JFrog Ltd.

NasdaqGS:FROG Stock Report

Market Cap: US$8.5b

JFrog Dividends and Buybacks

Dividend criteria checks 0/6

JFrog does not have a record of paying a dividend.

Key information

n/a

Dividend yield

-0.2%

Buyback Yield

Total Shareholder Yield-0.2%
Future Dividend Yield0%
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

Recent updates

Narrative Update Apr 28

FROG: AI Code Surge Will Cement Binary Governance As Core Security Layer

Narrative update on JFrog The updated fair value estimate for JFrog moves slightly lower to $67.80 from $69.65. This reflects recent cuts to Street price targets alongside analyst views that AI related volatility and competitive headlines have reset expectations without changing the core long term role of its binary management platform.
Narrative Update Apr 12

FROG: AI Code Surge Will Elevate Binary Governance And Security Importance

Analysts kept JFrog's fair value estimate steady at $69.65 while adjusting underlying assumptions, such as a slightly lower discount rate and modestly refined long term P/E outlook, citing recent AI driven volatility and renewed Buy ratings that highlight its role as a system of record for software artifacts and a potential beneficiary of increased AI generated code and enterprise security needs. Analyst Commentary Recent research focuses heavily on how AI related volatility and new security tools are feeding into JFrog's valuation, with several firms updating ratings and targets after a sharp selloff tied to Claude Code Security headlines.
Seeking Alpha Apr 06

JFrog: The Hidden Infrastructure Play Powering The AI Code Explosion

Summary JFrog Ltd. is positioned as a mission-critical infrastructure platform benefiting from surging AI-generated code, cloud migration, and software supply chain security mandates. FROG posted FY2025 revenue of $531.8M (+24.1% YoY), with cloud revenue up 45%, $142M in free cash flow (27% margin), and $704M in cash, and zero debt. My blended 12-month price target is $65, implying 28.5% upside, based on a weighted DCF and EV/Sales analysis; I rate FROG as a buy. FROG's high retention (97% gross, 119% net dollar), expanding security offerings, and cloud conversion of its installed base underpin durable growth and operating leverage. Read the full article on Seeking Alpha
Narrative Update Mar 29

FROG: AI Binary Governance Will Benefit From Rising Agentic Code Volumes

JFrog's updated fair value estimate has been trimmed slightly to $69.65 as analysts balance a modest adjustment to long term profitability assumptions with fresh research highlighting the company's role as a system of record for software artifacts and a potential beneficiary of increased AI generated code volumes. Analyst Commentary Street research has been active on JFrog, with several firms reacting to recent volatility tied to AI security headlines and adjusting their views on the shares and long term positioning.
Narrative Update Mar 12

FROG: AI Binary Artifact Focus Will Benefit From Agentic Workload Expansion

Analysts have trimmed their consolidated JFrog price target to $52 from $64, reflecting a modestly higher discount rate and slightly adjusted profit and P/E assumptions after recent AI related volatility. They continue to point to JFrog's core focus on binaries and artifact management as the key rationale behind their updated views.
Narrative Update Feb 26

FROG: AI Driven Binary Management Demand Will Support 2026 Outlook

Analysts have nudged their JFrog price target slightly lower to $70 from about $72.50, as they factor in mixed reactions to Claude Code Security, reassess long term P/E assumptions, and continue to highlight JFrog's role in binary management along with its potential benefits from AI driven software development. Analyst Commentary Recent research shows a split view on JFrog, with some firms leaning into the AI driven upside for its core binary management platform, while others trim targets to reflect sector volatility and questions around how new AI security tools fit into the DevSecOps stack.
Narrative Update Feb 11

FROG: AI Security Demand And Larger Deals Will Support 2026 Outlook

Analysts have lifted their JFrog price targets, with recent moves from $67 to $70 and then to $80, citing a stronger 2026 setup for software, including expectations for larger deals and rising AI driven security demand. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price targets as reflecting what they view as a constructive setup for software into 2026, with current stock valuations described as low and the sector out of favor.
Narrative Update Jan 27

