JFrog Ltd (FROG) Earnings History

JFrog Ltd - Q4 FY2025 EarningsBeat

Filed at: Feb 12, 2026, 4:09 PM EST|Read from source

EXECUTIVE SUMMARY

JFrog reported strong execution in FY2025, driven by robust cloud revenue growth and an expanding customer base, particularly those with significant ARR. The company is well-positioned to capitalize on the increasing integration of AI in software development, with a focus on security and governance.

POSITIVE HIGHLIGHTS

  • •

    Total revenue for fiscal 2025 was $531.8 million, up 24% year-over-year.

    positive
  • •

    Cloud revenue grew 45% year-over-year to $243.3 million, representing 48% of total revenue in Q4 2025.

    positive
  • •

    Customers with ARR greater than $1 million increased by 42% year-over-year to 74.

    positive
  • •

    Net Dollar Retention rate for the trailing four quarters was 119%.

    positive
  • •

    Free Cash Flow for FY2025 was $142.3 million, an increase from $107.8 million in FY2024.

    positive

CONCERNS & RISKS

  • •

    GAAP Operating Loss for FY2025 was ($91.9) million, an increase from ($91.1) million in FY2024.

    attention
  • •

    GAAP Net Loss for FY2025 was ($71.8) million, an increase from ($69.2) million in FY2024.

    attention
  • •

    GAAP Operating Loss for Q4 2025 was ($21.3) million, compared to ($25.4) million in Q4 2024, showing some improvement but still a loss.

    attention
  • •

    GAAP Net Loss Per Share for FY2025 was ($0.62), compared to ($0.63) in FY2024.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$145.31B
+25.2%
Prior year: $116.08B
Annual (YTD)
$531.84B
N/A
Prior year: $428.49B
Net Income
Quarterly
$-15.21B
-34.4%
Prior year: $-23.20B
Annual (YTD)
$-71.82B
N/A
Prior year: $-69.24B
EPS (Diluted)
Quarterly
$-0.13
+38.1%
Prior year: $-0.21
Operating Income
Quarterly
$-21.32B
+16.1%
Prior year: $-25.41B
Annual (YTD)
$-91.85B
N/A
Prior year: $-91.10B
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Gross Margin
Current Quarter
77.9%
Prior Year
75.4%
YoY Change
+246 bps
Operating Margin
Current Quarter
-14.7%
Prior Year
-21.9%
YoY Change
+720 bps
Net Margin
Current Quarter
-10.5%
Prior Year
-20.0%
YoY Change
+951 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q4 FY2025 2025

VISUAL OVERVIEW

|
Total subscription revenue
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Total subscription revenue
N/A———
Total Revenue$0.00M——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

FY2026

revenue
$623000.0B—$628000.0B
Mid-point: $625500.0B
non-GAAP operating income
106,000,000—108,000,000
Mid-point: 107,000,000
non-GAAP net income per diluted share
0.88—0.92
Mid-point: 0.9

Q1 2026

revenue
$146000.0B—$148000.0B
Mid-point: $147000.0B
non-GAAP operating income
25,000,000—26,000,000
Mid-point: 25,500,000
non-GAAP net income per diluted share
0.2—0.22
Mid-point: 0.21

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Developers and AI coding agents are now building and releasing software together at unprecedented speed. Automation, security, and governance must be embedded from the get-go.

— JFrog Ltd, Q4 FY2025 2025 Earnings Call

Our 2025 performance reflects strong execution of our strategy to serve as the System of Record for all software artifacts.

— JFrog Ltd, Q4 FY2025 2025 Earnings Call

It demonstrates how deeply companies are embracing the JFrog Platform as they adopt AI to manage and secure their software supply chains.

— JFrog Ltd, Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Cloud revenue
70200.0M
+42.0% YoY
Prior year: 49436.0M
dollars
Customers with ARR greater than $1 million
74
+42.3% YoY
Prior year: 52
customers
Customers with ARR greater than $100K
1.2K
+14.7% YoY
Prior year: 1.0K
customers
Net Dollar Retention rate
119
percent

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.