valuation reset in higher-multiple software in addition to not raising its FY26 ARR guide due to timing of a few deals slipping to the subsequent quarter.
SUNNYVALE, Calif.--(BUSINESS WIRE)--JFrog Ltd (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, the system of record for software artifacts, binaries, and AI assets, today announced it will report financial results for the second quarter 2026 on Thursday, August 6, 2026, following the market close. JFrog will host a conference call to discuss the results at 2:00 p.m. PT on the same day.
JFrog Ltd. (Nasdaq: FROG), the creators of the unified DevOps, DevSecOps, DevGovOps and MLOps platform, is on a mission to create a world of software delivered without friction from development to production. Driven by a “Liquid Software” vision, the JFrog Platform is a software supply chain system of record that is designed to power organizations as they build, manage, and distribute secure software with speed and scale. Holistic security features help identify, protect, and remediate against threats and vulnerabilities. The universal, hybrid, multi-cloud JFrog Platform is available as both SaaS services across major cloud service providers and self-hosted. Millions of users and approximately 6,600 organizations worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation in the AI era. Learn more at www.jfrog.com or follow us on X @JFrog.
Key Takeaways JFrog and DCI will bring automated SBOMs and stronger supply chain security to Canadian agencies. AI demand is lifting Artifactory, Xray, Curation and Advanced Security across enterprise workflows. First-quarter revenues rose 26% to $154M year over year, while $1M-plus ARR customers climbed 48% to 80. JFrog (FROG - Free Report) is expanding its presence in the Canadian public sector through a partnership with Digital Commerce Intelligence (DCI), strengthening its software supply chain security and compliance capabilities.
Under the collaboration, DCI will integrate JFrog's Software Supply Chain Platform into its government-focused offerings, enabling Canadian federal, provincial and municipal organizations to automate software bill of materials (SBOM) generation, improve software transparency and comply with evolving cybersecurity standards. The partnership is designed to help public sector agencies secure software development while responding more efficiently to increasingly stringent software transparency requirements.
The collaboration expands JFrog's public sector presence as software supply chain security becomes increasingly important amid rising cyber threats and evolving regulations. Integrating JFrog's DevSecOps platform with DCI's government expertise is expected to simplify compliance, enhance software governance and strengthen cyber resilience across Canadian public institutions. The partnership also supports JFrog's strategy of broadening platform adoption through ecosystem collaborations.
JFrog Benefits From AI-Driven Software Supply Chain SecurityJFrog shares have surged 47.3% year to date, significantly outperforming the broader Zacks Computer and Technology sector's 16.9% return. The rally reflects investors' confidence in JFrog's artificial intelligence (AI)-driven cloud growth, expanding software supply chain security business, and growing enterprise adoption.
The DCI partnership supports JFrog's broader strategy of becoming the trusted software supply chain platform for enterprises and government agencies. As AI coding assistants and open-source software accelerate application development, organizations increasingly need a unified platform to secure, govern and manage software throughout its lifecycle.
JFrog's platform serves as a centralized system of record for software artifacts, binaries, and AI assets across DevOps, DevSecOps and MLOps workflows. Management noted that AI is creating an "AI-fueled tsunami of binaries," driving demand for JFrog Artifactory as well as security solutions such as Curation, Xray and Advanced Security, which help prevent malicious software packages from entering production while providing continuous governance and policy enforcement.
Further expanding its portfolio, on June 2026, JFrog partnered with Anthropic to bring enterprise-grade software supply chain governance and security to Claude Code, enabling developers and AI coding agents to securely access trusted software packages, AI artifacts and governance controls directly from the JFrog Platform. Together, these initiatives strengthen JFrog's position as the trust layer for enterprise AI software development.
JFrog's expanding DevSecOps platform is translating into strong business momentum. First-quarter 2026 revenues grew 26% year over year to $154 million, while customers with more than $1 million in annual recurring revenues increased 48% to 80, reflecting rising demand for software supply chain security solutions.
JFrog Offers Strong Q2 2026 OutlookJFrog's expanding software supply chain platform, accelerating AI adoption, and growing cloud business are expected to support long-term revenue growth.
For the second quarter of 2026, JFrog expects revenues to be between $154 million and $156 million.
The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $155.43 million, indicating continued year-over-year growth of 22.18%.
The consensus mark for second-quarter 2026 earnings is pegged at 24 cents per share, unchanged over the past 30 days. The figure implies a year-over-year increase of 33.33%.
JFrog's Zacks Rank & Stocks to ConsiderCurrently, JFrog carries a Zacks Rank #3 (Hold).
Digital Turbine (APPS - Free Report) , Dell Technologies (DELL - Free Report) and Analog Devices (ADI - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. Digital Turbine, Dell Technologies and Analog Devices sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
APPS shares have rallied 99% in the year-to-date period. The long-term earnings growth rate for Digital Turbine is pegged at 18.98%.
DELL shares have surged 239.3% in the year-to-date period. The long-term earnings growth rate for Dell Technologies is pegged at 26.35%.
