NASDAQ$FROG

Jfrog Ltd · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

JFrog reported Q4 2025, revenue of $145.3M, diluted EPS of $-0.13.

For Q4 2025, JFrog reported revenue of $145.3M, diluted EPS was $-0.13, adjusted diluted EPS was $0.22. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $145.3M.
  • Diluted EPS $-0.13.
  • Adjusted diluted EPS $0.22.

Headline financials

Total Revenue

$145M

Previous: $116M+25.2%
EPS (adj)

$0.22

Previous: $0.19+15.8%
GAAP Gross Margin

77.9%

Previous: 75.4%+3.3%
Non-GAAP Gross Margin

83.7%

Previous: 83.2%+0.6%
GAAP Operating Margin

-14.7%

Previous: -21.9%+32.9%
Non-GAAP Operating Margin

17.7%

Previous: 18.0%-1.7%
Operating Cash Flow

$50.7M

Previous: $49.1M+3.2%
Cloud Revenue

$70.2M

Previous: $49.4M+42.0%
Cloud Revenue % of Total

48.0%

Previous: 43.0%+11.6%
Net Dollar Retention Rate

119.0%

No prior period
Customers with ARR > $1M

74

Previous: 52+42.3%
Customers with ARR > $100K

1.2K

Previous: 1.0K+14.7%
Enterprise+ Subscription % of Revenue

57.0%

Previous: 54.0%+5.6%
Remaining Performance Obligations

$566M

No prior period
Net Income

-$15.2M

Previous: -$23.2M+34.4%
Operating Income

-$21.3M

Previous: $20.9M-201.8%
Gross Profit

$113M

Previous: $87.6M+29.2%

Revenue & EPS history

JFrog · Revenue · Quarterly

$145M

Q4 2025+25.2%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The release discusses JFrog's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • JFrog cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.3%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-3.5%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+33.3%

Q4 2023

Best reaction

-27.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.9%-7.9%+21.4%
Q4 2025-3.0%-10.7%-22.9%
Q3 2025+27.0%+30.5%+37.1%
Q1 2025+1.2%-9.1%+7.9%
Q4 2024+5.5%+5.6%-11.0%
Q3 2024-2.0%-3.6%-1.5%
Q2 2024-27.7%-24.2%-19.9%
Q1 2024-19.0%-18.3%-20.3%
Q4 2023+33.3%+25.4%+18.0%
Q3 2023+16.8%+22.1%+25.8%
Q2 2023-1.0%-1.2%+0.3%
Q1 2023+12.0%+17.7%+31.4%
Q4 2022-4.0%-3.9%-24.3%
Q3 2022-8.3%-16.7%-8.7%
Q2 2022+7.4%+9.0%-13.7%
Q1 2022-9.1%-9.5%-8.6%
Q4 2021-7.9%-2.5%-15.0%
Q3 2021+12.7%+11.6%-17.6%
Q2 2020-16.0%-16.1%-17.8%
Q2 2021-7.6%-12.9%-12.4%
Q1 2021-17.4%-15.4%+1.5%
Q4 2020-0.2%+5.0%-24.3%
Q3 2020-9.5%-16.2%-5.1%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018

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