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JFrog s goal is to provide a system of record for the software supply chain in the Artificial Intelligence ( AI ) era. As a foundational platform that provides governance, security and trust to enterprise software organizations, JFrog s unified platform ( JFrog Platform ) allows companies to successfully unify development speed, volume, security, governance and delivery of software applications…
The business is unprofitable at the operating level (-17.27% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 24.1% YoY with margins expanding 4.0pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$563M
▲ +24.1% YoY
Net Income (TTM)
-$62M
▼ -3.7% YoY
Op. Margin
-14.52%
▲ +4.0pp YoY
ROIC
-7.28%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$151M
▲ +32.0% YoY
Op. Cash Flow (TTM)
$155M
▲ +31.4% YoY
Net Debt
-$725M
Net Cash Position
Cash & Equiv.
$741M
5Y CAGR: +28.7%
5Y CAGR: +40.6%
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