Shares of ADI have gained 42.3% in the year-to-date period. The long-term earnings growth rate for Analog Devices is pegged at 28.76%.
SUNNYVALE, Calif. & OTTAWA, Ontario--(BUSINESS WIRE)---- $FROG #AI--JFrog and DCI Enable Canadian Public Sector Organizations to Rapidly Respond to Evolving Software Transparency Standards.
JFrog (FROG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
JFrog places highest for ability to execute; reinforcing the market need for a holistic, unified software supply chain solution to secure all artifacts and AI assets
SUNNYVALE, Calif.--(BUSINESS WIRE)--JFrog Ltd. (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, the system of record for trusted software artifacts, binaries, and AI assets, today announced it has been named a Leader in the Gartner® Magic Quadrant™ for Software Supply Chain Security, positioned the highest for Ability to Execute amongst any other vendor in the report.
"We are honored to be recognized by Gartner, not simply because we believe it validates our vision, but because it reflects the trust our customers place in us every day to secure and power the world's software supply chains." - Shlomi Ben Haim, JFrog CEO
Share This is the first time Gartner has published a Magic Quadrant for this segment – a complimentary copy of the full report is available here.
"Software engineering is evolving into software supply chain engineering. Developers and security teams now carry a responsibility that extends well beyond the application: not only to build software, but to build software that can be trusted in a hybrid world of human and AI agents. It is a structural shift, not a trend,” said Shlomi Ben Haim, CEO of JFrog. “The AI era is accelerating software creation faster than any organization can audit. Enterprises ship more code, from more sources, and the demand for autonomous flow is growing more than ever. This movement leads to a Tsunami of binaries and a flood of vulnerabilities that make the software supply chain the primary target for attacks. While this is Gartner's first Magic Quadrant for this category, it’s a market JFrog has been building for years. We understood early that speed without trust is a liability. Having a holistic platform – that automates software flow with security, governance, and velocity operating as one – is what enterprises need, and it's what we built.”
Closing the AI Governance Gap in Software Supply Chains
Gartner identified software supply chain attacks among the top four critical security threats where attackers currently hold the advantage1. The threat is no longer focused on the volume of code, but rather, the speed of the "CVE Blitz" – adversarial symmetry – and this risk is only accelerating with AI. The JFrog 2026 Software Supply Chain Security State of the Union report found:
Attackers are actively targeting AI models, agentic tools, and developer workflows – not just finished applications. A majority of organizations still source AI models from untrusted repositories, creating a governance gap that existing tools were not built to close. Malicious packages reached record levels, with 177,000 new malicious packages detected. Malicious npm packages surged 451% year-over-year. These findings highlight a fundamental shift: scanning finished code is necessary but no longer sufficient. Security has to be built into the supply chain itself – at every stage, for every artifact type, including AI.
Delivering Trusted Software in the AI Era Must Be Structural
JFrog is recognized in this inaugural report for its differentiated approach to software supply chain security. Unlike competitors, JFrog embeds trust, governance, and security directly into the software delivery process. Rather than adding another point solution to an already fragmented ecosystem, the JFrog Software Supply Chain Platform brings together software composition analysis, OSS license compliance and third-party governance, continuous threat intelligence, end-to-end SBOM lifecycle management, third-party reputation analysis, and binary artifact management to help enterprises secure the full lifecycle of software and AI assets. Available as SaaS, on-premises, or in hybrid environments, JFrog is designed for the operational realities of the enterprise that need security and compliance without compromising developer velocity or slowing innovation.
Innovations in the Gartner evaluation of the JFrog Platform include:
JFrog Curation: Malicious packages, vulnerable dependencies, and non-compliant components are increasingly entering software environments before anyone notices – and regulations like DORA are raising the stakes for organizations that can't demonstrate control over what enters their software supply chain. JFrog Curation is designed to stop risky open-source components at the door and guides developers to pre-vetted package versions, before a bad dependency becomes everyone's problem. JFrog AI Catalog and MCP Server: As AI-generated code and agent-based development accelerate, most enterprises have no visibility into which AI models and agent skills are entering their environments – and no controls to stop the ones they shouldn't trust. JFrog AI Catalog and MCP Server apply the same security standards and trust layer enterprises already use JFrog to enforce. JFrog AppTrust: Security and compliance teams are under growing pressure to prove that policies were actually enforced – not just written down – yet most still rely on manual approvals, and disconnected evidence trails that fall apart under audit scrutiny. JFrog AppTrust replaces that with immutable evidence and automated policy gates across the software supply chain, so teams can demonstrate continuous enforcement without spreadsheets or last-minute fire drills. Expanded SBOM Evidence: Customers, auditors, and regulators are no longer satisfied knowing what software an organization uses – they want proof that known vulnerabilities were assessed, that risk decisions were documented, and that nothing was ignored. Expanded SBOM evidence capabilities, including VEX support aligned to CycloneDX and SPDX 3.0, are built to give organizations the verifiable documentation trail they need to answer those questions with facts, not explanations. Together, these capabilities enable organizations to maintain security, compliance, and velocity in the AI era across increasingly complex and distributed software supply chains. To read the full Gartner Magic Quadrant for Software Supply Chain Security, visit https://jfrog.com/gartner-magic-quadrant/. To learn more about JFrog’s vision and approach to software supply chain security read this blog.