FROG: Cloud And Security Momentum Will Support Stronger Outlook Through 2026

Analysts have nudged their JFrog fair value estimate to US$72.00, reflecting a modestly lower discount rate and slightly higher modeled profit margins in response to recent target hikes across the Street, tied to strong Q3 results, cloud and security momentum, and a more constructive multi year software outlook. Analyst Commentary Recent Street research on JFrog skews constructive, with several firms lifting price targets following Q3 results and updated sector views.
Narrative Update Jan 13

FROG: Cloud And Security Execution Will Support Stronger Outlook Through 2026

Analysts have raised their consolidated fair value estimate for JFrog to $72.00 per share, reflecting a series of higher Street price targets tied to stronger Q3 execution, growing cloud and security contributions, and constructive views on software and cybersecurity demand through 2026. Analyst Commentary Bullish Takeaways Bullish analysts are lifting fair value views into a US$70 to US$80 range, pointing to stronger Q3 execution, especially in cloud and security, as support for higher valuation.
Narrative Update Dec 14

FROG: Cloud And Security Momentum Will Support Balanced Long Term Outlook

Analysts have raised their price target for JFrog to $70 from $55, citing accelerating cloud momentum, growing security contributions, and converging enterprise growth initiatives that support a stronger long term outlook despite only modest tweaks to discount rate and margin assumptions. Analyst Commentary Recent Street research reflects a broadly positive reassessment of JFrog, with multiple firms lifting price targets following stronger than expected Q3 performance and improving confidence in the company’s cloud and security trajectory.
Narrative Update Nov 28

FROG: Cloud And Security Momentum Will Sustain Upside Into Next Year

JFrog's fair value estimate has increased significantly from $56.44 to $69.22. Analysts cite sustained Q3 outperformance, rising cloud and security momentum, and enhanced growth expectations as key drivers behind their higher price targets.
Analysis Article Nov 09

JFrog Ltd. (NASDAQ:FROG) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

JFrog Ltd. ( NASDAQ:FROG ) shares have continued their recent momentum with a 30% gain in the last month alone. Looking...
Narrative Update Nov 07

FROG: Cloud And Security Will Drive Continued Strong Upside Momentum

JFrog's analyst price target has risen sharply, increasing from $58 to $70 as analysts cite strong Q3 performance and growing confidence in the company's cloud and security-driven growth potential. Analyst Commentary Analyst opinions on JFrog's recent performance and outlook reflect a blend of growing optimism and some remaining caution.
Narrative Update Oct 24

AI And Cloud Expansion Will Drive Platform Momentum And Market Reach

JFrog's analyst price target has been raised slightly by $0.63, with analysts citing continued growth momentum, new product offerings, and confidence in the company's outlook as key factors in their updated valuation. Analyst Commentary In recent weeks, JFrog has received several price target increases from analysts, reflecting positive sentiment about the company’s strategic positioning, growth momentum, and product innovation.
Narrative Update Oct 10

AI Adoption And Hybrid Cloud Will Unlock New Markets

JFrog's analyst price target increased modestly from $54.88 to $55.81, as analysts cite enhanced confidence in the company's outlook. This is driven by recent product momentum and AI-driven opportunities highlighted at industry conferences.
Narrative Update Sep 26

AI Adoption And Hybrid Cloud Will Unlock New Markets

Analysts have raised JFrog’s price target to $54.88, citing increased confidence in its expanding security and platform offerings, strong execution, and resilient recurring revenue growth. Analyst Commentary Increased confidence in JFrog’s market positioning driven by new product announcements, especially the AppTrust solution, expanding the platform’s scope and enhancing Enterprise Plus upgrade incentives.
Narrative Update Sep 11

AI Adoption And Hybrid Cloud Will Unlock New Markets

Analysts raised JFrog’s price target to $53.81, citing strong cloud growth, new product innovation (notably AppTrust), expanding cybersecurity initiatives, and greater confidence in its competitive positioning and exposure to AI trends. Analyst Commentary Bullish analysts point to JFrog’s accelerating cloud business, improved recurring revenue, and expanding annual cloud commitments as key drivers behind stronger fundamental performance.
Narrative Update Aug 10

AI Adoption And Hybrid Cloud Will Unlock New Markets

The notable increase in JFrog’s future P/E multiple, despite stable revenue growth forecasts, suggests higher investor confidence in future profitability and has driven the consensus analyst price target up from $46.06 to $51.81. What's in the News JFrog provided Q3 2025 revenue guidance of $127–$129 million and full-year guidance of $507–$510 million.
Analysis Article Jul 13

Is Now An Opportune Moment To Examine JFrog Ltd. (NASDAQ:FROG)?