Share on X: @JFrog has been named a Leader in the inaugural Gartner® Magic Quadrant™ for Software Supply Chain Security – and placed the highest on the Ability to Execute axis of any vendor evaluated. Learn why: https://bit.ly/4grCARU #SoftwareSupplyChain #DevSecOps #AI #governance #DevGovOps
Gartner Magic Quadrant for Software Supply Chain Security, By Aaron Lord, Johnny Walters, Jason Gross, 17 June 2026 - ID G00843814.
Gartner and Magic Quadrant are trademarks of Gartner, Inc., and/or its affiliates.
Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from JFrog.
About JFrog
JFrog Ltd. (Nasdaq: FROG), the creators of the unified DevOps, DevSecOps, DevGovOps and MLOps platform, is on a mission to create a world of software delivered without friction from development to production. Driven by a “Liquid Software” vision, the JFrog Platform is a software supply chain system of record that is designed to power organizations as they build, manage, and distribute secure software with speed and scale. Holistic security features help identify, protect, and remediate against threats and vulnerabilities. The universal, hybrid, multi-cloud JFrog Platform is available as both SaaS services across major cloud service providers and self-hosted. Millions of users and approximately 6,600 organizations worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation in the AI era. Learn more at https://jfrog.com or follow us on X @JFrog.
1 Gartner, Press Release: Gartner Identifies Four Critical Threats Requiring Urgent Improvements from Cybersecurity Leaders, NATIONAL HARBOR, MD, June 2, 2026.
JFrog Positioned as a Leader in the First Gartner® Magic Quadrant™ for Software Supply Chain Security JFrog Ltd. (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, the system of record for trusted software artifacts, binaries, and AI assets, today announced it has been named a Leader in the Gartner® Magic Quadrant™ for Software Supply Chain Security, positioned the highest for Ability to Execute amongst any other vendor in the report.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260622339694/en/
JFrog places highest for ability to execute; reinforcing the market need for a holistic, unified software supply chain solution to secure all artifacts and AI assets
This is the first time Gartner has published a Magic Quadrant for this segment – a complimentary copy of the full report is available here.
"Software engineering is evolving into software supply chain engineering. Developers and security teams now carry a responsibility that extends well beyond the application: not only to build software, but to build software that can be trusted in a hybrid world of human and AI agents. It is a structural shift, not a trend,” said Shlomi Ben Haim, CEO of JFrog. “The AI era is accelerating software creation faster than any organization can audit. Enterprises ship more code, from more sources, and the demand for autonomous flow is growing more than ever. This movement leads to a Tsunami of binaries and a flood of vulnerabilities that make the software supply chain the primary target for attacks. While this is Gartner's first Magic Quadrant for this category, it’s a market JFrog has been building for years. We understood early that speed without trust is a liability. Having a holistic platform – that automates software flow with security, governance, and velocity operating as one – is what enterprises need, and it's what we built.”
Closing the AI Governance Gap in Software Supply Chains
Gartner identified software supply chain attacks among the top four critical security threats where attackers currently hold the advantage1. The threat is no longer focused on the volume of code, but rather, the speed of the "CVE Blitz" – adversarial symmetry – and this risk is only accelerating with AI. The JFrog 2026 Software Supply Chain Security State of the Union report found:
Attackers are actively targeting AI models, agentic tools, and developer workflows – not just finished applications. A majority of organizations still source AI models from untrusted repositories, creating a governance gap that existing tools were not built to close. Malicious packages reached record levels, with 177,000 new malicious packages detected. Malicious npm packages surged 451% year-over-year. These findings highlight a fundamental shift: scanning finished code is necessary but no longer sufficient. Security has to be built into the supply chain itself – at every stage, for every artifact type, including AI.
Delivering Trusted Software in the AI Era Must Be Structural
JFrog is recognized in this inaugural report for its differentiated approach to software supply chain security. Unlike competitors, JFrog embeds trust, governance, and security directly into the software delivery process. Rather than adding another point solution to an already fragmented ecosystem, the JFrog Software Supply Chain Platform brings together software composition analysis, OSS license compliance and third-party governance, continuous threat intelligence, end-to-end SBOM lifecycle management, third-party reputation analysis, and binary artifact management to help enterprises secure the full lifecycle of software and AI assets. Available as SaaS, on-premises, or in hybrid environments, JFrog is designed for the operational realities of the enterprise that need security and compliance without compromising developer velocity or slowing innovation.
Innovations in the Gartner evaluation of the JFrog Platform include:
JFrog Curation: Malicious packages, vulnerable dependencies, and non-compliant components are increasingly entering software environments before anyone notices – and regulations like DORA are raising the stakes for organizations that can't demonstrate control over what enters their software supply chain. JFrog Curation is designed to stop risky open-source components at the door and guides developers to pre-vetted package versions, before a bad dependency becomes everyone's problem. JFrog AI Catalog and MCP Server: As AI-generated code and agent-based development accelerate, most enterprises have no visibility into which AI models and agent skills are entering their environments – and no controls to stop the ones they shouldn't trust. JFrog AI Catalog and MCP Server apply the same security standards and trust layer enterprises already use JFrog to enforce. JFrog AppTrust: Security and compliance teams are under growing pressure to prove that policies were actually enforced – not just written down – yet most still rely on manual approvals, and disconnected evidence trails that fall apart under audit scrutiny. JFrog AppTrust replaces that with immutable evidence and automated policy gates across the software supply chain, so teams can demonstrate continuous enforcement without spreadsheets or last-minute fire drills. Expanded SBOM Evidence: Customers, auditors, and regulators are no longer satisfied knowing what software an organization uses – they want proof that known vulnerabilities were assessed, that risk decisions were documented, and that nothing was ignored. Expanded SBOM evidence capabilities, including VEX support aligned to CycloneDX and SPDX 3.0, are built to give organizations the verifiable documentation trail they need to answer those questions with facts, not explanations. Together, these capabilities enable organizations to maintain security, compliance, and velocity in the AI era across increasingly complex and distributed software supply chains. To read the full Gartner Magic Quadrant for Software Supply Chain Security, visit https://jfrog.com/gartner-magic-quadrant/. To learn more about JFrog’s vision and approach to software supply chain security read this blog.
Share on X: @JFrog has been named a Leader in the inaugural Gartner® Magic Quadrant™ for Software Supply Chain Security – and placed the highest on the Ability to Execute axis of any vendor evaluated. Learn why: https://bit.ly/4grCARU #SoftwareSupplyChain #DevSecOps #AI #governance #DevGovOps
Gartner Magic Quadrant for Software Supply Chain Security, By Aaron Lord, Johnny Walters, Jason Gross, 17 June 2026 - ID G00843814.
Gartner and Magic Quadrant are trademarks of Gartner, Inc., and/or its affiliates.
Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from JFrog.
About JFrog
JFrog Ltd. (Nasdaq: FROG), the creators of the unified DevOps, DevSecOps, DevGovOps and MLOps platform, is on a mission to create a world of software delivered without friction from development to production. Driven by a “Liquid Software” vision, the JFrog Platform is a software supply chain system of record that is designed to power organizations as they build, manage, and distribute secure software with speed and scale. Holistic security features help identify, protect, and remediate against threats and vulnerabilities. The universal, hybrid, multi-cloud JFrog Platform is available as both SaaS services across major cloud service providers and self-hosted. Millions of users and approximately 6,600 organizations worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation in the AI era. Learn more at https://jfrog.com or follow us on X @JFrog.
1 Gartner, Press Release: Gartner Identifies Four Critical Threats Requiring Urgent Improvements from Cybersecurity Leaders, NATIONAL HARBOR, MD, June 2, 2026.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260622339694/en/
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: JFrog Ltd. (FROG - Free Report) JFrog Ltd. offers a unified platform for managing and securing the software supply chain, which it calls “Liquid Software,” enabling continuous, trusted delivery across hybrid teams. The JFrog Platform integrates development, security, governance, and distribution for artifacts, packages, containers, and AI/ML models, with capabilities in artifact management, vulnerability scanning, policy enforcement, curation, and secure distribution. Deployments include self-managed, SaaS, and hybrid, with integrations across development tools and cloud providers.
FROG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. FROG has a Momentum Style Score of B, and shares are up 18.4% over the past four weeks.
For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $0.95 per share. FROG boasts an average earnings surprise of +22.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, FROG should be on investors' short list.
The creators of the hit, enterprise-friendly, open source OpenClaw variant NanoClaw are partnering with software supply chain management leader JFrog have to launch a new, joint security integration they say will protect NanoClaw autonomous agents from malicious code injection. "These agents are doing things that you cannot necessarily control, and you cannot necessarily train," said Gal Marder, Chief Strategy Officer at JFrog, in an exclusive interview with VentureBeat.
In its upcoming report, JFrog Ltd. (FROG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.22 per share, reflecting an increase of 10% compared to the same period last year. Revenues are forecasted to be $147.33 million, representing a year-over-year increase of 20.4%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some JFrog metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- License- self-managed' should come in at $7.36 million. The estimate suggests a change of +23.1% year over year.
The consensus estimate for 'Revenue- Subscription- self-managed and SaaS' stands at $139.90 million. The estimate indicates a change of +20.2% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Subscription- SaaS' will reach $72.22 million. The estimate suggests a change of +37.3% year over year.
The combined assessment of analysts suggests that 'Revenue- Self-managed subscription- Subscription' will likely reach $67.71 million. The estimate suggests a change of +6.1% year over year.
The consensus among analysts is that 'Revenue- Self-managed subscription' will reach $75.12 million. The estimate indicates a change of +7.6% from the prior-year quarter.