JFrog Ltd. ( NASDAQ:FROG ), might not be a large cap stock, but it led the NASDAQGS gainers with a relatively large...
Analysis Article Jun 16

Estimating The Fair Value Of JFrog Ltd. (NASDAQ:FROG)

Key Insights JFrog's estimated fair value is US$43.99 based on 2 Stage Free Cash Flow to Equity With US$40.68 share...
Analysis Article May 13

Here's Why Shareholders Will Not Be Complaining About JFrog Ltd.'s (NASDAQ:FROG) CEO Pay Packet

Key Insights JFrog's Annual General Meeting to take place on 20th of May CEO Shlomi Haim's total compensation includes...
Seeking Alpha Apr 22

JFrog's Operating Losses Remain High As Clients Continue A Slow Transition To Cloud

Summary JFrog Ltd.'s revenue growth is slowing, gross margins are dropping, and operating losses are increasing. Customer transition to its cloud offerings is reducing gross margins and extending sales cycles, impacting financial performance negatively. Despite a strong cash position, high stock-based compensation and negative free cash flow net of SBC are concerning. Valuation is at a premium compared to peers, but FROG's slowing topline revenue growth rate and higher cost of capital environment could lead to further stock price declines. I'm bearish on FROG stock in the near term. Read the full article on Seeking Alpha
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New Narrative Mar 21

AI Investments And Cloud Partnerships Will Strengthen Future Market Position

JFrog’s strategy focuses on enterprise subscriptions and cloud partnerships, driving consistent revenue growth through software supply chain tools and cloud services.
Seeking Alpha Mar 08

JFrog: A Tech Stock Leaps And Bounds Above Others

Summary JFrog has leaped 20% over the past six months on robust growth and strategic partnerships, including Amazon Web Services. As the software supply chain platform hops higher in Seeking Alpha’s Quant Rankings, its rapid trajectory accompanies a broader rally in the systems software industry as the artificial intelligence boom. However, like many IT stocks impacted by tariffs and recent market volatility, its valuation has also become stretched, reflected in its Strong Buy Quant Rating on February 6, 2025, which. However, the higher valuation is juxtaposed by excellent momentum and long-term growth potential, as innovation and the next-generation of automation release. Read the full article on Seeking Alpha
Seeking Alpha Feb 15

JFrog: The Market Is Starting To Catch On To This Excellent Growth Story

Summary JFrog's strong Q4 results and bullish FY25 outlook validate its growth story, making it a great buy as the market catches on. The company released an attractive long-term outlook that calls for a mid-20s growth CAGR through FY27, alongside 200-300bps of annual margin expansion. JFrog's conservative valuation at 7.9x EV/FY25 revenue and potential to exceed the "Rule of 40" make it an attractive investment. Read the full article on Seeking Alpha
Seeking Alpha Jan 31

JFrog: Combination Of Pricing Power And Operating Leverage Should Bode Well

Summary Initiated a position in JFrog Ltd., a leader in software tools for managing, securing, and releasing modern software applications, with flagship product Artifactory. JFrog serves over 7,000 customers, including 83% of the Fortune 100, offering extensive package format support, efficient storage, and robust security. The company boasts industry-leading 97% customer retention and 117% net expansion rates, with strong free cash flow margins doubling to 22% over the past two years. Anticipate sustained growth driven by generative AI adoption, increasing application complexity, and higher-priced product adoption, enhancing free cash flow and stock performance. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if FROG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FROG's dividend payments have been increasing.


Dividend Yield vs Market

JFrog Dividend Yield vs Market
How does FROG dividend yield compare to the market?
SegmentDividend Yield
Company (FROG)n/a
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.2%
Industry Average (Software)0.9%
Analyst forecast (FROG) (up to 3 years)0%

Notable Dividend: Unable to evaluate FROG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FROG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate FROG's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FROG has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 17:55
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

JFrog Ltd. is covered by 28 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Raimo LenschowBarclays
Ryan MacWilliamsBarclays