View all Key Company Metrics for JFrog here>>>
Over the past month, JFrog shares have recorded returns of +10.9% versus the Zacks S&P 500 composite's +10.3% change. Based on its Zacks Rank #3 (Hold), FROG will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
SUNNYVALE, Calif.--(BUSINESS WIRE)--JFrog Ltd. (“JFrog”) (Nasdaq: FROG), the creators of the JFrog Software Supply Chain Platform, the system of record for trusted software artifacts, binaries, and AI assets, today announced financial results for its first quarter 2026, ended March 31, 2026.
“Q1 was a solid quarter, with strong performance across revenue, cloud growth, and all key metrics, reflecting consistent execution by our global team,” said Shlomi Ben Haim, CEO and Co-founder of JFrog.
Share “Q1 was a solid quarter, with strong performance across revenue, cloud growth, and all key metrics, reflecting consistent execution by our global team,” said Shlomi Ben Haim, CEO and Co-founder of JFrog. “Our cloud business acceleration was fueled by surging demand from development organizations leveraging AI-powered coding agents to build and ship software at increasing scale. At the same time, we are seeing powerful momentum in our security business, as customers standardize on JFrog as their end-to-end platform, built on Artifactory as the system of record to govern, manage, and secure binaries at scale in the face of escalating software supply chain threats.”
First Quarter 2026 Financial Highlights
Revenue for the first quarter of 2026 was $154.0 million, up 26% year-over-year. GAAP Gross Profit was $120.4 million; GAAP Gross Margin was 78.2%. Non-GAAP Gross Profit was $129.0 million; Non-GAAP Gross Margin was 83.8%. GAAP Operating Loss was ($12.9) million; GAAP Operating Margin was (8.4%). Non-GAAP Operating Income was $32.9 million; Non-GAAP Operating Margin was 21.4%. GAAP Net Loss Per Share was ($0.07); Non-GAAP Diluted Earnings Per Share was $0.27. Operating Cash Flow was $38.4 million; Free Cash Flow of $37.3 million. Cash, Cash Equivalents and Investments were $741.2 million as of March 31, 2026. Remaining performance obligations were $574.9 million as of March 31, 2026. Recent Business & Product Highlights
Cloud revenue equaled $78.9 million during the first quarter of 2026, an increase of 50% year-over-year. Cloud revenue represented 51% of total revenue, compared to 43% in the year-ago period. Net Dollar Retention rate for the trailing four quarters was 120%. Customers with greater than $1 million ARR increased to 80, up from 54 in the year-ago period. Customers with greater than $100K ARR increased to 1,225 compared with 1,051 in the year-ago period. Customers adopting the end-to-end JFrog Platform Enterprise+ subscription represented 58% of total revenue during the first quarter of 2026, versus 55% in the year-ago period. Announced board authorization of up to $300 million share repurchase program. Launched JFrog MCP Registry as the first enterprise-grade registry for MCP servers. Launched JFrog Skills Registry alongside NVIDIA to bring a trust layer to AI agent skills. Second Quarter and Fiscal Year 2026 Outlook
Second Quarter 2026 Outlook: Revenue between $154 million and $156 million Non-GAAP operating income between $28 million and $30 million Non-GAAP net income per diluted share between $0.23 and $0.25, assuming approximately 126 million weighted average diluted shares outstanding Fiscal Year 2026 Outlook: Revenue between $628 million to $632 million Non-GAAP operating income between $112 million and $116 million Non-GAAP net income per diluted share between $0.93 and $0.97, assuming approximately 128 million weighted average diluted shares outstanding The section titled "Non-GAAP Financial Information" below describes our usage of non-GAAP financial measures. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data.
Conference Call Details
Event: JFrog’s First Quarter 2026 Financial Results Conference Call Date: Thursday, May 7, 2026 Time: 2:00 p.m. PT (5:00 p.m. ET) A live webcast of the conference call will be accessible from the investor relations website at https://investors.jfrog.com/events-and-presentations.
About JFrog
JFrog Ltd. (Nasdaq: FROG), the creators of the unified DevOps, DevSecOps, DevGovOps and MLOps platform, is on a mission to create a world of software delivered without friction from development to production. Driven by a “Liquid Software” vision, the JFrog Platform is a software supply chain system of record that is designed to power organizations as they build, manage, and distribute secure software with speed and scale. Holistic security features help identify, protect, and remediate against threats and vulnerabilities. The universal, hybrid, multi-cloud JFrog Platform is available as both SaaS services across major cloud service providers and self-hosted. Millions of users and approximately 6,600 organizations worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation in the AI era. Learn more at www.jfrog.com or follow us on X @JFrog.
Disclosure Information
JFrog routinely posts important information for investors on its website (https://investors.jfrog.com and, more specifically, under the News tab at https://investors.jfrog.com/news). JFrog intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation Fair Disclosure promulgated by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, investors should monitor JFrog’s investor relations web site, in addition to following JFrog’s press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, JFrog’s website is not incorporated by reference into, and is not a part of, this document.
Forward-Looking Statements:
This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the U.S. federal securities laws, including but not limited to statements regarding JFrog’s future financial performance, including our outlook for the second quarter and for the full year of 2026, expectations regarding the market and revenue potential for the JFrog Platform, including JFrog Artifactory, JFrog Xray, JFrog Curation, JFrog Advanced Security, JFrog ML, JFrog AppTrust, JFrog AI Catalog and JFrog Runtime Security, and including the efficacy and benefit of integrating of any of the foregoing with other products and platform, our expectations regarding the mission-critical nature of the “JFrog Platform” to our customers’ infrastructure and its growth potential, expectations regarding the adoption of AI and the use of AI agents, the growth potential of our cloud business, including hybrid and multi-cloud, our expectations regarding potential for growth in and market opportunities within DevOps, DevSecOps, DevGovOps, Security, AI, and MLOps, our ability to provide effective tools and solutions to detect and remediate security vulnerabilities, our expectations regarding our strategic integrations and collaborations, the ability of our strategic sales team to grow the business across top-tier accounts, our ability to expand usage of our platform in the government and commercial sectors, our ability to contribute data to global security standards bodies, our ability to innovate and meet market demands and the software supply chain needs of our customers and our expectations regarding the integration and adoption of MLOps technologies into our business, including our ability to successfully integrate into our business operations, and expectations regarding customer expansions.
These forward-looking statements are based on JFrog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause JFrog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement.
There are a significant number of factors that could cause actual results to differ materially from statements made in this press release and our earnings call, including but not limited to: risks associated with managing our rapid growth; our history of losses; our limited operating history; our ability to retain and upgrade existing customers; our ability to attract new customers; our ability to effectively develop and expand our sales and marketing capabilities; our ability to integrate and realize anticipated synergies from acquisitions of complementary businesses and our strategic collaborations; risk of a security breach incident or product vulnerability; risk of interruptions or performance problems associated with our products and platform capabilities; our ability to adapt and respond to rapidly changing technology or customer needs; our ability to compete in the markets in which we participate; our ability to successfully integrate technology from acquisitions into our offerings; our ability to provide continuity to our respective customers and realize innovation following our acquisitions; and general market, political, economic, and business conditions, including uncertainty in the current macroeconomic environment. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in our filings with the Securities and Exchange Commission, including in our annual report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 13, 2026, our quarterly reports on Form 10-Q, and other filings and reports that we may file from time to time with the Securities and Exchange Commission. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. We disclaim any obligation to update forward-looking statements, except as required by law.
About Non-GAAP Financial Measures:
JFrog discloses the following non-GAAP financial measures in this release and the earnings call referencing this press release: non-GAAP operating income (loss), non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, non-GAAP net income (loss) per basic share, and free cash flow. JFrog uses each of these non-GAAP financial measures internally to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate JFrog’s financial performance. JFrog believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. JFrog’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on JFrog’s reported financial results.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. A reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, reconciling items that may be incurred in the future such as share-based compensation, the effect of which may be significant.
JFrog defines non-GAAP gross profit, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income (loss) and non-GAAP net income (loss) as the respective GAAP balances, adjusted for, as applicable: (1) share-based compensation expense; (2) the amortization of acquired intangibles; (3) acquisition-related costs; and (4) income tax effects. JFrog defines free cash flow as Net cash provided by (used in) operating activities, minus capital expenditures. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures.
Management believes these non-GAAP financial measures are useful to investors and others in assessing JFrog’s operating performance due to the following factors:
Share-based compensation. JFrog utilizes share-based compensation to attract and retain employees. It is principally aimed at aligning their interests with those of its shareholders and at long-term retention, rather than to address operational performance for any particular period. As a result, share-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period.
Amortization of acquired intangibles. JFrog views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are evaluated for impairment regularly, amortization of the cost of acquired intangibles is an expense that is not typically affected by operations during any particular period.
Acquisition-related costs. Acquisition-related costs include expenses related to acquisitions of other companies. JFrog views acquisition-related costs as expenses that are not necessarily reflective of operational performance during a period.
Income tax effects. JFrog’s non-GAAP financial results are adjusted for income tax effects related to these non-GAAP adjustments and changes in our assessment regarding the realizability of our deferred tax assets, if any. Excluding income tax effects of non-GAAP adjustments provides a more accurate view of JFrog’s operating results.
Non-GAAP weighted average share count. Diluted GAAP and non-GAAP weighted-average shares are the same, except in periods that there is a GAAP loss and a non-GAAP income. The non-GAAP weighted-average shares used to compute the non-GAAP net income per share - diluted are adjusted to reflect dilution equal to the dilutive impact had there been GAAP income.
Additionally, JFrog’s management believes that the non-GAAP financial measure, free cash flow, is meaningful to investors because management reviews cash flows generated from operations after taking into consideration capital expenditures due to the fact that these expenditures are considered to be a necessary component of ongoing operations.
Operating Metrics
JFrog’s number of customers with annual recurring revenue (“ARR”) of $100,000 or more is based on the ARR of each customer, as of the last month of the quarter. JFrog’s number of customers with ARR of $1 million or more is based on the ARR of each customer, as of the last month of the quarter. JFrog defines ARR as the annualized revenue run-rate of subscription agreements from all customers as of the last month of the quarter. The ARR includes monthly subscription customers, so long as JFrog generates revenue from these customers. JFrog annualizes its monthly subscriptions by taking the revenue it would contractually expect to receive from such customers in a given month and multiplying it by 12.
JFrog’s net dollar retention rate compares its ARR from the same set of customers across comparable periods. JFrog calculates net dollar retention rate by first identifying customers (the “Base Customers”), which were customers in the last month of a particular quarter (the “Base Quarter”). JFrog then calculates the contracted ARR from these Base Customers in the last month of the same quarter of the subsequent year (the “Comparison Quarter”). This calculation captures upsells, contraction, and attrition since the Base Quarter. JFrog then divides total Comparison Quarter ARR by total Base Quarter ARR for Base Customers. JFrog’s net dollar retention rate in a particular quarter is obtained by averaging the result from that particular quarter with the corresponding results from each of the prior three quarters.
JFROG LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data; unaudited)
Three Months Ended March 31,
2026
2025
Revenue:
Subscription—self-managed and SaaS
$
146,282
$
116,425
License—self-managed
7,695
5,982
Total subscription revenue
153,977
122,407
Cost of revenue:
Subscription—self-managed and SaaS(1)(3)
33,600
30,065
License—self-managed(3)
—
116
Total cost of revenue—subscription
33,600
30,181
Gross profit
120,377
92,226
Operating expenses:
Research and development(1)(2)
51,812
43,335
Sales and marketing(1)(2)(3)
57,752
52,812
General and administrative(1)(2)
23,744
19,049
Total operating expenses
133,308
115,196
Operating loss
(12,931
)
(22,970
)
Interest and other income, net
7,152
5,965
Loss before income taxes
(5,779
)
(17,005
)
Income tax expense
2,488
1,498
Net loss
$
(8,267
)
$
(18,503
)
Net loss per share - basic and diluted
$
(0.07
)
$
(0.16
)
Weighted-average shares used in computing net loss per share, basic and diluted
120,159
113,447
(1) Includes share-based compensation expense as follows:
Cost of revenue: subscription—self-managed and SaaS
$
4,093
$
4,201
Research and development
14,210
13,977
Sales and marketing
12,809
12,730
General and administrative
8,515
5,937
Total share-based compensation expense
$
39,627
$
36,845
(2) Includes acquisition-related costs as follows:
Research and development
$
1,086
$
1,180
Sales and marketing
466
463
General and administrative
19
15
Total acquisition-related costs
$
1,571
$
1,658
(3) Includes amortization of acquired intangibles as follows:
Cost of revenue: subscription–self-managed and SaaS
$
4,498
$
4,499
Cost of revenue: license—self-managed
—
116
Sales and marketing
175
1,202
Total amortization of acquired intangible assets
$
4,673
$
5,817
JFROG LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands; unaudited)
March 31, 2026
December 31, 2025
Assets
Current assets:
Cash and cash equivalents
$
60,966
$
75,840
Short-term investments
680,278
628,574
Accounts receivable, net
113,708
119,948
Deferred contract acquisition costs
23,011
22,259
Prepaid expenses and other current assets
26,844
26,390
Total current assets
904,807
873,011
Property and equipment, net
6,504
5,536
Deferred contract acquisition costs, noncurrent
34,293
34,304
Operating lease right-of-use assets
16,163
12,063
Intangible assets, net
35,235
39,908
Goodwill
371,512
371,512
Other assets, noncurrent
4,694
5,043
Total assets
$
1,373,208
$
1,341,377
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable
$
16,627
$
14,168
Accrued expenses and other current liabilities
67,183
77,970
Operating lease liabilities
5,220
5,780
Deferred revenue
311,135
309,604
Total current liabilities
400,165
407,522
Deferred revenue, noncurrent
30,336
32,400
Operating lease liabilities, noncurrent
11,227
6,676
Other liabilities, noncurrent
7,482
7,332
Total liabilities
449,210
453,930
Shareholders’ equity:
Ordinary shares
340
335
Additional paid-in capital
1,361,165
1,312,833
Accumulated other comprehensive income
2,247
5,766
Accumulated deficit
(439,754
)
(431,487
)
Total shareholders’ equity
923,998
887,447
Total liabilities and shareholders’ equity
$
1,373,208
$
1,341,377
JFROG LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands; unaudited)
Three Months Ended March 31,
2026
2025
Cash flows from operating activities:
Net loss
$
(8,267
)
$
(18,503
)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
5,561
6,714
Share-based compensation expense
39,627
36,845
Non-cash operating lease expense
2,063
2,118
Net amortization of premium or discount on investments
(923
)
(1,559
)
Gains on foreign exchange
(74
)
(82
)
Changes in operating assets and liabilities:
Accounts receivable
6,335
6,495
Prepaid expenses and other assets
(2,405
)
184
Deferred contract acquisition costs
(741
)
(751
)
Accounts payable
1,578
(628
)
Accrued expenses and other liabilities
(1,768
)
(1,134
)
Operating lease liabilities
(2,097
)
(2,207
)
Deferred revenue
(533
)
1,300
Net cash provided by operating activities
38,356
28,792
Cash flows from investing activities:
Purchases of short-term investments
(165,647
)
(148,968
)
Maturities of short-term investments
113,638
103,833
Purchases of property and equipment
(1,070
)
(647
)
Net cash used in investing activities
(53,079
)
(45,782
)
Cash flows from financing activities:
Proceeds from exercise of share options
554
3,752
Proceeds from employee share purchase plan
8,156
6,294
Proceeds from employee equity transactions, net of payments to tax authorities and employees
(8,860
)
1,459
Net cash provided by (used in) financing activities
(150
)
11,505
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(1
)
(34
)
Net decrease in cash, cash equivalents, and restricted cash
(14,874
)
(5,519
)
Cash, cash equivalents, and restricted cash—beginning of period
76,551
50,627
Cash, cash equivalents, and restricted cash—end of period
$
61,677
$
45,108
Reconciliation of cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets to the amounts shown in the Condensed Consolidated Statements of Cash Flows above:
Cash and cash equivalents
$
60,966
$
44,350
Restricted cash included in prepaid expenses and other current assets
711
758
Total cash, cash equivalents, and restricted cash
$
61,677
$
45,108
JFROG LTD.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(in thousands except per share data; unaudited)
Three Months Ended March 31,
2026
2025
Reconciliation of gross profit and gross margin
GAAP gross profit
$
120,377
$
92,226
Plus: Share-based compensation expense
4,093
4,201
Plus: Amortization of acquired intangibles
4,498
4,615
Non-GAAP gross profit
$
128,968
$
101,042
GAAP gross margin
78.2
%
75.3
%
Non-GAAP gross margin
83.8
%
82.5
%
Reconciliation of operating expenses
GAAP research and development
$
51,812
$
43,335
Less: Share-based compensation expense
(14,210
)
(13,977
)
Less: Acquisition-related costs
(1,086
)
(1,180
)
Non-GAAP research and development
$
36,516
$
28,178
GAAP sales and marketing
$
57,752
$
52,812
Less: Share-based compensation expense
(12,809
)
(12,730
)
Less: Acquisition-related costs
(466
)
(463
)
Less: Amortization of acquired intangibles
(175
)
(1,202
)
Non-GAAP sales and marketing
$
44,302
$
38,417
GAAP general and administrative
$
23,744
$
19,049
Less: Share-based compensation expense
(8,515
)
(5,937
)
Less: Acquisition-related costs
(19
)
(15
)
Non-GAAP general and administrative
$
15,210
$
13,097
Reconciliation of operating income (loss) and operating margin
GAAP operating loss
$
(12,931
)
$
(22,970
)
Plus: Share-based compensation expense
39,627
36,845
Plus: Acquisition-related costs
1,571
1,658
Plus: Amortization of acquired intangibles
4,673
5,817
Non-GAAP operating income
$
32,940
$
21,350
GAAP operating margin
(8.4
)%
(18.8
)%
Non-GAAP operating margin
21.4
%
17.4
%
Reconciliation of net income (loss)
GAAP net loss
$
(8,267
)
$
(18,503
)
Plus: Share-based compensation expense
39,627
36,845
Plus: Acquisition-related costs
1,571
1,658
Plus: Amortization of acquired intangibles
4,673
5,817
Less: Income tax effects
(3,420
)
(2,540
)
Non-GAAP net income
$
34,184
$
23,277
Net income per share - basic
$
0.28
$
0.21
Net income per share - diluted
$
0.27
$
0.20
Shares used in non-GAAP net income per share calculations:
GAAP weighted-average shares used to compute net loss per share - basic and diluted
120,159
113,447
Add: Dilutive ordinary share equivalents
5,178
5,027
Non-GAAP weighted-average shares used to compute net income per share - diluted
125,337
118,474
JFROG LTD.
RECONCILIATION OF GAAP CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FLOW
JFrog raised its full-year outlook after first-quarter earnings and revenue topped Wall Street expectations, with the company saying AI coding agents are driving cloud demand.
JFrog Ltd. (FROG - Free Report) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +24.60%. A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.22, delivering a surprise of +15.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
JFrog, which belongs to the Zacks Internet - Software industry, posted revenues of $153.98 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.51%. This compares to year-ago revenues of $122.41 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
JFrog shares have lost about 13.9% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for JFrog?While JFrog has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for JFrog was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.21 on $151.79 million in revenues for the coming quarter and $0.90 on $626.53 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, uCloudlink Group Inc. Sponsored ADR (UCL - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 13.
This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -250%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
uCloudlink Group Inc. Sponsored ADR's revenues are expected to be $16 million, down 14.7% from the year-ago quarter.
